Discontinued — last reported Q4 '25
Contract Liabilities
Zscaler Contract Liabilities decreased by 8.2% to $371.79M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 31.5%, from $282.73M to $371.79M. Over 5 years (FY 2020 to FY 2025), Contract Liabilities shows an upward trend with a 66.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong future revenue visibility and customer demand, while a decrease may indicate faster fulfillment or slowing sales.
Detailed definition
This represents the obligation to transfer goods or services to a customer for which the company has already received co...
Peer comparison
Common in companies with long-term service contracts or subscription-based diagnostic models; peers with high recurring revenue often show higher balances.
contract_liabilitiesHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $49.60M | $59.32M | $63.49M | $72.01M | $86.84M | $97.37M | $92.61M | $111.52M | $116.47M | $158.53M | $155.02M | $185.76M | $200.34M | $251.06M | $250.64M | $282.73M | $307.09M | $413.61M | $405.11M | $371.79M |
| QoQ Change | — | +19.6% | +7.0% | +13.4% | +20.6% | +12.1% | -4.9% | +20.4% | +4.4% | +36.1% | -2.2% | +19.8% | +7.8% | +25.3% | -0.2% | +12.8% | +8.6% | +34.7% | -2.1% | -8.2% |
| YoY Change | — | — | — | — | +75.1% | +64.2% | +45.9% | +54.9% | +34.1% | +62.8% | +67.4% | +66.6% | +72.0% | +58.4% | +61.7% | +52.2% | +53.3% | +64.7% | +61.6% | +31.5% |
Contract Liabilities at Other Companies
Frequently Asked Questions
- What is Zscaler's contract liabilities?
- Zscaler (ZS) reported contract liabilities of $371.79M in Q4 2025.
- How has Zscaler's contract liabilities changed year-over-year?
- Zscaler's contract liabilities increased by 31.5% year-over-year, from $282.73M to $371.79M.
- What is the long-term trend for Zscaler's contract liabilities?
- Over 5 years (2020 to 2025), Zscaler's contract liabilities has grown at a 66.3% compound annual growth rate (CAGR), from $32.50M to $413.61M.
- What does contract liabilities mean?
- Money received from customers for products or services that have not yet been delivered.