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Zscaler reported FY2025 revenue of $2.7 billion and Q2 FY2026 revenue of $815.8 million. The thesis depends on zero-trust demand, large-customer expansion, billings quality, operating leverage, stock compensation and cash conversion.
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IAC reported 2025 revenue of $2.39 billion, a $97.4 million operating loss and $986.8 million of cash, cash equivalents, restricted cash and equivalents at year end. The Coverage Bootstrap question is whether the portfolio company can turn liquidity, public st
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