Zscaler, Inc.
ZSQ2 2024(ZS Q3 FY2024)Estimated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$155.8M
AI Revenue (Q)
$8.3M
Total Revenue (Q)
$553.2M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2024 10-Q (quarter ended April 30, 2024) mentions 'artificial intelligence and machine learning capabilities' in forward-looking statements. Revenue was $553.2M. Zscaler acquired Avalor (AI-powered security data fabric) on March 8, 2024, and Airgap (IoT/OT zero trust) on April 12, 2024. Both acquisitions are very early-stage. From the subsequent FY2024 10-K, Avalor and Airgap combined represent approximately 0.1% of total revenue. Adding incremental AI-powered premium features (AI-powered data loss prevention, threat intelligence, ZDX AI Copilot), conservatively estimate ~1.5%. Math: ~$8.3M estimated AI / $553.2M total = ~1.5%.
Analyzed by claude-opus-4-6
Quoted Figures
our ability to develop new solutions, or enhancements to our existing solutions, including artificial intelligence and machine learning capabilities, and bring them to market in a timely manner
10-Q Q3 FY2024, Forward-Looking Statements
Revenue $553,201
10-Q Q3 FY2024, Condensed Consolidated Statements of Operations
AI Products Identified (Ring 1)
Avalor (AI security data fabric, acquired Mar 2024)ZDX CopilotAI-powered threat detection
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.
Airgap (IoT/OT zero trust)Zscaler Internet Access (ZIA)Zscaler Private Access (ZPA)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix