# Zscaler Inc. (ZS)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $19.47B  
**Price:** $126.11 (+1.11%)

> Zscaler Inc. is a cybersecurity company that delivers cloud-native security solutions to enterprises globally. Its primary role is to secure user, workload, and device access to applications and data across distributed and hybrid IT environments. Zscaler operates a multi-tenant, software-as-a-service platform known for its Zero Trust Exchange architecture, which inspects and secures traffic without relying on traditional network perimeters. The company’s core products include Zscaler Internet Access for secure connections to external applications and the internet, and Zscaler Private Access for secure remote access to internal applications hosted in data centers or public clouds. Additional offerings such as Zscaler Cloud Protection and Zscaler Digital Experience extend security and visibility to cloud workloads and user experience monitoring. Serving primarily large and mid-sized organizations, Zscaler plays a significant role in enabling secure digital transformation and cloud adoption. Founded in 2007 and headquartered in San Jose, California, Zscaler is positioned within the technology sector as a key provider of cloud-based cybersecurity infrastructure.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.67B | $2.05B | -$128M | -$41M | — |
| 2024 | $2.17B | $1.69B | -$121M | -$58M | — |
| 2023 | $1.62B | $1.25B | -$235M | -$202M | — |
| 2022 | $1.09B | $849M | -$327M | -$390M | — |
| 2021 | $673M | $523M | -$208M | -$262M | — |
| 2020 | $431M | $336M | -$114M | -$115M | — |
| 2019 | $303M | $243M | -$35M | -$29M | — |
| 2018 | $190M | $152M | -$35M | -$34M | — |
| 2017 | $126M | $98M | -$35M | -$35M | — |
| 2016 | $80M | $60M | -$27M | -$27M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $6.42B | $4.62B | $1.80B | $2.39B | — |
| 2024 | $4.70B | $3.43B | $1.27B | $1.42B | $1.14B |
| 2023 | $3.61B | $2.88B | $725M | $1.26B | $1.13B |
| 2022 | $2.83B | $2.26B | $573M | $1.01B | $969M |
| 2021 | $2.26B | $1.73B | $529M | $276M | $914M |
| 2020 | $1.83B | $1.35B | $485M | $142M | $862M |
| 2019 | $604M | $296M | $309M | $78M | — |
| 2018 | $448M | $208M | $240M | $136M | — |
| 2017 | $183M | $133M | -$151M | $88M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $972M | $164M | $808M |
| 2024 | $780M | $145M | $635M |
| 2023 | $462M | $97M | $365M |
| 2022 | $322M | $69M | $253M |
| 2021 | $202M | $48M | $154M |
| 2020 | $79M | $43M | $36M |
| 2019 | $58M | $26M | $33M |
| 2018 | $17M | $13M | $4M |
| 2017 | -$6M | $8M | -$14M |
| 2016 | -$12M | $5M | -$17M |

Source: [CompaniesByCap](https://companiesbycap.com/company/ZS)