ZSZscaler, Inc.
Services-Computer Programming Services
- Revenue
- $3.4B
- 25% YoY
- Operating margin
- -4.0%
- 17% YoY
- EBITDA
- $15M
- 163% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 14.4×
- $221M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired25% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear15% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.6B | $2.2B | $2.7B | $3.4B | 25% |
| Operating income | −$327M | −$235M | −$121M | −$128M | −$133M | 3.7% |
| Net income | −$390M | −$202M | −$58M | −$41M | −$63M | 52% |
| Operating cash flow | $322M | $462M | $780M | $972M | $1.1B | 16% |
| Capex | $69M | $97M | $145M | $164M | $277M | 69% |
| Stock-based comp | $410M | $445M | $528M | $661M | $822M | 24% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $12M · 33
- Net
- −$12M
Pay vs performance
No pay-versus-performance disclosure yet.