Data Security

Zscaler (NASDAQ: ZS) — Q4 FY2026 Post Earnings

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Zscaler ZS q4 post earnings finance note

Operations

Q4 2026
Q4 Revenue ↑ 24.9% YoY $898.2M
Segments
Zscaler 100.0%

Key Earnings Driver

Z-Flex Zscaler revenue increased 24.9% year over year to $898.2M. Within Zscaler, Z-Flex TCV exceeded $770M in Q4, increasing more than 60% quarter over quarter, and exceeded $1.7B for FY2026. Management cited increasing contribution from non-seat-based solutions and continued Z-Flex momentum.

Key Operating Metrics¹

METRIC

STATUS

Zscaler↑ 24.9%

Z-Flex

🟢 Scaling

Key Financial Metrics

Gross Margin 77.00% +1 pp YoY
Backlog / Revenue 819.8% 8.19x Qtr Rev
CapEx Intensity 22.25% 0.22x Revenue

Sources: Zscaler Q4 FY2026 Earnings Release — Company Website, Zscaler Q4 FY2026 Shareholder Letter — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Rubrik (NYSE: RBRK) — Q2 FY2027 Post Earnings

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Rubrik Q2 27 Post Earnings RBRK

Operations

Q2 2027
Q2 Revenue ↑ 37.9% YoY $427.3M
Segments
Subscription 95.3%
Other 4.7%

Key Earnings Driver

Identity Resilience Subscription revenue increased 37.1% year over year to $407.2 million. Within subscription, Management described Identity Resilience, a Rubrik Security Cloud capability, as one of the company’s fastest-growing product lines. Management reported Cloud ARR growth of 39% to $1.48 billion, with RSC included within the company’s Cloud ARR measure.

Key Operating Metrics¹

METRIC

STATUS

Subscription↑ 37.1%

Rubrik Security Cloud

Identity Resilience

🟢 Scaling

Key Financial Metrics

Gross Margin 78.40% -1.1 pp YoY
Backlog / Revenue N/A
CapEx Intensity 2.62% 0.02x Revenue

Sources: Rubrik Q2 FY2027 Earnings Release — Company Website, Rubrik Q2 FY2027 Investor Presentation — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) — Q2 FY2027 Post Earnings

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Operations

Q2 2027
Q2 Revenue ↑ 25.8% YoY $1.47B
Segments
Subscription 95.2%
Professional Services 4.8%

Key Earnings Driver

Falcon Platform Subscription revenue increased 27% year over year to $1.4B and Professional Services revenue increased 7% to $70.6M. Module adoption rates for Subscription customers using six or more Falcon modules reached 51%.

Key Operating Metrics¹

METRIC

STATUS

Subscription↑ 27.0%

Falcon Platform

🟢 Scaling

Key Financial Metrics

Gross Margin 75.00% +1 pp YoY
Backlog / Revenue 401.0% 4.01x Qtr Rev
CapEx Intensity 10.26% 0.10x Revenue

Sources: CrowdStrike Q2 FY2027 Financial Results — Company Website, CrowdStrike Q2 FY2027 Earnings Presentation — Company Website, CrowdStrike Q2 FY2027 Form 10-Q — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) — Q2 FY2027 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q1 2027
Q1 Revenue ↑ 25.6% YoY $1.39B
Segments
Subscription 95.3%
Professional Services 4.7%

Key Earnings Driver

Falcon Platform Subscription revenue increased 25.7% year over year to $1.32 billion. Subscription revenue growth was primarily driven by new customer additions and sales of additional sensors and modules to existing customers. 51% of CrowdStrike’s subscription customers were using six or more Falcon modules. Professional Services revenue increased 23.0% to $64.8M.

Key Operating Metrics¹

METRIC

STATUS

Subscription↑ 25.7%

Falcon Platform

🟢 Scaling

Key Financial Metrics

Gross Margin 75.00% +1 pp YoY
Backlog / Revenue 288.7% 2.88x Qtr Rev
CapEx Intensity 8.67% 0.08x Revenue

Sources: CrowdStrike Q1 FY2027 Form 10-Q — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.