ZS financial statements

The full income statement, balance sheet, and cash-flow statement for Zscaler Inc. (ZS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-04 151.1M2024-07 152.5M2024-10 153.4M2025-01 154.7M2025-04 155.7M2025-07 158.3M2025-10 159.5M2026-01 160.8M2026-04 161.7M+7.0% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofJul 31 ’25	as ofJul 31 ’24	as ofJul 31 ’23	as ofJul 31 ’22	as ofJul 31 ’21
Revenue	2.67B YoY+23.3%	2.17B YoY+34.1%	1.62B YoY+48.2%	1.09B YoY+62.1%	673M YoY+56.1%
	2.05B YoY+21.5%	1.69B YoY+34.8%	1.25B YoY+47.8%	849M YoY+62.3%	523M YoY+55.8%
Cost of revenue	618M YoY+29.6%	477M YoY+31.5%	363M YoY+49.8%	242M YoY+61.2%	150M YoY+57.0%
	2.18B YoY+20.5%	1.81B YoY+21.7%	1.49B YoY+26.6%	1.18B YoY+61.0%	731M YoY+62.5%
Research & development	672M YoY+34.5%	500M YoY+42.5%	351M YoY+21.3%	289M YoY+65.6%	175M YoY+78.4%
Selling, general & administrative	252M YoY+18.7%	212M YoY+18.6%	179M YoY+17.9%	152M YoY+57.2%	96.5M YoY+31.1%
General & administrative	252M YoY+18.7%	212M YoY+18.6%	179M YoY+17.9%	152M YoY+57.2%	96.5M YoY+31.1%
Selling & marketing	1.26B YoY+14.4%	1.10B YoY+14.7%	959M YoY+30.5%	735M YoY+60.0%	459M YoY+65.3%
Restructuring	4.92M	—	7.60M	—	—
Amortization of intangibles	16.8M YoY+15.0%	14.6M YoY+32.2%	11.1M YoY+22.8%	9.01M YoY+32.6%	6.79M YoY+100.8%
Operating income	-128M YoY-5.7%	-121M YoY+48.2%	-235M YoY+28.3%	-327M YoY-57.6%	-208M YoY-82.4%
Interest expense	9.52M YoY-27.5%	13.1M YoY+100.8%	6.54M YoY-88.4%	56.6M YoY+6.0%	53.4M YoY+962.0%
Interest & investment income	125M YoY+14.9%	109M YoY+80.5%	60.5M YoY+1218.4%	4.59M YoY+63.1%	2.81M YoY-56.6%
Other non-operating income	-5.67M YoY-51.3%	-3.75M YoY-101.4%	-1.86M YoY+55.8%	-4.21M YoY-454.8%	1.19M YoY+629.5%
Pre-tax income	-18.3M YoY+37.4%	-29.2M YoY+84.0%	-183M YoY+52.4%	-384M YoY-49.2%	-257M YoY-128.1%
Income tax	23.2M YoY-18.6%	28.5M YoY+44.0%	19.8M YoY+197.4%	6.65M YoY+37.0%	4.85M YoY+103.1%
	-41.5M YoY+28.1%	-57.7M YoY+71.5%	-202M YoY+48.2%	-390M YoY-48.9%	-262M YoY-127.6%
Net income to common	-41.5M YoY+28.1%	-57.7M YoY+71.5%	-202M YoY+48.2%	-390M YoY-48.9%	-262M YoY-127.6%
	-$0.27 YoY+30.8%	-$0.39 YoY+72.1%	-$1.40 YoY+49.5%	-$2.77 YoY-43.5%	-$1.93 YoY-116.9%
EPS (basic)	-$0.27 YoY+30.8%	-$0.39 YoY+72.1%	-$1.40 YoY+49.5%	-$2.77 YoY-43.5%	-$1.93 YoY-116.9%
	154M YoY+3.2%	150M YoY+3.2%	145M YoY+2.9%	141M YoY+3.9%	136M YoY+4.9%
	154M YoY+3.2%	150M YoY+3.2%	145M YoY+2.9%	141M YoY+3.9%	136M YoY+4.9%
Balance Sheet	as ofJul 31 ’25	as ofJul 31 ’24	as ofJul 31 ’23	as ofJul 31 ’22	as ofJul 31 ’21
	4.89B YoY+44.1%	3.40B YoY+17.5%	2.89B YoY+28.1%	2.26B YoY+22.1%	1.85B YoY+16.8%
Cash & equivalents	2.39B YoY+67.9%	1.42B YoY+12.7%	1.26B YoY+24.6%	1.01B YoY+267.2%	276M YoY+94.5%
Accounts receivable	992M YoY+34.7%	737M YoY+26.4%	583M YoY+45.8%	400M YoY+55.5%	257M YoY+74.2%
Prepaid expenses	149M YoY+46.6%	102M YoY+10.9%	91.6M YoY+132.8%	39.4M YoY+25.9%	31.3M YoY-0.4%
	6.42B YoY+36.4%	4.70B YoY+30.4%	3.61B YoY+27.4%	2.83B YoY+25.5%	2.26B YoY+23.1%
Property, plant & equipment	543M YoY+41.8%	383M YoY+58.1%	242M YoY+50.9%	161M YoY+47.9%	109M YoY+43.4%
Operating lease right-of-use	89.8M YoY+0.0%	89.8M YoY+27.0%	70.7M YoY-2.3%	72.4M YoY+63.2%	44.3M YoY+22.8%
Goodwill	418M YoY+0.2%	417M YoY+367.6%	89.2M YoY+13.6%	78.5M YoY+33.2%	59.0M YoY+96.2%
Intangible assets	47.3M YoY-25.9%	63.8M YoY+146.9%	25.9M YoY-18.7%	31.8M YoY-1.0%	32.1M YoY+33.7%
Other non-current assets	98.7M YoY+69.9%	58.1M YoY+90.3%	30.5M YoY+39.5%	21.9M YoY+39.7%	15.7M YoY+94.3%
	2.43B YoY-21.9%	3.11B YoY+102.7%	1.54B YoY+35.4%	1.13B YoY+57.5%	720M YoY+69.9%
Accounts payable	46.9M YoY+101.2%	23.3M YoY+26.1%	18.5M YoY-29.3%	26.2M YoY+108.4%	12.5M YoY+139.8%
Deferred revenue	2.05B YoY+25.0%	1.64B YoY+28.3%	1.28B YoY+38.7%	924M YoY+61.7%	571M YoY+69.4%
Current lease liability	52.5M YoY+3.2%	50.9M YoY+47.6%	34.5M YoY+32.1%	26.1M YoY+31.5%	19.8M YoY+27.2%
	4.62B YoY+34.7%	3.43B YoY+19.0%	2.88B YoY+27.6%	2.26B YoY+30.7%	1.73B YoY+28.2%
Long-term debt	—	1.14B YoY+0.7%	1.13B YoY+17.1%	969M YoY+6.0%	914M YoY+6.0%
Deferred revenue (non-current)	414M YoY+64.7%	251M YoY+58.4%	159M YoY+62.8%	97.4M YoY+64.2%	59.3M YoY+82.5%
Non-current lease liability	43.4M YoY-3.3%	44.8M YoY+6.9%	41.9M YoY-17.7%	50.9M YoY+63.2%	31.2M YoY+11.4%
Operating lease liability (total)	95.8M YoY+0.2%	95.7M YoY+25.3%	76.4M YoY-0.9%	77.0M YoY+50.9%	51.1M YoY+17.1%
Other non-current liabilities	33.3M YoY+50.8%	22.1M YoY+73.6%	12.7M YoY+60.7%	7.92M YoY+77.9%	4.45M YoY+72.2%
	1.80B YoY+41.2%	1.27B YoY+75.7%	725M YoY+26.5%	573M YoY+8.4%	529M YoY+9.1%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	159K YoY+4.6%	152K YoY+3.4%	147K YoY+2.8%	143K YoY+2.9%	139K YoY+4.5%
Additional paid-in capital	2.98B YoY+22.8%	2.43B YoY+33.6%	1.82B YoY+14.2%	1.59B YoY+40.7%	1.13B YoY+37.3%
Retained earnings	-1.19B YoY-3.6%	-1.15B YoY-5.3%	-1.09B YoY-9.9%	-992M YoY-64.9%	-602M YoY-77.2%
Accumulated other comprehensive income	8.08M YoY+268.7%	-4.79M YoY-203.9%	-1.58M YoY+93.9%	-25.9M YoY-3876.9%	-650K YoY-240.4%
Total liabilities & equity	6.42B YoY+36.4%	4.70B YoY+30.4%	3.61B YoY+27.4%	2.83B YoY+25.5%	2.26B YoY+23.1%
	158M YoY+3.8%	152M YoY+3.6%	147M YoY+2.9%	143M YoY+3.2%	139M YoY+4.4%
	158M YoY+3.8%	152M YoY+3.6%	147M YoY+2.9%	143M YoY+3.2%	139M YoY+4.4%
	158M YoY+3.8%	152M YoY+3.6%	147M YoY+2.9%	143M YoY+3.1%	139M YoY+4.4%
Cash Flow	as ofJul 31 ’25	as ofJul 31 ’24	as ofJul 31 ’23	as ofJul 31 ’22	as ofJul 31 ’21
	972M YoY+24.7%	780M YoY+68.7%	462M YoY+43.6%	322M YoY+59.3%	202M YoY+154.7%
Intangible amortization	16.8M YoY+15.0%	14.6M YoY+32.2%	11.1M YoY+22.8%	9.01M YoY+32.6%	6.79M YoY+100.8%
Share-based compensation	661M YoY+25.3%	528M YoY+18.6%	445M YoY+8.6%	410M YoY+58.4%	259M YoY+113.0%
Deferred income taxes	-13.5M YoY-137.6%	-5.68M YoY-1714.5%	352K YoY+147.1%	-747K YoY+68.6%	-2.38M YoY-42.5%
Change in receivables	256M YoY+67.4%	153M YoY-16.8%	184M YoY+28.3%	143M YoY+28.4%	112M YoY+105.8%
Change in payables	17.5M YoY+321.0%	4.16M YoY+149.5%	-8.42M YoY-158.6%	14.4M YoY+92.7%	7.45M YoY+764.4%
	-427M YoY+37.5%	-683M YoY-163.4%	-259M YoY-169.3%	374M YoY+441.1%	-110M YoY+89.4%
Capital expenditure	164M YoY+13.6%	145M YoY+48.8%	97.2M YoY+40.3%	69.3M YoY+43.9%	48.2M YoY+11.8%
Free cash flow	808M YoY+27.2%	635M YoY+74.0%	365M YoY+44.5%	253M YoY+64.2%	154M YoY+324.5%
Acquisitions	834K YoY-99.8%	375M YoY+2295.3%	15.6M YoY-38.1%	25.3M YoY-37.6%	40.5M YoY+2.3%
Sales/maturities of investments	1.10B YoY-2.8%	1.13B YoY+25.5%	902M YoY-32.4%	1.33B YoY+70.0%	785M YoY+171.0%
	421M YoY+554.9%	64.2M YoY+39.6%	46.0M YoY+11.3%	41.3M YoY-0.8%	41.7M YoY-95.9%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	0.00 YoY+100.0%	-39.0K YoY-1850.0%	-2.00K YoY+60.0%	-5.00K	0.00
Net change in cash	966M YoY+500.4%	161M YoY-35.4%	249M YoY-66.2%	737M YoY+450.0%	134M YoY+111.5%
Interest paid	1.44M YoY+0.0%	1.44M YoY-0.1%	1.44M YoY+0.0%	1.44M YoY-1.6%	1.46M
Income taxes paid	23.3M YoY+0.9%	23.1M YoY+54.8%	14.9M YoY+166.5%	5.61M YoY+35.3%	4.14M YoY+64.1%
Valuation Ratios	as ofJul 31 ’25	as ofJul 31 ’24	as ofJul 31 ’23	as ofJul 31 ’22	as ofJul 31 ’21
Market cap	45.2B YoY+65.3%	27.3B YoY+15.9%	23.6B YoY+7.3%	22.0B YoY-31.9%	32.3B YoY+87.3%
P/S	16.9× YoY+34.0%	12.6× YoY-13.6%	14.6× YoY-35.6%	22.7× YoY-57.8%	53.7× YoY+34.2%
P/B	25.1× YoY+17.0%	21.5× YoY-34.1%	32.6× YoY-21.3%	41.4× YoY-34.9%	63.6× YoY+78.7%
P/FCF	55.9× YoY+29.9%	43.1× YoY-33.4%	64.6× YoY-40.8%	109.2× YoY-53.9%	236.8× YoY-50.3%
	1.8% YoY-23.0%	2.3% YoY+50.1%	1.5% YoY+68.9%	0.92% YoY+117.0%	0.42% YoY+101.0%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: ZS's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ZS filings on SEC EDGAR → Not investment advice.