Technology
Price
$169.80
-4.50%Market Cap
$24B
Day High
$177.14
Day Low
$165.06
Zscaler delivered 25% revenue growth in FY2026 but GAAP net loss widened to $63.2M as heavy R&D and stock-based compensation investments offset strong top-line momentum.
Key risk: History of net losses and uncertain profitability
Zscaler has incurred net losses every year since inception, including a $63.2M net loss in FY2026, and expects continued annual net losses for the foreseeable future. The company's strategy prioritizes long-term growth, which may prevent achieving or sustaining profitability at levels expected by investors.