Zoom Communications, Inc. 10-Q

Financial Statements (unaudited)

Item 1. FINANCIAL STATEMENTS ZOOM COMMUNICATIONS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share data) As of April 30, 2026 January 31, 2026 Assets (unaudited) Current assets: Cash and cash equivalents $ 890,938 $ 1,272,877 Marketable securities 6,830,037 6,544,031 Accounts receivable, net of allowances of $ 19,120 and $ 18,348 as of April 30, 2026 and January 31, 2026, respectively 467,815 497,339 Deferred contract acquisition costs, current 125,118 108,856 Prepaid expenses and other current assets 261,096 234,856 Total current assets 8,575,004 8,657,959 Deferred contract acquisition costs, noncurrent 234,497 215,533 Property and equipment, net 252,807 264,525 Operating lease right-of-use assets 55,510 52,423 Strategic investments 1,876,419 1,578,611 Goodwill 400,392 400,392 Deferred tax assets 628,432 646,640 Other assets, noncurrent 138,956 144,333 Total assets $ 12,162,017 $ 11,960,416 Liabilities and stockholders’ equity Current liabilities: Accounts payable $ 18,697 $ 6,268 Accrued expenses and other current liabilities 533,193 581,773 Deferred revenue, current 1,479,635 1,411,149 Total current liabilities 2,031,525 1,999,190 Deferred revenue, noncurrent 13,814 13,195 Operating lease liabilities, noncurrent 31,923 30,710 Other liabilities, noncurrent 113,607 109,063 Total liabilities 2,190,869 2,152,158 Commitments and contingencies (Note 7) Stockholders’ equity: Common stock, $ 0.001 par value per share, 2,000,000,000 Class A shares authorized as of April 30, 2026 and January 31, 2026; 264,877,071 and 266,805,638 shares issued and outstanding as of April 30, 2026 and January 31, 2026, respectively; 300,000,000 Class B shares authorized as of April 30, 2026 and January 31, 2026; 28,610,574 and 28,721,770 shares issued and outstanding as of April 30, 2026 and January 31, 2026, respectively 293 295 Additional paid-in capital 3,853,641 4,099,753 Accumulated other comprehensive income ( 8,129 ) 8,544 Retained earnings 6,125,343 5,699,666 Total stockholders’ equity 9,971,148 9,808,258 Total liabilities and stockholders’ equity $ 12,162,017 $ 11,960,416 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 6 Table of Contents ZOOM COMMUNICATIONS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share and per share data) (unaudited) Three Mont