Zscaler, Inc. ZS NASDAQ

Zscaler, Inc. (ZS) generated $204.07M in operating cash flow for quarter ending 2026-01-31. After capital expenditures of $34.98M, free cash flow was $239.06M.

Free cash flow margin was 29.3% of revenue. Cash conversion ratio was -5.95x, suggesting some earnings are non-cash.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (76/100, Pass) — $239.06M (29.3% margin) supports a durable competitive advantage
• INCOME (10/100) — Cash conversion ratio was -5.95x suggests some earnings are non-cash items

Overall SharesGrow Score: 54/100 with 4/7 criteria passed.