Zscaler, Inc. (ZS) income statement
NASDAQ · Technology · Software - Infrastructure · 8,700 employees · CEO Jagtar Singh Chaudhry
- Price
- $237.83 -4.03%
- Market cap
- $38.8B
- Enterprise value
- $39.7B
- Last report
- Q4 '26 filed 2026-09-03
- Next report
- 2026-11-24 EPS est. $1.16
Zscaler, Inc. (ZS) reported revenue of $898M for Q4 '26 (+24.9% year on year), operating income of -$15.5M (-1.7% of revenue) and net income of -$3.37M. Over the last four quarters revenue was $3.35B.
Income statement
| Income statement | Trend | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $497M | $525M | $553M | $593M | $628M | $648M | $678M | $719M | $788M | $816M | $850M | $898M | |
| Cost of revenue | $112M | $118M | $119M | $131M | $142M | $148M | $156M | $172M | $185M | $191M | $193M | $209M | |
| Gross profit | $385M | $407M | $434M | $462M | $486M | $499M | $522M | $548M | $603M | $624M | $658M | $689M | |
| Research & development | $114M | $122M | $125M | $139M | $154M | $171M | $169M | $178M | $200M | $229M | $232M | $241M | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $331M | $374M | $369M | $372M | $381M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $71M | $65.7M | $78.2M | $83.2M | $81.9M | |
| Operating expenses | $432M | $454M | $439M | $488M | $518M | $536M | $545M | $579M | $640M | $676M | $687M | $705M | |
| Operating income | -$46.7M | -$47.1M | -$4.42M | -$25.7M | -$31.9M | -$37M | -$22.4M | -$32.2M | -$36.4M | -$51.8M | -$29.6M | -$15.5M | |
| Interest income | $25.9M | $28.4M | $27.6M | $27.2M | $30M | $30.9M | $31.3M | $33.2M | $33.2M | $33.9M | $34M | $35M | |
| Interest expense | $3.14M | $3.83M | $2.38M | $3.73M | $3M | $2.28M | $1.97M | $2.07M | $2.13M | $4.22M | $2.7M | $2.75M | |
| Other non-operating income (gains on investments, FX ...) | -$25.4M | -$30.4M | -$27.7M | -$24.3M | -$30.5M | -$22.7M | -$29M | -$49.4M | -$30.1M | -$34.7M | -$3.23M | -$59.8M | |
| Total non-operating income | $22.2M | $26.6M | $25.3M | $20.6M | $27.5M | $20.4M | $27M | $30.3M | $28M | $30.5M | $27.3M | $30.4M | |
| Income before tax | -$24.5M | -$20.5M | $20.9M | -$5.1M | -$4.41M | -$16.5M | $4.56M | -$1.9M | -$8.37M | -$21.3M | -$2.37M | $14.9M | |
| Income tax | $9M | $7.96M | $1.74M | $9.77M | $7.64M | -$8.81M | $8.69M | $15.7M | $3.24M | $13M | $11.5M | $18.3M | |
| Net income | -$33.5M | -$28.5M | $19.1M | -$14.9M | -$12.1M | -$7.72M | -$4.13M | -$17.6M | -$11.6M | -$34.3M | -$13.9M | -$3.37M | |
| EPS (basic) | -$0.23 | -$0.19 | $0.13 | -$0.10 | -$0.08 | -$0.05 | -$0.03 | -$0.11 | -$0.07 | -$0.21 | -$0.09 | -$0.02 | |
| EPS (diluted) | -$0.23 | -$0.19 | $0.12 | -$0.10 | -$0.08 | -$0.05 | -$0.03 | -$0.11 | -$0.07 | -$0.21 | -$0.09 | -$0.02 | |
| Shares (basic, weighted) | 148M | 149M | 150M | 150M | 153M | 154M | 155M | 156M | 159M | 160M | 161M | 160M | |
| Shares (diluted, weighted) | 148M | 149M | 154M | 151M | 153M | 154M | 155M | 156M | 159M | 160M | 161M | 160M | |
| Depreciation & amortization | $17M | $18.5M | $21.1M | $24.4M | $25.7M | $28.7M | $32.4M | $34.3M | $41.3M | $46.1M | $49.5M | $55.2M | |
| EBITDA | -$4.35M | $1.81M | $44.3M | $23M | $24.3M | $14.5M | $39M | $51.5M | $35M | $29M | $23M | $99.5M |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $126M | $190M | $303M | $431M | $673M | $1.09B | $1.62B | $2.17B | $2.67B | $3.35B | |
| Cost of revenue | $27.5M | $37.9M | $60.1M | $97.1M | $151M | $243M | $362M | $480M | $618M | $778M | |
| Gross profit | $98.2M | $152M | $243M | $334M | $522M | $848M | $1.25B | $1.69B | $2.05B | $2.57B | |
| Research & development | $33.6M | $39.4M | $62M | $96.6M | $175M | $289M | $348M | $500M | $672M | $903M | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.26B | $1.5B | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $252M | $309M | |
| Operating expenses | $133M | $179M | $265M | $429M | $730M | $1.18B | $1.47B | $1.81B | $2.18B | $2.71B | |
| Operating income | -$35.1M | -$26.6M | -$22.2M | -$94.9M | -$207M | -$327M | -$215M | -$124M | -$128M | -$133M | |
| Interest income | $0 | $2.24M | $7.73M | $6.48M | $2.81M | $4.59M | $60.5M | $109M | $125M | $136M | |
| Interest expense | $0 | $0 | $0 | $5.03M | $53.4M | $56.6M | $6.82M | $13.1M | $9.52M | $11.8M | |
| Other non-operating income (gains on investments, FX ...) | -$490K | $5.72M | $5.68M | $12.8M | -$3.58M | -$378K | -$39.7M | -$108M | -$120M | -$128M | |
| Total non-operating income | $490K | -$5.72M | -$5.68M | -$17.9M | -$49.8M | -$56.2M | $32.9M | $94.6M | $110M | $116M | |
| Income before tax | -$34.6M | -$32.3M | -$27.9M | -$113M | -$257M | -$384M | -$183M | -$29.2M | -$18.3M | -$17.1M | |
| Income tax | $877K | $1.34M | $743K | $2.39M | $4.85M | $6.65M | $19.8M | $28.5M | $23.2M | $46M | |
| Net income | -$35.5M | -$33.6M | -$28.7M | -$115M | -$262M | -$390M | -$202M | -$57.7M | -$41.5M | -$63.2M | |
| EPS (basic) | -$0.34 | -$0.53 | -$0.23 | -$0.89 | -$1.93 | -$2.77 | -$1.40 | -$0.39 | -$0.27 | -$0.39 | |
| EPS (diluted) | -$0.34 | -$0.53 | -$0.23 | -$0.89 | -$1.93 | -$2.77 | -$1.40 | -$0.39 | -$0.27 | -$0.39 | |
| Shares (basic, weighted) | 104M | 63.9M | 124M | 129M | 136M | 141M | 145M | 150M | 154M | 160M | |
| Shares (diluted, weighted) | 104M | 63.9M | 124M | 129M | 136M | 141M | 145M | 150M | 154M | 160M | |
| Depreciation & amortization | $6.84M | $7.99M | $30M | $21.1M | $36.5M | $49.5M | $66.8M | $80.9M | $121M | $192M | |
| EBITDA | -$27.7M | -$24.3M | $2.05M | -$86.6M | -$167M | -$278M | -$109M | $64.8M | $112M | $187M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-K 2026-07-31, 10-Q 2026-04-30, 10-Q 2026-01-31, 10-Q 2025-10-31, 10-K 2025-07-31, 10-Q 2025-04-30, 10-Q 2025-01-31, 10-Q 2024-10-31, 10-K 2024-07-31
Data as of 2026-11-02