ZS
Live chart
What they do
Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zero Trust SASE, a solution that securely connects workforces, AI agents, workloads. It also provides Security for AI solution to secure AI adoption across the full AI ecosystem.
For information only · Important disclosures
Grades vs sector
No sector grades for ZS yet. Grades rank S&P 1500 stocks within their sector and refresh after each daily data run, so a stock outside that index or newly covered has none.
Systematic Models
Not held by any of our 5 live models right now.
News
More newsKey stats
Valuation and fundamentals
Valuation & fundamentals
Discounted cash flow
A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.
Edit assumptions · recalculates instantly
Free cash flow = operating cash flow − capital spending, trailing 12 months (FY to 2026-07-31). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.94 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.
Multiples vs sector
Forward EPS $5.62 vs trailing $-0.39. Forward P/E uses analysts' next-12-month estimate.
Backlog (remaining performance obligations)
Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).
Quality & financial health
Piotroski F-score 4/9 · last two fiscal years
Altman Z-score 4.8 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.
Analysts
Annual history
| FY | Revenue | Net income | Free cash flow |
|---|---|---|---|
| 2026 | $3.4B | $-63.2M | $852.4M |
| 2025 | $2.7B | $-41.5M | $808.2M |
| 2024 | $2.2B | $-57.7M | $635.3M |
| 2023 | $1.6B | $-202.3M | $365.1M |
| 2022 | $1.1B | $-390.3M | $252.6M |
| 2021 | $673.1M | $-262.0M | $153.9M |
From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +27.5%.
Earnings
| Report | EPS est | Actual | Surprise |
|---|---|---|---|
| 2026-09-03 | 1.09 | 1.19 | +9.2% |
| 2026-05-26 | 1.01 | 1.08 | +7.1% |
| 2026-02-26 | 0.90 | 1.01 | +12.6% |
| 2025-11-25 | 0.86 | 0.96 | +11.4% |
| 2025-09-02 | 0.80 | 0.89 | +11.0% |
| 2025-05-29 | 0.76 | 0.84 | +10.8% |
| 2025-03-05 | 0.69 | 0.78 | +12.7% |
| 2024-12-02 | 0.63 | 0.77 | +22.7% |
Quarterly revenue
| Quarter | Revenue | YoY |
|---|---|---|
| 2026-07-31 | $898.2M | +24.9% |
| 2026-04-30 | $850.5M | – |
| 2026-01-31 | $815.8M | – |
| 2025-10-31 | $788.1M | – |
| 2025-07-31 | $719.2M | – |
Rating changes
Third-party analyst actions, not Coteau's views. All rating changes
Stats refreshed 2026-10-21 13:44:12 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now
Independent research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app
Beta 0.9 · Oct 21, 2026