Flagship explainer
How ZSCALER, INC. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $2.7B | 100% |
| |
| Cost of revenue | $618M | 23% |
|
| $2.1B | 77% |
| |
| −$128M | −5% |
| |
| Income before tax | −$18.3M | −1% |
|
| Income tax | $23.2M | 1% |
|
| −$41.5M | −2% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001713683-25-000158