11 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | $3.4B | -$63M | 76.8% | -4.0% | -2.4% | -0.8% | $852M | — | $928M |
| 2025 | $2.7B | -$41M | 76.9% | -4.8% | -2.3% | -0.6% | $808M | — | $2.4B |
| 2024 | $2.2B | -$58M | 78.0% | -5.6% | -4.5% | -1.2% | $635M | $1.1B | $1.4B |
| 2023 | $1.6B | -$202M | 77.6% | -14.5% | -27.9% | -5.6% | $365M | $1.1B | $1.3B |
| 2022 | $1.1B | -$390M | 77.8% | -30.0% | -68.1% | -13.8% | $253M | $969M | $1.0B |
| 2021 | $673M | -$262M | 77.7% | -30.9% | -49.5% | -11.6% | $154M | $914M | $276M |
| 2020 | $431M | -$115M | 77.8% | -26.4% | -23.7% | -6.3% | $36M | $862M | $142M |
| 2019 | $303M | -$29M | 80.3% | -11.7% | -9.3% | -4.7% | $33M | — | $78M |
| 2018 | $190M | -$34M | 80.1% | -18.2% | -14.0% | -7.5% | $4M | — | $136M |
| 2017 | $126M | -$35M | 78.1% | -27.9% | 23.5% | -19.4% | -$14M | — | $88M |
| 2016 | $80M | -$27M | 74.9% | -33.4% | 22.0% | — | -$17M | — | $93M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jul '26 | $898M | -$3M | 76.7% | -1.7% | -0.1% | -0.0% | $79M | — | $928M |
| Apr '26 | $850M | -$14M | 77.3% | -3.5% | -0.6% | -0.2% | $156M | — | $982M |
| Jan '26 | $816M | -$34M | 76.6% | -6.3% | -1.6% | -0.5% | $186M | — | $1.2B |
| Oct '25 | $788M | -$12M | 76.6% | -4.6% | -0.6% | -0.2% | $431M | — | $1.3B |
| Jul '25 | $719M | -$18M | 76.1% | -4.5% | -1.0% | -0.3% | $191M | — | $2.4B |
| Apr '25 | $678M | -$4M | 77.0% | -3.7% | -0.2% | -0.1% | $139M | $1.1B | $2.0B |
| Jan '25 | $648M | -$8M | 77.1% | -6.2% | -0.5% | -0.2% | $164M | $1.1B | $1.8B |
| Oct '24 | $628M | -$12M | 77.5% | -4.9% | -0.8% | -0.3% | $314M | $1.1B | $1.6B |
| Jul '24 | $593M | -$15M | 78.0% | -4.5% | -1.2% | -0.3% | $154M | $1.1B | $1.4B |
| Apr '24 | $553M | $19M | 78.6% | -0.5% | 1.7% | 0.5% | $138M | $1.1B | $1.3B |
| Jan '24 | $525M | -$28M | 77.7% | -8.7% | -3.0% | -0.7% | $111M | $1.1B | $1.4B |
| Oct '23 | $497M | -$33M | 77.6% | -9.3% | -4.1% | -0.9% | $232M | $1.1B | $1.4B |
| Jul '23 | $455M | -$31M | 77.4% | -9.8% | -4.2% | -0.9% | $109M | $1.1B | $1.3B |
| Apr '23 | $419M | -$46M | 77.1% | -13.3% | -7.7% | -1.4% | $82M | $1.1B | $1.3B |
| Jan '23 | $388M | -$57M | 77.4% | -16.8% | -10.9% | -1.9% | $71M | $1.1B | $1.3B |
| Oct '22 | $356M | -$68M | 78.4% | -19.4% | -15.8% | -2.4% | $103M | $1.1B | $1.1B |
| Jul '22 | $318M | -$98M | 78.5% | -25.9% | -17.0% | -3.4% | $82M | $969M | $1.0B |
| Apr '22 | $287M | -$101M | 77.7% | -30.2% | -19.1% | -4.0% | $50M | $955M | $595M |
| Jan '22 | $256M | -$100M | 77.4% | -32.8% | -18.6% | -4.1% | $34M | $941M | $410M |
| Oct '21 | $231M | -$91M | 77.4% | -32.3% | -17.1% | -4.0% | $87M | $927M | $372M |
How the market has priced ZS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Zscaler's revenue has grown 37.9% per year. These are computed facts, not advice.
As of FY2026, Zscaler reported — of total debt against $928M of cash; operating income covered interest expense -11.3×.
In FY2026, gross margin was 76.8%, operating margin -4.0%, and net margin -1.9%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.