Zscaler, Inc. (ZS)

Zscaler Cash Flow Statement

Financials in millions USD. Fiscal year is August - July.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Net Income	-41.48	-57.71	-202.34	-390.28	-262.03
Depreciation & Amortization	44.46	44.63	42.62	36.47	30.56
Other Amortization	247.32	170.35	126.81	136.67	98.38
Asset Writedown & Restructuring Costs	-	-	-	-	0.42
Loss (Gain) From Sale of Investments	-15.92	-19.06	-6.58	6.58	11.72
Stock-Based Compensation	661.35	527.68	444.83	409.56	258.54
Other Operating Activities	50	47.89	28.43	25.46	18.9
Change in Accounts Receivable	-256.01	-152.96	-183.86	-143.34	-111.61
Change in Accounts Payable	17.53	4.16	-8.42	14.36	7.45
Change in Unearned Revenue	573.05	450.31	418.56	391.18	262.43
Change in Other Net Operating Assets	-307.86	-235.45	-197.72	-164.75	-112.7
Operating Cash Flow	972.45	779.85	462.34	321.91	202.04
Operating Cash Flow Growth	24.70%	68.67%	43.62%	59.33%	154.72%
Capital Expenditures	-164.25	-144.59	-97.2	-69.3	-48.17
Cash Acquisitions	-0.83	-374.7	-15.64	-25.29	-40.53
Sale (Purchase) of Intangibles	-81.51	-50.31	-31.53	-21.28	-10.13
Investment in Securities	-180.43	-113.58	-114.97	489.93	-10.84
Investing Cash Flow	-427.02	-683.18	-259.34	374.06	-109.67
Long-Term Debt Issued	1,725	-	-	-	-
Total Debt Issued	1,725	-	-	-	-
Long-Term Debt Repaid	-1,150	-	-	-	-
Total Debt Repaid	-1,150	-	-	-	-
Net Debt Issued (Repaid)	574.96	-	-	-	-
Issuance of Common Stock	67.14	64.25	46.21	41.59	43.93
Other Financing Activities	-221.59	-0.04	-0.22	-0.26	-2.25
Financing Cash Flow	420.51	64.21	45.99	41.34	41.68
Net Cash Flow	965.94	160.87	249	737.31	134.05
Free Cash Flow	808.2	635.26	365.15	252.62	153.88
Free Cash Flow Growth	27.22%	73.97%	44.55%	64.17%	324.54%
Free Cash Flow Margin	30.23%	29.30%	22.58%	23.16%	22.86%
Free Cash Flow Per Share	5.23	4.25	2.52	1.79	1.13
Cash Interest Paid	1.44	1.44	1.44	1.44	1.46
Cash Income Tax Paid	23.34	23.12	14.94	5.61	4.14
Levered Free Cash Flow	751.31	687.71	460.75	480.54	324.3
Unlevered Free Cash Flow	752.97	692	460.95	460.76	305.73
Change in Working Capital	26.72	66.07	28.57	97.45	45.57

Updated Sep 2, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q