ZEN on NYSE

Zendesk

Logo: Zendesk, Public domain, via Wikimedia Commons5

American customer service software company

Zendesk, Inc. is a software-as-a-service company that provides products related to customer support, sales, and other customer communications.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

2007Founded1

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  • TickerZEN on NYSE1
  • Industrysoftware industry1
  • HeadquartersSan Francisco1
  • Founded inCopenhagen1
  • Websitewww.zendesk.com
  • Legal formDelaware corporation1
  • Business address989 Market Street, San Francisco, Ca 941036
  • Filer categoryLarge accelerated filer6
  • LEI549300SLI6BN94BKKO364
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 46612374
New zendesk building
Photo: bevali, CC BY-SA 3.0, via Wikimedia Commons8

Zendesk, Inc. is an American company that provides software-as-a-service (SaaS) products related to customer support, sales, and other customer communications. The company was founded in Copenhagen, Denmark, in 2007 and is headquartered in San Francisco, California, United States. Zendesk raised about $86 million in venture capital investments before going public in 2014.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

79.5%Gross margin9
-12.5%Operating margin9
-16.7%Net margin9
30.0%Revenue growth, 20219
-45.7%Return on equity9
2.00×Debt to equity9
$154.6MFree cash flow9

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue21¢$274.9M
  • Research and development26¢$352.0M
  • Other costs48¢$646.1M
  • Interest4¢$58.7M
  • Income tax1¢$6.9M

Out of $1.3B in revenue.9 The company lost money this year.

Where each dollar of operating cash went, fiscal 2021

  • Capital spending9¢$15.1M
  • Kept or used elsewhere91¢$154.6M

Out of $169.8M of cash from operations.9

Financial statements

Revenue101112139$1.3B in 2021+541% since 2015
0$500.0M$1.0B$1.5B2015: $208.8M$208.8M20152016: $312.8M$312.8M2016+50%2017: $430.2M$430.2M2017+38%2018: $598.7M$598.7M2018+39%2019: $816.4M$816.4M2019+36%2020: $1.0B$1.0B2020+26%2021: $1.3B$1.3B2021+30%
Gross profit101112139$1.1B in 2021+651% since 2015
0$500.0M$1.0B$1.5B2015: $141.6M$141.6M20152016: $218.9M$218.9M2016+55%2017: $302.7M$302.7M2017+38%2018: $417.5M$417.5M2018+38%2019: $582.1M$582.1M2019+39%2020: $778.3M$778.3M2020+34%2021: $1.1B$1.1B2021+37%
Operating income101112139-$166.7M in 2021+101% since 2015
-$200.0M-$150.0M-$100.0M-$50.0M02015: -$83.0M-$83.0M20152016: -$98.1M-$98.1M2016+18%2017: -$106.1M-$106.1M2017+8%2018: -$137.9M-$137.9M2018+30%2019: -$163.0M-$163.0M2019+18%2020: -$155.9M-$155.9M2020−4%2021: -$166.7M-$166.7M2021+7%
Net income101112139-$223.6M in 2021+166% since 2015
-$300.0M-$200.0M-$100.0M02015: -$84.1M-$84.1M20152016: -$97.6M-$97.6M2016+16%2017: -$102.1M-$102.1M2017+5%2018: -$131.1M-$131.1M2018+28%2019: -$169.7M-$169.7M2019+29%2020: -$218.2M-$218.2M2020+29%2021: -$223.6M-$223.6M2021+3%
Fiscal year2015201620172018201920202021
Revenue$208.8M10$312.8M11$430.2M12$598.7M13$816.4M9$1.0B9$1.3B9
Cost of revenue$67.2M10$93.9M11$127.4M12$181.3M13$234.3M9$251.3M9$274.9M9
Gross profit$141.6M10$218.9M11$302.7M12$417.5M13$582.1M9$778.3M9$1.1B9
Research and development$62.6M10$91.1M11$115.3M12$160.3M13$207.5M9$255.4M9$352.0M9
Operating expenses$1.2B9
Operating income-$83.0M10-$98.1M11-$106.1M12-$137.9M13-$163.0M9-$155.9M9-$166.7M9
Interest$012$19.9M13$26.7M9$43.3M9$58.7M9
Income before tax-$216.8M9
Income tax$338.0K10$993.0K11-$1.5M12-$12.1M13$1.4M9$5.8M9$6.9M9
Net income-$84.1M10-$97.6M11-$102.1M12-$131.1M13-$169.7M9-$218.2M9-$223.6M9
Earnings per share-$1.539-$1.899-$1.879
Earnings per share (diluted)-$1.539-$1.899-$1.879
Shares (weighted, basic)119.6M shares9
Shares (weighted, diluted)119.6M shares9

Compare Zendesk with another company

The story

2007–2013: Founding and early growth

Zendesk was founded in Copenhagen, Denmark in 2007 by three friends: Morten Primdahl, Alexander Aghassipour, and Mikkel Svane. They started developing the Zendesk software in Svane's loft. The company was original funded by the co-founders while working consulting jobs to support their families. Its software-as-a-service product was released in the fall of 2007 and within a few months had approximately 10,000 trial customers.

Initial interest in the software spread through word-of-mouth, particularly in startup companies. Adoption accelerated in 2008 after Twitter began using the software to respond to customer complaints. Interested investors were willing to invest in Zendesk only if it moved to the United States, and in 2009 it relocated to Boston, Massachusetts. Six months later it relocated to San Francisco, California. It initially raised $500,000 in seed funding, followed by an undisclosed series A funding round. It raised more in additional rounds, totaling $86 million by 2012.

Zendesk implemented as price increase in 2010, causing many customers to threaten to leave the service. The company responded by stating it would not alter pricing for existing customers' current features. Zendesk also created its first sales team in 2010. Zendesk moved to larger offices in the Tenderloin neighborhood of San Francisco in 2011, receiving a six-year payroll tax incentive from the city in exchange for doing community service.

By 2011, half of Zendesk's customers were outside the United States. It continued to expand, opening offices internationally in Ireland, Denmark, the United Kingdom and Australia. Although the company was not yet profitable, its revenues grew five-fold from 2010 to 2012. Revenues grew from $38 million in 2012 to $72 million in 2013. It introduced its first app marketplace for third-party Zendesk software in 2012 and by 2013 had 450 employees.

2014–2017: Initial public offering and acquisitions

Zendesk filed an initial public offering in 2014, raising $100 million on a $1.7 billion valuation. It made its first acquisition the same year, buying the live-chat app Zopim for $29.8 million.

In 2015, Zendesk acquired the French analytics company BIME for $45 million. The same year, it filed oppositions at the United States Patent and Trademark Office to 49 trademarks including the word "zen". The Electronic Frontier Foundation characterized their approach of filing multiple trademark infringement lawsuits covering a wide range of businesses as trademark trolling, and EFF condemned the practice.

In 2016, Zendesk changed its logo and rebranded to emphasize contacting customers proactively. It also added features that turn online reviews and comments into a customer help ticket. It added features that tell customer service agents which portions of the website a customer visited before contacting customer support,

and added features that attempt to predict which customers are most likely to cancel their subscription service.

Read the full text

Zendesk acquired software developer Outbound.io in 2017. Its software was used to help businesses respond to complaints and manage direct communications with customers on social media sites. The same year, Zendesk added an AI bot to its software to help direct customers to answers for their questions. The bot had limited functionality but was expanded two years later. It also opened an office in Singapore in 2017.

2018–2021: Expansion into sales and messaging

Zendesk eventually expanded from customer service to also managing other customer interactions, such as sales. Its first move into sales software was with the $50 million acquisition of Base, a developer of sales automation software. Base was later renamed Sell, and a Sell Marketplace was created for corresponding third-party apps. In 2018, Zendesk introduced Zendesk Suite, a software that combined social media, live-chat, email, and other complaints into a single ticket system. An enterprise version of the software-as-a-service product was also released, with Zendesk receiving 40 percent of its revenue from large businesses by that time. By 2018, Zendesk had annual revenues of $500 million.

In 2019, Zendesk acquired Smooch, an omnichannel messaging platform. Smooch provided messaging services on websites for live-chat customer support. Part of the social media software acquired from Smooch was rebranded as Sunshine Conversations, a tool that competes with Salesforce.com. The same year, Zendesk disclosed the discovery of a data breach from 2016 which resulted in potential exposure of information about users of certain Zendesk products.

In 2020, Zendesk announced more tools for messaging customers on social media and enhancements to its customer relationship management features. Zendesk's sales automation software was revamped with Zendesk Sell in 2020, improving integration with Zendesk's customer support software. Since then, Zendesk marketplace has integrated several third parties technologies to provide more services to the end customers. In 2021 for example, several companies joined Zendesk marketplace, such as Crowlingo for multilingual data collection, Verse for lead conversion and ViiBE for remote visual support.

In October 2021, Zendesk announced plans to acquire Momentive Global Inc., formerly SurveyMonkey, for $4.13 billion. Its investors rejected the deal due to risk, and the agreement to purchase was cancelled in February 2002.

2022–present: Private acquisition and AI expansion

In June 2022, Zendesk announced that it would be acquired by a consortium of private-equity firms led by Permira and Hellman & Friedman in an all-cash deal worth $10.2 billion. The purchase was completed in November 2022, with Tom Eggemeier becoming the new CEO.

Zendesk purchased the workforce management company Tymeshift in 2023. The company's software uses artificial intelligence to track agent activity, productivity, and efficiency in real time. The following year it purchased Klaus, an AI powered platform that evaluates AI agent interactions an identifies actions that require human intervention.

In May 2025, Zendesk acquired Australian company Local Measure for $100 million. The acquisition allowed Zendesk to expand its AI-powered voice agents In July 2025, Zendesk acquired HyperArc, an AI analytics platform. In December 2025, Zendesk acquired Unleash, an enterprise search platform that connects knowledge across internal systems for AI-driven employee service tools.

In March 2026, Zendesk announced that it had entered into a definitive agreement to acquire Forethought, an AI customer experience company focused on automating customer service interactions. Forethought’s technology uses AI agents to automate support workflows such as ticket triage and responses, and by 2025 it supported more than one billion customer interactions per month. Zendesk said it planned to integrate Forethought’s technology into its platform to expand AI-driven customer service automation.

From Wikipedia’s article on Zendesk, shared under CC BY-SA 4.0.7

Leadership

Who has led Zendesk, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (35)

Products and brands

Zendesk's main product is customer service software that helps companies respond to customer complaints. It organizes inquiries from email, phone, or social media into a unified ticketing system. Tickets can then be assigned to a customer support representative for response. The software also allows for the creation of help and frequently asked question pages. Zendesk also sells CRM software for sales teams that helps track potential customers and sales. It also provides tools for internal employee support such as IT help desks. Initially, Zendesk's software was focused on assisting small businesses, but transitioned to aid larger companies.

Its software also uses artificial intelligence that allows its AI agents to automatically answer common support questions and suggest responses to customer service employees. Zendesk claims its AI agent can resolve 80 percent of support issues.

From Wikipedia’s article on Zendesk, shared under CC BY-SA 4.0.7

Employees over time

  • 20203,8301

Timeline

  1. May 14, 2014New chief executive Mikkel Svane becomes CEO18
  2. 2007Founded Founded in Copenhagen1

Filings

302 filings to the SEC since October 2021: 3 annual reports, 4 quarterly reports, 27 major events, 194 insider forms, 7 large holders, 67 other. The latest 20:

  1. Dec 2, 202215-12G EDGAR
  2. Dec 1, 20228-K EDGAR
  3. Nov 25, 20224 EDGAR
  4. Nov 25, 20224 EDGAR
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  18. Nov 25, 20224 EDGAR
  19. Nov 23, 2022S-8 POS EDGAR
  20. Nov 23, 2022S-8 POS EDGAR

The 302 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

42 open-market trades by officers, directors and large owners since October 2021: 0 buys and 42 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 17, 2022Gennaro NormanPresident of SalesSale7,000$76.36$534.5KForm 4
Sep 16, 2022Gennaro NormanPresident of SalesSale7,000$76.55$535.9KForm 4
Aug 18, 2022Titterton Jeffrey JFormer Chief Operating OfficerSale20,000$76.75$1.5MForm 4
Aug 17, 2022McDermott AdrianChief Technology OfficerSale813$76.43$62.1KForm 4
Aug 16, 2022Gennaro NormanPresident of SalesSale7,000$76.31$534.2KForm 4
Aug 2, 2022Svane MikkelChair and CEOSale101,930$75.28$7.7MForm 4
Aug 2, 2022Titterton Jeffrey JFormer Chief Operating OfficerSale30,000$75.25$2.3MForm 4
Jul 19, 2022Gennaro NormanPresident of SalesSale7,000$75.00$525.0KForm 4
Jun 24, 2022Gennaro NormanPresident of SalesSale7,000$75.50$528.5KForm 4
May 18, 2022McDermott AdrianChief Technology OfficerSale813$98.64$80.2KForm 4
May 17, 2022McDermott AdrianChief Technology OfficerSale242$100.56$24.3KForm 4
May 15, 2022Gennaro NormanPresident of SalesSale7,000$100.20$701.4KForm 4
May 2, 2022McDermott AdrianChief Technology OfficerSale9,761$120.25$1.2MForm 4
Apr 18, 2022Gennaro NormanPresident of SalesSale7,000$123.85$867.0KForm 4
Apr 11, 2022Geschke JohnChief of StaffSale3,000$122.35$367.0KForm 4
Mar 15, 2022Gennaro NormanPresident of SalesSale7,000$111.64$781.5KForm 4
Mar 11, 2022Geschke JohnChief of StaffSale3,000$116.33$349.0KForm 4
Feb 22, 2022Agrawal ArchanaDirectorSale190$113.42$21.6KForm 4
Feb 17, 2022McDermott AdrianChief Technology OfficerSale607$116.09$70.5KForm 4
Feb 16, 2022Gennaro NormanPresident of SalesSale7,000$117.26$820.8KForm 4

All 42 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000Report
Apr 3, 2019Donna Shalala, HouseBuy$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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