Zscaler Inc. reported its financial results for the third quarter of fiscal year 2025, ending April 30, 2025. The company achieved a revenue of $678.0 million, marking a 23% increase compared to the same period last year. Calculated billings grew by 25% year-over-year to $784.5 million, and deferred revenue rose by 26% to $1,985.0 million. The company reported a GAAP net loss of $4.1 million, a shift from a GAAP net income of $19.1 million in the previous year. However, on a non-GAAP basis, net income was $136.8 million, up from $113.0 million year-over-year. Zscaler's income (loss) from operations showed a GAAP loss of $25.4 million, equating to 4% of revenue, compared to a $3.0 million loss, or 1% of revenue, in the third quarter of fiscal 2024. Non-GAAP income from operations was $146.7 million, representing 22% of revenue, consistent with the previous year's percentage but up from $121.8 million in dollar terms. The company highlighted advancements in its Zero Trust Exchange platform, noting the inclusion of its solutions in the AWS Marketplace for the U.S. Intelligence Community. Additionally, Zscaler announced that T-Mobile has modernized its infrastructure using Zscaler's platform to ensure secure operations for its employees. Zscaler did not provide specific guidance for the fourth quarter or full fiscal year 2025 in the document.