Zscaler (ZS) Change in Cash (2017 - 2026)
Zscaler's (ZS) quarterly Change in Cash came in at -$135.4 million in Q1 2026, down 166.12% year-over-year from $204.9 million in Q1 2025, and up 87.11% quarter-over-quarter from -$1.1 billion in Q4 2025.
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Analysis
Zscaler (ZS) Change in Cash (2017 - 2026) Analysis & Trends
Zscaler (ZS) has reported Change in Cash for 10 consecutive years, with -$135.4 million the latest figure, recorded in Q1 2026.
- On a quarterly basis, Change in Cash fell 166.12% year-over-year to -$135.4 million in Q1 2026; TTM through Jan 2026 was -$555.8 million, a 273.72% decrease from a year earlier, with the FY2026 full-year figure at -$1.5 billion, down 251.22% from the prior year.
- Change in Cash was -$135.4 million for Q1 2026 at Zscaler, up from -$1.1 billion in the prior quarter.
- Over five years, Change in Cash peaked at $418.3 million in Q3 2022 and troughed at -$1.1 billion in Q4 2025.
- A 5-year average of $48.9 million and a median of $99.5 million in 2023 frame the typical range for Change in Cash.
- Across the five-year window, Change in Cash jumped 1546.13% in 2022 and slumped 1081.07% in 2024, its largest moves.
- Over 5 years, Change in Cash stood at $71.7 million in 2022, then surged by 38.73% to $99.5 million in 2023, then surged by 31.2% to $130.6 million in 2024, then sank by 904.83% to -$1.1 billion in 2025, then soared by 87.11% to -$135.4 million in 2026.
- The last three Change in Cash figures came in at -$135.4 million (Q1 2026), -$1.1 billion (Q4 2025), and $398.1 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 149.00 Mn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 460.94 Mn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 711.10 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | -376.99 Mn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 8.60 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 138.47 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | -33.95 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 1.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | -860.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jan 31, 2026 | -135.44 Mn |
| Oct 31, 2025 | -1.05 Bn |
| Jul 31, 2025 | 398.13 Mn |
| Apr 30, 2025 | 232.38 Mn |
| Jan 31, 2025 | 204.86 Mn |
| Oct 31, 2024 | 130.57 Mn |
| Jul 31, 2024 | 163.88 Mn |
| Apr 30, 2024 | -179.39 Mn |
| Jan 31, 2024 | 76.86 Mn |
| Oct 31, 2023 | 99.52 Mn |
| Jul 31, 2023 | -13.09 Mn |
| Apr 30, 2023 | 18.29 Mn |
| Jan 31, 2023 | 172.07 Mn |
| Oct 31, 2022 | 71.74 Mn |
| Jul 31, 2022 | 418.32 Mn |
| Apr 30, 2022 | 185.07 Mn |
| Jan 31, 2022 | 38.12 Mn |
| Oct 31, 2021 | 95.80 Mn |
| Jul 31, 2021 | 169.31 Mn |
| Apr 30, 2021 | 11.24 Mn |
API Access
Zscaler Change in Cash API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-cash&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-cash", "ticker": "ZS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-cash&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();