Zscaler Inc
zscaler.comZscaler Inc (NASDAQ: ZS) is a cloud security company that provides enterprises with secure access to the internet, cloud applications, and internal applications through a fully integrated, multi-tenant cloud platform. Revenue comes almost entirely from subscriptions to access that platform, together with related support services, which accounted for approximately 98% of total revenue in FY2025. Zscaler was incorporated in 2007, built on the premise that the internet would replace the corporate network as cloud and mobility adoption accelerated. Total revenue reached $2.67 billion in FY2025, up from $2.17 billion in FY2024 and $1.62 billion in FY2023. Net cash from operations was $972.5 million in FY2025. The company sells through a channel model involving global telecommunications providers, system integrators, value-added resellers, and public cloud marketplaces, while its direct sales force maintains relationships with end customers. Contracts typically run one to three years, invoiced annually in advance, with revenue recognized ratably. Total deferred revenue stood at $2.47 billion as of July 31, 2025, reflecting a subscription business with significant forward visibility.
Products & Services
A fully integrated, multi-tenant cloud security platform that sits in the data path to provide secure access to the internet, cloud applications, and internal applications. The platform interoperates with identity and access management, device and endpoint management, and SIEM tools. Professional services including mapping, implementation, and network design are also offered but represent an immaterial share of revenue.
Revenue Model
Subscription-based. Customers pay to access Zscaler's cloud platform, with contracts typically spanning one to three years invoiced annually in advance. Subscription and support services were approximately 98% of revenue in FY2025 (97% in FY2024 and FY2023). A small, immaterial portion of revenue comes from professional services including mapping, implementation, network design, and training. Revenue is recognized ratably over the contract life.
Customers & Markets
Enterprise customers across the United States and internationally. End market demand is driven by cloud adoption, workforce mobility, and the shift away from traditional perimeter-based security architectures. The company pursues a land-and-expand model, selling initial subscriptions and then growing within accounts by adding users, solutions, and premium services. No specific customer concentration figures are disclosed in the excerpts.
Geographic Exposure
Operates in the United States and internationally. Specific geographic revenue splits are not provided in the excerpts.
Financial Snapshot
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