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Red Flags Detected

  • Workforce Reduction (unchanged) — Post-period restructuring will cut ~3% of headcount with $30M–$33M in charges, signaling cost pressures despite revenue growth.
  • Net Loss Widening (worsened) — Net loss increased 52.3% to $63.2M, and operating loss widened 4%, showing profitability remains elusive.
  • Aggressive Acquisition Spending (new) — $918.1M spent on acquisitions in fiscal 2026, contributing to a $2.65B investing cash outflow and a $98.2M decline in cash and short-term investments.
NASDAQ: ZS Zscaler, Inc. 10-K

Zscaler revenue up 25.4% to $3.35B, but net loss widens 52.3% to -$63.2M

Filed September 3, 2026 · Period ending July 31, 2026 · Compared to 10-K Sep 11, 2025 · ~1 min read

Key Changes

  • high

    Revenue grew 25.4% to $3.35B in fiscal 2026, but net loss widened 52.3% to $63.2M, and operating loss increased 4% to $133.3M.

    MD&A: Results verify on EDGAR →
  • high

    Post-period, Zscaler committed to a restructuring reducing worldwide headcount by ~3%, with expected charges of $30M–$33M, mostly in H1 fiscal 2027.

    Subsequent Events verify on EDGAR →
  • high

    Investing cash outflows surged to $2.65B, driven by $918.1M in acquisitions and $350.5M in capex, as the company aggressively expands its platform.

    MD&A: Liquidity verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 4, 2026 · How we verify