Zscaler, Inc.

ZS

Current Price: $174.32

IPO: 2018-03-16

Zscaler, Inc. operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds. It also offers Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy to understand digital experience score for each user, application, and location within an enterprise. In addition, the company provides workload segmentation solutions comprising Zscaler Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and platform as a service to reduce risk and ensure compliance with industry and organizational benchmarks; and Zscaler Cloud Workload Segmentation, which is designed to secure application-to-application communications inside public clouds and data centers to stop lateral threat movement, as well as prevents application compromise and reduces the risk of data breaches. Its platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. It serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.

Website

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Income Statement

Revenue

Year Q1 Q2 Q3 Q4
2020 - - - $125.9m
2021 $142.6m $157m $176.4m $197.1m
2022 $230.5m $255.6m $286.8m $318.1m
2023 $355.5m $387.6m $418.8m $455m
2024 $496.7m $525m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 56.55%
2022 61.68% 62.73% 62.59% 61.39%
2023 54.24% 51.66% 46.02% 43.06%
2024 39.7% 35.45% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 142.6m 157m 176.4m 71.19m
2022 87.94m 98.52m 110.4m 121m
2023 125m 132m 132m 136.9m
2024 141.2m 137.4m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 13.26% 10.15% 12.33% 11.72%
2022 16.97% 10.87% 12.23% 10.9%
2023 11.79% 9.01% 8.05% 8.65%
2024 9.16% 5.7% - -

Cost Of Revenue

Year Q1 Q2 Q3 Q4
2020 - - - $31.36m
2021 $31.73m $34.14m $38.98m $45.48m
2022 $52.17m $57.78m $64.02m $68.31m
2023 $76.7m $87.6m $95.85m $102.7m
2024 $111.4m $117.9m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 45.03%
2022 64.43% 69.28% 64.26% 50.2%
2023 47.02% 51.61% 49.71% 50.32%
2024 45.24% 34.57% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 31.73m 34.14m 38.98m 14.12m
2022 20.44m 23.65m 25.05m 22.83m
2023 24.53m 29.82m 31.83m 34.37m
2024 34.7m 30.28m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 1.18% 7.59% 14.18% 16.68%
2022 14.71% 10.76% 10.8% 6.69%
2023 12.28% 14.22% 9.41% 7.13%
2024 8.48% 5.83% - -

Gross Profit

Year Q1 Q2 Q3 Q4
2020 - - - $94.53m
2021 $110.9m $122.9m $137.4m $151.6m
2022 $178.3m $197.8m $222.8m $249.8m
2023 $278.9m $300m $323m $352.3m
2024 $385.3m $407.1m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 60.37%
2022 60.89% 60.92% 62.11% 64.75%
2023 56.35% 51.68% 44.96% 41.07%
2024 38.18% 35.71% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 110.9m 122.9m 137.4m 57.07m
2022 67.5m 74.87m 85.36m 98.16m
2023 100.5m 102.2m 100.2m 102.6m
2024 106.5m 107.1m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 17.27% 10.88% 11.81% 10.31%
2022 17.65% 10.9% 12.64% 12.1%
2023 11.65% 7.58% 7.65% 9.1%
2024 9.36% 5.66% - -

Gross Profit Ratio

Year Q1 Q2 Q3 Q4
2020 - - - 75.09%
2021 77.75% 78.26% 77.90% 76.92%
2022 77.37% 77.39% 77.68% 78.52%
2023 78.43% 77.40% 77.11% 77.43%
2024 77.57% 77.55% - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 2.44%
2022 -0.49% -1.12% -0.29% 2.08%
2023 1.37% 0.01% -0.73% -1.39%
2024 -1.09% 0.19% - -

Research & Development Expenses

Year Q1 Q2 Q3 Q4
2020 - - - $32.79m
2021 $35.77m $41.75m $40.95m $56.18m
2022 $65.22m $69.2m $76.58m $78.15m
2023 $74.95m $85.77m $92.64m $96.39m
2024 $113.5m $122.2m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 71.36%
2022 82.32% 65.73% 86.99% 39.11%
2023 14.92% 23.95% 20.97% 23.34%
2024 51.49% 42.44% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 35.77m 41.75m 40.95m 23.4m
2022 29.45m 27.44m 35.63m 21.97m
2023 9.73m 16.57m 16.06m 18.24m
2024 38.59m 36.4m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 9.1% 16.72% -1.91% 37.18%
2022 16.08% 6.1% 10.67% 2.05%
2023 -4.1% 14.44% 8.01% 4.05%
2024 17.79% 7.6% - -

General & Administrative Expenses

Year Q1 Q2 Q3 Q4
2020 - - - $17.41m
2021 $20.86m $24.65m $24.6m $26.43m
2022 $33.72m $37.44m $40.67m $39.9m
2023 $44.16m $43.52m $43.49m $46.38m
2024 $50.72m $54.6m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 51.81%
2022 61.64% 51.88% 65.37% 50.98%
2023 30.96% 16.23% 6.92% 16.23%
2024 14.86% 25.44% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 20.86m 24.65m 24.6m 9.019m
2022 12.86m 12.79m 16.08m 13.47m
2023 10.44m 6.078m 2.814m 6.478m
2024 6.56m 11.07m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 19.82% 18.19% -0.24% 7.45%
2022 27.58% 11.05% 8.62% -1.89%
2023 10.66% -1.44% -0.08% 6.66%
2024 9.35% 7.65% - -

Selling & Marketing Expenses

Year Q1 Q2 Q3 Q4
2020 - - - $89.22m
2021 $96.89m $110.4m $115.7m $136.4m
2022 $153.8m $175.1m $192.1m $214.2m
2023 $228.8m $235.9m $236.3m $252.8m
2024 $267.1m $276.5m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 52.86%
2022 58.72% 58.58% 66.02% 57.08%
2023 48.8% 34.77% 22.97% 18.01%
2024 16.73% 17.18% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 96.89m 110.4m 115.7m 47.16m
2022 56.9m 64.67m 76.4m 77.84m
2023 75.05m 60.87m 44.14m 38.58m
2024 38.28m 40.54m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 8.59% 13.95% 4.83% 17.85%
2022 12.76% 13.84% 9.74% 11.5%
2023 6.82% 3.11% 0.14% 7.0%
2024 5.66% 3.51% - -

Selling General & Administrative Expenses

Year Q1 Q2 Q3 Q4
2020 - - - $106.6m
2021 $117.7m $135.1m $140.3m $162.8m
2022 $187.5m $212.5m $232.8m $254.1m
2023 $273m $279.5m $279.8m $299.2m
2024 $317.8m $332m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 52.69%
2022 59.24% 57.35% 65.9% 56.09%
2023 45.59% 31.5% 20.17% 17.73%
2024 16.42% 18.8% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 117.7m 135.1m 140.3m 56.18m
2022 69.76m 77.46m 92.48m 91.32m
2023 85.49m 66.95m 46.96m 45.06m
2024 44.84m 52.55m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 10.43% 14.7% 3.9% 16.03%
2022 15.16% 13.34% 9.55% 9.16%
2023 7.42% 2.37% 0.1% 6.95%
2024 6.23% 4.46% - -

Other Expenses

Year Q1 Q2 Q3 Q4
2020 - - - $-252k
2021 $268k $518k $71k $329k
2022 $-589k $-844k $-2.001m $-774k
2023 $-863k $141k $-809k $-331k
2024 $-1.212m $172k - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -230.56%
2022 -319.78% -262.93% -2918.31% -335.26%
2023 46.52% -116.71% -59.57% -57.24%
2024 40.44% 21.99% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 268k 518k 71k 581k
2022 -857k -1.362m -2.072m -1.103m
2023 -274k 985k 1.192m 443k
2024 -349k 31k - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -Infinity%
2021 -206.35% 93.28% -86.29% 363.38%
2022 -279.03% 43.29% 137.09% -61.32%
2023 11.5% -116.34% -673.76% -59.09%
2024 266.16% -114.19% - -

Operating Expenses

Year Q1 Q2 Q3 Q4
2020 - - - $139.4m
2021 $153.5m $176.8m $181.3m $219m
2022 $252.7m $281.7m $309.4m $332.3m
2023 $347.9m $365.2m $372.4m $395.6m
2024 $431.4m $454.2m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 57.08%
2022 64.62% 59.33% 70.67% 51.73%
2023 37.68% 29.65% 20.37% 19.05%
2024 23.98% 24.35% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 153.5m 176.8m 181.3m 79.58m
2022 99.2m 104.9m 128.1m 113.3m
2023 95.22m 83.52m 63.01m 63.3m
2024 83.43m 88.95m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 10.12% 15.17% 2.53% 20.81%
2022 15.4% 11.47% 9.82% 7.4%
2023 4.71% 4.97% 1.96% 6.22%
2024 9.05% 5.29% - -

Cost & Expenses

Year Q1 Q2 Q3 Q4
2020 - - - $170.8m
2021 $185.2m $210.9m $220.3m $264.5m
2022 $304.9m $339.5m $373.4m $400.6m
2023 $424.6m $452.8m $468.2m $498.3m
2024 $542.8m $572.1m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 54.87%
2022 64.59% 60.94% 69.53% 51.47%
2023 39.28% 33.39% 25.4% 24.38%
2024 27.82% 26.33% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 185.2m 210.9m 220.3m 93.7m
2022 119.6m 128.6m 153.2m 136.1m
2023 119.7m 113.3m 94.84m 97.67m
2024 118.1m 119.2m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 8.47% 13.87% 4.41% 20.08%
2022 15.28% 11.35% 9.99% 7.28%
2023 6.0% 6.64% 3.4% 6.41%
2024 8.93% 5.4% - -

Interest Expense

Year Q1 Q2 Q3 Q4
2020 - - - $5.025m
2021 $13.05m $13.25m $13.44m $13.63m
2022 $13.84m $14.04m $14.25m $14.46m
2023 $1.331m $1.333m $1.383m $2.494m
2024 $3.159m $3.829m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 171.32%
2022 6.02% 6.0% 6.03% 6.04%
2023 -90.38% -90.51% -90.29% -82.75%
2024 137.34% 187.25% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 13.05m 13.25m 13.44m 8.609m
2022 786k 795k 810k 824k
2023 -12.5m -12.71m -12.86m -11.96m
2024 1.828m 2.496m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 159.68% 1.5% 1.44% 1.47%
2022 1.47% 1.48% 1.47% 1.49%
2023 -90.79% 0.15% 3.75% 80.33%
2024 26.66% 21.21% - -

Depreciation & Amortization

Year Q1 Q2 Q3 Q4
2020 - - - $6.778m
2021 $7.669m $8.811m $9.65m $10.33m
2022 $11.24m $12.22m $11.62m $15.17m
2023 $21.43m $28.73m $35.27m $18.97m
2024 $17m $18.48m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 52.38%
2022 46.6% 38.68% 20.39% 46.85%
2023 90.61% 135.09% 203.59% 25.07%
2024 -20.68% -35.66% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 7.669m 8.811m 9.65m 3.55m
2022 3.574m 3.408m 1.968m 4.839m
2023 10.19m 16.51m 23.65m 3.802m
2024 -4.432m -10.24m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 13.15% 14.89% 9.52% 7.03%
2022 8.86% 8.68% -4.92% 30.55%
2023 41.29% 34.05% 22.78% -46.22%
2024 -10.39% 8.73% - -

Ebitda

Year Q1 Q2 Q3 Q4
2020 - - - $-37.29m
2021 $-33.79m $-43.81m $-33.54m $-56.22m
2022 $-63.24m $-72m $-74.98m $-67.36m
2023 $-47.66m $-36.51m $-14.17m $-3.264m
2024 $-4.329m $-28.59m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -Infinity% -Infinity% -Infinity% 50.76%
2022 87.17% 64.33% 123.58% 19.83%
2023 -24.65% -49.29% -81.1% -95.15%
2024 -90.92% -21.71% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -33.79m -43.81m -33.54m -18.93m
2022 -29.45m -28.19m -41.44m -11.15m
2023 15.59m 35.49m 60.81m 64.1m
2024 43.33m 7.926m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -Infinity%
2021 -9.38% 29.67% -23.46% 67.63%
2022 12.5% 13.84% 4.14% -10.16%
2023 -29.25% -23.39% -61.18% -76.97%
2024 32.63% 560.34% - -

Operating Income

Year Q1 Q2 Q3 Q4
2020 - - - $-44.89m
2021 $-42.67m $-53.9m $-43.85m $-67.4m
2022 $-74.37m $-83.93m $-86.6m $-82.53m
2023 $-69.09m $-65.24m $-49.45m $-44.55m
2024 $-46.06m $-47.07m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -Infinity% -Infinity% -Infinity% 50.15%
2022 74.31% 55.72% 97.48% 22.45%
2023 -7.1% -22.27% -42.9% -46.02%
2024 -33.33% -27.85% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -42.67m -53.9m -43.85m -22.51m
2022 -31.7m -30.03m -42.75m -15.13m
2023 5.284m 18.69m 37.15m 37.98m
2024 23.03m 18.17m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -Infinity%
2021 -4.95% 26.32% -18.64% 53.7%
2022 10.35% 12.86% 3.18% -4.7%
2023 -16.29% -5.57% -24.21% -9.9%
2024 3.38% 2.2% - -

Operating Income Ratio

Year Q1 Q2 Q3 Q4
2020 - - - $-0.3566
2021 $-0.2993 $-0.3432 $-0.2486 $-0.342
2022 $-0.3226 $-0.3284 $-0.3019 $-0.2595
2023 $-0.1943 $-0.1683 $-0.1181 $-0.09792
2024 $-0.09273 $-0.08965 - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -Infinity% -Infinity% -Infinity% -4.09%
2022 7.81% -4.31% 21.47% -24.13%
2023 -39.77% -48.75% -60.9% -62.26%
2024 -52.28% -46.73% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -0.2993 -0.3432 -0.2486 0.01458
2022 -0.02337 0.01478 -0.05336 0.08251
2023 0.1283 0.1601 0.1839 0.1616
2024 0.1016 0.07866 - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -Infinity%
2021 -16.07% 14.69% -27.57% 37.58%
2022 -5.66% 1.8% -8.06% -14.06%
2023 -25.11% -13.38% -29.86% -17.07%
2024 -5.3% -3.31% - -

Total Other Income Expenses Net

Year Q1 Q2 Q3 Q4
2020 - - - $-252k
2021 $268k $518k $71k $329k
2022 $-589k $-844k $-15.3m $-12.63m
2023 $5.671m $11.48m $10.08m $-1.63m
2024 $-1.212m $26.56m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -230.56%
2022 -319.78% -262.93% -21646.48% -3937.39%
2023 -1062.82% -1459.83% -165.92% -87.09%
2024 -121.37% 131.45% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 268k 518k 71k 581k
2022 -857k -1.362m -15.37m -12.95m
2023 6.26m 12.32m 25.38m 11m
2024 -6.883m 15.09m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -Infinity%
2021 -206.35% 93.28% -86.29% 363.38%
2022 -279.03% 43.29% 1712.56% -17.47%
2023 -144.92% 102.38% -12.14% -116.16%
2024 -25.64% -2291.67% - -

Income Before Tax

Year Q1 Q2 Q3 Q4
2020 - - - $-49.09m
2021 $-54.51m $-65.87m $-56.62m $-80.18m
2022 $-88.32m $-98.26m $-101.9m $-95.15m
2023 $-63.42m $-53.76m $-39.36m $-26.03m
2024 $-24.49m $-20.51m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -Infinity% -Infinity% -Infinity% 63.32%
2022 62.03% 49.17% 79.96% 18.68%
2023 -28.2% -45.29% -61.37% -72.65%
2024 -61.39% -61.86% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -54.51m -65.87m -56.62m -31.09m
2022 -33.81m -32.39m -45.27m -14.98m
2023 24.91m 44.5m 62.53m 69.13m
2024 38.93m 33.26m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -Infinity%
2021 11.03% 20.84% -14.04% 41.6%
2022 10.16% 11.25% 3.7% -6.62%
2023 -33.35% -15.22% -26.79% -33.88%
2024 -5.92% -16.26% - -

Income Tax Expense

Year Q1 Q2 Q3 Q4
2020 - - - $457k
2021 $498k $1.671m $1.837m $845k
2022 $2.479m $2.161m $-490k $2.498m
2023 $4.746m $3.692m $6.685m $4.648m
2024 $8.997m $7.964m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 84.9%
2022 397.79% 29.32% -126.67% 195.62%
2023 91.45% 70.85% -1464.29% 86.07%
2024 89.57% 115.71% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 498k 1.671m 1.837m 388k
2022 1.981m 490k -2.327m 1.653m
2023 2.267m 1.531m 7.175m 2.15m
2024 4.251m 4.272m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 8.97% 235.54% 9.93% -54.0%
2022 193.37% -12.83% -122.67% -609.8%
2023 89.99% -22.21% 81.07% -30.47%
2024 93.57% -11.48% - -

Net Income

Year Q1 Q2 Q3 Q4
2020 - - - $-49.55m
2021 $-55.01m $-67.54m $-58.46m $-81.02m
2022 $-90.8m $-100.4m $-101.4m $-97.65m
2023 $-68.16m $-57.45m $-46.05m $-30.67m
2024 $-33.48m $-28.47m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -Infinity% -Infinity% -Infinity% 63.52%
2022 65.07% 48.68% 73.46% 20.52%
2023 -24.93% -42.79% -54.59% -68.59%
2024 -50.88% -50.45% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -55.01m -67.54m -58.46m -31.47m
2022 -35.8m -32.88m -42.95m -16.63m
2023 22.64m 42.97m 55.36m 66.98m
2024 34.68m 28.98m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -Infinity%
2021 11.01% 22.79% -13.45% 38.6%
2022 12.07% 10.59% 0.98% -3.7%
2023 -30.2% -15.71% -19.85% -33.38%
2024 9.16% -14.97% - -

Balance Sheet

Deferred Revenue

Year Q1 Q2 Q3 Q4
2020 - - - $337.3m
2021 $340m $406.2m $445.8m $571.3m
2022 $584.3m $687.9m $731.9m $923.7m
2023 $913.1m $1b $1.059b $1.281b
2024 $1.245b $1.316b - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 69.39%
2022 71.84% 69.36% 64.16% 61.7%
2023 56.27% 45.42% 44.68% 38.69%
2024 36.3% 31.59% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 340m 406.2m 445.8m 234m
2022 244.3m 281.7m 286.1m 352.5m
2023 328.8m 312.4m 327m 357.4m
2024 331.4m 316.1m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 0.82% 19.45% 9.76% 28.14%
2022 2.28% 17.73% 6.39% 26.21%
2023 -1.15% 9.56% 5.85% 20.99%
2024 -2.86% 5.78% - -

Cash Flow

Operating Cash Flow

Year Q1 Q2 Q3 Q4
2020 - - - $31.64m
2021 $53.53m $30.4m $73.37m $44.74m
2022 $93.27m $48.26m $77.24m $103.1m
2023 $128.5m $89.48m $108.5m $135.9m
2024 $260.8m $142.1m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 41.41%
2022 74.23% 58.74% 5.28% 130.55%
2023 37.72% 85.41% 40.43% 31.8%
2024 103.03% 58.77% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 53.53m 30.4m 73.37m 13.1m
2022 39.74m 17.86m 3.873m 58.4m
2023 35.19m 41.22m 31.23m 32.8m
2024 132.3m 52.59m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 69.22% -43.2% 141.31% -39.03%
2022 108.49% -48.26% 60.05% 33.53%
2023 24.55% -30.34% 21.22% 25.32%
2024 91.86% -45.53% - -

Free Cash Flow

Year Q1 Q2 Q3 Q4
2020 - - - $10.92m
2021 $42.23m $18.03m $55.78m $27.7m
2022 $83.37m $29.45m $43.75m $74.77m
2023 $95.61m $62.82m $73.89m $101.3m
2024 $224.7m $100.8m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 153.79%
2022 97.43% 63.3% -21.58% 169.92%
2023 14.69% 113.31% 68.9% 35.48%
2024 135.03% 60.44% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 42.23m 18.03m 55.78m 16.79m
2022 41.14m 11.42m -12.04m 47.07m
2023 12.25m 33.37m 30.14m 26.53m
2024 129.1m 37.97m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 286.87% -57.29% 209.31% -50.34%
2022 200.95% -64.68% 48.54% 70.92%
2023 27.88% -34.3% 17.62% 37.1%
2024 121.83% -55.15% - -