Zscaler Nears $3B ARR Goal: Can It Maintain the Momentum Through FY25?

Key Takeaways Zscaler hit $2.9B in ARR in Q3, maintaining 23% YoY growth for the third straight quarter. Z-Flex drove $65M in TCV bookings, boosting ARR from major clients by more than 40%. Zero Trust Everywhere saw 60% customer growth, now targeting 390 clients by FY26 end.Zscaler (ZS) ended third-quarter fiscal 2025 with $2.9 billion in annual recurring revenues (ARR), representing the third consecutive quarter of 23% year-over-year growth. The management stated that it remains confident in achieving it ...