ZS — Stock Film
STOCK FILMSCENE 1/10ZS · $165
Stock Expert AI presents
ZS
Zscaler, Inc
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Zscaler, Inc. What it actually does.

Provides Zscaler Internet Access (ZIA) for secure access to external applications and the internet. Now — the numbers.

on the stock market since 2018
8,700 employees
$27B market value
Revenue last year:
$3.4B
The loss that same year:
$63.2M
Sales don’t cover the costs; the gap drains from the cash pile every year.

The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.

THE SALES TREND
Sales are growing, year after year.

Average growth of 32% a year over the last 4 years. Red columns mark years that ended in a loss.

$1.1B
2022
2023
2024
2025
$3.4B
2026
In the vault right now:
$3.5B
DEBT: $1.9B
At this pace, that money lasts about 55 years.

At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.

INSIDE THE REPORT CARD

We compared this company with its own sector across five subjects.

A score of 50 means class average.

BUSINESS QUALITY
55
average

Profit indicators sit around the sector average.

FINANCIAL STRENGTH
19
very weak

Clearly below the class average.

VALUATION
27
very weak

Clearly below the class average.

GROWTH
62
average

There is growth, but not at top-of-the-class tempo.

PRICE MOMENTUM
56
average

The price is looking for direction — no strong breakout, no collapse.

WORTH WATCHING

Financial Strength: The cash-and-debt balance is thin; the buffer for hard times is slim.

Valuation: The stock trades at a price that looks expensive next to its earnings; that can cap future returns.

THE FIVE-YEAR JOURNEY
Below the peak, but no collapse.

The stock trades 55% below its peak. The market has trimmed its expectations for the company.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 4 years, sales grew about 32% a year on average.

2
THE BRIGHT SIDE · 2/3
Sales are holding up

The company sells $3.4B a year; the problem isn’t sales — it’s costs running above that number.

3
THE BRIGHT SIDE · 3/3
Delivers on expectations

It met or beat analyst expectations in 8 of the last 8 quarters — consistency is a promise kept.

1
THE RISKS · 1/2
The losses continue

A loss of $63.2M against $3.4B in annual sales.

2
THE RISKS · 2/2
Executives lean toward selling

Over the last 12 months, executives reported 47 sells against just 10 buys. Not an alarm bell by itself, but a number worth watching.

FINALE · THE GRADE
D
32 / 100 · MoonshotScore

On our five-subject report card, ZS sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”

The takeaway: ZS has solid sales but closed last year at a loss. The road back to profit runs through spending discipline.

The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.

Analysts’ average target sits above today’s price, yet the valuation grade (27/100) says the stock isn’t cheap.

What would you like to do next?
Open the stock page →

Not covered, because the filings we hold do not carry it: the revenue breakdown.

This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film