Zscaler, Inc. (ZS) Financial Ratio Screen

NASDAQ Technology United States USD 31238M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Zscaler, Inc. (ZS) is potentially non-compliant in the automated ratio model. While the debt ratio of 23.6% is acceptable, the cash and interest-bearing securities ratio of 44.2% exceeds the 30% threshold. Zscaler, Inc. operates in the Technology sector.

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MSCI new-inclusion financial-ratio snapshot

ZS financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
23.6%
Pass vs 30%
Cash ratio
44.2%
Fail vs 30%
Receivables + cash
26.4%
Pass vs 30%
Impermissible income
4.1%
Pass vs 5%

Calculation date: 2026-10-15. Financial period used: July 2026. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodJuly 2026Calculation date2026-10-15S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Software - Infrastructure) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zero Trust SASE, a solution that securely connects workforces, AI agents, workloads, and IoT/OT devices to cloud apps and AI services; Zscaler Internet Access, which provides advanced threat protection, sandbox, and zero trust firewall; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, and reduced attack surface; Zero Trust Browser, a solution that secures browser-based access to business applications for the extended workforce, including third parties and partners; Zscaler Digital Experience, a solution that monitors end-user experience and helps organizations identify and resolve performance issues across their digital environment; Zero Trust Branch; and Zero Trust Cloud solutions. It also provides Security for AI solution to secure AI adoption across the full AI ecosystem; data security services, including AI-powered data classification and contextual insights, data loss prevention, Saas security, and data security posture management solution. In addition, the company offers Agentic Security Operations solution that enables enterprises to reduce cyber risk by using AI-powered automation; exposure management platform; deception; managed detection and response; agentic security operations center; and threat hunting solutions. It serves automotive, airlines and transportation, conglomerates, consumer goods and retail, energy, financial services, healthcare, insurance, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc. and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style debt and cash reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from July 2026

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 23.6%
/ 30%
44.2%
/ 30%
26.4%
/ 30%
4.06%
/ 5%
RATIOS FAIL*
FTSE 23.6%
/ 33%
44.2%
/ 33%
26.4%
/ 50%
4.06%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
currency unverified -0.38
P/B Ratio
12.0
EV/EBITDA
675.8
EV: 29.6B (currency unverified)
Revenue
3.4B (currency unverified)
Growth: 24.9%
Beta
0.9
Average volatility
Current Ratio
1.7

Profitability

Gross Margin 76.9%
Operating Margin -1.0%
Net Margin -1.9%
Return on Equity (ROE) -2.9%
Return on Assets (ROA) -1.0%

Cash Flow & Balance Sheet

Operating Cash Flow1.1B (currency unverified)
Free Cash Flow779M (currency unverified)
Total Debt1.9B (currency unverified)
Debt-to-Equity71.9
Current Ratio1.7
Total Assets7.9B (currency unverified)

Price & Trading

Last Close$193.89
50-Day MA$164.69
200-Day MA$169.11
Avg Volume3.0M
Beta0.9
52-Week Range
$114.62
$336.99

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-09-17 for the financial period July 2026. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Zscaler, Inc. (ZS)

CEO
Mr. Jagtar Singh Chaudhry
Employees
8,700
Sector
Technology
Industry
Software - Infrastructure
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 31238M
Currency
USD

Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zero Trust SASE, a solution that securely connects workforces, AI agents, workloads, and IoT/OT devices to cloud apps and AI services; Zscaler Internet Access, which provides advanced threat protection, sandbox, and zero trust firewall; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, and reduced attack surface; Zero Trust Browser, a solution that secures browser-based access to business applications for the extended workforce, including third parties and partners; Zscaler Digital Experience, a solution that monitors end-user experience and helps organizations identify and resolve performance issues across their digital environment; Zero Trust Branch; and Zero Trust Cloud solutions. It also provides Security for AI solution to secure AI adoption across the full AI ecosystem; data security services, including AI-powered data classification and contextual insights, data loss prevention, Saas security, and data security posture management solution. In addition, the company offers Agentic Security Operations solution that enables enterprises to reduce cyber risk by using AI-powered automation; exposure management platform; deception; managed detection and response; agentic security operations center; and threat hunting solutions. It serves automotive, airlines and transportation, conglomerates, consumer goods and retail, energy, financial services, healthcare, insurance, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc. and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.

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Frequently Asked Questions

Is Zscaler, Inc. (ZS) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Zscaler, Inc.'s debt ratio?

Zscaler, Inc.'s debt ratio is 23.6% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Zscaler, Inc.'s key financial metrics?

Zscaler, Inc. has a market capitalization of USD 31238M in its listing currency, and revenue of 3.4B (currency unverified). The company maintains a gross margin of 76.9% and a net margin of -1.9%. Return on equity stands at -2.9%.

How often is the screening data updated?

Calculation date: 2026-10-15. Financial period: July 2026. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.