Key Takeaways ZS Q3 revenues rose 23% to $678M, but gross margin fell 110 basis points to 80.3% year over year. New modules and Z-Flex deals boost ARR but bundle lower-margin offerings, affecting near-term profits. ZS still hit Rule of 52 with 24% revenue growth and 28% free cash flow margin for year-to-date FY25.Zscaler (ZS) reported strong results for its third quarter of fiscal 2025. The company’s revenues rose 23% year over year to $678 million. But one area to watch closely is non-GAAP gross margins. ...

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 ...

Fiscal Q3 2025 Earnings Call May 2025 Safe Harbor Forward-Looking Statements Unless otherwise noted, all numbers presented will be on an adjusted, non-GAAP basis. Reconciliation of GAAP to non-GAAP financial measures is in the appendix of this presentation. This presentation has been prepared by Zscaler, Inc. ("Zscaler") for informational purposes only and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise or representation by the prese ...