Zscaler, Inc.(ZS) Stock Research - Grey Stern Research
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Zscaler, Inc. (ZS) Stock Analysis

$217.05 (0.68%)

ZS Financial Performance


Use the table below to view Zscaler, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2025

Metric Value Ranking among Peers
Price $215.58 -
52 Week Low $153.45 -
52 Week High $217.84 -
Market Cap $33.4 Billion 6/10
Gross Margin 77% 5/10
Profit Margin -1% 8/10
EBITDA margin -8% 8/10
Q2 - 2025 Revenue $647.9 Million 7/10
Q2 - 2025 Earnings -$7.7 Million 8/10
Q2 - 2025 Free Cash Flow $179.4 Million 7/10
Trailing 4 Quarters Revenue $2.4 Billion 7/10
Trailing 4 Quarters Earnings -$15.5 Million 6/10
Quarterly Earnings Growth 73% 4/10
Annual Earnings Growth 88% 2/10
Quarterly Revenue Growth 23% 4/10
Annual Revenue Growth 20% 4/10
Cash On Hand $1.8 Billion 5/10
Short Term Debt $49.9 Million 3/10
Long Term Debt $1.2 Billion 3/10

Zscaler, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Zscaler, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE -1.00 6/10
PS 13.77 5/10
PB 20.75 5/10
PC 18.97 8/10
Liabilities to Equity 2.11 4/10
ROA 0.00 5/10
ROE -0.01 6/10
Current Ratio 1.47 7/10
Quick Ratio 0.85 4/10
Long Term Debt to Equity 0.74 3/10
Debt to Equity 0.77 3/10
Burn Rate 25.96 2/10
Cash to Cap 0.05 3/10
CCR -23.23 8/10
EV to EBITDA -646.05 7/10
EV to Revenue 13.56 5/10

Company Details

Zscaler, Inc. operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds. It also offers Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy to understand digital experience score for each user, application, and location within an enterprise. In addition, the company provides workload segmentation solutions comprising Zscaler Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and platform as a service to reduce risk and ensure compliance with industry and organizational benchmarks; and Zscaler Cloud Workload Segmentation, which is designed to secure application-to-application communications inside public clouds and data centers to stop lateral threat movement, as well as prevents application compromise and reduces the risk of data breaches. Its platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. It serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.

CEO: Mr. Jagtar Chaudhry

Website: https://www.zscaler.com

Address: 110 Rose Orchard Way San Jose, CALIFORNIA

Exchange: NASDAQ Global Select

Industry: Software—Infrastructure

Zscaler, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Zscaler, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Adobe Inc. ADBE $156.7 Billion
Splunk Inc. SPLK $26.4 Billion
Okta, Inc. OKTA $17.1 Billion
Palo Alto Networks, Inc. PANW $118.5 Billion
MongoDB, Inc. MDB $14.1 Billion
CrowdStrike Holdings, Inc. CRWD $105.3 Billion
Cloudflare, Inc. NET $42.0 Billion
Palantir Technologies Inc. PLTR $264.5 Billion
UiPath Inc. PATH $6.4 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
ZS Income Statements
Quarter Year Revenue Earnings
Q2 2025 $ 647.9 Million -$7.7 Million
Q1 2025 $ 628.0 Million -$12.1 Million
Q4 2024 $ 592.9 Million -$14.9 Million
Q3 2024 $ 553.2 Million $19.1 Million
Q2 2024 $ 525.0 Million -$28.5 Million
Q1 2024 $ 496.7 Million -$33.5 Million
Q4 2023 $ 455.0 Million -$30.7 Million
Q3 2023 $ 418.8 Million -$46.0 Million

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ZS Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2025 $1.8 Billion $5.0 Billion $1.2 Billion $1.6 Billion
Q1 2025 $1.6 Billion $4.7 Billion $1.2 Billion $1.4 Billion
Q4 2024 $1.4 Billion $4.7 Billion $1.2 Billion $1.3 Billion
Q3 2024 $1.3 Billion $4.2 Billion $1.2 Billion $1.1 Billion
Q2 2024 $1.4 Billion $3.9 Billion $1.2 Billion $958.9 Million
Q1 2024 $1.4 Billion $3.6 Billion $1.2 Billion $807.5 Million
Q4 2023 $1.3 Billion $3.6 Billion $1.2 Billion $725.1 Million
Q3 2023 $1.3 Billion $3.2 Billion $1.2 Billion $601.3 Million

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ZS Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2025 $179.4 Million $0 $204.9 Million
Q1 2025 $331.3 Million $0 $130.6 Million
Q4 2024 $185.6 Million -$67.2 Million $163.9 Million
Q3 2024 $158.5 Million -$50.3 Million -$179.4 Million
Q2 2024 $123.3 Million -$41.3 Million $76.9 Million
Q1 2024 $260.8 Million $0 $99.5 Million
Q4 2023 $101.3 Million -$34.6 Million -$13.1 Million
Q3 2023 $73.9 Million -$34.6 Million $18.3 Million

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