Zscaler, Inc.
ZS
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Zscaler operates in a rapidly growing cybersecurity market, which is expected to expand significantly as businesses increasingly adopt cloud solutions and remote work.
- Revenue increased by 6% quarter-over-quarter, reaching $898 million in the latest quarter.
- The company maintains a strong gross margin of 76.7%, indicating effective cost management and pricing power.
- Zscaler faces challenges with negative profit margins, which may raise concerns about its long-term sustainability and operational efficiency.
- The operating margin remains negative at -0.4%, reflecting ongoing struggles to achieve profitability despite revenue growth.
- Net income for the latest quarter was a loss of $3.369 million, highlighting the financial pressures the company is currently under.
Fundamentals
| Market cap | $35.35B | Enterprise value | $33.75B | Trailing P/E | — | Forward P/E | 38.70 |
| PEG | 2.19 | Price / book | 13.61 | Beta | 0.94 | Dividend yield | 0.00% |
| Revenue growth | 24.9% | Earnings growth | — | Gross margin | 76.9% | Operating margin | -1.0% |
| Profit margin | -1.9% | ROE | -2.9% | ROA | -1.0% | Debt / equity | 0.72 |
| Current ratio | 1.70 | Free cash flow | $1.07B | Analyst recommendation | buy | Mean target | $232.13 |
| 52w high | $336.99 | 52w low | $114.63 |
Quarterly
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $898M | $850M | $816M | $788M | $719M | — |
| Op margin | -0.4% | -3.5% | -6.3% | -4.6% | -4.3% | — |
| Net income | -$3.4M | -$13.9M | -$34.3M | -$11.6M | -$17.6M | — |
| Gross margin | 76.7% | 77.3% | 76.6% | 76.6% | 76.1% | — |
| Gross profit | $689M | $658M | $624M | $603M | $547M | — |
| Operating income | -$3.4M | -$29.6M | -$51.8M | -$36.4M | -$30.9M | — |
- Revenue +6% vs prior quarter ($898M vs $850M).
- Gross margin 76.7% (was 77.3% prior quarter).
- Operating margin expanded to -0.4%.
Yearly (6y)
| 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| Revenue | $3.4B | $2.7B | $2.2B | $1.6B | — |
| Op margin | -3.6% | -4.8% | -5.6% | -14.5% | — |
| Net income | -$63.2M | -$41.5M | -$57.7M | -$202M | — |
| Gross margin | 76.8% | 76.9% | 78.0% | 77.6% | — |
| Gross profit | $2.6B | $2.1B | $1.7B | $1.3B | — |
| Operating income | -$121M | -$127M | -$121M | -$235M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · Can Zscaler (ZS) Still Look Undervalued On Reaffirmed 2027 Guidance And AI Security Goals?
2026-10-09 · What Sent Cloudflare Stock Higher?
2026-10-08 · OpenAI Takes Another Executive from Musk’s SpaceX as It Pushes into Global Sales
2026-10-08 · Zscaler (ZS) Rises As Market Takes a Dip: Key Facts
2026-10-08 · Zscaler Soars 45% in 3 Months: Hold the Stock or Book Profits?
2026-10-08 · OpenAI hires EMEA sales VP from SpaceX's Cursor
2026-10-08 · Macquarie Adjusts Zscaler's Price Target to $250 From $200, Maintains Outperform Rating
2026-10-07 · Zscaler’s $10 billion long-term ARR target looks ambitious, says Jefferies
2026-10-07 · Zscaler on Track as AI, Sales Push Expand Growth, Oppenheimer Says
2026-10-07 · Zscaler's Long-Term Outlook Reinforces Growth Potential as Execution Remains Key, Morgan Stanley Says
2026-10-07 · Zscaler's Investor Day Presents Multi-Year Visibility Into Annual Recurring Revenue Growth, Wedbush Says
2026-10-07 · Zscaler's Disclosures Strengthen Cross-Selling Story, Broaden Customer Entry Points, Morgan Stanley Says
Price (daily)
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