Zscaler, Inc. (ZS) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: May 26, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 7.59% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

160M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

ZS currently has 161M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 7.59% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
May 26, 2026	10-Q filing \| 160.7M shares outstanding	160M
Nov 25, 2025	10-Q filing \| 158.6M shares outstanding	160M
Sep 11, 2025	10-K filing \| 154.4M shares outstanding	150M
May 29, 2025	10-Q filing \| 154.9M shares outstanding	150M
Mar 10, 2025	10-Q filing \| 153.7M shares outstanding	150M
Dec 05, 2024	10-Q filing \| 152.6M shares outstanding	150M
Sep 12, 2024	10-K filing \| 149.6M shares outstanding	150M
Jun 07, 2024	10-Q filing \| 150.3M shares outstanding	150M
Mar 06, 2024	10-Q filing \| 149.0M shares outstanding	150M
Dec 06, 2023	10-Q filing \| 147.6M shares outstanding	150M
Sep 14, 2023	10-K filing \| 144.9M shares outstanding	140M
Jun 07, 2023	10-Q filing \| 145.4M shares outstanding	150M
Mar 08, 2023	10-Q filing \| 144.5M shares outstanding	140M
Dec 07, 2022	10-Q filing \| 143.5M shares outstanding	140M
Sep 15, 2022	10-K filing \| 140.9M shares outstanding	140M
Jun 09, 2022	10-Q filing \| 141.4M shares outstanding	140M
Mar 09, 2022	10-Q filing \| 140.5M shares outstanding	140M
Dec 08, 2021	10-Q filing \| 139.3M shares outstanding	140M
Sep 16, 2021	10-K filing \| 135.7M shares outstanding	140M
Jun 03, 2021	10-Q filing \| 137.0M shares outstanding	140M
Mar 04, 2021	10-Q filing \| 135.9M shares outstanding	140M
Dec 08, 2020	10-Q filing \| 134.2M shares outstanding	130M
Sep 17, 2020	10-K filing \| 132.9M shares outstanding	130M
Jun 03, 2020	10-Q filing \| 130.5M shares outstanding	130M
Mar 04, 2020	10-Q filing \| 129.4M shares outstanding	130M

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