Acadia Healthcare Company, Inc. (ACHC)
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Zscaler: the zero-trust growth story still has to turn into clean GAAP profit
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.
OpenAcadia Healthcare: the mental-health boom with subpoenas in the chart
Acadia has the scarce behavioral-health capacity investors want to find, but its own filings put the growth story next to DOJ and SEC subpoenas, liability reserve pressure, government-payor exposure, and more than $2.5 billion of debt.
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