Company: ZM
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001585521-25-000202
Chunk: 291

Company: Zoom Communications, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 8
Chunk 291
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,255 $(1,116)$4,950,856 Agency bonds967,640 1,098 (334)968,404 Corporate and other debt securities748,969 2,110 (154)750,925 Treasury bills54,219 28 — 54,247 Commercial paper2,996 — — 2,996 Marketable securities$6,714,541 $14,491 $(1,604)$6,727,428 As of January 31, 2025AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesEstimatedFairValue(in thousands)U.S. government agency securities$4,412,730 $8,449 $(5,249)$4,415,930 Agency bonds1,173,518 1,609 (643)1,174,484 Corporate and other debt securities719,145 2,069 (419)720,795 Treasury bills110,237 43 (1)110,279 Commercial paper20,841 — — 20,841 Marketable securities$6,436,471 $12,170 $(6,312)$6,442,329 Unrealized losses for securities that have been in an unrealized loss position for less than 12 months were $1.2 million and $6.2 million as of October 31, 2025 and January 31, 2025, respectively. Unrealized losses for securities that have been in an unrealized loss position for 12 months or longer were de minimis as of both October 31, 2025 and January 31, 2025. We review the individual securities that have unrealized losses on a regular basis to evaluate whether any security has experienced, or is expected to experience, credit losses resulting in the decline in fair value. We evaluate, among other factors, whether we have the intention to sell any of these marketable securities and whether it is more likely than not that we will be required to sell any of them before recovery of the amortized cost basis. We have not recorded an allowance for credit losses, as we believe any such losses would be immaterial based on the high-grade credit rating for each of our marketable securities as of the end of each period. There were no material realized gains or losses from available-for-sale securities that were reclassified out of accumulated other comprehensive income for