NASDAQ$ZS

Zscaler Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Zscaler's Q4 2024 financial results exceeded expectations, demonstrating strong growth and customer adoption.

Zscaler reported strong Q4 results, with revenue growing 30% year-over-year to $592.9 million and calculated billings increasing 27% year-over-year to $910.8 million. The company achieved a non-GAAP net income of $140.6 million, compared to $100.9 million in the same quarter last year. Zscaler's cloud platform surpassed over half a trillion transactions daily, marking a significant milestone.

  • Revenue increased by 30% year-over-year, reaching $592.9 million.
  • Calculated billings grew by 27% year-over-year, totaling $910.8 million.
  • Non-GAAP net income was $140.6 million, compared to $100.9 million in the fourth quarter of fiscal 2023.
  • The cloud platform surpassed half a trillion daily transactions.

Headline financials

Total Revenue

$593M

Previous: $455M+30.3%
EPS (adj)

$0.88

Previous: $0.64+37.5%
Cash Flow from Operations

$204M

No prior period
Total Deferred Revenue

$1.89B

No prior period
Capital Expenditures

-$67.2M

Previous: $27.1M-348.4%
Net Income

-$14.9M

Previous: -$30.7M+51.5%
Operating Income

-$27M

Previous: -$44.6M+39.6%
Gross Profit

$463M

Previous: $352M+31.3%
R&D Expense

$139M

No prior period
Stock-Based Comp

$145M

Previous: $122M+18.6%

Revenue & EPS history

Zscaler · Revenue · Quarterly

$593M

Q4 2024+30.3%vs Q4 2023
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Forward guidance

For the first quarter of fiscal 2025, Zscaler expects revenue of $604 million to $606 million and non-GAAP net income per share of approximately $0.62 to $0.63. For the full year fiscal 2025, the company expects revenue of approximately $2.60 billion to $2.62 billion and non-GAAP net income per share of $2.81 to $2.87.

Tailwinds

  • Revenue of $604 million to $606 million for Q1 2025.
  • Non-GAAP income from operations of $114 million to $116 million for Q1 2025.
  • Non-GAAP net income per share of approximately $0.62 to $0.63 for Q1 2025.
  • Revenue of approximately $2.60 billion to $2.62 billion for fiscal year 2025.
  • Non-GAAP net income per share of $2.81 to $2.87 for fiscal year 2025.

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 2024

Historical avgQ4 2024

+1.5%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+2.6%

Avg return

30 days after

39%

13 / 33 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 2026-15.8%+2.9%
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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