Company: ZM
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585521-25-000042
Chunk: 151

Company: Zoom Communications, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 151
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 paper$41,564 $— $— $41,564 Agency bonds1,667,601 2,426 (3,344)1,666,683 Corporate and other debt securities663,122 1,161 (1,124)663,159 U.S. government agency securities3,003,224 7,859 (6,241)3,004,842 Treasury bills27,992 — (7)27,985 Marketable securities$5,403,503 $11,446 $(10,716)$5,404,233 Unrealized losses for securities that have been in an unrealized loss position for less than 12 months were $6.2 million and $6.0 million as of January 31, 2025 and 2024, respectively. Unrealized losses for securities that have been in an unrealized loss position for 12 months or longer were immaterial as of January 31, 2025 and $4.8 million as of January 31, 2024. We review the individual securities that have unrealized losses on a regular basis to evaluate whether or not 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 fiscal year. There were no material realized gains or losses from available-for-sale securities that were reclassified out of accumulated other comprehensive income (loss) for the fiscal years ended January 31, 2025, 2024, and 2023.

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The following table presents the contractual maturities of our marketable securities as of January 31, 2025 and 2024:As of January 31,20252024(in thousands)Less than one year$3,534,014 $2,883,598 Due in one to five years2,908,315 2,520,635 Total$6,442,329 $5,404,233 Strategic InvestmentsStrategic investments