Zscaler, Inc.
ZSQ2 2025(ZS Q3 FY2025)Estimated3.5% AI
AI Revenue %
3.5%
AI Fair Value
$384.8M
AI Revenue (Q)
$55.1M
Total Revenue (Q)
$1.6B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2025 10-Q (quarter ended April 30, 2025) revenue was $678.0M. Forward-looking statements reference AI/ML capabilities. Subscription revenue remained at ~98%. Remaining performance obligations grew to $4,978.0M (up from $4,615.3M in Q2), suggesting strong deal momentum. No AI-specific revenue breakout. Zscaler's AI product portfolio (Security for AI, Data Fabric for Security, AI-powered data protection, Breach Predictor) is maturing. Conservative uptick to 3.5%. Math: ~$23.7M estimated AI / $678.0M total = ~3.5%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $678,034
10-Q Q3 FY2025, Condensed Consolidated Statements of Operations
the aggregate amount of the transaction price allocated to remaining performance obligations was $4,978.0 million
10-Q Q3 FY2025, Note 2 Revenue Recognition
AI Products Identified (Ring 1)
Security for AI (product pillar)Data Fabric for SecurityAI-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 EverywhereData Security EverywhereZIAZPAZDX
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix