Zscalerreason 03 of 4it makes it for less than anyone else canderived 2026-09-08accession 0001713683-26-000157
As our customers expand and increase the use of our cloud platform, driven by additional users, applications, workloads, AI agents, and connected devices, our cost of revenue will increase due to higher bandwidth and data center expenses. However, we expect to continue to benefit from economies of scale as our customers increase the use of our cloud platform
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedthree sentences · whole, uncut
the claims it rests on
“As our customers expand and increase the use of our cloud platform, driven by additional users, applications, workloads, AI agents, and connected devices, our cost of revenue will increase due to higher bandwidth and data center expenses. However, we expect to continue to benefit from economies of scale as our customers increase the use of our cloud platform”
what it was checked against
per-user and usage-based pricing model
“Our subscription pricing is primarily calculated on a per-user and metered-usage basis.”
customer expansion over time
“We typically expand our relationship with our customers over time.”