10x Insights
Loading account…
ZS

Zscaler, Inc.

Information TechnologyComputer Services
Ticker ZSSANTA CLARA, CAFiscal year ends JulyBook value per share $16.22Diluted shares 160.2M

Zscaler, Inc. (NASDAQ: ZS) is a cybersecurity platform company that provides cloud-native zero trust security solutions designed to protect enterprises in the artificial intelligence era. The company's website is www.zscaler.com. From the company’s description.

Fiscal year 2026 · ends 07-31Changes are against fiscal 2025
Sales & profitability
$3.35BFY2026
+25.4% year over year
-3.98%FY2026
+0.8 percentage points
$-63.18MFY2026
−52.3% year over year
-2.43%FY2026
−0.1 percentage points
Cash & financing
$1.13BFY2026
+16.2% year over year
$779.14MFY2026
+7.2% year over year
0.65FY2026
Was 0.95× a year earlier
160.2MFY2026
+3.8% year over year

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure.

What Zscaler, Inc. does

In the company’s own words

Zscaler, Inc. (NASDAQ: ZS) is a cybersecurity platform company that provides cloud-native zero trust security solutions designed to protect enterprises in the artificial intelligence era. The company's website is www.zscaler.com.

Founded in 2007, Zscaler operates the Zscaler Zero Trust Exchange, a unified security platform distributed across more than 200 public data centers globally and thousands of private edge sites, serving customers in over 185 countries. The platform processes over 750 billion transactions daily, blocks more than nine billion policy violations and threats, and performs over 250,000 unique security updates per day. This scale creates what the company describes as a structural data advantage, as each transaction enriches the threat and policy intelligence that trains its artificial intelligence engines.

The company serves approximately 11,000 customers globally, including more than 40 percent of the Forbes Global 2000 and more than 50 percent of the Fortune 500. International customers represent approximately 47 percent of revenue. The company currently supports over 4,600 of the estimated 20,000 organizations with more than 1,500 employees.

Zscaler's platform operates through four primary pillars: Zero Trust SASE, which delivers cloud-based networking and security services; Security for AI, which enables organizations to discover, govern and protect AI applications and agents; Data Security, which safeguards sensitive information across its entire lifecycle; and Agentic Security Operations, which integrates advanced AI technologies to empower security and IT operations teams.

The Zero Trust SASE offering encompasses Zscaler Internet Access for secure external service access, Zscaler Private Access for managed application access, Zero Trust Browser for browser-based security, Zero Trust Branch for branch connectivity, and Zero Trust Cloud for workload protection. The company's research and development organization maintains centers internationally in India, Israel and Spain, in addition to its primary leadership location in San Jose, California.

Zscaler's business model emphasizes both direct sales relationships and channel partnerships with global telecommunications service providers, system integrators and value-added resellers. The company maintains privity of contract with end customers through subscription agreements while leveraging channel partners for market expansion and customer fulfillment.

Company details
Sector
Information Technology
Industry (SIC)
Computer Services
Headquarters
SANTA CLARA, CA
Fiscal year end
July
CIK
1713683
SIC
7371

Financial performance, year by year

Fiscal 2018–2026 · USD
$-764.56M$358.28M$1.48B$2.60B$3.73B201820192020202120222023202420252026

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Zscaler, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

467
funds hold it
0 of 35
superinvestors hold it
$4.01B
held by funds, at market
17.7%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Zscaler, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
First Trust Nasdaq Cybersecurity ETF
CIBR · First Trust Exchange-Traded Fund II
3.04%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.14%of fund net assets
VANGUARD GROWTH INDEX FUND
VUG · VANGUARD INDEX FUNDS
0.06%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.17%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Zscaler, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Zscaler, Inc.’s debt, $182.97M at market value — what funds hold, not the company’s total debt.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Zscaler, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Zscaler, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Zscaler, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.