Zscaler, Inc.(ZS)Stock Analysis
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Rank #590 of 2,962 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
ZS Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for Zscaler, Inc. (ZS), a Technology sector company. 13F Pro's AI-powered ranking engine scores ZS at 63.7/100 on a 32-signal composite quality model, placing it at rank #590 of 2,962 stocks — the top 25% of the AI-ranked universe. ZS scores in the top quartile across institutional flow (99.7), earnings quality (94.2), revenue growth (83.9). Areas of concern include profitability (30.2) and balance sheet strength (31.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 7.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Zscaler, Inc. reports quarterly revenue of $898.2M, net income of $-3.4M, an operating margin of -1.7%. Top institutional holders of ZS by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. ZS trades on the Nasdaq exchange and files with the SEC under CIK 1713683. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ZS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Zscaler, Inc. directly from SEC EDGAR. Zscaler, Inc.'s 13F Pro composite quality score has ranged between 47 and 65 since 2021, currently 63.7 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.
Revenue
Q2 2026
$898.2M
Net Income
Q2 2026
$-3.4M
Free Cash Flow
Q2 2026
$79.4M
Operating Margin
Q2 2026
-1.7%
ROIC
Q2 2026
-2.4%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+25.4% YoYNet Income
-52.3% YoYOperating Income
-3.7% YoYEPS (Diluted)
-44.4% YoYTotal Assets
+22.5% YoYTotal Debt
Op. Cash Flow
+16.2% YoYFree Cash Flow
+5.5% YoY| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $3.35B +25.4% | $2.67B +23.3% | $2.17B +34.1% | $1.62B +48.2% | $1.09B +62.1% | $673.1M |
| Net Income | $-63.2M -52.3% | $-41.5M +28.1% | $-57.7M +71.5% | $-202.3M +48.2% | $-390.3M -48.9% | $-262.0M |
| Operating Income | $-133.3M -3.7% | $-128.5M -5.7% | $-121.5M +48.2% | $-234.6M +28.3% | $-327.4M -57.6% | $-207.8M |
| EPS (Diluted) | $-0.39 -44.4% | $-0.27 +30.8% | $-0.39 +72.1% | $-1.40 +49.5% | $-2.77 -43.5% | $-1.93 |
| Total Assets | $7.87B +22.5% | $6.42B +36.4% | $4.70B +30.4% | $3.61B +27.4% | $2.83B +25.5% | $2.26B |
| Total Debt | — | — | $1.14B +0.7% | $1.13B +17.1% | $968.7M +6.0% | $913.5M |
| Operating Cash Flow | $1.13B +16.2% | $972.5M +24.7% | $779.8M +68.7% | $462.3M +43.6% | $321.9M +59.3% | $202.0M |
| Free Cash Flow | $852.4M +5.5% | $808.2M +27.2% | $635.3M +74.0% | $365.1M +44.5% | $252.6M +64.2% | $153.9M |
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Top Institutional Holders of ZS
BlackRock, Inc.
$1.4B9,890,384 shVANGUARD PORTFOLIO MANAGEMENT LLC
$874.7M6,196,726 shVANGUARD CAPITAL MANAGEMENT LLC
$666.4M4,721,393 shFIRST TRUST ADVISORS LP
$498.1M3,529,213 shGOLDMAN SACHS GROUP INC
$446.3M3,161,548 shSTATE STREET CORP
$352.0M2,493,672 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$350.2M2,480,700 shPictet Asset Management Holding SA
$296.9M2,104,621 shGEODE CAPITAL MANAGEMENT, LLC
$294.3M2,090,724 shJANE STREET GROUP, LLC
$266.7M1,889,700 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.4B | 9,890,384 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $874.7M | 6,196,726 |
| VANGUARD CAPITAL MANAGEMENT LLC | $666.4M | 4,721,393 |
| FIRST TRUST ADVISORS LP | $498.1M | 3,529,213 |
| GOLDMAN SACHS GROUP INC | $446.3M | 3,161,548 |
| STATE STREET CORP | $352.0M | 2,493,672 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $350.2M | 2,480,700 |
| Pictet Asset Management Holding SA | $296.9M | 2,104,621 |
| GEODE CAPITAL MANAGEMENT, LLC | $294.3M | 2,090,724 |
| JANE STREET GROUP, LLC | $266.7M | 1,889,700 |
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Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.
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Popular Research
Is ZS a good stock to buy?
13F Pro's AI-powered analysis of Zscaler, Inc. (ZS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ZS are available on the ZS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. ZS is classified as a large company.
Which hedge funds own ZS?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ZS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Zscaler, Inc.'s investment landscape.