Zscaler, Inc. (ZS) Financial Statement Analysis

2026-02-01 to 2026-04-30

Zscaler, Inc. (ZS) Income Statement (Sankey)

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RevenueGrossOperatingPre-taxNet+ Treasury & other+$27.3MAs filed pretax minus operating profitTotal Revenue$850M+25% YoYGross Profit$658M77.3% MarginOperating Profit-$29.6M-3.5% MarginPre-Tax Income-$2.4M-0.3% MarginGAAP Net Profit-$13.9M-1.6% MarginOperating Expenses$687M80.8% of RevTax Provision$11.5M-485.5% Effective TaxSales and Marketing$372M43.7% of RevCost of Revenue$193M22.7% of RevResearch and Development$232M27.3% of RevGeneral and Administrative$83.2M9.8% of Rev
Bar height is dollars. Insights will appear only after the financial statement has been analyzed.
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Gross margin

77.3%

Gross profit / revenue

Operating margin

-3.5%

Operating profit / revenue

Cash conversion

$198M

Operating cash; GAAP loss so conversion % is omitted

Notes

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