Zscaler, Inc. (ZS) Q4 2025 Earnings Call Transcript


Conference Call Participants

Saket Kalia – Barclays Bank PLC, Research Division
Brad Zelnick – Deutsche Bank AG, Research Division
Michael Cikos – Needham & Company, LLC, Research Division
Meta Marshall – Morgan Stanley, Research Division
Joshua Tilton – Wolfe Research, LLC
Andrew Nowinski – Wells Fargo Securities, LLC, Research Division
Fatima Boolani – Citigroup Inc., Research Division
Gray Powell – BTIG, LLC, Research Division
Eric Heath – KeyBanc Capital Markets Inc., Research Division
Patrick Edwin Colville – Scotiabank Global Banking and Markets, Research Division
Joseph Gallo – Jefferies LLC, Research Division
Brian Essex – JPMorgan Chase & Co, Research Division
Shrenik Kothari – Robert W. Baird & Co. Incorporated, Research Division
Todd Weller – Stephens Inc., Research Division
Adam Borg – Stifel, Nicolaus & Company, Incorporated, Research Division
Andrew DeGasperi – BNP Paribas Exane, Research Division

Presentation

Operator

Hello, and welcome to Zscaler Fourth Quarter 2025 Earnings Call. [Operator Instructions]

I would now like to turn the conference over to Ashwin Kesireddy, Vice President of Investor Relations and Strategic Finance. Sir, you may begin.

Ashwin Kesireddy
Vice President of Investor Relations & Strategic Finance

Good afternoon, everyone, and welcome to the Zscaler Fourth Quarter Fiscal Year 2025 Earnings Conference Call. On the call with me today are Jay Chaudhry, Chairman and CEO; and Kevin Rubin, CFO. Please note, we have posted our earnings release and a supplemental financial schedule to our Investor Relations website.

Unless otherwise noted, all numbers we talk about today will be on an adjusted non-GAAP basis. You will find the reconciliation of GAAP to the non-GAAP financial measures in our earnings release.

I’d like to remind you that today’s



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