Company: ZM
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001585521-25-000202
Chunk: 257

Company: Zoom Communications, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 1
Chunk 257
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930 $19,266 Intangible assets subject to amortization, net24,091 33,410 Indefinite-lived intangible assets25,239 25,239 Prepaid expenses, noncurrent39,105 52,156 Income tax receivable, noncurrent21,680 12,230 Other12,463 11,772 Other assets, noncurrent$125,508 $154,073 

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Accrued Expenses and Other Current LiabilitiesAccrued expenses and other current liabilities consisted of the following:As ofOctober 31, 2025January 31, 2025(in thousands)Accrued expenses$166,369 $200,416 Accrued compensation and benefits147,764 193,110 Income tax liabilities53,422 18,815 Sales and other non-income tax liabilities35,603 41,755 Customer deposit liabilities55,898 47,312 Operating lease liabilities, current20,393 27,026 Other35,329 30,128 Accrued expenses and other current liabilities$514,778 $558,562 Other Liabilities, NoncurrentOther liabilities, noncurrent consisted of the following:As ofOctober 31, 2025January 31, 2025(in thousands)Sales and other non-income tax liabilities$40,630 $41,517 Long-term income tax liabilities57,757 49,449 Other5,407 4,397 Other liabilities, noncurrent$103,794 $95,363 

6.    Commitments and Contingencies

Non-cancelable Purchase ObligationsAs of October 31, 2025, we had outstanding non-cancelable purchase obligations with a term of 12 months or longer of approximately $270.0 million in addition to the amount disclosed in Note 9. “Commitments and Contingencies” in the notes to consolidated financial statements included in our Annual Report on Form 10-K for the year ended January 31, 2025 filed with the SEC on February 28, 2025, mainly related to third-party software services.

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Legal ProceedingsIn June 2020, we received a grand jury subpoena from the Department of Justice’s U.S. Attorney’s Office for Eastern District of New York (“EDNY”), which requested information regarding our interactions with foreign governments and foreign political parties, including the Chinese government, as well as information