Zscaler, Inc. income statement
In fiscal 2026, Zscaler, Inc. reported revenue of $3.35bn, up 25.4% on the year before, operating income of −$133m (a -4.0% margin) and net income of −$63.2m, or −$0.39 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Jul 2016 | 2017Jul 2017 | 2018Jul 2018 | 2019Jul 2019 | 2020Jul 2020 | 2021Jul 2021 | 2022Jul 2022 | 2023Jul 2023 | 2024Jul 2024 | 2025Jul 2025 | 2026Jul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 80 | 126 | 190 | 303 | 431 | 673 | 1,091 | 1,617 | 2,168 | 2,673 | 3,353 |
| Cost of revenue | 20 | 27 | 38 | 60 | 96 | 150 | 242 | 363 | 477 | 618 | 778 |
| Gross profit | 60 | 98 | 152 | 243 | 336 | 523 | 849 | 1,254 | 1,691 | 2,055 | 2,575 |
| Research and development | 21 | 34 | 39 | 62 | 98 | 175 | 289 | 351 | 500 | 672 | 903 |
| Selling and marketing | 57 | 79 | 116 | 170 | 278 | 459 | 735 | 959 | 1,100 | 1,259 | 1,496 |
| General and administrative | 9 | 21 | 31 | 47 | 74 | 97 | 152 | 179 | 212 | 252 | 309 |
| Operating income | −27 | −35 | −35 | −35 | −114 | −208 | −327 | −235 | −121 | −128 | −133 |
| Interest expense | — | — | 0 | 0 | 5 | 53 | 57 | 7 | 13 | 10 | 12 |
| Net interest income | 0 | 1 | 2 | 8 | — | — | — | — | — | — | — |
| Income before tax | −27 | −35 | −32 | −28 | −113 | −257 | −384 | −183 | −29 | −18 | −17 |
| Income tax | 0 | 1 | 1 | 1 | 2 | 5 | 7 | 20 | 28 | 23 | 46 |
| Net income | −27 | −35 | −34 | −29 | −115 | −262 | −390 | −202 | −58 | −41 | −63 |
| Diluted EPS | −$0.68 | −$0.77 | −$0.32 | −$0.23 | −$0.89 | −$1.93 | −$2.77 | −$1.40 | −$0.39 | −$0.27 | −$0.39 |
| Diluted shares (average) | 53m | 58m | 128m | 124m | 129m | 136m | 141m | 145m | 150m | 154m | 160m |
| EBITDA | — | — | — | — | — | — | — | — | −55 | −24 | 15 |
| Quarter | 2025 Q1Oct 2024 | 2025 Q2Jan 2025 | 2025 Q3Apr 2025 | 2025 Q4Jul 2025 | 2026 Q1Oct 2025 | 2026 Q2Jan 2026 | 2026 Q3Apr 2026 | 2026 Q4Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 628 | 648 | 678 | 719 | 788 | 816 | 850 | 898 |
| Cost of revenue | 141 | 148 | 156 | 172 | 185 | 191 | 193 | 209 |
| Gross profit | 486 | 499 | 522 | 547 | 603 | 624 | 658 | 689 |
| Research and development | 154 | 171 | 170 | 178 | 200 | 229 | 232 | 241 |
| Selling and marketing | 306 | 308 | 315 | 331 | 374 | 369 | 372 | 381 |
| General and administrative | 57 | 61 | 63 | 71 | 66 | 78 | 83 | 82 |
| Operating income | −31 | −40 | −25 | −32 | −36 | −52 | −30 | −15 |
| Interest expense | 3 | 2 | 2 | 2 | 2 | 4 | 3 | 3 |
| Income before tax | −4 | −17 | 5 | −2 | −8 | −21 | −2 | 15 |
| Income tax | 8 | −9 | 9 | 16 | 3 | 13 | 12 | 18 |
| Net income | −12 | −8 | −4 | −18 | −12 | −34 | −14 | −3 |
| Diluted EPS | −$0.08 | −$0.05 | −$0.03 | −$0.11 | −$0.07 | −$0.21 | −$0.09 | −$0.02 |
| EBITDA | — | — | 3 | −2 | — | — | 8 | 27 |
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