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 July 31, 2026 January 31, 2026 Assets (unaudited) Current assets: Cash and cash equivalents $ 931,992 $ 1,272,877 Marketable securities 6,317,729 6,544,031 Accounts receivable, net of allowances of $ 18,426 and $ 18,348 as of July 31, 2026 and January 31, 2026, respectively 532,958 497,339 Deferred contract acquisition costs, current 139,034 108,856 Prepaid expenses and other current assets 193,688 234,856 Total current assets 8,115,401 8,657,959 Deferred contract acquisition costs, noncurrent 264,361 215,533 Property and equipment, net 254,705 264,525 Operating lease right-of-use assets 56,402 52,423 Strategic investments 3,785,876 1,578,611 Goodwill 599,181 400,392 Deferred tax assets 328,894 646,640 Other assets, noncurrent 180,576 144,333 Total assets $ 13,585,396 $ 11,960,416 Liabilities and stockholders’ equity Current liabilities: Accounts payable $ 14,364 $ 6,268 Accrued expenses and other current liabilities 557,561 581,773 Deferred revenue, current 1,549,428 1,411,149 Total current liabilities 2,121,353 1,999,190 Deferred revenue, noncurrent 12,735 13,195 Operating lease liabilities, noncurrent 33,340 30,710 Other liabilities, noncurrent 114,357 109,063 Total liabilities 2,281,785 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 July 31, 2026 and January 31, 2026; 263,750,816 and 266,805,638 shares issued and outstanding as of July 31, 2026 and January 31, 2026, respectively; 300,000,000 Class B shares authorized as of July 31, 2026 and January 31, 2026; 28,577,134 and 28,721,770 shares issued and outstanding as of July 31, 2026 and January 31, 2026, respectively 292 295 Additional paid-in capital 3,666,536 4,099,753 Accumulated other comprehensive income ( 31,005 ) 8,544 Retained earnings 7,667,788 5,699,666 Total stockholders’ equity 11,303,611 9,808,258 Total liabilities and stockholders’ equity $ 13,585,396 $ 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 Months E