ZS Zscaler

company

SEC Filings & Insider Trading Activity 2026

Risk Factors

• • Regulatory risk: EU Data Act allowing customers to cancel subscriptions with 30-60 days' notice, impacting contract terms and revenues
• • Macroeconomic threat: Global economic disruptions and geopolitical events increasing credit risk and delaying customer purchasing decisions
• • Operational vulnerability: Reliance on top five channel partners for 28% of fiscal 2025 revenue, with potential partner sales or legal risks
• • Competitive risk: Competition from legacy appliance vendors and cloud providers offering hybrid or zero-margin bundled security solutions
• • Financial risk: Net losses of $41.5M in fiscal 2025 and accumulated deficit $1,189.6M with increasing operating expenses may delay profitability

Management Discussion & Analysis

• • Revenue $2,673.1M in fiscal 2025 up 23% YoY from $2,167.8M in 2024 and up 34% YoY from $1,617.0M in 2023
• • GAAP operating margin (5)% in 2025 vs (6)% in 2024; Non-GAAP operating margin 22% in 2025 vs 20% in 2024
• • Single reportable segment; revenue growth drove gross profit to $2,054.9M (77% margin) in 2025 vs $1,690.6M (78% margin) in 2024
• • Net loss improved to $41.5M in 2025 vs loss of $57.7M in 2024 and $202.3M in 2023
• • Operating cash flow $972.5M and free cash flow $726.7M in 2025, free cash flow margin steady at 27% vs prior year
• • Continued investment in sales/marketing and R&D to drive growth despite losses; sales and marketing expenses remain largest operating expense
• • Management sees continued cautious customer spending, elongated sales cycles due to macroeconomic uncertainty and expects rising operating expenses
• • Dollar-based net retentionrate 114% in 2025 down from 116% in 2024, signaling solid customer expansion potential despite challenging environment

Business Overview

• • Core business: Cloud-native Zero Trust security platform enabling secure access to applications and data globally without traditional firewalls or VPNs
• • New focus on AI security: Security for Public and Private AI Applications and Agentic Operations to manage AI-related cyber risks and IT efficiencies
• • Strategic shift: Expanded platform emphasizing convergence of Zero Trust + AI, introducing Security for AI, Agentic Operations, and AI-powered Data Fabric for Security
• • Quantitative highlight: Revenue $2.67B in fiscal 2025, up 23% YoY; R&D spend $672.5M in fiscal 2025, a 35% increase over prior year
• • Noteworthy fact: Platform blocks 225M+ daily threats, performs 250,000+ daily unique security updates, and is deployed across 160+ public and thousands private exchanges worldwide

What are the latest ZS SEC filings in 2026?

Zscaler (ZS) has filed a 10-K annual report on September 11, 2025, a 10-Q quarterly report on May 26, 2026, an 8-K current report on May 26, 2026 with the SEC. SignalX tracks every new SEC EDGAR filing daily, including 10-K, 10-Q, 8-K, and Form 4 insider transactions, with AI-powered summaries of key sections.

When did ZS file its most recent 10-K annual report?

Zscaler (ZS) filed its most recent 10-K annual report on September 11, 2025. The 10-K includes audited financial statements, business overview, risk factors, and management discussion, all available on SignalX with AI-generated summaries and XBRL financial data.

How do I view ZS 10-Q quarterly reports?

Zscaler (ZS)'s most recent 10-Q quarterly report was filed on May 26, 2026. SignalX displays every ZS 10-Q with AI-generated summaries of the MD&A (Management Discussion & Analysis) and Risk Factors sections, plus links to the original SEC EDGAR document.

What 8-K current reports has ZS filed recently?

Zscaler (ZS)'s most recent 8-K was filed on May 26, 2026. 8-K filings disclose material corporate events such as earnings releases, executive changes, mergers, and other significant developments. SignalX surfaces each 8-K with item-level summaries so you can quickly see what happened.

Where can I find ZS insider trading activity (Form 4)?

SignalX aggregates every ZS Form 4 insider transaction from SEC EDGAR. Form 4 reports show when officers, directors, and 10% shareholders buy or sell company stock, with transaction code, share count, and price per share.

How often does ZS file with the SEC?

Zscaler (ZS) files a 10-K annual report once per year (typically within 60 days of fiscal year-end) and 10-Q quarterly reports three times per year. 8-K current reports are filed as needed when material events occur, and Form 4 insider transaction reports are due within two business days of a trade. SignalX monitors SEC EDGAR daily to surface every new ZS filing with AI-powered analysis.

What is the difference between 10-K, 10-Q, and 8-K SEC filings?

A 10-K is a comprehensive annual report with audited financials, business overview, and risk factors. A 10-Q is a shorter quarterly report with unaudited financials and management discussion. An 8-K is a current report filed when a material event occurs, such as earnings releases, executive changes, acquisitions, or other significant developments. SignalX provides AI-generated summaries for all three filing types for Zscaler (ZS).

What is ZS's SEC CIK number?

Zscaler (ZS)'s SEC CIK (Central Index Key) number is 1713683. The CIK is a unique identifier assigned by the SEC to every filing entity. You can use CIK 1713683 to look up all ZS filings on SEC EDGAR, or browse them here on SignalX with AI-powered analysis.

Where can I find ZS return on equity (ROE) and financial data?

SignalX extracts XBRL financial data from Zscaler (ZS) 10-K annual filings, including revenue, net income, gross profit, operating income, EPS, total assets, stockholders' equity, and operating cash flow. Return on equity (ROE) can be derived from net income divided by stockholders' equity. Multi-year financial trends are displayed in the Financial Summary table above.