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Complete financial analysis of Zscaler, Inc. (ZS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Zscaler, Inc., a leading company in the Software – Infrastructure industry within the Technology sector.
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Zscaler, Inc. (ZS)
About Zscaler, Inc.
Zscaler, Inc. operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds. It also offers Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy to understand digital experience score for each user, application, and location within an enterprise. In addition, the company provides workload segmentation solutions comprising Zscaler Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and platform as a service to reduce risk and ensure compliance with industry and organizational benchmarks; and Zscaler Cloud Workload Segmentation, which is designed to secure application-to-application communications inside public clouds and data centers to stop lateral threat movement, as well as prevents application compromise and reduces the risk of data breaches. Its platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. It serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.
Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue | 2.17B | 1.62B | 1.09B | 673.10M | 431.27M | 302.84M | 190.17M | 125.72M | 80.33M | 53.71M |
Cost of Revenue | 477.13M | 362.83M | 242.28M | 150.32M | 95.73M | 59.67M | 37.88M | 27.47M | 20.13M | 14.43M |
Gross Profit | 1.69B | 1.25B | 848.66M | 522.78M | 335.54M | 243.17M | 152.30M | 98.25M | 60.20M | 39.28M |
Gross Profit Ratio | 77.99% | 77.56% | 77.79% | 77.67% | 77.80% | 80.30% | 80.08% | 78.15% | 74.94% | 73.13% |
Research & Development | 499.83M | 349.74M | 289.14M | 174.65M | 97.88M | 61.97M | 39.38M | 33.56M | 20.94M | 15.03M |
General & Administrative | 212.05M | 177.54M | 151.74M | 96.54M | 73.63M | 46.60M | 31.14M | 20.52M | 9.40M | 4.47M |
Selling & Marketing | 1.10B | 953.86M | 735.22M | 459.41M | 277.98M | 169.91M | 116.41M | 79.24M | 56.70M | 32.19M |
SG&A | 1.31B | 1.13B | 886.95M | 555.94M | 351.61M | 216.51M | 147.54M | 99.76M | 66.10M | 36.66M |
Other Expenses | 0.00 | -1.86M | -4.21M | 1.19M | -224.00K | -329.00K | 79.00K | 490.00K | -416.00K | -181.00K |
Operating Expenses | 1.81B | 1.48B | 1.18B | 730.60M | 449.49M | 278.48M | 186.92M | 133.32M | 87.04M | 51.69M |
Cost & Expenses | 2.29B | 1.84B | 1.42B | 880.91M | 545.23M | 338.15M | 224.80M | 160.79M | 107.17M | 66.13M |
Interest Income | 109.13M | 60.46M | 4.59M | 2.81M | 6.48M | 7.73M | 0.00 | 0.00 | 0.00 | 0.00 |
Interest Expense | 13.13M | 6.54M | 56.58M | 53.36M | 5.03M | 0.00 | 0.00 | 0.00 | 127.00K | 181.00K |
Depreciation & Amortization | 80.93M | 99.03M | 143.62M | 98.01M | 59.60M | 29.96M | 21.17M | 6.84M | 4.87M | 2.85M |
EBITDA | 64.79M | -76.72M | -277.59M | -167.36M | -86.83M | -16.61M | -24.32M | -27.74M | -21.97M | -9.56M |
EBITDA Ratio | 2.99% | -6.28% | -25.44% | -24.86% | -20.08% | -7.93% | -14.01% | -22.46% | -27.35% | -17.81% |
Operating Income | -121.48M | -234.62M | -327.43M | -207.81M | -113.96M | -35.31M | -34.62M | -35.07M | -26.84M | -12.42M |
Operating Income Ratio | -5.60% | -14.51% | -30.01% | -30.87% | -26.42% | -11.66% | -18.21% | -27.90% | -33.42% | -23.12% |
Total Other Income/Expenses | 92.25M | 52.06M | -56.20M | -49.37M | 1.23M | 7.40M | 2.32M | 490.00K | -127.00K | -181.00K |
Income Before Tax | -29.23M | -182.56M | -383.63M | -257.18M | -112.73M | -27.91M | -32.31M | -34.58M | -26.97M | -12.60M |
Income Before Tax Ratio | -1.35% | -11.29% | -35.16% | -38.21% | -26.14% | -9.22% | -16.99% | -27.51% | -33.58% | -23.46% |
Income Tax Expense | 28.48M | 19.77M | 6.65M | 4.85M | 2.39M | 743.00K | 1.34M | 877.00K | 468.00K | 233.00K |
Net Income | -57.71M | -202.34M | -390.28M | -262.03M | -115.12M | -28.66M | -33.65M | -35.46M | -27.44M | -12.83M |
Net Income Ratio | -2.66% | -12.51% | -35.77% | -38.93% | -26.69% | -9.46% | -17.69% | -28.21% | -34.16% | -23.89% |
EPS | -0.39 | -1.40 | -2.77 | -1.93 | -0.89 | -0.23 | -0.53 | -0.34 | -0.26 | -0.13 |
EPS Diluted | -0.39 | -1.40 | -2.77 | -1.93 | -0.89 | -0.23 | -0.53 | -0.34 | -0.26 | -0.13 |
Weighted Avg Shares Out | 149.59M | 144.94M | 140.90M | 135.65M | 129.32M | 123.57M | 63.88M | 103.63M | 103.63M | 101.72M |
Weighted Avg Shares Out (Dil) | 149.59M | 144.94M | 140.90M | 135.65M | 129.32M | 123.57M | 63.88M | 103.63M | 103.63M | 101.72M |
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What were Zscaler’s Q4 FY2024 revenue and growth?
Zscaler’s Q4 FY2024 results showcase robust growth and improving profitability. Revenue grew 30% year-over-year to $592.9 million , while calculated billings increased 27% to $910.8 million .
What was Zscaler’s GAAP and non-GAAP net income in FY2024?
For fiscal year 2024, revenue grew by 34% YoY to $2,167.8 million. GAAP net loss narrowed to $57.7 million from $202.3 million, while non-GAAP net income surged to $508.1 million from $277.0 million. Cash provided by operations was $779.8 million, up 36% of revenue, with free cash flow rising to $585.0 million.