Zscaler, Inc.
Zscaler, Inc. (ZS) is listed on NASDAQ and classified in Software - Infrastructure, part of the Technology sector. It is headquartered in San Jose, United States and has 8,700 employees. The company is worth $38.77B. Revenue was $3.35B in fiscal 2026, up 25.4% from the year before. It reported a net loss of $63.18M. The share price is 29.4% below its 52-week high of $336.99. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $192.43M. In that quarter, 4 of them opened or added to the position and 2 reduced it. Over the last 30 days, company insiders sold $5.75M of its stock on the open market and bought none. All of those sales were scheduled in advance under 10b5-1 plans.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -40.2% over 5Y.
today you would have $650.38▼ -35.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 9 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $207.38 | $224.92 | $180.41 | $221.56 | $111.90 | $321.33 | $199.71 | $46.50 | $39.21 | |
| P/S | 19.6x | 10.1x | 13.3x | 12.7x | 20.2x | 14.7x | 66.2x | 61.5x | 19.6x | 24.7x |
| P/B | 21.6x | 13.0x | 19.8x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| TWLOTwilio Inc | $253.63 | 35.1x | 4.3x | 0.00% | 13.50% | $38.95B |
| STMSTMicroelectronics N.V. | $44.09 | 1102.3x | 2.2x | 0.82% | 2.69% | $39.48B |
| PEverpure, Inc. | $121.20 | 178.2x | 26.2x | 0.00% | 17.71% | $40.39B |
| MCHPMicrochip Technology Inc | $74.52 |
| 21.6x |
| 45.0x |
| 27.9x |
| 84.3x |
| 54.7x |
| 19.2x |
| 19.5x |
| EPS | -$0.39 | -$0.27 | -$0.39 | -$1.40 | -$2.77 | -$1.93 | -$0.89 | -$0.23 | -$0.63 |
| Profit margin | -12.51% | -1.88% | -1.55% | -2.66% | -12.51% | -35.77% | -38.93% | -26.69% | -9.46% | -17.69% |
| ROE | -14.01% | -2.43% | -2.31% | -4.53% | -27.90% | -68.08% | -49.54% | -23.74% | -9.29% | -14.01% |
Median of the years shown; P/E years above 200x are left out.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
1 methods answered, across 1 families.
Room for errors in the reported numbers.
-65.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 109.6x |
| 6.3x |
| 2.44% |
| 7.19% |
| $40.47B |
| COHRCoherent Corp | $207.82 | 57.7x | 3.7x | 0.00% | 7.98% | $40.93B |
| UIUbiquiti Inc. | $595.62 | 37.6x | 25.0x | 0.67% | 91.09% | $36.05B |