Want to see ZS full AI Analyst Report?
Remaining Performance Obligations
Value of contracted but not yet recognized revenue from existing subscriptions and multi-year deals. A healthy or growing RPO gives visibility into future revenue and shows the strength of sales commitments; falling RPO can signal weaker new bookings, shrinking deal sizes, or renewal pressure.Remaining Performance Obligations have surged into the multi‑billion dollar range, giving Zscaler materially stronger revenue visibility and helping drive record operating margins; management pegs RPO near $6.5B with roughly half current (near-term convertibility). That safety‑net matters, but guidance and commentary warn of a coming growth deceleration, recent sales leadership turnover, and integration/CapEx timing risks (Red Canary and pulled‑forward hardware purchases) that could blunt how quickly this backlog translates into net‑new ARR and top‑line momentum.
Date | Remaining Performance Obligations |
|---|---|
Jun 30, 2026 | $7.37B |
Mar 31, 2026 | $6.46B |
Dec 31, 2025 | $6.05B |
Sep 30, 2025 | $5.93B |
Jun 30, 2025 | $5.78B |
Mar 31, 2025 | $4.98B |
Dec 31, 2024 | $4.62B |
Sep 30, 2024 | $4.41B |
Jun 30, 2024 | $4.42B |
Mar 31, 2024 | $3.82B |