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Zscaler, Inc. (ZS) SEC Filing 10-K Annual Report for the fiscal year ending Sunday, July 31, 2022

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Zscaler, Inc.

CIK: 1713683 Ticker: ZS


Exhibit 99.1

Zscaler Reports Fourth Quarter and Fiscal 2022 Financial Results
Fourth Quarter Highlights
Revenue grows 61% year-over-year to $318.1 million
Calculated billings grows 57% year-over-year to $520.4 million
Deferred revenue grows 62% year-over-year to $1,021.1 million
GAAP net loss of $97.7 million compared to GAAP net loss of $81.0 million on a year-over-year basis
Non-GAAP net income of $36.4 million compared to non-GAAP net income of $20.3 million on a year-over-year basis
SAN JOSE, California - September 8, 2022
 - Zscaler, Inc. (Nasdaq: ZS), the leader in cloud security, today announced financial results for its fiscal fourth quarter and fiscal year ended July 31, 2022.
"We delivered outstanding results for the fourth quarter with 61% revenue growth and 57% billings growth year over year, while driving operational efficiency across the company and delivering on Rule of 80 for the quarter and for the full year," said Jay Chaudhry, Chairman and CEO of Zscaler. "Our customers are realizing immense value from the new, innovative services and advanced capabilities being integrated into our Zero Trust security platform. Despite the uncertain macroeconomic landscape which continues to evolve, we continue to see favorable demand for our Zero Trust Exchange platform because it makes businesses more secure, simplifies IT, and reduces cost.”

Fourth Quarter Fiscal 2022 Financial Highlights
Revenue: $318.1 million, an increase of 61% year-over-year.
Income (loss) from operations: GAAP loss from operations was $82.5 million, or 26% of total revenue, compared to $67.4 million, or 34% of total revenue, in the fourth quarter of fiscal 2021. Non-GAAP income from operations was $38.1 million, or 12% of total revenue, compared to $20.6 million, or 10% of total revenue, in the fourth quarter of fiscal 2021.
Net income (loss): GAAP net loss was $97.7 million, compared to $81.0 million in the fourth quarter of fiscal 2021. Non-GAAP net income was $36.4 million, compared to $20.3 million in the fourth quarter of fiscal 2021.
Net income (loss) per share: GAAP net loss per share was $0.69, compared to $0.59 in the fourth quarter of fiscal 2021. Non-GAAP net income per share was $0.25, compared to $0.14 in the fourth quarter of fiscal 2021.
Cash flow: Cash provided by operations was $103.1 million, or 32% of revenue, compared to $44.7 million, or 23% of revenue, in the fourth quarter of fiscal 2021. Free cash flow was $74.8 million, or 24% of revenue, compared to $27.7 million, or 14% of revenue, in the fourth quarter of fiscal 2021.
Deferred revenue: $1,021.1 million as of July 31, 2022, an increase of 62% year-over-year.
Cash, cash equivalents and short-term investments: $1,731.3 million as of July 31, 2022, an increase of $228.8 million from July 31, 2021.

Full Year Fiscal 2022 Financial Highlights
Revenue: $1,090.9 million, an increase of 62% year-over-year.
Income (loss) from operations: GAAP loss from operations was $327.4 million, or 30% of total revenue, compared to $207.8 million, or 31% of total revenue, in fiscal 2021. Non-GAAP income from operations was $111.6 million, or 10% of total revenue, compared to $78.0 million, or 12% of total revenue, in fiscal 2021.
Net income (loss): GAAP net loss was $390.3 million, compared to $262.0 million in fiscal 2021. Non-GAAP net income was $101.3 million, compared to $75.7 million in fiscal 2021.
1

The following information was filed by Zscaler, Inc. (ZS) on Thursday, September 8, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Zscaler, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
401(K) Plan
Business And Summary Of Significant Accounting Policies
Business And Summary Of Significant Accounting Policies (Policies)
Business And Summary Of Significant Accounting Policies - Narrative (Details)
Business Combinations
Business Combinations (Tables)
Business Combinations - Narrative (Details)
Business Combinations - Net Assets Acquired (Details)
Cash Equivalents And Short-Term Investments
Cash Equivalents And Short-Term Investments (Tables)
Cash Equivalents And Short-Term Investments - Narrative (Details)
Cash Equivalents And Short-Term Investments - Schedule Of Cash Equivalents And Short-Term Investments (Details)
Cash Equivalents And Short-Term Investments - Schedule Of Maturities (Details)
Cash Equivalents And Short-Term Investments - Schedule Of Unrealized Position (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Maturities (Details)
Commitments And Contingencies - Narrative (Details)
Common Stock
Common Stock (Tables)
Common Stock - Narrative (Details)
Common Stock - Schedule Of Common Stock (Details)
Convertible Senior Notes
Convertible Senior Notes (Tables)
Convertible Senior Notes - Carrying Amounts (Details)
Convertible Senior Notes - Interest Expense (Details)
Convertible Senior Notes - Narrative (Details)
Convertible Senior Notes - Summary Of Notes (Details)
Derivative Instruments
Derivative Instruments (Tables)
Derivative Instruments - Cash Flow Hedges On Our Consolidated Statement Of Operations (Details)
Derivative Instruments - Narrative (Details)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Goodwill And Acquired Intangible Assets
Goodwill And Acquired Intangible Assets (Tables)
Goodwill And Acquired Intangible Assets - Narrative (Details)
Goodwill And Acquired Intangible Assets - Schedule Of Acquired Intangible Assets (Details)
Goodwill And Acquired Intangible Assets - Schedule Of Future Amortization Expense (Details)
Goodwill And Acquired Intangible Assets - Schedule Of Goodwill (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Narrative (Details)
Income Taxes - Schedule Of Components Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Schedule Of Components Of Provision Of Income Taxes (Details)
Income Taxes - Schedule Of Income Before Income Tax (Details)
Income Taxes - Schedule Of Reconciliation Of Effective Income Tax Rate (Details)
Income Taxes - Schedule Of Unrecognized Tax Benefits (Details)
Income Taxes - Schedule Of Valuation Allowance (Details)
Net Loss Per Share
Net Loss Per Share (Tables)
Net Loss Per Share - Antidilutive Securities Excluded From Computation (Details)
Net Loss Per Share - Net Loss Per Share (Details)
Net Loss Per Share- Narrative (Details)
Operating Leases
Operating Leases (Tables)
Operating Leases - Assets And Liabilities (Details)
Operating Leases - Future Maturities (Details)
Operating Leases - Lease Costs (Details)
Operating Leases - Narrative (Details)
Property And Equipment And Purchased Intangible Assets
Property And Equipment And Purchased Intangible Assets (Tables)
Property And Equipment And Purchased Intangible Assets - Narrative (Details)
Property And Equipment And Purchased Intangible Assets - Schedule Of Property And Equipment (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Deferred Contract Acquisition Costs (Details)
Revenue Recognition - Disaggregation Of Revenue (Details)
Revenue Recognition - Narrative (Details)
Revenue Recognition - Remaining Performance Obligation (Details)
Segment And Geographic Information
Segment And Geographic Information (Tables)
Segment And Geographic Information - Narrative (Details)
Segment And Geographic Information - Schedule Of Long-Lived Assets (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Narrative (Details)
Stock-Based Compensation - Schedule Of Rsu And Psa Activity (Details)
Stock-Based Compensation - Schedule Of Stock Options (Details)
Stock-Based Compensation - Stock-Based Compensation Expense (Details)
Stock-Based Compensation - Valuation Assumptions (Details)
Ticker: ZS
CIK: 1713683
Form Type: 10-K Annual Report
Accession Number: 0001713683-22-000081
Submitted to the SEC: Thu Sep 15 2022 4:29:56 PM EST
Accepted by the SEC: Thu Sep 15 2022
Period: Sunday, July 31, 2022
Industry: Computer Programming Services

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