In the latest reporting period for Q3'26, ZS reported a Gross Margin of 77.35%, an Operating Margin of -3.49%, and a Net Profit Margin of -1.63%. This reflects a notable improvement in profitability metrics compared to the preceding quarter, Q2'26, across all three categories. From Q4'23 to Q3'26, the company's Gross Margin remained high and relatively stable, fluctuating within a narrow range between 76.1% and 78.6%. While Operating and Net Profit Margins have consistently remained in negative territory, with the exception of a brief peak in Q3'24, there is a visible long-term trend of narrowing losses. The data indicates an overall trajectory toward break-even, characterized by significant volatility in the most recent fiscal periods.