← Zscaler, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | — | — | — | — | — | ($390.3m) | ($202.3m) | ($57.7m) | ($41.5m) | |
| Net Income From Continuing Operations | — | — | — | — | — | ($390.3m) | ($202.3m) | ($57.7m) | ($41.5m) | |
| Depreciation and amortization expense | $6.8m | $8.0m | $10.4m | $17.7m | $29.7m | $40.5m | $55.8m | $66.3m | $104.4m | |
| Amortization expense of acquired intangible assets | $0 | $0 | $908k | $3.4m | $6.8m | $9.0m | $11.1m | $14.6m | $16.8m | |
| Amortization of deferred contract acquisition costs | $8.5m | $13.2m | $18.7m | $24.9m | $40.6m | $68.5m | $98.7m | $130.1m | $166.3m | |
| Amortization of debt issuance costs | — | $0 | $0 | $4.9m | $51.9m | $55.1m | $3.9m | $3.9m | $4.3m | |
| Amortization Cash Flow | — | — | — | — | — | $9.0m | $11.1m | $14.6m | $16.8m | |
| Amortization Of Intangibles | — | — | — | — | — | $9.0m | $11.1m | $14.6m | $16.8m | |
| Amortization Of Securities | — | — | — | — | — | $6.6m | ($6.6m) | ($19.1m) | ($15.9m) | |
| Depreciation | — | — | — | — | — | $40.5m | $55.8m | $66.3m | $104.4m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $49.5m | $66.8m | $80.9m | $121.2m | |
| Deferred income taxes | $0 | $0 | ($1.4m) | ($1.2m) | ($2.4m) | ($562k) | $352k | ($5.6m) | ($14.4m) | |
| Deferred Income Tax | — | — | — | — | — | ($562k) | $352k | ($5.6m) | ($14.4m) | |
| Deferred Tax | — | — | — | — | — | ($562k) | $352k | ($5.6m) | ($14.4m) | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $0 | — | — | |
| Non-cash operating lease costs | ($6.0m) | $17.3m | $0 | $13.6m | $21.0m | $25.6m | $32.2m | $49.4m | $63.0m | |
| Operating lease liabilities | — | — | $0 | ($7.6m) | ($22.1m) | ($27.7m) | ($32.2m) | ($49.2m) | ($62.0m) | |
| Operating lease right-of-use assets obtained in exchange for operating lease obligations, net of terminations | — | $0 | $0 | $31.7m | $27.6m | $52.0m | $29.1m | $64.7m | $57.6m | |
| Net loss | ($35.5m) | ($33.6m) | ($28.7m) | ($115.1m) | ($262.0m) | ($390.3m) | ($202.3m) | ($57.7m) | ($41.5m) | |
| Stock-based compensation expense | $9.9m | $11.2m | $46.4m | $121.4m | $258.5m | $409.6m | $444.8m | $527.7m | $661.4m | |
| Unrealized (gains) losses on hedging transactions | — | — | — | — | $209k | $1.5m | ($3.3m) | $753k | $369k | |
| Other | ($89k) | $130k | $284k | $321k | $307k | ($5k) | ($2k) | ($39k) | $0 | |
| Accounts receivable | ($14.6m) | ($22.6m) | ($31.7m) | ($54.2m) | ($111.6m) | ($143.3m) | ($183.9m) | ($153.0m) | ($256.0m) | |
| Deferred contract acquisition costs | ($22.0m) | ($34.4m) | ($32.5m) | ($65.1m) | ($137.7m) | ($158.5m) | ($176.9m) | ($200.3m) | ($230.5m) | |
| Prepaid expenses, other current and noncurrent assets | ($2.7m) | ($5.1m) | ($7.6m) | ($13.6m) | ($3.4m) | ($10.3m) | ($39.9m) | ($40.0m) | ($41.6m) | |
| Accounts payable | $2.2m | ($779k) | $495k | $862k | $7.5m | $14.4m | ($8.4m) | $4.2m | $17.5m | |
| Accrued expenses, other current and noncurrent liabilities | $5.4m | $2.1m | ($336k) | $2.3m | $6.5m | $13.4m | $26.8m | $43.6m | $5.2m | |
| Accrued compensation | $5.2m | $11.8m | ($1.8m) | $27.9m | $43.9m | $18.3m | $24.5m | $10.5m | $21.0m | |
| Deferred revenue | $30.7m | $67.4m | $87.2m | $118.0m | $262.4m | $391.2m | $418.6m | $450.3m | $573.1m | |
| Purchases of property, equipment and other assets | ($7.8m) | ($13.4m) | ($25.5m) | ($43.1m) | ($48.2m) | ($69.3m) | ($97.2m) | ($144.6m) | ($164.3m) | |
| Capitalized internal-use software | ($391k) | ($1.8m) | ($3.2m) | ($8.7m) | ($10.1m) | ($21.3m) | ($31.5m) | ($50.3m) | ($81.5m) | |
| Payment of deferred consideration related to business acquisitions | — | — | $0 | $0 | ($2.2m) | ($250k) | ($215k) | $0 | ($792k) | |
| Proceeds from issuance of the 2028 Notes | — | $0 | $0 | $1.1b | $0 | $0 | $0 | $0 | $1.7b | |
| Payments for issuance costs related to the 2028 Notes | — | — | — | — | — | — | $0 | $0 | ($24.1m) | |
| Purchases of capped calls related to the 2028 convertible senior notes | — | $0 | $0 | ($145.2m) | $0 | $0 | $0 | $0 | ($196.7m) | |
| Payments for the settlement of the 2025 Notes | — | — | — | — | — | — | $0 | $0 | ($1.2b) | |
| Equity consideration for business acquisitions | — | — | — | — | — | $0 | $0 | $3.8m | $0 | |
| Net change in purchased equipment included in accounts payable and accrued expenses | $746k | ($537k) | $2.9m | ($1.5m) | $14k | ($997k) | $1.6m | $1.1m | $11.0m | |
| Shares issued to settle the premium amount upon repayment of the 2025 Notes | — | — | — | — | — | — | $0 | $0 | $4k | |
| Shares received and retired from the 2025 Capped Calls upon repayment of the 2025 Notes | — | — | — | — | — | — | $0 | $0 | $2k | |
| Debt issuance and capped call costs included in accounts payable and accrued liabilities | — | — | — | — | — | — | $0 | $0 | $999k | |
| Beginning Cash Position | — | — | — | — | — | $275.9m | $1.0b | $1.3b | $1.4b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | $41.3m | $46.0m | $64.2m | $420.5m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | $374.1m | ($259.3m) | ($683.2m) | ($427.0m) | |
| Change In Account Payable | — | — | — | — | — | $14.4m | ($8.4m) | $4.2m | $17.5m | |
| Change In Accrued Expense | — | — | — | — | — | $31.7m | $51.4m | $54.1m | $26.2m | |
| Change In Other Current Liabilities | — | — | — | — | — | ($27.7m) | ($32.2m) | ($49.2m) | ($62.0m) | |
| Change In Other Working Capital | — | — | — | — | — | $232.7m | $241.6m | $250.0m | $342.6m | |
| Change In Payable | — | — | — | — | — | $14.4m | ($8.4m) | $4.2m | $17.5m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | $46.1m | $42.9m | $58.2m | $43.7m | |
| Change In Prepaid Assets | — | — | — | — | — | ($10.3m) | ($39.9m) | ($40.0m) | ($41.6m) | |
| Change In Receivables | — | — | — | — | — | ($143.3m) | ($183.9m) | ($153.0m) | ($256.0m) | |
| Change In Working Capital | — | — | — | — | — | $97.5m | $28.6m | $66.1m | $26.7m | |
| Changes In Account Receivables | — | — | — | — | — | ($143.3m) | ($183.9m) | ($153.0m) | ($256.0m) | |
| Changes In Cash | — | — | — | — | — | $737.3m | $249.0m | $160.9m | $965.9m | |
| End Cash Position | — | — | — | — | — | $1.0b | $1.3b | $1.4b | $2.4b | |
| Financing Cash Flow | — | — | — | — | — | $41.3m | $46.0m | $64.2m | $420.5m | |
| Free Cash Flow | — | — | — | — | — | $231.3m | $333.6m | $585.0m | $726.7m | |
| Gain Loss On Investment Securities | — | — | — | — | — | $1.5m | ($3.3m) | $753k | $369k | |
| Investing Cash Flow | — | — | — | — | — | $374.1m | ($259.3m) | ($683.2m) | ($427.0m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($25.3m) | ($15.6m) | ($374.7m) | ($834k) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($69.3m) | ($97.2m) | ($144.6m) | ($164.3m) | |
| Operating Gains Losses | — | — | — | — | — | $1.5m | ($3.3m) | $753k | $369k | |
| Other Non Cash Items | — | — | — | — | — | $148.2m | $134.0m | $186.8m | $234.6m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $41.6m | $46.2m | $64.2m | $67.1m | |
| Purchase Of Business | — | — | — | — | — | ($25.3m) | ($15.6m) | ($374.7m) | ($834k) | |
| Purchase Of PPE | — | $13.4m | $25.5m | $43.1m | $48.2m | ($69.3m) | ($97.2m) | ($144.6m) | ($164.3m) | |
| Stock Based Compensation | — | — | — | — | — | $409.6m | $444.8m | $527.7m | $661.4m | |
| Net cash provided by operating activities | ($6.0m) | $17.3m | $58.0m | $79.3m | $202.0m | $321.9m | $462.3m | $779.8m | $972.5m | |
| Capital Expenditure Reported | — | — | — | — | — | ($21.3m) | ($31.5m) | ($50.3m) | ($81.5m) | |
| Payments for business acquisitions, net of cash acquired | $0 | $0 | ($11.4m) | ($39.6m) | ($40.5m) | ($25.3m) | ($15.6m) | ($374.7m) | ($834k) | |
| Accretion of investments purchased at a discount | — | $0 | ($2.2m) | $50k | $11.7m | $6.6m | ($6.6m) | ($19.1m) | ($15.9m) | |
| Purchase of strategic investments | — | $0 | $0 | ($2.0m) | ($3.1m) | $0 | ($3.2m) | ($2.0m) | ($824k) | |
| Purchases of short-term investments | $0 | ($163.4m) | ($335.2m) | ($1.3b) | ($815.5m) | ($844.9m) | ($1.1b) | ($1.3b) | ($1.3b) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $489.9m | ($115.0m) | ($113.6m) | ($180.4m) | |
| Purchase Of Investment | — | — | — | — | — | ($844.9m) | ($1.1b) | ($1.3b) | ($1.3b) | |
| Proceeds from maturities of short-term investments | $0 | $433k | $199.7m | $289.8m | $785.2m | $1.3b | $901.8m | $1.1b | $1.1b | |
| Proceeds from sale of short-term investments | $0 | $0 | $15.0m | $21.1m | $22.5m | $0 | $50.5m | $47.2m | $0 | |
| Sale Of Investment | — | — | — | — | — | $1.3b | $952.4m | $1.2b | $1.1b | |
| Net cash used in investing activities | ($8.2m) | ($178.1m) | ($162.1m) | ($1.0b) | ($109.7m) | $374.1m | ($259.3m) | ($683.2m) | ($427.0m) | |
| Issuance Of Debt | — | — | — | — | — | $0 | $0 | $0 | $1.7b | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | $1.7b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $0 | $0 | $0 | $575.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | $1.7b | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | ($1.2b) | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | $0 | ($1.2b) | |
| Short Term Debt Payments | — | — | — | — | — | — | $0 | $0 | ($1.2b) | |
| Proceeds from issuance of common stock upon exercise of stock options | $3.0m | $5.0m | $29.9m | $21.6m | $18.2m | $6.9m | $3.9m | $12.2m | $3.6m | |
| Proceeds from issuance of common stock under the employee stock purchase plan | $0 | $0 | $16.4m | $15.3m | $25.7m | $34.6m | $42.3m | $52.0m | $63.6m | |
| Net Other Financing Charges | — | — | — | — | — | ($255k) | ($217k) | ($39k) | ($221.6m) | |
| Net cash provided by financing activities | $9.5m | $208.4m | $46.4m | $1.0b | $41.7m | $41.3m | $46.0m | $64.2m | $420.5m | |
| Net increase in cash and cash equivalents | ($4.7m) | $47.6m | ($57.7m) | $63.4m | $134.0m | $737.3m | $249.0m | $160.9m | $965.9m | |
| Cash and cash equivalents at beginning of period | $88.5m | $136.1m | $78.5m | $141.9m | $275.9m | $1.0b | $1.3b | $1.4b | $2.4b | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | $737.3m | $249.0m | $160.9m | $965.9m | |
| Cash paid for interest expense | — | — | $0 | $0 | $1.5m | $1.4m | $1.4m | $1.4m | $1.4m | |
| Cash paid for income taxes, net of tax refunds | $385k | $870k | $1.8m | $2.5m | $4.1m | $5.6m | $14.9m | $23.1m | $23.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.