Zscaler ZS
Cybersecurity Security Infrastructure Software Enterprise Software B2B SaaS Cloud-based Software

Zscaler trades at 7.3x EV/NTM revenue on a $28.7B enterprise value. Revenue grew 24.9% year over year to $898.2M in the quarter ending July 2026, an annual run rate of $3.59B. Zscaler reports a 76.7% gross margin and 31.0-month CAC payback.

ARR ($M)
3592
Net Dollar Retention
--
ARR Growth
24.9%
EV / NTM Revenue
7.3x
Payback Period
31.0
EV / Run Rate
8.0x
Price & Key Metrics
Price Performance
Company Details
Share Price: 197.31
Last Filing Date: 2026-07-31
Fiscal Year End: 07-31
Last Filing: Form
Founding Year: 2007
IPO Year: 2018
% of 52 wk High: 59%
Description
Zscaler is a cloud-based information security company that provides Internet security, web security, next generation firewalls, sandboxing, SSL inspection, antivirus, vulnerability management and granular control of user activity in cloud computing, mobile and Internet of things environments
Categories
Cybersecurity Security Infrastructure Software Enterprise Software B2B SaaS Cloud-based Software
Valuation
Market Cap: 32,172.322
Enterprise Value: 28,698.171
EV / Revenue Run Rate: 8.0x
EV / NTM Revenue: 7.3x
EV / 2026 Revenue Estimates: 8.0x
EV / 2027 Revenue Estimates: 6.8x
EV / 2028 Revenue Estimates: 5.9x
Key Business Metrics
Net Dollar Retention: --
Customers: 11000
ARR: 3,592
ARR Growth %: 25%
ARR/Customer ($K): 326
ARR/Employee ($K): 412
Revenue
Revenue Run Rate: 3,592
ARR: 3,592
2026 Revenue Estimates: 3,585
2027 Revenue Estimates: 4,204
2028 Revenue Estimates: 4,871
LTM Revenue: 3,352
Last Year Run Rate: 2,876
Growth
Revenue Growth: 25%
ARR Growth: 25%
Growth Persistence: 117%
2026 Revenue Growth Estimates: 22%
2027 Revenue Growth Estimates: 17%
2028 Revenue Growth Estimates: 16%
Financials
Quarterly
Calendar Year
Frequently Asked Questions

How fast is Zscaler growing?

Zscaler grew revenue 24.9% year over year, reaching $898.2M in the quarter ending July 2026.

What multiple does Zscaler trade at?

Zscaler trades at 7.3x EV/NTM revenue and 8.0x EV/run-rate, on an enterprise value of $28.7B.

Is Zscaler profitable?

For Zscaler, operating income was -$15.5M last quarter and LTM free cash flow margin is 23.2%.

How long does it take Zscaler to pay back CAC?

Zscaler recovers customer acquisition cost in about 31.0 months.

What sector is Zscaler in?

Public Comps classifies Zscaler under Cybersecurity, Security, Infrastructure Software, Enterprise Software, B2B SaaS, and Cloud-based Software.

Where does Public Comps get Zscaler's data?

Figures come from Zscaler's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.