Stocktoria
Zscaler, Inc. ZS
Nasdaq · XNAS · stock · Services-Computer Programming Services · website · IPO 2018-03-16
Chart by TradingView
4/9
Piotroski F — financial health
2.19
Altman Z″ — distress risk · grey
—
Dividend payout · no dividend
Valuation · market cap as of 2026-06-29
Market cap$20.6B
P / S7.7×
P / B11.4×
P / FCF25.5×
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Financials | |||||
| Revenue | $2.7B | $2.2B | $1.6B | $1.1B | $673.1M |
| Gross profit | $2.1B | $1.7B | $1.3B | $848.7M | $522.8M |
| Operating income | -$128.5M | -$121.5M | -$234.6M | -$327.4M | -$207.8M |
| Net income | -$41.5M | -$57.7M | -$202.3M | -$390.3M | -$262.0M |
| Operating cash flow | $972.5M | $779.8M | $462.3M | $321.9M | $202.0M |
| Free cash flow | $808.2M | $635.3M | $365.1M | $252.6M | $153.9M |
| Total assets | $6.4B | $4.7B | $3.6B | $2.8B | $2.3B |
| Total liabilities | $4.6B | $3.4B | $2.9B | $2.3B | $1.7B |
| Shareholders' equity | $1.8B | $1.3B | $725.1M | $573.3M | $528.9M |
| Ratios | |||||
| Gross margin | 76.9% | 78.0% | 77.6% | 77.8% | 77.7% |
| Operating margin | -4.8% | -5.6% | -14.5% | -30.0% | -30.9% |
| Net margin | -1.6% | -2.7% | -12.5% | -35.8% | -38.9% |
| FCF margin | 30.2% | 29.3% | 22.6% | 23.2% | 22.9% |
| Return on assets | -0.6% | -1.2% | -5.6% | -13.8% | -11.6% |
| Return on equity | -2.3% | -4.5% | -27.9% | -68.1% | -49.5% |
| Debt / equity | — | 0.90× | 1.56× | 1.69× | 1.73× |
| Current ratio | 2.01 | 1.09 | 1.88 | 1.99 | 2.57 |
| Revenue growth | 23.3% | 34.1% | 48.2% | 62.1% | 56.1% |
Notable holders (13F)
| Investor | Shares | Value |
|---|---|---|
| TIGER GLOBAL MANAGEMENT LLC | 1,579,766 | $221.6M |
| RENAISSANCE TECHNOLOGIES LLC | 230,460 | $32.3M |
| Point72 Asset Management, L.P. | 196,400 | $27.6M |
Why these scores methodology →
Piotroski F-score: 4/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: 2.19 (grey)
- Working capital / assets 0.384
- Retained earnings / assets -0.185
- EBIT / assets -0.02
- Equity / liabilities 0.389
Sector peers
GOOG · MSFT · META · BABA · DIS · HCA · all Services →
Source: SEC EDGAR filings · CIK 0001713683 · as of 2025-07-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.