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| 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 |