Zscaler (ZS) Change in Receivables (2017 - 2026)

Zscaler (ZS) reported Change in Receivables of $21.3 million for Q1 2026, down 76.28% year-over-year from $89.9 million in Q1 2025, and up 104.42% quarter-over-quarter from -$482.9 million in Q4 2025.

Zscaler (ZS) Change in Receivables (2017 - 2026) Analysis & Trends

Zscaler (ZS) has 10 years of Change in Receivables data on file, last reported at $21.3 million in Q1 2026.

  • Change in Receivables for Q1 2026 came in at $21.3 million, down 76.28% year-over-year; the trailing twelve-month figure through Jan 2026 was $16.5 million (down 50.37% YoY), and the FY2025 annual result was $256.0 million, up 67.37% from the prior year.
  • Change in Receivables improved to $21.3 million in Q1 2026 per ZS's latest filing, from -$482.9 million in the prior quarter.
  • Over five years, Change in Receivables peaked at $376.5 million in Q3 2025 and troughed at -$482.9 million in Q4 2025.
  • A 5-year average of $21.2 million and a median of $89.8 million in 2023 frame the typical range for Change in Receivables.
  • The sharpest annual moves came in 2023 and 2026: Change in Receivables surged 529.47% in 2023, then plunged 76.28% in 2026.
  • A 5-year view of Change in Receivables shows it stood at -$130.6 million in 2022, then tumbled by 64.64% to -$215.1 million in 2023, then slumped by 45.05% to -$312.0 million in 2024, then tumbled by 54.78% to -$482.9 million in 2025, then soared by 104.42% to $21.3 million in 2026.
  • Business Quant data shows ZS's Change in Receivables at $21.3 million in Q1 2026, -$482.9 million in Q4 2025, and $376.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Receivables (Qtr)
1 Microsoft 3,095.86 Bn 3,017.59 Bn 56.06 Bn 4.71 Bn
2 Alarum Technologies 1,030.32 Bn 1,016.16 Bn 7.23 Mn 2.01 Bn
3 Oracle 614.12 Bn 575.54 Bn 15.14 Bn 1.30 Bn
4 Palantir Technologies 324.44 Bn 316.52 Bn 1.42 Bn 360.97 Mn
5 Palo Alto Networks 189.07 Bn 184.54 Bn 1.91 Bn 758.00 Mn
6 CrowdStrike Holdings 168.14 Bn 165.09 Bn 993.68 Mn 348.72 Mn
7 Fortinet 106.89 Bn 103.59 Bn 1.49 Bn -205.20 Mn
8 Cloudflare 88.20 Bn 87.25 Bn 455.60 Mn -1.40 Mn
9 Synopsys 88.13 Bn 88.01 Bn 1.77 Bn 128.65 Mn
10 Zscaler 20.81 Bn 17.30 Bn 624.49 Mn 21.33 Mn

Historic Data

Download Data
DateValue
Jan 31, 2026 21.33 Mn
Jan 31, 2026 21.33 Mn
Oct 31, 2025 -482.86 Mn
Oct 31, 2025 -482.86 Mn
Jul 31, 2025 376.52 Mn
Jul 31, 2025 376.52 Mn
Apr 30, 2025 101.54 Mn
Apr 30, 2025 101.54 Mn
Jan 31, 2025 89.93 Mn
Jan 31, 2025 89.93 Mn
Oct 31, 2024 -311.98 Mn
Oct 31, 2024 -311.98 Mn
Jul 31, 2024 231.37 Mn
Jul 31, 2024 231.37 Mn
Apr 30, 2024 23.97 Mn
Apr 30, 2024 23.97 Mn
Jan 31, 2024 112.71 Mn
Jan 31, 2024 112.71 Mn
Oct 31, 2023 -215.08 Mn
Oct 31, 2023 -215.08 Mn