Company: ZM
Filing Date: 2025-05-23
Form Type: 10-Q
Source: 0001585521-25-000090
Chunk: 251

Company: Zoom Communications, Inc.
Filing Date: 2025-05-23
Form: 10-Q
Item: Part I, Item 1
Chunk 251
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479 47,479 — — Privately held debt securities included in strategic investments4,463 — — 4,463 Total financial assets$7,441,445 $811,557 $6,625,425 $4,463 

14

As of January 31, 2025Fair ValueLevel 1Level 2Level 3(in thousands)Financial Assets:Money market funds$825,044 $825,044 $— $— Treasury bills17,965 — 17,965 — Agency bonds23,992 — 23,992 — Cash equivalents867,001 825,044 41,957 — Commercial paper20,841 — 20,841 — Agency bonds1,174,484 — 1,174,484 — Corporate and other debt securities720,795 — 720,795 — U.S. government agency securities4,415,930 — 4,415,930 — Treasury bills110,279 — 110,279 — Marketable securities6,442,329 — 6,442,329 — Publicly held equity securities included in strategic investments35,280 35,280 — — Privately held debt securities included in strategic investments4,450 — — 4,450 Total financial assets$7,349,060 $860,324 $6,484,286 $4,450 We classify our highly liquid money market funds and publicly held equity securities as Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. We classify our commercial paper, agency bonds, corporate and other debt securities, U.S. government agency securities, treasury bills, and certificates of deposit as Level 2 because they are valued using inputs other than quoted prices that are directly or indirectly observable in the market, including readily available pricing sources for the identical underlying security, which may not be actively traded. We classify our privately held debt securities as Level 3 due to the lack of relevant observable market data over fair value inputs, such as the probability weighting of the various scenarios that can impact settlement of the arrangement.

5.    Balance Sheet Components

Accounts Receivable, NetAccounts receivable are recorded for invoiced amounts and amounts for which revenue has been recognized, but not invoiced, net of allowances