profit from every $100 of sales.
$0$100
Zscaler
$194.92-2.07% today
-40.7% in 1 year
1-year low $118.051-year high $331.29
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Zscaler sold, what it kept, and what it did with the cash.
Sales went from $1.09 billion in 2022 to $2.67 billion in 2025, with -$41.5 million of profit last year.
SalesProfit
Zscaler vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Zscaler | No profit yet | ||
 Microsoft | 29.6× · Fair price | ||
 Palantir Technologies | 250.3× · Very expensive | ||
 Oracle | 21.5× · Fair price | ||
 Palo Alto Networks | 235.6× · Very expensive |
Compare Zscaler with Cognizant Technology Solutions · VeriSign
AI analysis
An AI analyst reads Zscaler's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 431 | 673 | 1,091 | 1,617 | 2,168 | 2,673 | |
| 336 | 523 | 849 | 1,254 | 1,691 | 2,055 | |
| -114 | -208 | -327 | -235 | -121 | -127 | |
| – | – | -278 | -109 | 65 | 108 | |
| -115 | -262 | -390 | -202 | -58 | -41 | |
| -0.89 | -1.93 | -2.77 | -1.40 | -0.39 | -0.27 | |
| 77.8% | 77.7% | 77.8% | 77.6% | 78.0% | 76.9% | |
| -26.4% | -30.9% | -30.0% | -14.5% | -5.6% | -4.8% | |
| -26.7% | -38.9% | -35.8% | -12.5% | -2.7% | -1.6% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 1,833 | 2,258 | 2,833 | 3,608 | 4,705 | 6,420 |
| Cash | 142 | 276 | 1,013 | 1,262 | 1,423 | 2,389 |
| Total debt | 905 | 965 | 1,046 | 1,211 | 1,238 | 1,797 |
| Total liabilities | 1,349 | 1,729 | 2,259 | 2,883 | 3,431 | 4,621 |
| 485 | 529 | 573 | 725 | 1,274 | 1,799 | |
| 129 | 136 | 141 | 145 | 150 | 154 | |
| -6.1% | -10.8% | -16.0% | -7.2% | -0.5% | -0.3% | |
| -23.7% | -49.5% | -68.1% | -27.9% | -4.5% | -2.3% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 79 | 202 | 322 | 462 | 780 | 972 | |
| – | – | 91 | 129 | 195 | 246 | |
| – | – | 231 | 334 | 585 | 727 | |
| Dividends paid | – | – | – | – | – | – |
| 0 | 0 | – | – | – | – | |
| 121 | 259 | 410 | 445 | 528 | 661 |
Valuation
- –
- 48.6×
- –
- 12.4×
- 11.9×
- 43.7×
- 288.5×
- 2.3%
- -0.1%
- 0.0%
Profitability
- 76.9%
- -4.8%
- -1.6%
- 4.6%
- -3.2%
- -11.1%
- -3.5%
- -1.0%
- -3.2%
- 25.9%
Growth
- +44.0%
- –
- +24.2%
- –
- +3.3%
Financial health
- 4.8×
- 0.85
- 27.6%
- -13.7×
- 1.90
- 1.90
- 0.44
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 17%of 964
Bottom 16%of 972
Top 8%of 978
Bottom 45%of 979
What analysts expect
- Average price target
- $277.18
- Range
- $160.00 – $360.00
- 9 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Feb 26, 2026 | 1.01 | 0.89 | +13.0% |
| Nov 25, 2025 | 0.96 | 0.86 | +12.1% |
| Sep 2, 2025 | 0.89 | 0.80 | +11.2% |
| May 29, 2025 | 0.84 | 0.75 | +11.7% |
| Mar 5, 2025 | 0.78 | 0.69 | +13.5% |
| Dec 2, 2024 | 0.77 | 0.63 | +22.2% |
| Sep 3, 2024 | 0.88 | 0.70 | +25.0% |
| May 30, 2024 | 0.88 | 0.66 | +33.9% |
News
Zscaler (ZS) Stock May Be 14% Undervalued As AI Security Demand BuildsYahoo Finance · Oct 31, 2026Is Now The Right Time For Zscaler Stock?Yahoo Finance · Oct 26, 2026How Nvidia AI Security Tie Up At Zscaler (ZS) Has Changed Its Investment StoryYahoo Finance · Oct 23, 2026Why Is Zscaler Stock Going Up?Yahoo Finance · Oct 22, 2026What Growth Are You Paying For In Zscaler Stock?Yahoo Finance · Sep 15, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
22No pass
Benjamin Graham
28No pass
Philip Fisher
44No pass
Peter Lynch
69Pass
Joel Greenblatt
2No pass
Charlie Munger
23No pass
Terry Smith
34No pass
Questions about Zscaler
Is Zscaler a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Zscaler AI analysis
What does Zscaler do?
Zscaler, Inc. operates as a cloud security company worldwide. It is in Software - Infrastructure, based in San Jose, CA, United States, with 7,923 employees.
Does Zscaler pay a dividend?
No. Zscaler does not pay a dividend at the moment.
Is Zscaler stock halal?
Yes. Zscaler passes our halal screen: its business is permitted and its debt is 6% of its market value, under the 30% limit. How we check
How has Zscaler stock done over the past year?
Down 40.7% over the past twelve months, to $194.92. It traded between $118.05 and $331.29 and is 41.2% below its high.
Who are Zscaler's competitors?
The largest listed companies in the same industry are Microsoft, Palantir Technologies, Oracle and Palo Alto Networks. The peers table on this page compares their profit, growth and price with Zscaler's.
Prices: daily closes to Nov 10, 2026. Fundamentals: company reports via invest-like data.