Zscaler (ZS) Net Cash Flow (2017 - 2026)
Zscaler (ZS) posted quarterly Net Cash Flow of -$135.4 million for Q1 2026, down 166.12% year-over-year from $204.9 million in Q1 2025, and up 87.11% quarter-over-quarter from -$1.1 billion in Q4 2025.
Zscaler (ZS) Net Cash Flow (2017 - 2026) Analysis & Trends
Zscaler (ZS) has reported Net Cash Flow for 10 consecutive years, with -$135.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Cash Flow fell 166.12% year-over-year to -$135.4 million; the TTM figure through Jan 2026 stood at -$555.8 million (down 273.72% YoY), while the FY2025 annual figure was $965.9 million, up 500.43% from the prior year.
- Net Cash Flow climbed to -$135.4 million in Q1 2026 per ZS's latest filing, from -$1.1 billion in the prior quarter.
- Across five years, Net Cash Flow topped out at $418.3 million in Q3 2022 and bottomed at -$1.1 billion in Q4 2025.
- Historically, Net Cash Flow has averaged $48.9 million across 5 years, with a median of $99.5 million in 2023.
- Annual changes were most pronounced in 2022 — Net Cash Flow surged 1546.13% — and 2024, when it sank 1081.07%.
- Zscaler's Net Cash Flow stood at $71.7 million in 2022, then jumped by 38.73% to $99.5 million in 2023, then jumped by 31.2% to $130.6 million in 2024, then sank by 904.83% to -$1.1 billion in 2025, then surged by 87.11% to -$135.4 million in 2026.
- Business Quant data shows ZS's Net Cash Flow at -$135.4 million in Q1 2026, -$1.1 billion in Q4 2025, and $398.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | -11.17 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | -7.17 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | -261.79 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -1.79 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 711.10 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 731.52 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | -762.84 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 3.58 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | -643.27 Mn |
| 10 | Zscaler | 29.48 Bn | 26.12 Bn | 624.49 Mn | -135.44 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -135.44 Mn |
| Jan 31, 2026 | -135.44 Mn |
| Oct 31, 2025 | -1.05 Bn |
| Oct 31, 2025 | -1.05 Bn |
| Jul 31, 2025 | 398.13 Mn |
| Jul 31, 2025 | 398.13 Mn |
| Apr 30, 2025 | 232.38 Mn |
| Apr 30, 2025 | 232.38 Mn |
| Jan 31, 2025 | 204.86 Mn |
| Jan 31, 2025 | 204.86 Mn |
| Oct 31, 2024 | 130.57 Mn |
| Oct 31, 2024 | 130.57 Mn |
| Jul 31, 2024 | 163.88 Mn |
| Jul 31, 2024 | 163.88 Mn |
| Apr 30, 2024 | -179.39 Mn |
| Apr 30, 2024 | -179.39 Mn |
| Jan 31, 2024 | 76.86 Mn |
| Jan 31, 2024 | 76.86 Mn |
| Oct 31, 2023 | 99.52 Mn |
| Oct 31, 2023 | 99.52 Mn |