Zscaler, Inc. (ZS) Q3 2025 Earnings Call Transcript

Zscaler, Inc. (NASDAQ:ZS) Q3 2025 Earnings Conference Call May 29, 2025 4:30 PM ET

Company Participants

Ashwin Kesireddy - VP, IR and Strategic Finance
Jay Chaudhry - Chairman and CEO
Remo Canessa - CFO
Kevin Rubin - Incoming CFO

Conference Call Participants

Ittai Kidron - Oppenheimer & Company
Mike Cikos - Needham
Brad Zelnick - Deutsche Bank
Saket Kalia - Barclays
Shrenik Kothari - Baird
Roger Boyd - UBS
Tal Liani - Bank of America
Andrew DeGasperi - BNP Paribas
Andrew Nowinski - Wells Fargo
Shaul Eyal - TD Cowen
Mike Richards - RBC Capital Markets
Gray Powell - BTIG

Operator

Thank you for standing by, and welcome to Zscaler's Third Quarter Fiscal Year 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to hand the call over to Ashwin Kesireddy, Vice President, Investor Relations and Strategic Finance. Please go ahead.

Ashwin Kesireddy

Good afternoon, everyone, and welcome to the Zscaler third quarter fiscal year 2025 earnings conference call. On the call with me today are Jay Chaudhry, Chairman and CEO; and Remo Canessa, 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 a reconciliation of GAAP to the non-GAAP financial measures in our earnings release.

I'd like to remind you that today's discussion will contain forward-looking statements, including, but not limited to, the company's anticipated future revenue, annual recurring revenue, calculated billings, operating performance, gross margin, operating expenses, operating income, net income, free cash flow, dollar-based net retention rate, future hiring decisions, remaining performance obligations, income taxes, earnings per share, our objectives and outlook, our customer response to our products and our market share and market opportunity. These