Zscaler, Inc. (ZS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 850.48M | 815.75M | 788.11M | 719.23M | 678.03M | 647.9M | 627.96M | 592.87M | 553.2M | 525M | 496.7M | 455.01M | 418.8M | 387.6M | 355.55M | 318.06M | 286.81M | 255.56M | 230.52M | 197.07M |
| Revenue Growth % | 25.43% | 25.91% | 25.5% | 21.31% | 22.57% | 23.41% | 26.42% | 30.3% | 32.09% | 35.45% | 39.7% | 43.06% | 46.02% | 51.66% | 54.24% | 61.39% | 62.59% | 62.73% | 61.68% | 56.55% |
| Cost of Goods Sold | 192.65M | 191.26M | 184.75M | 172.24M | 155.86M | 148.41M | 142.3M | 130.78M | 119.1M | 117.89M | 111.89M | 102.72M | 95.88M | 87.27M | 76.6M | 68.68M | 64.28M | 58.01M | 52.34M | 45.59M |
| COGS % of Revenue | 22.65% | 23.45% | 23.44% | 23.95% | 22.99% | 22.91% | 22.66% | 22.06% | 21.53% | 22.45% | 22.53% | 22.58% | 22.89% | 22.52% | 21.54% | 21.59% | 22.41% | 22.7% | 22.71% | 23.13% |
| Gross Profit | 657.82M | 624.49M | 603.36M | 547.62M | 522.18M | 499.49M | 485.65M | 462.09M | 434.1M | 407.11M | 384.81M | 352.28M | 322.92M | 300.32M | 278.95M | 249.38M | 222.53M | 197.55M | 178.18M | 151.49M |
| Gross Margin % | 77.35% | 76.55% | 76.56% | 76.14% | 77.01% | 77.09% | 77.34% | 77.94% | 78.47% | 77.55% | 77.47% | 77.42% | 77.11% | 77.48% | 78.46% | 78.41% | 77.59% | 77.3% | 77.3% | 76.87% |
| Gross Profit Growth % | 25.98% | 25.03% | 24.24% | 18.51% | 20.29% | 22.69% | 26.2% | 31.17% | 34.43% | 35.56% | 37.95% | 41.27% | 45.11% | 52.03% | 56.55% | 64.62% | 62.01% | 60.82% | 60.84% | 60.34% |
| Operating Expenses | 687.46M | 676.26M | 639.72M | 579.23M | 544.61M | 536.47M | 517.53M | 487.76M | 438.52M | 454.18M | 431.52M | 394.24M | 371.06M | 361.3M | 343.32M | 331.9M | 309.12M | 281.48M | 252.55M | 218.88M |
| OpEx % of Revenue | 80.83% | 82.9% | 81.17% | 80.53% | 80.32% | 82.8% | 82.41% | 82.27% | 79.27% | 86.51% | 86.88% | 86.64% | 88.6% | 93.21% | 96.56% | 104.35% | 107.78% | 110.14% | 109.56% | 111.07% |
| Selling, General & Admin | 455.18M | 447.13M | 439.22M | 401.62M | 375.31M | 365.96M | 363.25M | 348.73M | 313.51M | 332.02M | 317.99M | 298.04M | 278.78M | 276.31M | 269.27M | 253.95M | 232.63M | 212.34M | 187.33M | 162.71M |
| SG&A % of Revenue | 53.52% | 54.81% | 55.73% | 55.84% | 55.35% | 56.48% | 57.85% | 58.82% | 56.67% | 63.24% | 64.02% | 65.5% | 66.57% | 71.29% | 75.73% | 79.84% | 81.11% | 83.09% | 81.27% | 82.56% |
| Research & Development | 232.28M | 229.14M | 200.5M | 177.61M | 169.29M | 170.51M | 154.28M | 139.03M | 125.02M | 122.16M | 113.54M | 96.2M | 92.28M | 84.98M | 74.05M | 77.95M | 76.5M | 69.14M | 65.22M | 56.18M |
| R&D % of Revenue | 27.31% | 28.09% | 25.44% | 24.69% | 24.97% | 26.32% | 24.57% | 23.45% | 22.6% | 23.27% | 22.86% | 21.14% | 22.04% | 21.93% | 20.83% | 24.51% | 26.67% | 27.05% | 28.29% | 28.51% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -29.64M | -51.77M | -36.36M | -32.24M | -22.43M | -36.99M | -31.88M | -25.68M | -4.42M | -47.07M | -46.71M | -41.95M | -48.14M | -60.97M | -64.37M | -82.53M | -86.6M | -83.93M | -74.37M | -67.4M |
| Operating Margin % | -3.49% | -6.35% | -4.61% | -4.48% | -3.31% | -5.71% | -5.08% | -4.33% | -0.8% | -8.97% | -9.4% | -9.22% | -11.5% | -15.73% | -18.11% | -25.95% | -30.19% | -32.84% | -32.26% | -34.2% |
| Operating Income Growth % | -32.15% | -39.98% | -14.08% | -25.58% | -407.1% | 21.42% | 31.76% | 38.8% | 90.81% | 22.8% | 27.44% | 49.16% | 44.4% | 27.36% | 13.44% | -22.45% | -97.48% | -55.72% | -76.02% | -50.16% |
| EBITDA | -32.87M | -5.71M | 4.92M | -14.73M | 10.03M | -8.25M | -6.21M | -1.28M | 16.63M | -28.59M | -19.81M | -14.09M | -22.31M | -37.17M | -42.84M | -42.82M | -49.59M | -65.33M | -57.1M | -39.25M |
| EBITDA Margin % | -3.86% | -0.7% | 0.62% | -2.05% | 1.48% | -1.27% | -0.99% | -0.22% | 3.01% | -5.45% | -3.99% | -3.1% | -5.33% | -9.59% | -12.05% | -13.46% | -17.29% | -25.56% | -24.77% | -19.92% |
| EBITDA Growth % | -427.85% | 30.75% | 179.23% | -1054.55% | -39.71% | 71.13% | 68.64% | 90.95% | 174.54% | 23.1% | 53.76% | 67.08% | 55.02% | 43.1% | 24.97% | -9.1% | -174.16% | -113.29% | -166.92% | -45.63% |
| D&A (Non-Cash Add-back) | -3.23M | 46.06M | 41.28M | 17.51M | 32.45M | 28.73M | 25.66M | 24.4M | 21.05M | 18.48M | 26.9M | 27.86M | 25.84M | 23.8M | 21.54M | 39.71M | 37M | 18.6M | 17.27M | 28.15M |
| EBIT | -26.41M | -17.08M | -6.25M | 17.19M | 6.53M | -14.26M | -1.41M | -1.37M | 23.25M | -16.68M | -21.34M | -23.31M | -37.92M | -52.43M | -62.08M | -80.7M | -87.65M | -84.22M | -74.49M | -66.54M |
| Net Interest Income | 31.34M | 29.67M | 31.03M | 31.1M | 29.29M | 28.6M | 27.05M | 23.5M | 25.19M | 24.56M | 22.8M | 18.63M | 17.14M | 11.34M | 6.53M | -11.85M | -13.3M | -13.48M | -13.36M | -13.11M |
| Interest Income | 34.04M | 33.89M | 33.15M | 33.17M | 31.26M | 30.88M | 30.05M | 27.23M | 27.57M | 28.39M | 25.94M | 21.35M | 18.58M | 12.67M | 7.87M | 2.61M | 949K | 557K | 473K | 524K |
| Interest Expense | 2.7M | 4.22M | 2.13M | 2.07M | 1.97M | 2.28M | 3M | 3.73M | 2.38M | 3.83M | 3.14M | 2.72M | 1.44M | 1.33M | 1.33M | 14.46M | 14.25M | 14.04M | 13.84M | 13.63M |
| Other Income/Expense | 27.27M | 30.48M | 27.99M | 30.34M | 26.99M | 20.45M | 27.46M | 20.57M | 25.29M | 26.56M | 22.23M | 15.93M | 8.78M | 7.21M | 958K | -12.63M | -15.3M | -14.33M | -13.95M | -12.78M |
| Pretax Income | -2.37M | -21.3M | -8.37M | -1.9M | 4.56M | -16.54M | -4.41M | -5.1M | 20.87M | -20.5M | -24.49M | -26.03M | -39.36M | -53.76M | -63.42M | -95.15M | -101.89M | -98.26M | -88.32M | -80.18M |
| Pretax Margin % | -0.28% | -2.61% | -1.06% | -0.26% | 0.67% | -2.55% | -0.7% | -0.86% | 3.77% | -3.91% | -4.93% | -5.72% | -9.4% | -13.87% | -17.84% | -29.92% | -35.53% | -38.45% | -38.31% | -40.68% |
| Income Tax | 11.51M | 13.01M | 3.24M | 15.68M | 8.69M | -8.81M | 7.64M | 9.77M | 1.74M | 7.96M | 9M | 4.65M | 6.68M | 3.69M | 4.75M | 2.5M | -490K | 2.16M | 2.48M | 845K |
| Effective Tax Rate % | -485.53% | -61.1% | -38.7% | -823.7% | 190.4% | 53.29% | -173.02% | -191.5% | 8.35% | -38.84% | -36.74% | -17.86% | -16.98% | -6.87% | -7.48% | -2.63% | 0.48% | -2.2% | -2.81% | -1.05% |
| Net Income | -13.88M | -34.31M | -11.62M | -17.58M | -4.13M | -7.72M | -12.05M | -14.88M | 19.12M | -28.47M | -33.48M | -30.67M | -46.05M | -57.45M | -68.16M | -97.65M | -101.41M | -100.42M | -90.8M | -81.02M |
| Net Margin % | -1.63% | -4.21% | -1.47% | -2.44% | -0.61% | -1.19% | -1.92% | -2.51% | 3.46% | -5.42% | -6.74% | -6.74% | -10.99% | -14.82% | -19.17% | -30.7% | -35.36% | -39.29% | -39.39% | -41.11% |
| Net Income Growth % | -236.56% | -344.23% | 3.62% | -18.15% | -121.57% | 72.87% | 64.01% | 51.5% | 141.53% | 50.45% | 50.88% | 68.59% | 54.59% | 42.79% | 24.93% | -20.52% | -73.46% | -48.68% | -65.07% | -63.52% |
| Net Income (Continuing) | -13.88M | -34.31M | -11.62M | -17.58M | -4.13M | -7.72M | -12.05M | -14.88M | 19.12M | -28.47M | -33.48M | -30.67M | -46.05M | -57.45M | -68.16M | -97.65M | -101.41M | -100.42M | -90.8M | -81.02M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.09 | -0.21 | -0.07 | -0.11 | -0.03 | -0.05 | -0.08 | -0.10 | 0.12 | -0.19 | -0.23 | -0.21 | -0.32 | -0.40 | -0.48 | -0.69 | -0.72 | -0.71 | -0.65 | -0.59 |
| EPS Growth % | -238.35% | -317.5% | 11.39% | -12.02% | -122.17% | 73.53% | 65.65% | 53.24% | 137.5% | 52.5% | 52.08% | 69.57% | 55.56% | 43.66% | 26.15% | -16.95% | -67.44% | -42% | -58.54% | -55.26% |
| EPS (Basic) | -0.09 | -0.21 | -0.07 | -0.11 | -0.03 | -0.05 | -0.08 | -0.10 | 0.13 | -0.19 | -0.23 | -0.21 | -0.32 | -0.40 | -0.48 | -0.69 | -0.72 | -0.71 | -0.65 | -0.59 |
| Diluted Shares Outstanding | 160.74M | 159.68M | 158.6M | 156.5M | 154.91M | 153.67M | 152.56M | 151.5M | 154.08M | 148.95M | 147.63M | 146.42M | 145.35M | 144.51M | 143.48M | 142.35M | 141.42M | 140.51M | 139.3M | 137.78M |
| Basic Shares Outstanding | 160.74M | 159.68M | 158.6M | 156.5M | 154.91M | 153.67M | 152.56M | 149.59M | 150.29M | 148.95M | 147.63M | 146.42M | 145.35M | 144.51M | 143.48M | 142.35M | 141.42M | 140.51M | 139.3M | 137.78M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |