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

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.