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As of Q4'25 (2025-07-31), ZS reported revenue of USD 630.99M from channel partners and USD 88.24M from direct customers, marking the highest values for both segments within the covered period. Channel partners continue to be the dominant revenue source, contributing the vast majority of total revenue in the latest quarter. From Q1'23 (2022-10-31) to Q4'25 (2025-07-31), both channel partners and direct customers have shown consistent and robust growth in revenue. Channel partner revenue increased from USD 329.36M to USD 630.99M, nearly doubling over the period, while direct customer revenue grew from USD 26.19M to USD 88.24M, more than tripling. The trend indicates a strong upward trajectory for both segments, with channel partners maintaining a significantly larger share of the overall revenue mix throughout the timeframe.