Zscaler (ZS) Research & Development (2017 - 2026)

Zscaler (ZS) has reported Research & Development for 10 consecutive years, with $368.9 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Research & Development rose 19.84% year-over-year to $368.9 million; the TTM figure through Jan 2026 stood at $1.1 billion (up 160.51% YoY), while the FY2025 annual figure was $672.5 million, up 34.54% from the prior year.
• Research & Development slipped to $368.9 million in Q1 2026 per ZS's latest filing, from $373.6 million in the prior quarter.
• Across five years, Research & Development topped out at $373.6 million in Q4 2025 and bottomed at -$306.2 million in Q3 2024.
• Historically, Research & Development has averaged $169.1 million across 5 years, with a median of $177.6 million in 2025.
• Annual changes were most pronounced in 2022 — Research & Development soared 369.16% — and 2024, when it sank 414.26%.
• Zscaler's Research & Development stood at $74.9 million in 2022, then surged by 51.49% to $113.5 million in 2023, then jumped by 35.86% to $154.3 million in 2024, then jumped by 142.17% to $373.6 million in 2025, then declined by 1.24% to $368.9 million in 2026.
• Business Quant data shows ZS's Research & Development at $368.9 million in Q1 2026, $373.6 million in Q4 2025, and $177.6 million in Q3 2025.