Zscaler (ZS) Convertible Debt (2020 - 2026)

Zscaler (ZS) posted quarterly Convertible Debt of $1.7 billion for Q1 2026, little changed quarter-over-quarter from $1.7 billion in Q4 2025.

Zscaler (ZS) Convertible Debt (2020 - 2026) Analysis & Trends

Zscaler (ZS) has reported Convertible Debt for 7 consecutive years, with $1.7 billion the latest figure, recorded in Q1 2026.

In Q1 2026, Convertible Debt changed N/A year-over-year to $1.7 billion; the TTM figure through Jan 2026 stood at $1.7 billion (changed N/A YoY), while the FY2025 annual figure was $1.7 billion, changed N/A from the prior year.
Convertible Debt was little changed at $1.7 billion in Q1 2026 per ZS's latest filing, from $1.7 billion in the prior quarter.
Across five years, Convertible Debt topped out at $1.7 billion in Q1 2026 and bottomed at $940.7 million in Q1 2022.
Historically, Convertible Debt has averaged $1.2 billion across 5 years, with a median of $1.1 billion in 2022.
Annual changes were most pronounced in 2022 — Convertible Debt grew 22.93% — and 2023, when it decreased 0.48%.
Zscaler's Convertible Debt stood at $1.1 billion in 2022, then decreased by 0.48% to $1.1 billion in 2023, then grew by 0.32% to $1.1 billion in 2024, then surged by 49.41% to $1.7 billion in 2025, then advanced by 0.17% to $1.7 billion in 2026.
Business Quant data shows ZS's Convertible Debt at $1.7 billion in Q1 2026, $1.7 billion in Q4 2025, and $1.7 billion in Q3 2025.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)
1	Microsoft	3,679.34 Bn	3,546.58 Bn	60.48 Bn
2	Oracle	433.50 Bn	402.15 Bn	-
3	Palantir Technologies	418.20 Bn	408.90 Bn	1.64 Bn
4	Palo Alto Networks	312.41 Bn	309.30 Bn	2.03 Bn
5	Fortinet	117.38 Bn	113.31 Bn	1.64 Bn
6	Cloudflare	101.74 Bn	97.57 Bn	499.52 Mn
7	Synopsys	80.70 Bn	78.49 Bn	1.77 Bn
8	CoreWeave	58.00 Bn	52.46 Bn	1.70 Bn
9	Block	49.79 Bn	43.33 Bn	3.17 Bn
10	Zscaler	29.48 Bn	26.12 Bn	624.49 Mn

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