NASDAQ$ZS

Zscaler Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a revenue increase of 46% year-over-year, calculated billings growth of 55%, and GAAP net loss of $49.5 million.

Zscaler reported strong Q4 and fiscal year results, driven by the adoption of their Zero Trust Exchange platform. Revenue grew 46% year-over-year to $125.9 million, and calculated billings grew 55% year-over-year to $194.9 million.

  • Revenue grew 46% year-over-year to $125.9 million.
  • Calculated billings grew 55% year-over-year to $194.9 million.
  • Deferred revenue grew 47% year-over-year to $369.8 million.
  • GAAP net loss was $49.5 million, compared to a net loss of $5.3 million in the fourth quarter of fiscal 2019.

Headline financials

Total Revenue

$126M

Previous: $86.1M+46.2%
EPS (adj)

$0.05

Previous: $0.07-28.6%
Capital Expenditures

$18.3M

Previous: $8.82M+107.2%
Free Cash Flow

$10.9M

Previous: $9M+21.1%
Net Income

-$49.5M

Previous: -$5.28M-838.2%
Operating Income

-$44.9M

Previous: -$7.93M-466.1%
Gross Profit

$94.5M

Previous: $68.8M+37.5%
Cash & Equivalents

$142M

Previous: $78.5M+80.7%
Total Assets

$1.83B

Previous: $604M+203.5%
Stock-Based Comp

$51.4M

Previous: $12.3M+316.6%

Revenue & EPS history

Zscaler · Revenue · Quarterly

$126M

Q4 2020+46.2%vs Q4 2019
Beat estimate in 11 of 13 quarters(85%)
ActualEstimate

Forward guidance

For the first quarter of fiscal 2021, Zscaler expects total revenue of $131 million to $133 million and non-GAAP earnings per share of approximately $0.05 to $0.06. For the full year fiscal 2021, the company expects total revenue of $580 million to $590 million and non-GAAP earnings per share of $0.28 to $0.30.

Tailwinds

  • Total revenue of $131 million to $133 million for Q1 2021.
  • Non-GAAP income from operations of $8 million to $10 million for Q1 2021.
  • Non-GAAP earnings per share of approximately $0.05 to $0.06 for Q1 2021.
  • Total revenue of $580 million to $590 million for FY 2021.
  • Calculated billings of $710 million to $720 million for FY 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+2.0%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+2.6%

Avg return

30 days after

41%

13 / 32 earnings

Positive

+31.6%

Q3 2020

Best reaction

-21.4%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026
Q2 2026-3.0%-6.7%-20.4%
Q1 2026-6.8%-16.0%-20.4%
Q4 2025-1.5%+2.6%+11.2%
Q3 2025+10.0%+18.2%+25.6%
Q2 2025+2.9%+1.5%-11.1%
Q1 2025-3.8%+2.6%-12.7%
Q4 2024-21.4%-21.6%-15.2%
Q3 2024+3.4%+2.9%+16.9%
Q2 2024-7.6%-13.0%-18.8%
Q1 2024+0.4%+2.6%+16.5%
Q4 2023-0.0%+1.5%-3.2%
Q3 2023+5.1%+12.9%+8.0%
Q2 2023-7.2%-8.2%-9.0%
Q1 2023-3.3%-13.1%-16.1%
Q4 2022+27.3%+22.7%+15.2%
Q3 2022+20.7%+15.5%+28.8%
Q2 2022-7.3%+3.5%-3.8%
Q1 2022-10.6%-12.0%-8.8%
Q4 2021-3.6%-1.7%-5.0%
Q3 2021+11.4%+11.4%+25.9%
Q2 2021-1.3%-2.5%-18.3%
Q1 2021+22.4%+17.4%+31.7%
Q4 2020-0.4%-2.3%+14.1%
Q3 2020+31.6%+42.5%+42.2%
Q2 2020-16.4%-22.6%-17.7%
Q1 2020-2.4%-8.6%-7.3%
Q4 2019-19.9%-23.4%-23.7%
Q3 2019-3.5%+1.1%+7.7%
Q2 2019+19.4%+13.4%+39.8%
Q1 2019+9.9%+3.2%+0.5%
Q4 2018-5.4%+3.4%-16.3%
Q3 2018+25.4%+36.9%+26.2%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2016
Q1 2016
Q4 2016
Q3 2016

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