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Zscaler, Inc. (ZS) Stock: Price, Forecast & Analyst Target

Zscaler, Inc. (ZS) — MoonshotScore 32/100 (Weak band), calculated Oct 5, 2026. Price $196.60 (-1.10%), as of the Oct 2, 2026 trading session; market cap $31.8B. Expected results Nov 24, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 9.15× (market value Oct 2, 2026; cash Jul 31, 2026) · expected results Nov 24, 2026

$196.60 −$2.18 (-1.10%) Market Cap $31.8B

Zscaler, Inc. · ZS · NASDAQ · Technology · Software - Infrastructure

Research dated 2026-09-12: Zscaler sells cloud-delivered security that brokers access to internet destinations and private applications, monitors digital experience, and segments workloads across clouds and data centers. Revenue has kept rising while reported operating and net results remain negative. Sustained value creation therefore depends on converting strong gross economics and cash generation into durable accounting profit without weakening product investment.

Price as of Oct 2, 2026

Key Statistics

32 of 100

MoonshotScore v2 · Zscaler (ZS)

Weak
Business Quality Average (55)
Financial Safety Strained (20)
Valuation Rich (26)
Growth Durability Growing (61)
Momentum Rising (72)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

A fragile balance sheet and a full valuation; the market is already moving on it. Business Quality: Average; Financial Safety: Strained; Valuation: Rich; Growth Durability: Growing; Momentum: Rising.

Enterprise value relative to EBITDA is the main valuation drag relative to sector peers.

  • quarterly revenue $898M (Q4 FY2026, quarter ended Jul 2026)
  • EPS beat 8 of 8
  • Altman Z 4.14 · Piotroski F 4

Holding back: balance-sheet strain, a rich price

Helping: positive momentum

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for ZS (29 recorded, newest six shown)
RecordedScoreBand
33Weak
33Weak
33Weak
33Weak
32Weak
32Weak

The score was 32 in the stored Oct 4, 2026 snapshot and remains 32 in the current publication computed Oct 5, 2026 (0); the largest pillar moves were Momentum +1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged. This current publication is not yet represented in the immutable snapshot archive.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$196.60
Change on the day-1.10%
52-week range$114.63 – $336.99
Market capitalisation$31.8B
Shares traded on the day1.79M
Beta (volatility vs the S&P 500)0.95

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $118, high $331, latest $197. 4 reported quarters marked, 4 above and 0 below the recorded estimate. 1 other dated event marked. $331 $118 high $331 Nov 25, 2025 · Earnings results · reported above the recorded estimate · close $2521Feb 26, 2026 · Earnings results · reported above the recorded estimate · close $1472May 26, 2026 · Earnings results · reported above the recorded estimate · close $1403Sep 3, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $1704Sep 3, 2026 · Earnings results · reported above the recorded estimate · close $1705 Sep 5, 2025 Oct 2, 2026 · $197 $274Sep 5, 2025$294Sep 19, 2025$305Oct 3, 2025$300Oct 17, 2025$331Oct 31, 2025$299Nov 14, 2025$252Nov 28, 2025$236Dec 12, 2025$231Dec 26, 2025$217Jan 9, 2026$210Jan 23, 2026$167Feb 6, 2026$160Feb 20, 2026$164Mar 6, 2026$151Mar 20, 2026$139Apr 2, 2026$135Apr 17, 2026$140May 1, 2026$161May 15, 2026$140May 29, 2026$130Jun 12, 2026$132Jun 26, 2026$139Jul 10, 2026$142Jul 24, 2026$169Aug 7, 2026$182Aug 21, 2026$170Sep 4, 2026$197Sep 18, 2026$197Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

Management outlook

  • For the first quarter, we expect revenue of $935 million to $939 million, approximately 19% year-over-year growth; gross margin of approximately 80%; operating profit of $215 million to $217 million, up approximately 25% to 26% year-over-year, representing a 23% operating margin; net other income of approximately $33 million; and earnings per share of approximately $1.15 to $1.16 per share, assuming a 21% tax rate and 170 million fully diluted shares.

    Kevin Rubin · Statement from

  • We expect CapEx to remain elevated during fiscal '27 due to higher component pricing, especially memory.

    Kevin Rubin · Statement from

Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Council Score · weighted blend of 2 available disciplines

Council score for Zscaler (ZS): Split View

45/100 · C

Some lenses disagree with the MoonshotScore. Compare their readings below; each uses a different method.

5-Factor Breakdown

Growth Durability Moderate
Momentum Moderate
Business Quality Neutral
Financial Safety Weak
Valuation Weak

Legends Council

6 lenses, 6 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Favorable read
Simons-style lens (simulated) Jim Simons Unfavorable read
Englander-style lens (simulated) Izzy Englander Favorable read
Klarman-style lens (simulated) Seth Klarman Neutral read
Moon AI lens (model) Neutral read

Read on: Oct 4, 2026

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Overvalued
Profit Margin Weak
Revenue Growth Strong
Debt/Equity Weak
ROE Negative
Gross Margin Strong

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

Three of these lenses read this company more favourably than the MoonshotScore does: Dalio-style lens, Griffin-style lens and Englander-style lens. Each lens is a separate scoring function over its own inputs, so a disagreement is a difference of method rather than a correction — the page's answer stays the MoonshotScore above.

On Sep 10, 2026, the Munger lens read the price at that time as overvalued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the ZS film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Zscaler (ZS), and what does it report?

Short answer · as of

Zscaler is not primarily an appliance vendor; its platform places security controls between users, devices, workloads, external destinations, and internal applications.

Research dated 2026-09-12.

Zscaler is not primarily an appliance vendor; its platform places security controls between users, devices, workloads, external destinations, and internal applications. Zscaler Internet Access governs connections to internet and software services, Zscaler Private Access governs entry to internal applications, Zscaler Digital Experience monitors the user journey, and workload products address configuration and lateral threat movement. Financial reporting combines this portfolio into a consolidated segment, so reported revenue measures the platform as a whole rather than the economics of each product family.

Sources (as of 2026-09-12): Business description; Revenue by segment; Sector / industry (provider taxonomy)

2 · Latest results

What do the latest results show for Zscaler (ZS)?

Short answer · as of

The most recent reported quarter, Q4 FY2026, carried revenue of $898M.

Research dated 2026-09-12.

Quarterly revenue and gross profit advanced throughout the displayed series. The latest reported operating and net losses narrowed sharply from the preceding period even as research and development and selling, general, and administrative spending continued to rise. Reported revenue and earnings also exceeded their respective estimates throughout the available earnings history, while the annual series shows continued expansion accompanied by a wider net loss than in the preceding fiscal period.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Reported versus estimated, last 8 quarters; Most recent periodic reports

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$898.18M Jul 31, 2026
Latest quarter · R&D
$241.48M Jul 31, 2026
Latest quarter · SG&A
$463.23M Jul 31, 2026
Latest quarter · FMP standardized operating result
−$15.49M Jul 31, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jul 31, 2026$898.18M$241.48M$463.23M−$15.49M
Apr 30, 2026$850.48M$232.28M$455.18M−$29.64M
Jan 31, 2026$815.75M$229.14M$447.13M−$51.77M
Oct 31, 2025$788.11M$200.50M$439.22M−$36.36M

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$898.18M Sep 3, 2026
Latest report · revenue estimate
$876.96M Sep 3, 2026
Latest report · revenue vs estimate
Above estimate Sep 3, 2026
Latest report · EPS vs estimate
Above estimate Sep 3, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Sep 3, 2026$898.18M$876.96M$1.1900$1.0900
May 26, 2026$850.48M$835.14M$1.0800$1.0100
Feb 26, 2026$815.75M$798.33M$1.0100$0.8940
Nov 25, 2025$788.11M$773.28M$0.9600$0.8560

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q4 FY2026$898M-$3M-$0.02 (diluted)
Q3 FY2026$850M-$14M-$0.09 (diluted)
Q2 FY2026$816M-$34M-$0.21 (diluted)
Q1 FY2026$788M-$12M-$0.07 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Zscaler (ZS)?

Short answer

Cash and short-term investments were $3.47B at the Jul 31, 2026 balance-sheet date. Operating cash flow was $279.29M for the quarter ended Jul 31, 2026, meaning operations generated cash. These figures do not establish a cash runway.

Research dated 2026-09-12.

Liquidity exceeds total debt, leaving Zscaler in a net cash position, and operating cash flow remained positive throughout the displayed quarterly history. The latest period paired stronger operating cash generation with a sharp increase in capital spending, showing why cash conversion must be judged after infrastructure investment rather than from operating cash flow alone. Strong gross margins provide room to fund development and sales, but persistent operating losses and elevated valuation ratios leave little tolerance for weaker growth or stalled cost leverage.

Sources (as of 2026-09-12): Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash against market value; Operating cash flow by quarter (USD millions); Trailing twelve-month ratio set; Distress and quality screens

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
$279.29M Jul 31, 2026
Previous quarter · operating cash flow
$198.02M Apr 30, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jul 31, 2026$279.29M−$215.24M
Apr 30, 2026$198.02M−$62.06M
Jan 31, 2026$204.07MProvider sign conflict
Oct 31, 2025$448.28M−$34.98M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Zscaler (ZS)?

Short answer · as of

The next earnings report is expected on Nov 24, 2026.

Research dated 2026-09-12.

Revenue against the published consensus, reported operating loss, and the pace of sales and administrative spending are the immediate checks on whether growth is producing leverage. Management expects continued revenue expansion and stronger profitability measures, while also saying the leadership transition will affect the earlier portion of the fiscal period. A filing covering exit or disposal costs makes execution and expense discipline especially relevant.

Sources (as of 2026-09-12): Next earnings report; Analyst revenue and earnings estimates (average); Quarterly income statement (USD thousands); Management outlook — dated call excerpts; Recent SEC filings

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. For the first quarter, we expect revenue of $935 million to $939 million, approximately 19% year-over-year growth; gross margin of approximately 80%; operating profit of $215 million to $217 million, up approximately 25% to 26% year-over-year, representing a 23% operating margin; net other income of approximately $33 million; and earnings per share of approximately $1.15 to $1.16 per share, assuming a 21% tax rate and 170 million fully diluted shares.

    Kevin Rubin ·

  2. We expect CapEx to remain elevated during fiscal '27 due to higher component pricing, especially memory.

    Kevin Rubin ·

  3. We expect free cash flow margin to be seasonally stronger in Q1 and Q4, reflecting timing of CapEx and cash collections.

    Kevin Rubin ·

  4. And finally, as we think about the shape of the transition, we expect that the leadership transition will play out in the first half of this fiscal, and that is reflected in our guidance.

    Kevin Rubin ·

5 · Peer comparison

How does Zscaler compare with its peers?

Short answer

Zscaler's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

Zscaler differs from a narrow security product vendor because the same cloud platform spans external access, private application access, digital experience monitoring, cloud posture, and workload segmentation. That breadth can deepen its role in a customer's security architecture, but consolidated segment reporting prevents investors from seeing which product family is carrying growth or profitability. Its financial shape is also distinctive: high gross margins and recurring positive operating cash flow coexist with reported accounting losses and substantial ongoing research investment.

Sources (as of 2026-09-12): Business description; Revenue by segment; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Operating cash flow by quarter (USD millions); Trailing twelve-month ratio set

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Fortinet, Inc. (FTNT) Named competitor$183.21 Oct 5, 2026$133B93 5-pillar Oct 5, 2026
Okta, Inc. (OKTA) Same industry, near in market value$216.52 Oct 5, 2026$35.1B90 5-pillar Oct 5, 2026
Monolithic Power Systems, Inc. (MPWR) Named competitor$1441.13 Oct 5, 2026$70.7B83 5-pillar Oct 5, 2026
F5, Inc. (FFIV) Same industry, near in market value$457.97 Oct 5, 2026$25.6B81 5-pillar Oct 5, 2026
Western Digital Corporation (WDC) Named competitor$441.65 Oct 5, 2026$143B80 5-pillar Oct 5, 2026
Toast, Inc. (TOST) Same industry, near in market value$29.96 Oct 5, 2026$17.3B79 5-pillar Oct 5, 2026
MongoDB, Inc. (MDB) Same industry, near in market value$356.43 Oct 5, 2026$28.8B74 5-pillar Oct 5, 2026
Samsara Inc. (IOT) Same industry, near in market value$42.53 Oct 5, 2026$23.7B73 5-pillar Oct 5, 2026
Block, Inc. (XYZ) Same industry, near in market value$76.06 Oct 5, 2026$44.2B68 5-pillar Oct 5, 2026
Nutanix, Inc. (NTNX) Same industry, near in market value$73.49 Oct 5, 2026$19.5B68 5-pillar Oct 5, 2026
Joint Stock Company Kaspi.kz (KSPI) Same industry, near in market value$94.26 Oct 5, 2026$17.9B68 5-pillar Oct 5, 2026
NXP Semiconductors N.V. (NXPI) Named competitor$241.48 Oct 5, 2026$61.4B66 5-pillar Oct 5, 2026
Zscaler (ZS) — this page$196.60$31.8B32

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Technology stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$150.00 – $298.00
Consensus target
$201.25
Median target
$205.00

Consensus record · Captured .

Measured against a quoted price of $196.60 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 25, 2026

Transactions
46
Identified insiders
6
Purchases
0
Sales
44
Other transactions
2

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
51.5% Period end Jun 30, 2026
Previous quarter · ownership
55.0% Prior to period end Jun 30, 2026
Reporting holders
841 Period end Jun 30, 2026
Previous quarter · holders
823 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Blackrock, INC.9,890,384
Vanguard Portfolio Management LLC6,196,726
Vanguard Capital Management LLC4,721,393
First Trust Advisors LP3,529,213
Goldman Sachs Group INC3,161,548

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

Zscaler Technology Stock: Key Questions Answered

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.

How do Zscaler Internet Access and Zscaler Private Access differ?

Zscaler Internet Access secures connections to external destinations such as internet services and hosted applications. Zscaler Private Access controls entry to internal applications located in clouds or traditional data centers.

Sources (as of 2026-09-12): Business description

Is Zscaler generating cash despite reporting a net loss?

Operating cash flow remained positive throughout the displayed periods even as reported net results stayed negative. Capital spending, which rose sharply in the latest period, determines how much of that operating cash remains after infrastructure investment.

Sources (as of 2026-09-12): Operating cash flow by quarter (USD millions); Quarterly income statement (USD thousands); Annual revenue and net result (USD millions)

What does elevated component pricing mean for Zscaler?

Management expects capital spending to remain elevated because of higher component pricing, especially for memory. That pressure can reduce free cash flow even when operating cash generation remains healthy.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Operating cash flow by quarter (USD millions)

Does Zscaler disclose revenue for ZIA, ZPA, and ZDX separately?

Zscaler reports a consolidated segment, so investors cannot isolate the revenue contribution of those product families from the segment disclosure.

Sources (as of 2026-09-12): Business description; Revenue by segment

What is the ZS stock price today?

The last price recorded on this page for Zscaler, Inc. (ZS) is $196.60, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the ZS price target?

The analyst consensus price target for Zscaler, Inc. (ZS) is $201.25 (range $150.00 to $298.00, median $205.00), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Legal name; Business description; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Operating cash flow by quarter (USD millions); Trailing twelve-month ratio set

Sources — records for every figure on this page (83 figures)

The 83 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsKevin Rubin (Sep 3, 2026): For the first quarter, we expect revenue of $935 million to $939 million, approximately 19% year-over-year growth; gross margin of approximately 80%; operating profit of $215 million to $217 million, up approximately 25% to 26% year-over-year, representing a 23% operating margin; net other income of approximately $33 million; and earnings per share of approximately $1.15 to $1.16 per share, assuming a 21% tax rate and 170 million fully diluted shares. Kevin Rubin (Sep 3, 2026): We expect CapEx to remain elevated during fiscal '27 due to higher component pricing, especially memory. Kevin Rubin (Sep 3, 2026): We expect free cash flow margin to be seasonally stronger in Q1 and Q4, reflecting timing of CapEx and cash collections. Kevin Rubin (Sep 3, 2026): And finally, as we think about the shape of the transition, we expect that the leadership transition will play out in the first half of this fiscal, and that is reflected in our guidance.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressSAN Jose, CAOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "120 Holger Way, San Jose, CA, 95134, US".

FMP — 72 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateNov 24, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
px.lastLatest provided price$196.60FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T02:34:26.865Z.
px.changeChange on the day-1.10%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$31.8BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:01.000Z. Captured from FMP at 2026-10-05T02:34:25.170Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars−$2.18FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q4 FY2026$898MFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.volumeShares traded on the day1.79MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.95FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveJagtar Singh ChaudhryFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.founderFounder named in the filingK. Kailash — Founder & Chief ArchitectFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees8,700FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2022 through FY2026: FY2022 revenue $1.09B, net result −$390.28M; FY2023 revenue $1.62B, net result −$202.33M; FY2024 revenue $2.17B, net result −$57.71M; FY2025 revenue $2.67B, net result −$41.48M; FY2026 revenue $3.35B, net result −$63.18MFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsReportable Segment $3.35BFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)76.8%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-07-31.revenue_kRevenue — period end 2026-07-31$898.18MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-07-31.rd_kR&D — period end 2026-07-31$241.48MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-07-31.sga_kSG&A — period end 2026-07-31$463.23MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-07-31.operating_result_kFMP standardized operating result — period end 2026-07-31−$15.49MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-04-30.revenue_kRevenue — period end 2026-04-30$850.48MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-04-30.rd_kR&D — period end 2026-04-30$232.28MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-04-30.sga_kSG&A — period end 2026-04-30$455.18MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-04-30.operating_result_kFMP standardized operating result — period end 2026-04-30−$29.64MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-01-31.revenue_kRevenue — period end 2026-01-31$815.75MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-01-31.rd_kR&D — period end 2026-01-31$229.14MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-01-31.sga_kSG&A — period end 2026-01-31$447.13MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-01-31.operating_result_kFMP standardized operating result — period end 2026-01-31−$51.77MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-10-31.revenue_kRevenue — period end 2025-10-31$788.11MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-10-31.rd_kR&D — period end 2025-10-31$200.50MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-10-31.sga_kSG&A — period end 2025-10-31$439.22MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-10-31.operating_result_kFMP standardized operating result — period end 2025-10-31−$36.36MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-09-03.revenue_actualRevenue · reported — report date 2026-09-03$898.18MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-09-03.revenue_estimatedRevenue · estimate — report date 2026-09-03$876.96MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-09-03.eps_actualEPS · reported — report date 2026-09-03$1.1900Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-09-03.eps_estimatedEPS · estimate — report date 2026-09-03$1.0900Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-26.revenue_actualRevenue · reported — report date 2026-05-26$850.48MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-26.revenue_estimatedRevenue · estimate — report date 2026-05-26$835.14MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-26.eps_actualEPS · reported — report date 2026-05-26$1.0800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-26.eps_estimatedEPS · estimate — report date 2026-05-26$1.0100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-26.revenue_actualRevenue · reported — report date 2026-02-26$815.75MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-26.revenue_estimatedRevenue · estimate — report date 2026-02-26$798.33MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-26.eps_actualEPS · reported — report date 2026-02-26$1.0100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-26.eps_estimatedEPS · estimate — report date 2026-02-26$0.8940Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-25.revenue_actualRevenue · reported — report date 2025-11-25$788.11MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-25.revenue_estimatedRevenue · estimate — report date 2025-11-25$773.28MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-25.eps_actualEPS · reported — report date 2025-11-25$0.9600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-25.eps_estimatedEPS · estimate — report date 2025-11-25$0.8560Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q4 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$3.47BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow$279.29MFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-07-31. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$1.86BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value12.12×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-07-31.operating_cash_flow_mOperating cash flow — period end 2026-07-31$279.29MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-04-30.operating_cash_flow_mOperating cash flow — period end 2026-04-30$198.02MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-07-31.capex_mCapital expenditure (reported) — period end 2026-07-31−$215.24MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-04-30.capex_mCapital expenditure (reported) — period end 2026-04-30−$62.06MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-01-31.operating_cash_flow_mOperating cash flow — period end 2026-01-31$204.07MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-10-31.operating_cash_flow_mOperating cash flow — period end 2025-10-31$448.28MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-10-31.capex_mCapital expenditure (reported) — period end 2025-10-31−$34.98MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$150.00 – $298.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$201.25FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$205.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP46 transactions · 0 purchases, 44 sales, 2 other transactions · 6 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 25, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership51.5%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership55.0%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders841FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders823FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesBlackrock, INC. — shares in provider snapshot9,890,384FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesVanguard Portfolio Management LLC — shares in provider snapshot6,196,726FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesVanguard Capital Management LLC — shares in provider snapshot4,721,393FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesFirst Trust Advisors LP — shares in provider snapshot3,529,213FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesGoldman Sachs Group INC — shares in provider snapshot3,161,548FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 3 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 8 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-04
fin.scoresDistress and quality screensAltman Z 4.14 · Piotroski F 4UNRECORDEDStored financial-scores observation — Captured 2026-10-04 · Expired observation
px.range5252-week range$114.63 – $336.99UNRECORDEDStored company-profile observation — Captured 2026-10-04

COMPUTED — 3 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments9.15×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $3.47B at Jul 31, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-07-31. The inputs do not establish a single common source date for this ratio.
earn.history.depth.2026-09-03.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($898.18M) with the recorded estimate ($876.96M) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-09-03.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($1.1900) with the recorded estimate ($1.0900) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 3 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v232 of 100 · Weak · pillars 55 / 20 / 26 / 61 / 72OURSStock Expert AI MoonshotScore v2 engine
ours.valuation_driverRecorded valuation score driverEnterprise value relative to EBITDA is the main valuation drag relative to sector peers.OURSStock Expert AI MoonshotScore v2 engine · stored factor contributions
ours.moonshot_changeMoonshotScore movement32 (stored snapshot Oct 4, 2026) → 32 (current publication computed Oct 5, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots — The current score publication is not yet represented in the immutable snapshot archive.

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-07-31. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-07-31.revenue_k, fin.q_table.depth.2026-07-31.rd_k, fin.q_table.depth.2026-07-31.sga_k, fin.q_table.depth.2026-07-31.operating_result_k, fin.q_table.depth.2026-04-30.revenue_k, fin.q_table.depth.2026-04-30.rd_k, fin.q_table.depth.2026-04-30.sga_k, fin.q_table.depth.2026-04-30.operating_result_k, fin.q_table.depth.2026-01-31.revenue_k, fin.q_table.depth.2026-01-31.rd_k, fin.q_table.depth.2026-01-31.sga_k, fin.q_table.depth.2026-01-31.operating_result_k, fin.q_table.depth.2025-10-31.revenue_k, fin.q_table.depth.2025-10-31.rd_k, fin.q_table.depth.2025-10-31.sga_k, fin.q_table.depth.2025-10-31.operating_result_k.
  2. Earnings-history note. Source series as of 2026-09-03. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-09-03.revenue_actual, earn.history.depth.2026-09-03.revenue_estimated, earn.history.depth.2026-09-03.revenue_actual.comparison, earn.history.depth.2026-09-03.eps_actual.comparison, earn.history.depth.2026-09-03.eps_actual, earn.history.depth.2026-09-03.eps_estimated, earn.history.depth.2026-05-26.revenue_actual, earn.history.depth.2026-05-26.revenue_estimated, earn.history.depth.2026-05-26.eps_actual, earn.history.depth.2026-05-26.eps_estimated, earn.history.depth.2026-02-26.revenue_actual, earn.history.depth.2026-02-26.revenue_estimated, earn.history.depth.2026-02-26.eps_actual, earn.history.depth.2026-02-26.eps_estimated, earn.history.depth.2025-11-25.revenue_actual, earn.history.depth.2025-11-25.revenue_estimated, earn.history.depth.2025-11-25.eps_actual, earn.history.depth.2025-11-25.eps_estimated.
  3. Cash-flow note. Source series as of 2026-07-31. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-07-31.operating_cash_flow_m, fin.opcf.depth.2026-04-30.operating_cash_flow_m, fin.opcf.depth.2026-07-31.capex_m, fin.opcf.depth.2026-04-30.capex_m, fin.opcf.depth.2026-01-31.operating_cash_flow_m, fin.opcf.depth.2025-10-31.operating_cash_flow_m, fin.opcf.depth.2025-10-31.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Legal name
Zscaler, Inc.
2026-09-03OFFICIALSEC EDGAR — 10-K filed 2026-09-03
Business description
Globally recognized, Zscaler, Inc. functions as a leading provider of cloud-based security solutions. Its core offerings include Zscaler Internet Access (ZIA), which ensures secure connectivity for a diverse range of entities – including users, servers, operational technology (OT), and IoT devices – when accessing external resources like software-as-a-service (SaaS) applications and general internet destinations. Complementing this, the Zscaler Private Access (ZPA) solution facilitates secure entry to internal applications residing in private or public clouds and traditional data centers. Zscaler also delivers Zscaler Digital Experience (ZDX), a tool that assesses the complete user journey across various business applications. ZDX then generates a clear, digestible digital experience score for individual users, specific applications, and different locations within an organization. Furthermore, the company's portfolio extends to advanced workload segmentation solutions. This category includes Zscaler Cloud Security Posture Management (CSPM), designed to identify and correct application misconfigurations across SaaS, IaaS, and PaaS environments, thereby minimizing risk and upholding compliance standards. Another key offering is Zscaler Cloud Workload Segmentation, specifically engineered to fortify application-to-application communication within public clouds and data centers. Its objective is to thwart lateral threat propagation, safeguard applications from compromise, and ultimately mitigate the potential for data breaches. The underlying platform is built upon integral components such as the Zscaler Central Authority, Zscaler Enforcement Nodes, and Zscaler Log Servers. Serving a diverse global clientele, Zscaler caters to numerous sectors including aviation and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, as well as technology and telecommunications. Founded in 2007, the company initially operated as SafeChannel, Inc., before rebranding to Zscaler, Inc. in August 2008. Its corporate headquarters are located in San Jose, California.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-07-31 — EPS: -$0.02 per share, R&D: $241.48M, SG&A: $463.23M, EPS basic: -$0.02 per share, EPS basis: diluted, Revenue: $898.18M, EPS diluted: -$0.02 per share, Net result: -$3.37M, Gross profit: $689.22M, Operating result: -$15.49M
  • Quarter ended 2026-04-30 — EPS: -$0.09 per share, R&D: $232.28M, SG&A: $455.18M, EPS basic: -$0.09 per share, EPS basis: diluted, Revenue: $850.48M, EPS diluted: -$0.09 per share, Net result: -$13.88M, Gross profit: $657.82M, Operating result: -$29.64M
  • Quarter ended 2026-01-31 — EPS: -$0.21 per share, R&D: $229.14M, SG&A: $447.13M, EPS basic: -$0.21 per share, EPS basis: diluted, Revenue: $815.75M, EPS diluted: -$0.21 per share, Net result: -$34.31M, Gross profit: $624.49M, Operating result: -$51.77M
  • Quarter ended 2025-10-31 — EPS: -$0.07 per share, R&D: $200.50M, SG&A: $439.22M, EPS basic: -$0.07 per share, EPS basis: diluted, Revenue: $788.11M, EPS diluted: -$0.07 per share, Net result: -$11.62M, Gross profit: $603.36M, Operating result: -$36.36M
  • Quarter ended 2025-07-31 — EPS: -$0.11 per share, R&D: $177.61M, SG&A: $401.62M, EPS basic: -$0.11 per share, EPS basis: diluted, Revenue: $719.23M, EPS diluted: -$0.11 per share, Net result: -$17.58M, Gross profit: $547.62M, Operating result: -$32.24M
  • Quarter ended 2025-04-30 — EPS: -$0.0266 per share, R&D: $169.29M, SG&A: $375.31M, EPS basic: -$0.0266 per share, EPS basis: diluted, Revenue: $678.03M, EPS diluted: -$0.0266 per share, Net result: -$4.13M, Gross profit: $522.18M, Operating result: -$22.43M
  • Quarter ended 2025-01-31 — EPS: -$0.0503 per share, R&D: $170.51M, SG&A: $365.96M, EPS basic: -$0.0503 per share, EPS basis: diluted, Revenue: $647.90M, EPS diluted: -$0.0503 per share, Net result: -$7.72M, Gross profit: $499.49M, Operating result: -$36.99M
  • Quarter ended 2024-10-31 — EPS: -$0.079 per share, R&D: $154.28M, SG&A: $363.25M, EPS basic: -$0.079 per share, EPS basis: diluted, Revenue: $627.96M, EPS diluted: -$0.079 per share, Net result: -$12.05M, Gross profit: $485.65M, Operating result: -$31.88M
2026-07-31FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2026 — R&D: $903.40M, Revenue: $3.35B, Period end: 2026-07-31, Net result: -$63.18M
  • FY2025 — R&D: $672.49M, Revenue: $2.67B, Period end: 2025-07-31, Net result: -$41.48M
  • FY2024 — R&D: $499.75M, Revenue: $2.17B, Period end: 2024-07-31, Net result: -$57.71M
  • FY2023 — R&D: $347.52M, Revenue: $1.62B, Period end: 2023-07-31, Net result: -$202.33M
  • FY2022 — R&D: $288.81M, Revenue: $1.09B, Period end: 2022-07-31, Net result: -$390.28M
2026-07-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-07-31 — Capital expenditure: -$215.24M, Operating cash flow: $279.29M
  • Quarter ended 2026-04-30 — Capital expenditure: -$62.06M, Operating cash flow: $198.02M
  • Quarter ended 2026-01-31 — Capital expenditure: $34.98M, Operating cash flow: $204.07M
  • Quarter ended 2025-10-31 — Capital expenditure: -$34.98M, Operating cash flow: $448.28M
  • Quarter ended 2025-07-31 — Capital expenditure: -$78.68M, Operating cash flow: $250.60M
  • Quarter ended 2025-04-30 — Capital expenditure: -$91.62M, Operating cash flow: $211.08M
  • Quarter ended 2025-01-31 — Capital expenditure: -$36.01M, Operating cash flow: $179.43M
  • Quarter ended 2024-10-31 — Capital expenditure: -$39.45M, Operating cash flow: $331.34M
2026-07-31FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Trailing twelve-month ratio set
Quick ratio: 1.7; Current ratio: 1.7; Debt to equity: 0.71; Net margin: -1.9%; Gross margin: 76.8%; Operating margin: -4%; Return on assets: -0.8%; Return on equity: -2.8%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Revenue by segment
Reportable Segment: $3.35B
2026-07-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Sector / industry (provider taxonomy)
Technology / Software - Infrastructure

The company's SEC filings classify it under SIC 7371 — Services-Computer Programming Services.

2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-09-03 — EPS actual: $1.19 per share, EPS estimated: $1.09 per share, Revenue actual: $898.18M, Revenue estimated: $876.96M
  • Reported 2026-05-26 — EPS actual: $1.08 per share, EPS estimated: $1.01 per share, Revenue actual: $850.48M, Revenue estimated: $835.14M
  • Reported 2026-02-26 — EPS actual: $1.01 per share, EPS estimated: $0.894 per share, Revenue actual: $815.75M, Revenue estimated: $798.33M
  • Reported 2025-11-25 — EPS actual: $0.96 per share, EPS estimated: $0.856 per share, Revenue actual: $788.11M, Revenue estimated: $773.28M
  • Reported 2025-09-02 — EPS actual: $0.89 per share, EPS estimated: $0.8 per share, Revenue actual: $719.23M, Revenue estimated: $706.94M
  • Reported 2025-05-29 — EPS actual: $0.84 per share, EPS estimated: $0.752 per share, Revenue actual: $678.03M, Revenue estimated: $666.46M
  • Reported 2025-03-05 — EPS actual: $0.78 per share, EPS estimated: $0.687 per share, Revenue actual: $647.90M, Revenue estimated: $634.38M
  • Reported 2024-12-02 — EPS actual: $0.77 per share, EPS estimated: $0.63 per share, Revenue actual: $627.96M, Revenue estimated: $605.51M
2026-09-03FMPFinancial Modeling Prep (FMP) earnings
Most recent periodic reports2026-09-03OFFICIALSEC EDGAR filer submissions
Cash, investments and debt
Total debt: $1.86B; Liquidity basis: cash and short-term investments; Total liabilities: $5.27B; Cash and short-term investments: $3.47B; Cash and investments: $3.47B; Long-term investments: $0; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-07-31FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and investment components
Total basis: cash short and long-term investments; Total: $3.47B; Cash and short-term investments: $3.47B; Long-term investments: $0; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-07-31COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-07-31 — Amount: $3.47B, Cash basis: cash and short-term investments
  • 2026-04-30 — Amount: $3.54B, Cash basis: cash and short-term investments
  • 2026-01-31 — Amount: $3.51B, Cash basis: cash and short-term investments
  • 2025-10-31 — Amount: $3.32B, Cash basis: cash and short-term investments
  • 2025-07-31 — Amount: $3.57B, Cash basis: cash and short-term investments
  • 2025-04-30 — Amount: $3.01B, Cash basis: cash and short-term investments
  • 2025-01-31 — Amount: $2.88B, Cash basis: cash and short-term investments
  • 2024-10-31 — Amount: $2.71B, Cash basis: cash and short-term investments
2026-07-31FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash against market value
As of: 2026-07-31; Cash basis: cash and short-term investments; Net cash: $1.62B; Total debt: $1.86B; Cash and investments: $3.47B

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-07-31COMPUTEDComputed from the balance sheet and the latest market capitalization
Distress and quality screens
Altman Z-score: 3.54; Piotroski F-score: 4

Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading.

2026-09-12FMPFinancial Modeling Prep (FMP) financial scores
Next earnings report
Date: 2026-11-24; EPS estimate: $1.15 per share; Revenue estimate: $937.70M

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2028 — EPS average: $5.6 per share, Revenue average: $4.57B, Revenue low: $4.49B, Revenue high: $4.67B, Analysts (revenue): 30
  • FY2029 — EPS average: $6.5 per share, Revenue average: $5.28B, Revenue low: $5.12B, Revenue high: $5.42B, Analysts (revenue): 17
  • FY2030 — EPS average: $7.09 per share, Revenue average: $6.14B, Revenue low: $6.03B, Revenue high: $6.32B, Analysts (revenue): 10
  • FY2031 — EPS average: $10.45 per share, Revenue average: $7.07B, Revenue low: $6.95B, Revenue high: $7.28B, Analysts (revenue): 13
2026-09-12FMPFinancial Modeling Prep (FMP) analyst estimates
Management outlook — dated call excerpts
Captured record · 4 entries
  • Call of 2026-09-03 — Quote: For the first quarter, we expect revenue of $935 million to $939 million, approximately 19% year-over-year growth; gross margin of approximately 80%; operating profit of $215 million to $217 million, up approximately 25% to 26% year-over-year, representing a 23% operating margin; net other income of approximately $33 million; and earnings per share of approximately $1.15 to $1.16 per share, assuming a 21% tax rate and 170 million fully diluted shares., Speaker: Kevin Rubin
  • Call of 2026-09-03 — Quote: We expect CapEx to remain elevated during fiscal '27 due to higher component pricing, especially memory., Speaker: Kevin Rubin
  • Call of 2026-09-03 — Quote: We expect free cash flow margin to be seasonally stronger in Q1 and Q4, reflecting timing of CapEx and cash collections., Speaker: Kevin Rubin
  • Call of 2026-09-03 — Quote: And finally, as we think about the shape of the transition, we expect that the leadership transition will play out in the first half of this fiscal, and that is reflected in our guidance., Speaker: Kevin Rubin

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-09-03OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Recent SEC filings2026-09-03OFFICIALSEC EDGAR filer submissions
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold ZS

Funds in our ETF coverage that list ZS among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
American Century Mid Cap Growth Impact ETF (MID)3.64%