Zscaler (WBO:ZSCA) Research & Development: €718 Mil (TTM As of Apr. 2026)


WBO:ZSCA Zscaler Inc WBO:ZSCA
49 GF Score
Price €108.96
GF Value €251.69
Valuation Possible Value Trap
! 2 Warning Signs
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What is Zscaler Research & Development?

Zscaler WBO:ZSCA -4.54% 49 Research & Development is €718 Mil as of Apr. 2026. GuruFocus rates WBO:ZSCA with a GF Score™ of 49/100 and a GF Value™ of €251.69 (Possible Value Trap). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Zscaler's Research & Development for the three months ended in Apr. 2026 was €199 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Apr. 2026 was €718 Mil.

Zscaler  (WBO:ZSCA) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Zscaler Research & Development Related Terms

Zscaler Research & Development Historical Data

* Premium members only.

The historical data trend for Zscaler's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zscaler Research & Development Chart

Zscaler Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 147.76 284.22 317.11 460.84 576.32

Zscaler Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 151.09 152.21 172.23 195.00 198.60
WBO:ZSCA
49GF Score
Zscaler Inc WBO:ZSCA
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Zscaler Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €718 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €718 Mil mean?
Zscaler (WBO:ZSCA) has a Research & Development of €718 Mil as of Apr. 2026. Research and development expense is the total cost for research and development activities. View historical data on Zscaler and its competitors.
Is Zscaler's Research & Development too high?
Zscaler's current Research & Development is €718 Mil. Overall, Zscaler has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zscaler's Research & Development compare to AKAM and FFIV?
Zscaler's Research & Development of €718 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Software company?
A good Research & Development depends on the Software industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Zscaler and its competitors. Zscaler's current Research & Development is €718 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zscaler stock overvalued right now?
Based on GuruFocus' analysis, Zscaler (WBO:ZSCA) is currently considered Possible Value Trap. The stock's GF Value™ is €251.69, compared to a current price of €108.96 — trading 56.7% below its estimated fair value. The current Research & Development is €718 Mil. Zscaler's overall GF Score™ is 49/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Zscaler (WBO:ZSCA), the current Research & Development is €718 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Zscaler (WBO:ZSCA) Overvalued in 2026?

Based on GuruFocus' analysis, Zscaler stock appears to be undervalued. The current stock price of €108.96 is trading 56.7% below its estimated GF Value™ of €251.69. GuruFocus considers Zscaler to be Possible Value Trap.

Key valuation signals for WBO:ZSCA:

  • Research & Development: €718 Mil
  • GF Value™: €251.69 vs. price of €108.96 (56.7% below fair value)
  • GF Score™: 49/100 with 2 warning signs

No single metric tells the full story. See the WBO:ZSCA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zscaler Business Description

Address 120 Holger Way, San Jose, CA, USA, 95134
Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler's offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.
49GF Score

Get the complete analysis for WBO:ZSCA

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€108.96
Price
€251.69
GF Value