Zscaler Inc (ZS) - Net Assets
Based on the latest financial reports, Zscaler Inc (ZS) has net assets worth $1.98 Billion USD as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.50 Billion) and total liabilities ($4.52 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Zscaler Inc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.98 Billion |
| % of Total Assets | 30.48% |
| Annual Growth Rate | 38.27% |
| 5-Year Change | 240.19% |
| 10-Year Change | 2598.9% |
| Growth Volatility | 111.01 |
Zscaler Inc - Net Assets Trend (2015–2025)
This chart illustrates how Zscaler Inc's net assets have evolved over time, based on quarterly financial data. See Zscaler Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zscaler Inc (2015–2025)
The table below shows the annual net assets of Zscaler Inc from 2015 to 2025. For live valuation and market cap data, see Zscaler Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | $1.80 Billion | +41.22% |
| 2024-07-31 | $1.27 Billion | +75.71% |
| 2023-07-31 | $725.11 Million | +26.48% |
| 2022-07-31 | $573.30 Million | +8.40% |
| 2021-07-31 | $528.89 Million | +9.09% |
| 2020-07-31 | $484.83 Million | +57.13% |
| 2019-07-31 | $308.56 Million | +28.44% |
| 2018-07-31 | $240.24 Million | +382.06% |
| 2017-07-31 | $49.84 Million | -25.25% |
| 2016-07-31 | $66.67 Million | -5.30% |
| 2015-07-31 | $70.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zscaler Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 109044000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $159.00K | 0.01% |
| Other Comprehensive Income | $8.08 Million | 0.45% |
| Other Components | $2.98 Billion | 165.66% |
| Total Equity | $1.80 Billion | 100.00% |
Zscaler Inc Competitors by Market Cap
The table below lists competitors of Zscaler Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Banco de Chile
SN:CHILE
|
$20.29 Billion |
|
Shenzhen Han's CNC Technology Co. Ltd.
SHE:301200
|
$20.30 Billion |
|
CRRC Corp Ltd Class A
SHG:601766
|
$20.36 Billion |
|
Insmed Inc
NASDAQ:INSM
|
$20.37 Billion |
|
BOUYGUES UNSP.ADR 1/5/EO1
F:BYG0
|
$20.29 Billion |
|
BE SEMICON.INDS NY EO091
F:BSIA
|
$20.28 Billion |
|
STERIS plc
NYSE:STE
|
$20.25 Billion |
|
InterGlobe Aviation Limited
NSE:INDIGO
|
$20.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zscaler Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,274,102,000 to 1,799,273,000, a change of 525,171,000 (41.2%).
- Net loss of 41,478,000 reduced equity.
- Other comprehensive income increased equity by 12,870,000.
- Other factors increased equity by 553,779,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-41.48 Million | -2.31% |
| Other Comprehensive Income | $12.87 Million | +0.72% |
| Other Changes | $553.78 Million | +30.78% |
| Total Change | $- | 41.22% |
Book Value vs Market Value Analysis
This analysis compares Zscaler Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.92x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 53.17x to 10.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-07-31 | $2.39 | $127.23 | x |
| 2016-07-31 | $2.37 | $127.23 | x |
| 2017-07-31 | $0.48 | $127.23 | x |
| 2018-07-31 | $3.76 | $127.23 | x |
| 2019-07-31 | $2.50 | $127.23 | x |
| 2020-07-31 | $3.75 | $127.23 | x |
| 2021-07-31 | $3.90 | $127.23 | x |
| 2022-07-31 | $4.07 | $127.23 | x |
| 2023-07-31 | $5.00 | $127.23 | x |
| 2024-07-31 | $8.52 | $127.23 | x |
| 2025-07-31 | $11.65 | $127.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zscaler Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.55%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 3.57x
- Recent ROE (-2.31%) is above the historical average (-30.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -20.54% | -23.89% | 0.42x | 2.03x | $-19.08 Million |
| 2016 | -41.16% | -34.16% | 0.52x | 2.30x | $-34.10 Million |
| 2017 | -71.15% | -28.21% | 0.69x | 3.67x | $-40.44 Million |
| 2018 | -14.01% | -17.69% | 0.42x | 1.86x | $-57.67 Million |
| 2019 | -9.29% | -9.46% | 0.50x | 1.96x | $-59.51 Million |
| 2020 | -23.74% | -26.69% | 0.24x | 3.78x | $-163.60 Million |
| 2021 | -49.54% | -38.93% | 0.30x | 4.27x | $-314.92 Million |
| 2022 | -68.08% | -35.77% | 0.39x | 4.94x | $-447.61 Million |
| 2023 | -27.90% | -12.51% | 0.45x | 4.98x | $-274.85 Million |
| 2024 | -4.53% | -2.66% | 0.46x | 3.69x | $-185.12 Million |
| 2025 | -2.31% | -1.55% | 0.42x | 3.57x | $-221.41 Million |
Industry Comparison
This section compares Zscaler Inc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $206,995,087
- Average return on equity (ROE) among peers: -103.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zscaler Inc (ZS) | $1.98 Billion | -20.54% | 2.28x | $20.29 Billion |
| ACI Worldwide Inc (ACIW) | $255.62 Million | 10.64% | 1.35x | $4.63 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $30.16 Million | -37.03% | 0.03x | $855.27 Million |
| Aeva Technologies, Inc. Common Stock (AEVA) | $329.93 Million | -43.24% | 0.08x | $906.22 Million |
| Allied Gaming & Entertainment Inc. (AGAE) | $98.65 Million | 63.73% | 0.07x | $22.76 Million |
| Axe Compute Inc. (AGPU) | $2.64 Million | -979.47% | 3.94x | $31.41 Million |
| C3 Ai Inc (AI) | $989.48 Million | -19.41% | 0.18x | $1.50 Billion |
| All In FutureTech Alliance Inc. (AIFA) | $77.53 Million | -21.61% | 0.46x | $13.92 Million |
| AI Financial Corporation (AIFC) | $-3.31 Million | 0.00% | 0.00x | $94.73 Million |
| iLearningEngines, Inc. (AILE) | $277.84 Million | 4.13% | 0.05x | $59.29 Million |
| PowerFleet, Inc. (AIOT) | $11.41 Million | -12.13% | 0.13x | $457.44 Million |
About Zscaler Inc
Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zscaler Internet Access, which provides threat protection, cloud sandbox, and cloud browser isolation; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application prote… Read more