Zscaler (ZS) Other Working Capital Changes (2017 - 2026)
Zscaler (ZS) posted quarterly Other Working Capital Changes of $4.1 million for Q1 2026, down 95.73% year-over-year from $94.8 million in Q1 2025, and up 102.12% quarter-over-quarter from -$191.1 million in Q4 2025.
Zscaler (ZS) Other Working Capital Changes (2017 - 2026) Analysis & Trends
Zscaler (ZS) has reported Other Working Capital Changes for 9 consecutive years, with $4.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Other Working Capital Changes fell 95.73% year-over-year to $4.1 million; the TTM figure through Jan 2026 stood at $402.4 million (up 8.37% YoY), while the FY2025 annual figure was $573.1 million, up 27.26% from the prior year.
- Other Working Capital Changes grew to $4.1 million in Q1 2026 per ZS's latest filing, from -$191.1 million in the prior quarter.
- Across five years, Other Working Capital Changes topped out at $29.4 million in Q3 2025 and bottomed at -$9.0 million in Q1 2022.
- Historically, Other Working Capital Changes has averaged $9.3 million across 5 years, with a median of $8.8 million in 2024.
- Annual changes were most pronounced in 2022 — Other Working Capital Changes plunged 188.26% — and 2025, when it soared 52.38%.
- Zscaler's Other Working Capital Changes stood at -$15.3 million in 2022, then slumped by 161.76% to -$40.2 million in 2023, then plunged by 177.07% to -$111.3 million in 2024, then sank by 71.8% to -$191.1 million in 2025, then soared by 102.12% to $4.1 million in 2026.
- Business Quant data shows ZS's Other Working Capital Changes at $4.1 million in Q1 2026, -$191.1 million in Q4 2025, and $483.0 million in Q3 2025.
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Peer Comparison
| # | 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 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 12.90 Mn |
| Jan 31, 2026 | 12.90 Mn |
| Jan 31, 2026 | 12.90 Mn |
| Oct 31, 2025 | 17.32 Mn |
| Oct 31, 2025 | 17.32 Mn |
| Oct 31, 2025 | 17.32 Mn |
| Jul 31, 2025 | 29.39 Mn |
| Jul 31, 2025 | 29.39 Mn |
| Jul 31, 2025 | 29.39 Mn |
| Apr 30, 2025 | 38,000.00 |
| Apr 30, 2025 | 38,000.00 |
| Apr 30, 2025 | 38,000.00 |
| Jan 31, 2025 | 3.38 Mn |
| Jan 31, 2025 | 3.38 Mn |
| Jan 31, 2025 | 3.38 Mn |
| Oct 31, 2024 | 8.77 Mn |
| Oct 31, 2024 | 8.77 Mn |
| Oct 31, 2024 | 8.77 Mn |
| Jul 31, 2024 | 16.52 Mn |
| Jul 31, 2024 | 16.52 Mn |