Zscaler, Inc. (ZS)
Zscaler, Inc. (ZS)
| Cash Flow | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 |
|---|---|---|---|---|
| Revenue | 850,475 | 815,751 | 788,112 | 2,673,115 |
| Adjusted cost of revenue | 163,780 | 161,463 | 158,329 | 532,067 |
| Adjusted sales and marketing expenses | 295,537 | 283,102 | 296,244 | 997,896 |
| Adjusted research and development expenses | 143,502 | 144,448 | 124,080 | 409,894 |
| Adjusted general and administrative expenses | 51,807 | 45,772 | 37,603 | 153,127 |
| Stock-based compensation expense and related payroll taxes | 212,266 | 220,413 | 193,761 | 685,534 |
| Amortization expense of acquired intangible assets | 11,441 | 11,114 | 8,633 | 16,820 |
| Restructuring and other charges | 0 | 0 | 4,741 | 4,921 |
| Acquisition-related expenses | 1,782 | 1,212 | 1,083 | 1,316 |
| Add other segment items, net | -15,757 | -17,461 | -24,747 | -86,982 |
| Net loss | -13,883 | -34,312 | -11,615 | -17,578 |
| Depreciation and amortization expense | 38,016 | 34,944 | 32,651 | 104,361 |
| Amortization expense of acquired intangible assets | 11,441 | 11,114 | 8,633 | 4,080 |
| Amortization of deferred contract acquisition costs | 52,042 | 49,551 | 48,082 | 44,811 |
| Amortization of debt issuance costs | 2,043 | 2,040 | 2,038 | 1,346 |
| Non-cash operating lease costs | 21,691 | 20,311 | 18,445 | 15,102 |
| Stock-based compensation expense | 205,186 | 216,553 | 188,593 | 172,654 |
| Accretion of investments purchased at a discount | 933 | 1,730 | 1,905 | 2,061 |
| Unrealized gains on hedging transactions | -25 | 4,094 | -3,033 | -1,231 |
| Deferred income taxes | -1,879 | -2,145 | 3,698 | -3,490 |
| Other | -4,419 | -1,204 | -1,234 | 72 |
| Accounts receivable | 181,489 | 21,330 | -482,861 | 376,516 |
| Deferred contract acquisition costs | 77,264 | 63,736 | 43,660 | 90,467 |
| Prepaid expenses, other current and noncurrent assets | -1,169 | 12,900 | 17,322 | 29,390 |
| Accounts payable | 2,125 | -19,175 | -2,942 | -11,415 |
| Accrued expenses, other current and noncurrent liabilities | 11,922 | -2,157 | 8,409 | 12,213 |
| Accrued compensation | 20,122 | 25,281 | -54,816 | 26,690 |
| Deferred revenue | 121,178 | 4,051 | -191,132 | 483,041 |
| Operating lease liabilities | 21,673 | 3,687 | 18,609 | 16,815 |
| Net cash provided by operating activities | 198,016 | 204,073 | 448,280 | 250,604 |
| Purchases of property, equipment and other assets | 42,401 | 17,755 | 17,311 | 60,046 |
| Capitalized internal-use software | 19,661 | 17,189 | 17,673 | 18,637 |
| Payments for business acquisitions, net of cash acquired | 97,268 | 0 | 672,780 | 0 |
| Purchase of strategic investments | 2,234 | 2,008 | 0 | 38 |
| Purchases of short-term investments | 570,246 | 505,081 | 896,388 | 393,993 |
| Proceeds from maturities of short-term investments | 175,845 | 149,210 | 93,593 | 225,132 |
| Proceeds from sale of short-term investments | 137,310 | 31,910 | 8,348 | 0 |
| Net cash used in investing activities | -418,655 | -360,913 | -1,502,211 | -247,582 |
| Proceeds from issuance of common stock upon exercise of stock options | 0 | 0 | 3,984 | 84 |
| Proceeds from issuance of common stock under the employee stock purchase plan | 0 | 21,506 | - | 41,219 |
| Payment of holdback amounts related to a business acquisition | 0 | 110 | - | 352 |
| Proceeds from issuance of the 2028 notes | - | - | - | 1,725,000 |
| Payments for issuance costs related to the 2028 notes | 0 | 0 | 684 | 24,150 |
| Purchases of capped calls related to the 2028 notes | 0 | 0 | 197 | 196,650 |
| Payments for the settlement of the 2025 notes | - | - | - | 1,150,040 |
| Other | - | - | - | 0 |
| Net cash provided by financing activities | 0 | 21,396 | 3,103 | 395,111 |
| Net increase (decrease) in cash and cash equivalents | -220,639 | -135,444 | -1,050,828 | 398,133 |
| Cash and cash equivalents at beginning of period | 1,202,751 | 1,338,195 | 2,389,023 | 1,990,890 |
| Cash and cash equivalents at end of period | 982,112 | 1,202,751 | 1,338,195 | 2,389,023 |