What is Zscaler's R&D?

Zscaler (ZS) reported R&D of $232.28M in Q1 2026.

How has Zscaler's R&D changed year-over-year?

Zscaler's R&D increased by 36.8% year-over-year, from $169.77M to $232.28M.

What is the long-term trend for Zscaler's R&D?

Over 4 years (2021 to 2025), Zscaler's R&D has grown at a 40.1% compound annual growth rate (CAGR), from $174.65M to $672.49M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Zscaler ZS R&D

R&D at other companies

Cisco Systems, Inc.CSCO

$2.38B+1.8%

VirnetX Holding Corp VHC

$1.16M-7.7%

FortinetFTNT

$214M+7.8%

Palo Alto Networks, Inc.PANW

$734M+48.6%

Cloudflare, Inc.NET

$150.97M+31.2%

CrowdStrike Holdings, Inc.CRWD

$408.33M+23.4%

Segments

By segment

See full

Reportable Segment$143.5M+35.4%

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

See full

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

See full

Operating cash flow$198.0M-6.2%

CapEx$42.4M-41.2%

Free cash flow$155.6M+12.0%

Valuation

See full

Market cap$22.83B-51.2%

Enterprise value$23.57B-48.9%

P/S7.2×-11.2×

Profitability

See full

Gross margin76.7%-0.7pp

Operating margin-4.7%-0.1pp

Net margin-2.4%+3.7pp

FCF margin30.4%+0.1pp

Returns & leverage

See full

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:ResearchAndDevelopmentExpense.

The official record: Zscaler’s 10-Q, filed May 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zscaler's R&D?: Zscaler (ZS) reported R&D of $232.28M in Q1 2026.
How has Zscaler's R&D changed year-over-year?: Zscaler's R&D increased by 36.8% year-over-year, from $169.77M to $232.28M.
What is the long-term trend for Zscaler's R&D?: Over 4 years (2021 to 2025), Zscaler's R&D has grown at a 40.1% compound annual growth rate (CAGR), from $174.65M to $672.49M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.