Zscaler, Inc.
ZSQ1 2025(ZS Q2 FY2025)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$325.6M
AI Revenue (Q)
$30.7M
Total Revenue (Q)
$1.0B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2025 10-Q (quarter ended January 31, 2025) revenue was $647.9M. Forward-looking statements continue to reference AI/ML capabilities. The subscription revenue mix shifted slightly with 98% subscription (up from 97%), potentially reflecting higher-value AI-enriched subscriptions. No AI-specific revenue breakout. Growing market demand for AI security solutions and Zscaler's expanding AI product suite (data fabric, AI copilot features, breach prediction) support a modest increase. Math: ~$19.4M estimated AI / $647.9M total = ~3.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $647,900
10-Q Q2 FY2025, Condensed Consolidated Statements of Operations
Subscription and support revenue is recognized over time and accounted for approximately 98% and 97% of our revenue for the three and six months ended January 31, 2025, respectively
10-Q Q2 FY2025, Note 2 Revenue Recognition
AI Products Identified (Ring 1)
Avalor / Data Fabric for SecurityZDX CopilotAI-powered data protectionBreach Predictor
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Zero Trust Exchange platformZIAZPAZDX
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix