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Zscaler ZS Operating Lease Liabilities

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Other financials

Income statement

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Revenue$850.5M+25.4%
Gross profit$657.8M+26.0%
Operating income-$29.6M-16.6%
Net income-$13.9M-237%
EPS (diluted)-$0.09-200%

Balance sheet

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Cash & equivalents$982.1M-50.7%
Total debt$1.7B+40.9%
Total equity$2.4B+31.1%
Total assets$7.1B+32.9%

Cash flow

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Operating cash flow$198.0M-6.2%
CapEx$42.4M-41.2%
Free cash flow$155.6M+12.0%

Valuation

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Market cap$26.29B-41.6%
Enterprise value$27.04B-39.1%
P/S8.3×-8.6×

Profitability

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Gross margin76.7%-0.7pp
Operating margin-4.7%-0.1pp
Net margin-2.4%+3.7pp
FCF margin30.4%+0.1pp

Returns & leverage

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Return on equity-3.7%+2.3pp
Debt / equity0.7×+0.1×
Current ratio1.9×+0.6×

Where this comes from

Reported directly by Zscaler in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiabilityNoncurrent.

The source filing: Zscaler’s 10-Q, filed May 26, 2026.

Filed
May 26, 2026, 4:09 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001713683-26-000096
Line itemApril 30, 2026July 31, 2025
Total current liabilities2,500,9422,429,611
Convertible senior notes1,699,6361,700,727
Deferred revenue, noncurrent380,063413,609
Operating lease liabilities, noncurrent94,79743,352
Other noncurrent liabilities56,04633,316
Total liabilities4,731,4844,620,615
Commitments and contingencies (Note 12)
Stockholders’ Equity

Item 1. Financial Statements

FAQ

What is Zscaler's operating lease liabilities?
Zscaler (ZS) reported operating lease liabilities of $94.8M in Q1 2026.
How has Zscaler's operating lease liabilities changed year-over-year?
Zscaler's operating lease liabilities increased by 189.9% year-over-year, from $32.7M to $94.8M.
What is the long-term trend for Zscaler's operating lease liabilities?
Over 4 years (2021 to 2025), Zscaler's operating lease liabilities has grown at a 8.5% compound annual growth rate (CAGR), from $31.23M to $43.35M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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