Citable filing context
ZS's research view summarizes recent SEC filing context, starting with earnings from May 26, 2026.
| Filed | Item | Context |
|---|---|---|
| May 26, 2026 | earnings | Zscaler announced Q3 fiscal 2026 revenue of $850.5 million, representing 25% year-over-year growth. |
| Apr 16, 2026 | management_change | Raj Judge resigned as EVP of Corporate Strategy and member of the Board of Directors on April 15, 2026. |
| Feb 26, 2026 | earnings | Zscaler reported Q2 fiscal 2026 revenue of $815.8 million, up 26% year-over-year. |
| May 26, 2026 | Guidance: arr | 3740.00 to 3749.00 |
| May 26, 2026 | Guidance: free_cash_flow_margin | 22.80 to 23.30 |
| May 26, 2026 | Guidance: non_gaap_gross_margin | not reported to not reported |
| May 26, 2026 | mda_quarterly | Zscaler’s revenue for the nine months ended April 30, 2026, grew 26% to $2.45 billion, driven by a 17% increase in its customer base and expansion within existing accounts. Annual Recurring Revenue (ARR) rose to $3.525 billion. Despite this growth, the company reported a net loss of $59.8 million, reflecting aggressive investments in sales, marketing, and R&D to scale its Zero Trust platform. Zscaler is pivoting heavily toward AI security, evidenced by the acquisitions of Red Canary ($651.4 million), SquareX ($112.8 million), and SPLXAI ($40.6 million), alongside a pending $175 million agreement to acquire Symmetry Systems. While the company targets the replacement of legacy firewalls and VPNs, macroeconomic uncertainty has elongated sales cycles and increased customer scrutiny of large expenditures. Liquidity remains robust with $3.54 billion in cash and short-term investments, supported by the issuance of $1.725 billion in 0.0% convertible senior notes due 2028. Non-GAAP operating margins held steady at 22%, and the free cash flow margin reached 29%. |
| Feb 26, 2026 | mda_quarterly | Revenue for the six months ended January 31, 2026, increased 26% to $1.6 billion, with Annual Recurring Revenue (ARR) rising to $3.359 billion. Growth was primarily driven by a 15% increase in the customer base and the expansion of existing subscriptions through a land-and-expand model. Despite revenue growth, the company reported a net loss of $45.9 million, attributed to aggressive investments in research and development and sales to capture the AI-driven security market. Strategic acquisitions, including Red Canary for $651.4 million and SPLXAI for $40.6 million, aim to accelerate Agentic AI-driven security operations and AI security offerings. Zscaler continues to target the replacement of legacy firewalls and VPNs with Zero Trust architecture. However, macroeconomic uncertainty has elongated sales cycles and increased customer scrutiny of large expenditures. Liquidity remains strong with $3.5 billion in cash and short-term investments, supported by the issuance of $1.725 billion in 0.0% convertible senior notes due 2028. Non-GAAP operating margins held steady at 22%, and free cash flow for the period was $582.4 million. |
Source: SEC EDGAR filing text and events; period May 26, 2026; filed May 26, 2026.
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