Zscaler (ZS) Change in Receivables (2017 - 2026)
Zscaler (ZS) posted quarterly 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 reported Change in Receivables for 10 consecutive years, with $21.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Change in Receivables fell 76.28% year-over-year to $21.3 million; the TTM figure through Jan 2026 stood at $16.5 million (down 50.37% YoY), while the FY2025 annual figure was $256.0 million, up 67.37% from the prior year.
- Change in Receivables advanced to $21.3 million in Q1 2026 per ZS's latest filing, from -$482.9 million in the prior quarter.
- Across five years, Change in Receivables topped out at $376.5 million in Q3 2025 and bottomed at -$482.9 million in Q4 2025.
- Historically, Change in Receivables has averaged $21.2 million across 5 years, with a median of $89.8 million in 2023.
- Annual changes were most pronounced in 2023 — Change in Receivables surged 529.47% — and 2026, when it plunged 76.28%.
- Zscaler's Change in Receivables stood at -$130.6 million in 2022, then plunged by 64.64% to -$215.1 million in 2023, then tumbled by 45.05% to -$312.0 million in 2024, then plunged by 54.78% to -$482.9 million in 2025, then jumped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 21.08 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | -11.00 Mn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 72.83 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 423.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | -29.90 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 47.02 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 128.65 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 435.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | - |
| 10 | Zscaler | 29.48 Bn | 26.12 Bn | 624.49 Mn | 21.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |