Zscaler, Inc. (ZS) — Financial statements
Income statement, balance sheet, and cash flow for Zscaler, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,673↑23.3% | 2,168↑34.1% | 1,617↑48.2% | 1,091↑62.1% | 673 | |
| Cost of Revenue | 618↑28.9% | 480↑32.3% | 362↑49.0% | 243↑61.5% | 151 | |
| Gross Profit | 2,055↑21.7% | 1,688↑34.6% | 1,254↑48.0% | 848↑62.2% | 522 | |
| Operating Expenses | ||||||
| R&D Expenses | 672↑34.6% | 500↑43.8% | 348↑20.3% | 289↑65.4% | 175 | |
| General & Administrative Expenses | 252 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 1,259 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 1,511↑15.1% | 1,312↑16.9% | 1,122↑26.6% | 886↑59.6% | 555 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 2,183↑20.5% | 1,812↑23.3% | 1,470↑25.1% | 1,175↑61.0% | 730 | |
| Total Costs & Expenses | 2,802↑22.3% | 2,292↑25.1% | 1,832↑29.2% | 1,418↑61.1% | 880 | |
| Operating Results | ||||||
| Operating Income | -128↓3.7% | -124↑42.5% | -215↑34.2% | -327↓57.9% | -207 | |
| Depreciation & Amortization | 121↑49.7% | 81↓18.3% | 99↓31.1% | 144↑46.5% | 98 | |
| EBITDA | 112↑73.5% | 65↑184.5% | -77↑58.2% | -183↓73.4% | -106 | |
| EBIT | -9↑45.7% | -16↑90.8% | -176↑46.3% | -327↓60.5% | -204 | |
| Interest & Other Income | ||||||
| Net Interest Income | 116↑20.6% | 96↑79.0% | 54↑203.2% | -52↓2.9% | -51 | |
| Interest Income | 125↑14.9% | 109↑80.5% | 60↑1218.4% | 5↑63.1% | 3 | |
| Interest Expense | 10↓27.3% | 13↑91.9% | 7↓87.9% | 57↑6.0% | 53 | |
| Non-Operating Income | -120↓11.1% | -108↓171.4% | -40↓10402.4% | -0.38↑89.4% | -4 | |
| Other Income / Expenses | 110↑16.4% | 95↑187.9% | 33↑158.5% | -56↓12.9% | -50 | |
| Income Before Tax | -18↑37.4% | -29↑84.0% | -183↑52.4% | -384↓49.2% | -257 | |
| Income Tax Expense | 23↓18.6% | 28↑44.0% | 20↑197.4% | 7↑37.0% | 5 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -41↑28.1% | -58↑71.5% | -202↑48.2% | -390↓48.9% | -262 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -41↑28.1% | -58↑71.5% | -202↑48.2% | -390↓48.9% | -262 | |
| Bottom-Line Net Income | -41↑28.1% | -58↑71.5% | -202↑48.2% | -390↓48.9% | -262 | |
| EPS (Basic) | -0.27↑30.8% | -0.39↑72.1% | -1.40↑49.5% | -2.77↓43.5% | -1.93 | |
| EPS (Diluted) | -0.27↑30.8% | -0.39↑72.1% | -1.40↑49.5% | -2.77↓43.5% | -1.93 | |
| Weighted Average Shares | 154↑3.2% | 150↑3.2% | 145↑2.9% | 141↑3.9% | 136 | |
| Weighted Average Diluted Shares | 154↑3.2% | 150↑3.2% | 145↑2.9% | 141↑3.9% | 136 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.