Zscaler (ZS) EBITDA (2017 - 2026)
Zscaler (ZS) reported EBITDA of -$51.8 million for Q1 2026, down 28.98% year-over-year from -$72.9 million in Q1 2025, and down 42.38% quarter-over-quarter from -$36.4 million in Q4 2025.
Zscaler (ZS) EBITDA (2017 - 2026) Analysis & Trends
Zscaler (ZS) has 10 years of EBITDA data on file, last reported at -$51.8 million in Q1 2026.
- EBITDA for Q1 2026 came in at -$51.8 million, down 28.98% year-over-year; the trailing twelve-month figure through Jan 2026 was -$145.8 million (down 44.67% YoY), and the FY2025 annual result was -$128.5 million, down 5.75% from the prior year.
- EBITDA eased to -$51.8 million in Q1 2026 per ZS's latest filing, from -$36.4 million in the prior quarter.
- Over five years, EBITDA peaked at -$3.0 million in Q2 2024 and troughed at -$86.6 million in Q2 2022.
- A 5-year average of -$48.6 million and a median of -$45.5 million in 2024 frame the typical range for EBITDA.
- The sharpest annual moves came in 2024 and 2025: EBITDA surged 94.6% in 2024, then plunged 743.38% in 2025.
- A 5-year view of EBITDA shows it stood at -$69.1 million in 2022, then surged by 33.33% to -$46.1 million in 2023, then surged by 33.42% to -$30.7 million in 2024, then dropped by 18.57% to -$36.4 million in 2025, then plunged by 42.38% to -$51.8 million in 2026.
- Business Quant data shows ZS's EBITDA at -$51.8 million in Q1 2026, -$36.4 million in Q4 2025, and -$32.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,095.86 Bn | 3,017.59 Bn | 56.06 Bn | 38.40 Bn |
| 2 | Alarum Technologies | 1,030.32 Bn | 1,016.16 Bn | 7.23 Mn | 372,000.00 |
| 3 | Oracle | 614.12 Bn | 575.54 Bn | 15.14 Bn | 5.46 Bn |
| 4 | Palantir Technologies | 324.44 Bn | 316.52 Bn | 1.42 Bn | 754.00 Mn |
| 5 | Palo Alto Networks | 189.07 Bn | 184.54 Bn | 1.91 Bn | 397.00 Mn |
| 6 | CrowdStrike Holdings | 168.14 Bn | 165.09 Bn | 993.68 Mn | 13.79 Mn |
| 7 | Fortinet | 106.89 Bn | 103.59 Bn | 1.49 Bn | 580.00 Mn |
| 8 | Cloudflare | 88.20 Bn | 87.25 Bn | 455.60 Mn | -61.99 Mn |
| 9 | Synopsys | 88.13 Bn | 88.01 Bn | 1.77 Bn | 203.05 Mn |
| 10 | Zscaler | 20.81 Bn | 17.30 Bn | 624.49 Mn | -51.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -51.77 Mn |
| Oct 31, 2025 | -36.36 Mn |
| Jul 31, 2025 | -32.24 Mn |
| Apr 30, 2025 | -25.41 Mn |
| Jan 31, 2025 | -40.14 Mn |
| Oct 31, 2024 | -30.67 Mn |
| Jul 31, 2024 | -26.95 Mn |
| Apr 30, 2024 | -3.01 Mn |
| Jan 31, 2024 | -45.46 Mn |
| Oct 31, 2023 | -46.06 Mn |
| Jul 31, 2023 | -44.55 Mn |
| Apr 30, 2023 | -55.75 Mn |
| Jan 31, 2023 | -65.24 Mn |
| Oct 31, 2022 | -69.09 Mn |
| Jul 31, 2022 | -82.53 Mn |
| Apr 30, 2022 | -86.60 Mn |
| Jan 31, 2022 | -83.93 Mn |
| Oct 31, 2021 | -74.37 Mn |
| Jul 31, 2021 | -67.40 Mn |
| Apr 30, 2021 | -43.85 Mn |