In Q2'26, ZS's operating cash flow reached $204M USD, reflecting a decline from the strong $448M USD peak in Q1'26 but remaining above the $179M USD reported in Q2'25. Free cash flow for the same period stood at $169M USD, down from $413M USD in Q1'26 yet higher than the $143M USD in Q2'25, indicating sustained positive cash generation despite the quarterly dip. Over the period from Q3'23 to Q2'26, operating cash flow exhibited robust overall growth, rising from $108M USD to $204M USD with notable accelerations in Q1'24 ($261M USD) and Q1'26 ($448M USD), though it showed volatility with dips in Q2'24 and Q2'25. Free cash flow followed a similar upward trajectory, increasing from $74M USD to $169M USD, marked by significant surges in Q1'24 ($225M USD) and Q1'26 ($413M USD), underscoring ZS's improving cash efficiency amid periodic fluctuations typical of the cybersecurity sector.