What is Zscaler's stock-based comp?

Zscaler (ZS) reported stock-based comp of $205.19M in Q1 2026.

How has Zscaler's stock-based comp changed year-over-year?

Zscaler's stock-based comp increased by 28.7% year-over-year, from $159.4M to $205.19M.

What is the long-term trend for Zscaler's stock-based comp?

Over 4 years (2021 to 2025), Zscaler's stock-based comp has grown at a 26.5% compound annual growth rate (CAGR), from $258.54M to $661.35M.

What does stock-based comp mean?

Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

Zscaler ZS Stock-Based Comp

Stock-Based Comp at other companies

Cisco Systems, Inc.CSCO

$914M-3.3%

VirnetX Holding Corp VHC

$739K+71.5%

FortinetFTNT

$72.5M+9.7%

Palo Alto Networks, Inc.PANW

$643M+97.2%

Cloudflare, Inc.NET

$114.24M+19.6%

CrowdStrike Holdings, Inc.CRWD

$297.7M+20.2%

Other financials

Income statement

See full

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$23.79B-51.6%

Enterprise value$24.54B-49.2%

P/S7.5×-11.8×

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:ShareBasedCompensation.

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

Ask your AI about Zscaler's stock-based comp.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Zscaler's stock-based comp?: Zscaler (ZS) reported stock-based comp of $205.19M in Q1 2026.
How has Zscaler's stock-based comp changed year-over-year?: Zscaler's stock-based comp increased by 28.7% year-over-year, from $159.4M to $205.19M.
What is the long-term trend for Zscaler's stock-based comp?: Over 4 years (2021 to 2025), Zscaler's stock-based comp has grown at a 26.5% compound annual growth rate (CAGR), from $258.54M to $661.35M.
What does stock-based comp mean?: Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.