NASDAQ$ZS

Zscaler Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported outstanding Q4 results with revenue growth of 57% and billings growth of 70% year over year, driven by a record number of large deals across diverse sectors.

Zscaler's Q4 2021 earnings showcased strong growth, with revenue increasing by 57% year-over-year to $197.1 million and calculated billings growing by 70% year-over-year to $332.2 million. The company's GAAP net loss was $81.0 million, while non-GAAP net income reached $20.3 million.

  • Revenue grew 57% year-over-year to $197.1 million.
  • Calculated billings grew 70% year-over-year to $332.2 million.
  • GAAP net loss was $81.0 million, compared to a net loss of $49.5 million in the fourth quarter of fiscal 2020.
  • Non-GAAP net income was $20.3 million, compared to $12.0 million in the fourth quarter of fiscal 2020.

Headline financials

Total Revenue

$197M

Previous: $126M+56.5%
EPS (adj)

$0.14

Previous: $0.05+180.0%
Capital Expenditures

$14M

Previous: $18.3M-23.7%
Free Cash Flow

$27.7M

Previous: $10.9M+154.1%
Net Income

-$81M

Previous: -$49.5M-63.6%
Operating Income

-$67.4M

Previous: -$44.9M-50.1%
Gross Profit

$152M

Previous: $94.5M+60.4%
Cash & Equivalents

$276M

Previous: $142M+94.5%
Total Assets

$2.26B

Previous: $1.83B+23.1%
Stock-Based Comp

$80M

Previous: $51.4M+55.7%

Revenue & EPS history

Zscaler · Revenue · Quarterly

$197M

Q4 2021+56.5%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

For the first quarter of fiscal 2022, Zscaler expects total revenue of $210 million to $212 million and non-GAAP net income per share of approximately $0.12. For the full year fiscal 2022, the company expects total revenue of $940 million to $950 million and non-GAAP net income per share of $0.52 to $0.56.

Tailwinds

  • Total revenue of $210 million to $212 million for Q1 2022.
  • Non-GAAP income from operations of $18 million to $19 million for Q1 2022.
  • Non-GAAP net income per share of approximately $0.12 for Q1 2022.
  • Total revenue of $940 million to $950 million for FY 2022.
  • Calculated billings of $1,230 million to $1,250 million for FY 2022.

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 2021

Historical avgQ4 2021

+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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