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Zscaler, Inc. (ZS) Stock Grade

ZS · Technology

C
Grade updated: September 29, 2026
Computed by the GradeMyInvestments scoring model from revenue growth, profitability, balance-sheet strength, and analyst targets.
Market Cap
$32.2B
P/E Ratio
—
Revenue Growth (YoY)
+25.4%
Net Margin
-1.9%
Return on Equity
—
Dividend Yield
None

About Zscaler, Inc.'s fundamentals

Zscaler operates a $32.2 billion software infrastructure business with strong revenue momentum, growing 25.4% year-over-year, though the company reported a net loss with a -1.9% net margin in its latest annual statement. Despite accounting losses, the business generates positive free cash flow, indicating the underlying operations produce cash despite current profitability challenges. The company does not pay a dividend and lacks traditional valuation metrics like P/E ratio and ROE due to its loss position.

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