Switch theme
Sign up to access all valuation multiples
Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler’s offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.
2007
7.3K+
LTM Revenue $2.5B
LTM EBITDA $618M
$29.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Zscaler has a last 12-month revenue of $2.5B and a last 12-month EBITDA of $618M.
In the most recent fiscal year, Zscaler achieved revenue of $2.2B and an EBITDA of $64.8M.
Zscaler expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Zscaler valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.6B | $2.2B | XXX | XXX | XXX |
| Gross Profit | $849M | $1.3B | XXX | XXX | XXX |
| Gross Margin | 52% | 58% | XXX | XXX | XXX |
| EBITDA | -$109M | $64.8M | XXX | XXX | XXX |
| EBITDA Margin | -7% | 3% | XXX | XXX | XXX |
| Net Profit | -$390M | -$202M | XXX | XXX | XXX |
| Net Margin | -24% | -9% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of April 15, 2025, Zscaler's stock price is $199.
Zscaler has current market cap of $30.9B, and EV of $29.2B.
See Zscaler trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $29.2B | $30.9B | XXX | XXX | XXX | XXX | $3.11 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Sign UpAs of April 15, 2025, Zscaler has market cap of $30.9B and EV of $29.2B.
Zscaler's trades at 11.6x LTM EV/Revenue multiple, and 47.3x LTM EBITDA.
Analysts estimate Zscaler's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Zscaler and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $29.2B | XXX | XXX | XXX |
| EV/Revenue | 12.3x | XXX | XXX | XXX |
| EV/EBITDA | 92.7x | XXX | XXX | XXX |
| P/E | 174.9x | XXX | XXX | XXX |
| P/E/Growth | 1.8x | XXX | XXX | XXX |
| EV/FCF | 47.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpZscaler's NTM/LTM revenue growth is 21%
Zscaler's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Zscaler's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Zscaler's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Zscaler and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 34% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -159% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 34% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 51% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 23% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 84% | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| archTIS | XXX | XXX | XXX | XXX | XXX | XXX |
| FirstWave | XXX | XXX | XXX | XXX | XXX | XXX |
| Prophecy International | XXX | XXX | XXX | XXX | XXX | XXX |
| Qoria | XXX | XXX | XXX | XXX | XXX | XXX |
| Quick Heal | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Zscaler acquired XXX companies to date.
Last acquisition by Zscaler was XXXXXXXX, XXXXX XXXXX XXXXXX . Zscaler acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Sign Up| When was Zscaler founded? | Zscaler was founded in 2007. |
| Where is Zscaler headquartered? | Zscaler is headquartered in United States of America. |
| How many employees does Zscaler have? | As of today, Zscaler has 7.3K+ employees. |
| Who is the CEO of Zscaler? | Zscaler's CEO is Mr. Jagtar S. Chaudhry. |
| Is Zscaler publicy listed? | Yes, Zscaler is a public company listed on NAS. |
| What is the stock symbol of Zscaler? | Zscaler trades under ZS ticker. |
| When did Zscaler go public? | Zscaler went public in 2018. |
| Who are competitors of Zscaler? | Similar companies to Zscaler include e.g. archTIS, FirstWave, Prophecy International, Qoria. |
| What is the current market cap of Zscaler? | Zscaler's current market cap is $30.9B |
| What is the current revenue of Zscaler? | Zscaler's last 12-month revenue is $2.5B. |
| What is the current EBITDA of Zscaler? | Zscaler's last 12-month EBITDA is $618M. |
| What is the current EV/Revenue multiple of Zscaler? | Current revenue multiple of Zscaler is 11.6x. |
| What is the current EV/EBITDA multiple of Zscaler? | Current EBITDA multiple of Zscaler is 47.3x. |
| What is the current revenue growth of Zscaler? | Zscaler revenue growth between 2023 and 2024 was 34%. |
| Is Zscaler profitable? | Yes, Zscaler is EBITDA-positive (as of the last 12 months). |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
