As of Q2'26 (2026-01-31), ZS reported Cash & Short-term Investments of USD 3.51B and Debt of USD 1.86B. This marks a continued increase in both cash reserves and debt compared to the previous quarter. Over the period from Q3'23 to Q2'26, ZS's Cash & Short-term Investments have shown a strong upward trend, rising from USD 1.97B to USD 3.51B, with particularly notable growth in the last year. Debt levels remained relatively stable around USD 1.2B until Q4'25, after which there was a significant jump to USD 1.80B and further increases in subsequent quarters. This indicates that while the company has strengthened its liquidity position, it has also taken on additional debt in recent periods.