Condensed Consolidated Statements of Cash Flows(Unaudited, in thousands) Three Months Ended April 30, 2025 2024 Cash flows from operating activities: Net income $254,603 $216,308 Adjustments to reconcile net income to net cash provided by operating activities: Stock-based compensation expense 201,569 229,425 Amortization of deferred contract acquisition costs 69,557 68,125 Depreciation and amortization 35,316 26,667 Deferred income taxes (24,690) (7,952)Losses (gains) on strategic investments, net 13,619 (17,354)Provision for accounts receivable allowances 5,855 6,782 Unrealized foreign exchange (gains) losses (7,626) 7,237 Non-cash operating lease cost 6,108 5,368 Amortization of discount/premium on marketable securities (12,845) (17,668)Other 4,142 98 Changes in operating assets and liabilities: Accounts receivable 12,485 12,260 Prepaid expenses and other assets (12,293) 35,839 Deferred contract acquisition costs (48,148) (40,128)Accounts payable 7,252 7,276 Accrued expenses and other liabilities (80,383) (14,942)Deferred revenue 72,141 77,964 Operating lease liabilities, net (7,401) (7,114)Net cash provided by operating activities 489,261 588,191 Cash flows from investing activities: Purchases of marketable securities (1,135,024) (867,911)Maturities of marketable securities 1,033,279 776,941 Sales of marketable securities 2,525 — Purchases of property and equipment (25,910) (18,508)Purchases of strategic investments — (3,000)Proceeds from strategic investments — 4,654 Net cash used in investing activities (125,130) (107,824)Cash flows from financing activities: Proceeds from exercise of stock options 954 1,016 Proceeds from employee equity transactions to be remitted to employees and tax authorities, net 8,690 6,581 Cash paid for repurchases of common stock (418,021) (150,048)Taxes paid related to net share settlement of equity awards (82,153) — Net cash used in financing activities (490,530) (142,451)Effect of exchange rate changes on cash, cash equivalents, and restricted cash 11,854 (6,852)Net (decrease) increase in cash, cash equivalents, and restricted cash (114,545) 331,064 Cash, cash equivalents, and restricted cash – beginning of period 1,361,417 1,565,380 Cash, cash equivalents, and restricted cash – end of period $1,246,872 $1,896,444 Zoom Communications, Inc.
First quarter total revenue of $1,174.7 million, up 2.9% year over year as reported and 3.4% in constant currencyFirst quarter Enterprise revenue of $704.7 million, up 5.9% year over yearFirst quarter GAAP operating margin of 20.6% and non-GAAP operating margin of 39.8%First quarter GAAP EPS of $0.81, up 18.7% year over year, and non-GAAP EPS of $1.43, up 6.0% year over yearNumber of customers contributing more than $100,000 in trailing 12 months revenue up 8.0% year over yearRepurchased approximately 5.6 million shares of common stock in Q1, up from 4.3 million shares in Q4 SAN JOSE, Calif., May 21, 2025 (GLOBE NEWSWIRE) -- Zoom Communications, Inc.(NASDAQ: ZM), today announced financial results for the first fiscal quarter ended April 30, 2025.
Condensed Consolidated Balance Sheets(In thousands) As of April 30,2025 January 31,2025Assets (unaudited) Current assets: Cash and cash equivalents $1,228,847 $1,349,380 Marketable securities 6,563,976 6,442,329 Accounts receivable, net 477,242 495,228 Deferred contract acquisition costs, current 175,900 188,358 Prepaid expenses and other current assets 220,812 200,679 Total current assets 8,666,777 8,675,974 Deferred contract acquisition costs, noncurrent 114,513 123,464 Property and equipment, net 312,211 330,475 Operating lease right-of-use assets 53,217 55,900 Strategic investments 576,139 591,481 Goodwill 307,295 307,295 Deferred tax assets 769,189 749,759 Other assets, noncurrent 152,555 154,073 Total assets $10,951,896 $10,988,421 Liabilities and stockholders’ equity Current liabilities: Accounts payable $14,205 $8,345 Accrued expenses and other current liabilities 473,951 558,562 Deferred revenue, current 1,409,217 1,336,387 Total current liabilities 1,897,373 1,903,294 Deferred revenue, noncurrent 16,185 17,274 Operating lease liabilities, noncurrent 35,894 37,406 Other liabilities, noncurrent 100,076 95,363 Total liabilities 2,049,528 2,053,337 Stockholders’ equity: Common stock 302 305 Additional paid-in capital 4,832,800 5,130,271 Accumulated other comprehensive (loss) income 15,145 4,990 Retained earnings 4,054,121 3,799,518 Total stockholders’ equity 8,902,368 8,935,084 Total liabilities and stockholders’ equity $10,951,896 $10,988,421 Note: The amount of unbilled accounts receivable included within accounts receivable, net on the condensed consolidated balance sheets was $108.1 million and $118.5 million as of April 30, 2025 and January 31, 2025, respectively. Zoom Communications, Inc.
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