ZS — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-26

• Changes in macroeconomic and geopolitical conditions, including but not limited to global conflicts, inflation and responses to inflation, tariffs or retaliatory measures due to tariffs, supply chain disruptions, energy shortages and the emergence of AI, can cause uncertainty in our business. We con…

• The OECD's January 2026 guidance introduced a "Side-by-Side Safe Harbor" that may exempt our U.S. operations from certain global minimum tax rules effective for fiscal years beginning on or after January 1, 2026. However, this relief does not extend to foreign jurisdictions where local minimum tax r…

• Interest expense increased by $1.6 million for the nine months ended April 30, 2026, compared to the nine months ended April 30, 2025. The change was driven primarily by higher amortization of debt issuance costs.

• decrease of $9.4 million in accrued compensation. Net outflows were partially offset by cash inflows resulting from decrease in accounts receivable, primarily due to the timing of billings and collections of $280.0 million as well as an $18.2 million increase in accrued expenses and other current an…

Text removed vs the prior filing · source: 10-Q · 2026-02-26

• Changes in macroeconomic and geopolitical conditions can cause uncertainty in our business. We continue to see customer scrutiny of and elongated approval processes for transactions, particularly larger deals, as customers continue to carefully consider purchasing decisions and are requiring multipl…

• Amortization expense of acquired intangible assets11,114 4,245 19,747 8,485

• The OECD's January 2026, guidance introduced a "Side-by-Side Safe Harbor" that may exempt our U.S. operations from certain global minimum tax rules effective for fiscal years beginning on or after January 1, 2026. However, this relief does not extend to foreign jurisdictions where local minimum tax …

• Comparison of the Six Months Ended January 31, 2026 and 2025

• Interest expense increased by $0.9 million for the six months ended January 31, 2026, compared to the six months ended January 31, 2025.

Text added vs the prior filing · source: 10-Q · 2026-05-26

• •if we fail to develop or introduce new enhancements to our cloud platform, including AI enhancements, our ability to attract and retain customers and remain competitive could be impaired;

• relationships with large organizations. Even with these efforts, we cannot predict long-term market acceptance of our cloud platform, or the adoption of competing products, services or technologies. If we fail to achieve or maintain broad market acceptance of our cloud platform or are unable to keep…

• In order for us to maintain or improve our results of operations, it is important that our customers renew their subscriptions for our services when existing contract terms expire, and that we expand our commercial relationships with our existing customers. Our customers have no obligation to renew …

• Our future success also depends in part on the rate at which our current customers add additional users or services to their subscriptions, which is driven by a number of factors, including customer satisfaction with our services, customer security and networking issues and requirements, general eco…

• effectively, which will require that we continue to improve our administrative, operational, financial and management systems and controls by, among other things:

Text removed vs the prior filing · source: 10-Q · 2026-02-26

• our cloud platform or are unable to keep pace with industry changes, particularly as a result of artificial intelligence, our ability to grow our business and our operating results will be materially and adversely affected.

• In order for us to maintain or improve our results of operations, it is important that our customers renew their subscriptions for our services when existing contract terms expire, and that we expand our commercial relationships with our

• existing customers. Our customers have no obligation to renew their subscriptions for our services after the expiration of their contractual subscription period, which is typically one to three years, and in the normal course of business, some customers have elected not to renew. In addition, in cer…

• Our future success also depends in part on the rate at which our current customers add additional users or services to their subscriptions, which is driven by a number of factors, including customer satisfaction with our services, customer security and networking issues and requirements, general eco…

• We currently derive most of our revenue from sales through our channel partner network, and we expect for the foreseeable future most of our future revenue growth will also be driven through this network. Not only does our joint sales approach require additional investment to grow and train our sale…

Text added vs the prior filing · source: 10-Q · 2026-05-26

• On March 20, 2026, Adam Geller, the Company's chief product officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 96,411 shares of our common stock. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c)…

• On March 24, 2026, Kevin Rubin, the Company's chief financial officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 14,754 shares of our common stock. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(…

• No other directors or officers, as defined in Rule 16a-1(f) under the Exchange Act, adopted, modified or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement" as defined in Regulation S-K Item 408 during the three months ended April 30, 2026.