Zscaler, Inc.

NasdaqGS-ZS

Operating Activities	Jul '25	Jan '25	Jul '24	Jan '24	Jul '23	Jan '23
Net Income	-21.7	-19.8	4.2	-62	-76.7	-125.6
Net Income
Depreciation & Amortization	153.9	133.6	114.1	97	89.1	76.4
Depreciation and Amortization Expense
Amortization Expense of Acquired Intangible Assets
Amortization of Deferred Contract Acquisition Costs
Stock Based Compensation	332.1	329.3	258.1	269.6	229.9	214.9
Stock-Based Compensation Expense
Other Adjustments	28	10.4	15.9	16.8	11.7	14
Amortization of Debt Issuance Costs
Non-Cash Operating Lease Costs
Accretion of Investments Purchased at a Discount
Unrealized Losses on Hedging Transactions
Unrealized Gains on Hedging Transactions
Deferred Income Taxes
Impairment of Assets
Other
Changes in Trade Receivables	-478.1	222	-255.3	102.4	-224.7	40.8
Accounts Receivable
Changes in Accounts Payable	17.4	0.1	6.6	-2.4	-13.6	5.2
Accounts Payable
Changes in Accrued Expenses	58	-31.9	47.5	6.6	63.1	-11.8
Accrued Expenses, Other Current and Noncurrent Liabilities
Accrued Compensation
Changes in Unearned Revenue	589.5	-16.5	387.8	62.5	327.7	90.9
Deferred Revenue
Changes in Other Operating Activities	-217.5	-116.5	-202	-87.6	-162.1	-86.9
Deferred Contract Acquisition Costs
Prepaid Expenses, Other Current and Noncurrent Assets
Change in Prepaid Expenses, Other Current and Noncurrent Liabilities
Operating Lease Liabilities
Cash from Operating Activities	461.7	510.8	377	402.9	244.4	217.9
Net Cash Provided by Operating Activities

Investing Activities	Jul '25	Jan '25	Jul '24	Jan '24	Jul '23	Jan '23
Capital Expenditure	-132.2	-32	-85	-59.6	-53.3	-43.9
Purchases of Property, Equipment and Other Assets
Purchases of Intangible Assets	-38.1	-43.4	-32.5	-17.8	-15.9	-15.6
Capitalized Internal-Use Software
Acquired Intangible Assets
Purchases of Investments	-551.6	-729.9	-529.2	-763.8	-552.4	-514.9
Purchase of Strategic Investments
Purchases of Short-Term Investments
Proceeds from Sale of Investments	496	605	582.6	596.8	365.6	586.8
Proceeds from Maturities of Short-Term Investments
Proceeds from Sale of Short-Term Investments
Payments for Business Acquisitions	—	-0.8	-370.3	-4.4	-15.6	—
Payments for Business Acquisitions, Net of Cash Acquired
Cash from Investing Activities	-225.9	-201.1	-434.4	-248.8	-271.7	12.4
Net Cash Provided by Investing Activities

Financing Activities	Jul '25	Jan '25	Jul '24	Jan '24	Jul '23	Jan '23
Issuance of Long-Term Debt	1,725	—	—	—	—	—
Proceeds from Issuance of the 2028 Notes
Repayments of Long-Term Debt	-1,150	—	—	—	—	—
Payments for the Settlement of the 2025 Notes
Net Issuance / (Repayments) of Long-Term Debt	575	—	—	—	—	—
Issuance of Common Shares	41.3	25.8	42	22.3	32.7	13.5
Proceeds from Initial Public Offering, Net of Underwriting Discounts and Commissions
Proceeds from Issuance of Common Stock Upon Exercise of Stock Options
Proceeds from Issuance of Common Stock Related to Early Exercised Stock Options
Proceeds from Issuance of Common Stock Under the Employee Stock Purchase Plan
Repurchases of Common Shares	—	—	—	—	—	—
Repurchases of Unvested Common Stock
Net Issuance / (Repurchases) of Common Shares	41.3	25.8	42	22.3	32.7	13.5
Other Financing Activities	-221.6	—	-0	—	-0.2	-0
Payments of Offering Costs Related to Initial Public Offering
Payment of Deferred Consideration Related to Business Acquisitions
Payments for Issuance Costs Related to the 2028 Notes
Purchases of Capped Calls Related to the 2028 Notes
Repayments of Notes Receivable from Stockholders
Other
Cash from Financing Activities	394.7	25.8	42	22.3	32.5	13.5
Net Cash Provided by Financing Activities