ZS at a glance
Zscaler (ZS, SEC CIK 1713683) filed its latest 10-K annual report on September 3, 2026, a 10-Q quarterly report on May 26, 2026, an 8-K current report on October 6, 2026 and Form 4 insider filings as recently as September 28, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended July 31, 2026 (FY2026), Zscaler (ZS) reported revenue of $3.4 billion (up 25.4% from FY2025) and a net loss of $63.2 million. Diluted EPS was -$0.39.
- As of June 30, 2026, 38 institutional investment managers tracked by SignalX reported holding Zscaler (ZS) shares worth $5.1 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by RUBIN KEVIN on September 25, 2026 of 36 shares at $203.15 per share.
- In the last 90 days, ZS insiders reported 0 open-market purchases ($0) and 31 open-market sales ($6.4M) on Form 4, a net sale of $6.4M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2026
- $3.4B
- +25.4% vs prior year
- Insiders · 90 days
- 0 buys · 31 sells
- Net −$6.4M
- 13F holders
- 38 funds
- $5.1B · +0 vs prior quarter
- Latest 8-K
- Sep 24, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Jul 31, 2026
Business Overview
- Core model: Cloud-native Zero Trust Exchange platform securing users, devices, workloads and AI agents in the AI era
- New emphasis on Security for AI, enabling governance, protection, and risk mitigation across AI applications, models and autonomous agents
- Strategic shift to integrated AI-driven security across entire zero trust architecture to combat AI-enabled cyberthreats and enable safe AI adoption
- Revenue growth to $3.35B in fiscal 2026, up 25% YoY; R&D spend up to $903.4M; expanded to 11,000 customers globally including 40% Forbes G2000
- Platform processes 750B daily transactions, leveraging AI and scale to deliver real-time inline threat detection and rapid policy updates across 185 countries
Management Discussion & Analysis
- Revenue $3,352.5M in fiscal 2026, up 25% YoY from $2,673.1M in fiscal 2025 (+$679.4M)
- Gross margin flat at 77% in fiscal 2026 vs 77% in fiscal 2025; cost of revenue up 26% to $777.6M
- Operating margin (4)% in fiscal 2026 vs (5)% in fiscal 2025; net loss widened to $63.2M from $41.5M
- Single segment company; best performer was subscription revenue growth adding $474.6M from existing customers; new customers added $204.8M
- Operating cash flow $1,129.7M, free cash flow $779.1M; capex $350.5M, acquisitions $918.1M; no stock buybacks, proceeds of $59.4M from ESPP and $4.0M from option exercises
- Management expects continued investments in sales/marketing and R&D; sufficient liquidity for 12+ months; macroeconomic uncertainty and AI-driven cyber threats are key risks
Risk Factors
- Regulatory risk: EU Data Act enabling customer subscription cancellations on short notice, impacting renewal rates and deferred contract acquisition costs
- Geopolitical exposure: 47% revenues international, with significant risks from Russia-Ukraine and Middle East conflicts affecting operations, supply, and cybersecurity threats
- Supply chain vulnerability: reliance on limited suppliers and sole-source components; geopolitical tensions (e.g., China-Taiwan conflict) threaten critical data center hardware availability
- Competitive disruption: major competitors and AI-armed entrants developing cloud and AI-based security solutions; hyperscalers and telecom providers expanding offerings
- Financial risk: net losses $63.2M FY26, $1.25B accumulated deficit, increased operating expenses, and $1.725B 0% convertible notes maturing in 2028 requiring substantial cash for repayment or conversion
AI summary of the ZS 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Apr 30, 2026
Management Discussion & Analysis
- Quarterly revenue $850.5M vs $678.0M, up $172.4M YoY
- GAAP gross margin 77% vs 77%; non-GAAP operating margin 23% vs 22%
- One reportable segment; ARR $3,525M vs $2,817M YoY
- Operating cash flow $198.0M vs $211.1M; free cash flow $136.0M vs $119.5M
- Customer scrutiny and elongated approval processes, particularly for larger deals
Risk Factors
- No newly added risk factor identified; filing presents principal risks without quarter-over-quarter change disclosure
- Channel concentration risk: top five partners represented 30% of nine-month revenue through April 30, 2026
- AI-driven competitive risk: AI may lower entry barriers and accelerate alternative security-solution development
- Customer-retention risk: EU Data Act may permit cancellation without cause on 30–60 days’ notice
- Profitability risk: accumulated deficit reached $1,249.4 million as of April 30, 2026
AI summary of the ZS 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Ross Tackett promoted to Chief Revenue Officer effective October 1, 2026
- Mike Rich stepping down as officer October 1, 2026, remaining strategic advisor through December 31, 2026
Item 2.02: Results of Operations and Financial Condition
- Fiscal fourth-quarter and full-year results ended July 31, 2026 announced
- Exhibit 99.1 contains the financial results and related investor details
Item 2.05: Costs Associated with Exit or Disposal Activities
- Workforce reduction targeting approximately 3% of global headcount
- $30.0 million–$33.0 million in primarily severance and benefit charges
AI summaries of ZS 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for ZS
Don't miss the next ZS filing
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- Fund moves. Which tracked funds opened, added or cut ZS, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| RUBIN KEVIN | Sell | Sep 25, 2026 | 36 | $203.15 |
| RUBIN KEVIN | Sell | Sep 25, 2026 | 12 | $204.42 |
| RUBIN KEVIN | Sell | Sep 25, 2026 | 20 | $201.11 |
| RUBIN KEVIN | Sell | Sep 25, 2026 | 3 | $197.32 |
| RUBIN KEVIN | Sell | Sep 25, 2026 | 9 | $199.71 |
| RUBIN KEVIN | Sell | Sep 25, 2026 | 5 | $202.06 |
| RUBIN KEVIN | Sell | Sep 25, 2026 | 189 | $195.64 |
| RUBIN KEVIN | Sell | Sep 25, 2026 | 100 | $194.76 |
Financial SummaryXBRL
| Metric | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $2.7B | $3.4B |
| Gross Profit | - | $2.1B | $2.6B |
| Operating Income | - | -$128.5M | -$133.3M |
| Net Income | - | -$41.5M | -$63.2M |
| Gross Margin | - | 76.9% | 76.8% |
| Op. Margin | - | -4.8% | -4.0% |
| Net Margin | - | -1.6% | -1.9% |
| Balance Sheet | |||
| Total Assets | $4.7B | $6.4B | $7.9B |
| Equity | - | $1.8B | $2.6B |
| ROE | - | -2.3% | -2.4% |
| Per Share | |||
| EPS | - | $-0.27 | $-0.39 |
| Cash Flow | |||
| Operating CF | - | $972.5M | $1.1B |
| CapEx | $144.6M | $164.3M | $277.3M |
Source: XBRL data in Zscaler (ZS)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate ZS share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 38 | $5.12B |
| Q1 2026 | 38 | $6.04B |
| Q4 2025 | 36 | $11.00B |
| Q3 2025 | 38 | $13.66B |
| Q2 2025 | 35 | $13.61B |
| Q1 2025 | 32 | $5.72B |
| Q4 2024 | 28 | $4.50B |
| Q3 2024 | 24 | $2.06B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 269 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
ZS filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 6, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 8-K | Sep 24, 2026 | - | Analysis | - |
| 4 | Sep 21, 2026 | - | - | - |
| 4 | Sep 21, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 10-K | Sep 3, 2026 | Jul 31, 2026 | Analysis | |
| 8-K | Sep 3, 2026 | - | Analysis | - |
| 4 | Aug 26, 2026 | - | - | - |
| SC 13G | Jul 30, 2026 | - | - | |
| 4 | Jul 28, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jun 26, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
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ZS SEC filings: frequently asked questions
Are ZS insiders buying or selling?
In the last 90 days, Zscaler (ZS) officers, directors and 10% owners reported no open-market purchases and 31 open-market sales worth $6.4 million by 6 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold ZS stock?
As of June 30, 2026, the largest Zscaler (ZS) holders among the 13F filers tracked by SignalX were BlackRock ($1.4 billion), Vanguard Portfolio Management LLC ($874.7 million), Vanguard Capital Management LLC ($666.4 million), Goldman Sachs Group ($446.3 million), State Street Corp ($352.0 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was ZS's revenue in fiscal year 2026?
For the fiscal year ended July 31, 2026 (FY2026), Zscaler (ZS) reported revenue of $3.4 billion (up 25.4% from FY2025) and a net loss of $63.2 million. Diluted EPS was -$0.39. The figures come from the XBRL data in the 10-K.
What are the main risks in ZS's latest 10-K?
In the 10-K filed September 3, 2026, Zscaler (ZS) flagged: Regulatory risk: EU Data Act enabling customer subscription cancellations on short notice, impacting renewal rates and deferred contract acquisition costs. Geopolitical exposure: 47% revenues international, with significant risks from Russia-Ukraine and Middle East conflicts affecting operations, supply, and cybersecurity threats. (AI summary of the Risk Factors section.)
What did ZS report in its latest 8-K?
Zscaler (ZS) filed an 8-K on September 24, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Ross Tackett promoted to Chief Revenue Officer effective October 1, 2026.
What are the latest ZS SEC filings?
Zscaler (ZS) filed its latest 10-K annual report on September 3, 2026, a 10-Q quarterly report on May 26, 2026, an 8-K current report on October 6, 2026 and a Form 4 insider filing on September 28, 2026.
What is ZS's SEC CIK number?
Zscaler (ZS)'s SEC Central Index Key (CIK) is 1713683. EDGAR lists every ZS filing under that number.
Ask anything about ZS
The research agent reads ZS's filings, financials, insider trades and 13F holders, then answers with sources.