Balance Sheet Zscaler, Inc.

Equities

ZS

US98980G1022

Software

Real-time Estimate Cboe BZX Other stock markets 01:54:12 2025-01-22 pm EST			5-day change	1st Jan Change
192.40 ^USD	+0.31%		+1.27%	+6.65%

Jan. 10	Zscaler Positioned for Billings Growth in Fiscal 2025, 2026, Oppenheimer Says	MT
Jan. 09	Zscaler, Inc. Presents at 27th Annual Needham Growth Conference, Jan-09-2025 12:45 PM

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Published financial data: ZSCALER, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: July	2020	2021	2022	2023	2024
Revenues	431M	673M	1.09B	1.62B	2.17B
Total Revenues	431M	673M	1.09B	1.62B	2.17B
Cost of Goods Sold, Total	95.73M	149M	241M	362M	475M
Gross Profit	336M	524M	850M	1.26B	1.69B
Selling General & Admin Expenses, Total	331M	541M	872M	1.12B	1.3B
Stock-Based Compensation (IS)	-	-	-	1.04M	-
R&D Expenses	97.88M	169M	284M	346M	494M
Other Operating Expenses	-	20.03M	20.46M	12.98M	21.42M
Other Operating Expenses, Total	429M	731M	1.18B	1.48B	1.81B
Operating Income	-93.75M	-206M	-327M	-228M	-121M
Interest Expense, Total	-5.02M	-53.36M	-56.58M	-6.54M	-13.13M
Interest And Investment Income	6.48M	2.81M	4.59M	60.46M	109M
Net Interest Expenses	1.45M	-50.55M	-51.99M	53.92M	96M
Currency Exchange Gains (Loss)	-300K	1.19M	-	-	-
Other Non Operating Income (Expenses)	76K	-	-4.21M	-1.86M	-3.75M
EBT, Excl. Unusual Items	-92.53M	-256M	-383M	-176M	-29.23M
Restructuring Charges	-746K	-416K	-	-6.56M	-
Merger & Related Restructuring Charges	-1.1M	-900K	-700K	-	-
Legal Settlements	-18.36M	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-113M	-257M	-384M	-183M	-29.23M
Income Tax Expense	2.39M	4.85M	6.65M	19.77M	28.48M
Earnings From Continuing Operations	-115M	-262M	-390M	-202M	-57.71M
Net Income to Company	-115M	-262M	-390M	-202M	-57.71M
Net Income - (IS)	-115M	-262M	-390M	-202M	-57.71M
Net Income to Common Incl Extra Items	-115M	-262M	-390M	-202M	-57.71M
Net Income to Common Excl. Extra Items	-115M	-262M	-390M	-202M	-57.71M
Per Share Items
Net EPS - Basic	-0.89	-1.93	-2.77	-1.4	-0.39
Basic EPS - Continuing Operations	-0.89	-1.93	-2.77	-1.4	-0.39
Basic Weighted Average Shares Outstanding	129M	136M	141M	145M	150M
Net EPS - Diluted	-0.89	-1.93	-2.77	-1.4	-0.39
Diluted EPS - Continuing Operations	-0.89	-1.93	-2.77	-1.4	-0.39
Diluted Weighted Average Shares Outstanding	129M	136M	141M	145M	150M
Normalized Basic EPS	-0.45	-1.18	-1.7	-0.76	-0.12
Normalized Diluted EPS	-0.45	-1.18	-1.7	-0.76	-0.12
American Depositary Receipts Ratio (ADR)	0.03	0.03	0.03	0.03	0.03
Supplemental Items
EBITDA	-77.34M	-182M	-299M	-196M	-90.24M
EBITA	-93.68M	-206M	-326M	-227M	-120M
EBIT	-93.75M	-206M	-327M	-228M	-121M
EBITDAR	-58.34M	-153M	-260M	-141M	-11.58M
Effective Tax Rate - (Ratio)	-2.12	-1.89	-1.73	-10.83	-97.43
Current Domestic Taxes	45K	126K	399K	4.98M	1.54M
Current Foreign Taxes	4.01M	7.1M	7M	14.44M	32.62M
Total Current Taxes	4.06M	7.23M	7.4M	19.42M	34.16M
Deferred Domestic Taxes	-1.11M	-352K	-1.04M	-	-5.22M
Deferred Foreign Taxes	-563K	-2.03M	296K	352K	-464K
Total Deferred Taxes	-1.67M	-2.38M	-747K	352K	-5.68M
Normalized Net Income	-57.83M	-160M	-239M	-110M	-18.27M
Interest on Long-Term Debt	5.02M	53.36M	56.58M	6.54M	13.13M
Supplemental Operating Expense Items
Advertising Expense	11.8M	11.8M	22.1M	24M	25M
Selling and Marketing Expenses	278M	448M	724M	947M	1.09B
General and Administrative Expenses	53.43M	93.02M	148M	176M	210M
Research And Development Expense From Footnotes	99.28M	187M	310M	384M	550M
Net Rental Expense, Total	19M	29.4M	38.06M	54.48M	78.66M
Imputed Operating Lease Interest Expense	-	13.43M	17.14M	2.52M	6.72M
Imputed Operating Lease Depreciation	-	15.98M	20.92M	51.97M	71.94M
Stock-Based Comp., COGS (Total)	7.32M	14.04M	23.85M	39.17M	50.82M
Stock-Based Comp., R&D Exp. (Total)	30.17M	67.8M	118M	118M	181M
Stock-Based Comp., S&M Exp. (Total)	66.54M	133M	191M	216M	219M
Stock-Based Comp., G&A Exp. (Total)	17.36M	43.58M	76.32M	71.12M	77.21M
Stock-Based Comp., Other (Total)	-	-	-	1.04M	-
Total Stock-Based Compensation	121M	259M	410M	445M	528M

Fiscal Period: July	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	142M	276M	1.01B	1.26B	1.42B
Short Term Investments	1.23B	1.23B	718M	838M	987M
Total Cash And Short Term Investments	1.37B	1.5B	1.73B	2.1B	2.41B
Accounts Receivable, Total	148M	257M	400M	583M	737M
Other Receivables	-	3.9M	1.3M	7.2M	10.7M
Total Receivables	148M	261M	401M	590M	747M
Prepaid Expenses	31.4M	26.83M	37.42M	69.78M	86.19M
Other Current Assets, Total	32.24M	57.92M	86.84M	130M	154M
Total Current Assets	1.58B	1.85B	2.26B	2.89B	3.4B
Gross Property Plant And Equipment	162M	230M	352M	489M	723M
Accumulated Depreciation	-50.63M	-77.22M	-119M	-176M	-250M
Net Property Plant And Equipment	112M	153M	233M	313M	473M
Long-term Investments	-	5.1M	5.1M	7.8M	9.8M
Goodwill	30.06M	58.98M	78.55M	89.19M	417M
Other Intangibles, Total	24.02M	32.13M	37.42M	32.86M	73.44M
Deferred Charges Long-Term	77.68M	150M	211M	259M	297M
Other Long-Term Assets, Total	8.05M	10.55M	11.17M	15.72M	38.68M
Total Assets	1.83B	2.26B	2.83B	3.61B	4.7B
Liabilities
Accounts Payable, Total	5.23M	12.55M	26.15M	18.48M	23.31M
Accrued Expenses, Total	65.7M	115M	144M	193M	243M
Current Portion of Long-Term Debt	-	-	-	6.44M	1.15B
Current Portion of Leases	15.6M	19.84M	26.1M	34.47M	50.87M
Unearned Revenue Current, Total	337M	571M	924M	1.28B	1.64B
Other Current Liabilities	100K	1.32M	14.35M	1.92M	5.48M
Total Current Liabilities	424M	720M	1.13B	1.54B	3.11B
Long-Term Debt	862M	914M	969M	1.14B	-
Long-Term Leases	28.02M	31.22M	50.95M	41.92M	44.82M
Unearned Revenue Non Current	32.5M	59.32M	97.37M	159M	251M
Other Non Current Liabilities	2.59M	4.45M	7.92M	11.14M	22.1M
Total Liabilities	1.35B	1.73B	2.26B	2.88B	3.43B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	133K	139K	143K	147K	152K
Additional Paid In Capital	824M	1.13B	1.59B	1.82B	2.43B
Retained Earnings	-340M	-602M	-992M	-1.09B	-1.15B
Comprehensive Income and Other	463K	-650K	-25.85M	-1.58M	-4.79M
Total Common Equity	485M	529M	573M	725M	1.27B
Total Equity	485M	529M	573M	725M	1.27B
Total Liabilities And Equity	1.83B	2.26B	2.83B	3.61B	4.7B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	133M	139M	143M	147M	152M
ECS Total Common Shares Outstanding	133M	139M	143M	147M	152M
Book Value / Share	3.65	3.81	4.01	4.93	8.36
Tangible Book Value	431M	438M	457M	603M	784M
Tangible Book Value Per Share	3.24	3.16	3.2	4.1	5.14
Total Debt	905M	965M	1.05B	1.22B	1.24B
Net Debt	-465M	-538M	-686M	-882M	-1.17B
Debt Equivalent Oper. Leases	152M	235M	304M	436M	629M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	93.26M	138M	199M	289M	427M
Full Time Employees	2.02K	3.15K	4.98K	5.96K	7.35K

Fiscal Period: July	2020	2021	2022	2023	2024
Net Income	-115M	-262M	-390M	-202M	-57.71M
Depreciation & Amortization - CF	16.33M	23.76M	27.46M	31.56M	30.01M
Amortization of Goodwill and Intangible Assets - (CF)	75K	327K	712K	773K	1.23M
Depreciation & Amortization, Total	16.41M	24.09M	28.17M	32.33M	31.24M
Amortization of Deferred Charges, Total - (CF)	34.52M	105M	145M	137M	184M
(Gain) Loss on Sale of Investments - (CF)	50K	11.72M	6.58M	-6.58M	-19.06M
Asset Writedown & Restructuring Costs	746K	416K	-	-	-
Stock-Based Compensation (CF)	121M	259M	410M	445M	528M
Other Operating Activities, Total	12.7M	18.9M	25.46M	28.42M	47.88M
Change In Accounts Receivable	-54.22M	-112M	-143M	-184M	-153M
Change In Accounts Payable	862K	7.45M	14.36M	-8.42M	4.16M
Change in Unearned Revenues	118M	262M	391M	419M	450M
Change in Other Net Operating Assets	-56.04M	-113M	-165M	-198M	-235M
Cash from Operations	79.32M	202M	322M	462M	780M
Capital Expenditure	-43.07M	-48.16M	-69.3M	-97.2M	-145M
Cash Acquisitions	-39.6M	-40.53M	-25.29M	-15.64M	-375M
Sale (Purchase) of Intangible assets	-8.74M	-10.13M	-21.28M	-31.53M	-50.31M
Investment in Marketable and Equity Securities, Total	-947M	-10.84M	490M	-115M	-114M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-1.04B	-110M	374M	-259M	-683M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	1.13B	-	-	-	-
Total Debt Issued	1.13B	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	36.94M	43.92M	41.59M	46.21M	64.25M
Repurchase of Common Stock	-	-	-	-	-
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-145M	-2.25M	-255K	-217K	-39K
Cash from Financing	1.02B	41.68M	41.34M	45.99M	64.21M
Net Change in Cash	63.37M	134M	737M	249M	161M
Supplemental Items
Cash Interest Paid	-	1.46M	1.44M	1.44M	1.44M
Cash Income Tax Paid (Refund)	2.52M	4.14M	5.61M	14.94M	23.12M
Levered Free Cash Flow	125M	324M	481M	461M	688M
Unlevered Free Cash Flow	124M	306M	461M	461M	692M
Change In Net Working Capital	-66.57M	-158M	-228M	-122M	-224M
Net Debt Issued / Repaid	1.13B	-	-	-	-

Fiscal Period: July	2020	2021	2022	2023	2024
Profitability
Return on Assets	-4.81	-6.31	-8.02	-4.43	-1.83
Return on Total Capital	-6.9	-8.95	-13.12	-8	-3.4
Return On Equity %	-29.02	-51.7	-70.82	-31.17	-5.77
Return on Common Equity	-29.02	-51.7	-70.82	-31.17	-5.77
Margin Analysis
Gross Profit Margin %	77.8	77.85	77.92	77.63	78.08
SG&A Margin	76.85	80.41	79.96	69.44	59.89
EBITDA Margin %	-17.93	-27.1	-27.37	-12.1	-4.16
EBITA Margin %	-21.72	-30.63	-29.88	-14.06	-5.55
EBIT Margin %	-21.74	-30.68	-29.95	-14.1	-5.6
Income From Continuing Operations Margin %	-26.69	-38.93	-35.77	-12.51	-2.66
Net Income Margin %	-26.69	-38.93	-35.77	-12.51	-2.66
Net Avail. For Common Margin %	-26.69	-38.93	-35.77	-12.51	-2.66
Normalized Net Income Margin	-13.41	-23.76	-21.94	-6.8	-0.84
Levered Free Cash Flow Margin	29.06	48.18	44.09	28.5	31.72
Unlevered Free Cash Flow Margin	28.66	45.42	42.28	28.51	31.92
Asset Turnover
Asset Turnover	0.35	0.33	0.43	0.5	0.52
Fixed Assets Turnover	5.64	5.08	5.65	5.92	5.52
Receivables Turnover (Average Receivables)	3.58	3.33	3.32	3.29	3.29
Short Term Liquidity
Current Ratio	3.73	2.57	1.99	1.88	1.09
Quick Ratio	3.58	2.45	1.88	1.75	1.01
Operating Cash Flow to Current Liabilities	0.19	0.28	0.28	0.3	0.25
Days Sales Outstanding (Average Receivables)	102.23	109.73	109.88	110.88	111.36
Average Days Payable Outstanding	21.87	21.77	29.33	22.52	16.09
Long Term Solvency
Total Debt/Equity	186.71	182.38	182.4	168.05	97.46
Total Debt / Total Capital	65.12	64.59	64.59	62.69	49.36
LT Debt/Equity	183.5	178.63	177.85	162.41	3.52
Long-Term Debt / Total Capital	64	63.26	62.98	60.59	1.78
Total Liabilities / Total Assets	73.56	76.57	79.76	79.9	72.92
EBIT / Interest Expense	-18.66	-3.87	-5.77	-34.87	-9.25
EBITDA / Interest Expense	-11.61	-2.87	-4.6	-21.59	-0.88
(EBITDA - Capex) / Interest Expense	-20.18	-3.77	-5.83	-36.45	-11.89
Total Debt / EBITDA	-15.52	-6.3	-4.01	-8.63	-107.27
Net Debt / EBITDA	7.98	3.52	2.63	6.24	100.89
Total Debt / (EBITDA - Capex)	-8.93	-4.8	-3.17	-5.11	-7.95
Net Debt / (EBITDA - Capex)	4.59	2.67	2.08	3.7	7.48
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	42.41	56.07	62.08	48.22	34.07
Gross Profit, 1 Yr. Growth %	37.99	55.93	62.23	47.66	34.84
EBITDA, 1 Yr. Growth %	517.52	146.37	69.7	-32.57	-51.34
EBITA, 1 Yr. Growth %	327.31	128.14	63.25	-28.46	-44.59
EBIT, 1 Yr. Growth %	327.44	120.25	58.23	-30.2	-46.73
Earnings From Cont. Operations, 1 Yr. Growth %	301.73	127.62	48.94	-48.16	-71.48
Net Income, 1 Yr. Growth %	301.73	127.62	48.94	-48.16	-71.48
Normalized Net Income, 1 Yr. Growth %	536.66	176.53	49.66	-54.04	-83.39
Diluted EPS Before Extra, 1 Yr. Growth %	283.85	117	43.4	-49.6	-72.37
Accounts Receivable, 1 Yr. Growth %	58.11	74.21	55.48	45.75	26.41
Net Property, Plant and Equip., 1 Yr. Growth %	172.51	36.71	52.37	34.35	51.07
Total Assets, 1 Yr. Growth %	203.47	23.14	25.47	27.38	30.39
Tangible Book Value, 1 Yr. Growth %	47.33	1.64	5.09	31.86	29.94
Common Equity, 1 Yr. Growth %