Company / R&D Expense
Zscaler, Inc. R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$672.5M
FY2025
5-year range
$62.0M / $672.5M
FY2021-FY2025
Trend
+34.5%
vs FY2024
Sector context
#56 of 264
Information Technology
What the data says
Zscaler, Inc.'s r&d expense of $672M is higher than 79% of companies in the Information Technology sector (FY2025). R&D Expense has increased for 7 consecutive years, from $21M in FY2018 to $672M in FY2025.
Based on SEC 10-K filings.
$672M in FY2025 with a 5-year CAGR of +76.4%. Top quartile in the Information Technology sector.
Improved from $351M to $672M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +90.1%
- 5-Year CAGR
- +76.4%
- 10-Year CAGR
- -
Sector benchmark
-27.3% below sector average
Key checks
Key Insights
- Zscaler, Inc.'s r&d expense has grown for 7 consecutive years.
- 5-year CAGR of +76.4%, indicating consistent growth.
- In FY2025, r&d expense increased 34.5% year-over-year.
- Ranks #56 out of 264 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 0.64 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $672.5M | +34.5% |
| FY2024 | $499.8M | +42.5% |
| FY2023 | $350.8M | +258.4% |
| FY2022 | $97.9M | +57.9% |
| FY2021 | $62.0M | +57.4% |
| FY2020 | $39.4M | +17.3% |
| FY2019 | $33.6M | +60.3% |
| FY2018 | $20.9M | -37.6% |
| FY2017 | $33.6M | +60.3% |
| FY2016 | $20.9M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026