Company: ZM
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001585521-25-000141
Chunk: 290

Company: Zoom Communications, Inc.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 8
Chunk 290
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 the beginning of each period totaled $644.9 million and $609.4 million for the three months ended July 31, 2025 and 2024, respectively, and $1,015.2 million and $955.4 million for the six months ended July 31, 2025 and 2024, respectively.Remaining Performance ObligationsThe terms of our subscription agreements are monthly, annual, and multiyear, and we may bill for the full term in advance or on an annual, quarterly, or monthly basis, depending on the billing terms with customers. As of July 31, 2025, the aggregate amount of the transaction price allocated to our remaining performance obligations was $3,976.1 million, which consists of both billed consideration in the amount of $1,479.3 million and unbilled consideration in the amount of $2,496.8 million that we expect to recognize as revenue. We expect to recognize 61% of our remaining performance obligations as revenue over the next 12 months and the remainder thereafter.

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3.    Investments

Marketable SecuritiesAs of July 31, 2025 and January 31, 2025, our marketable securities consisted of the following:As of July 31, 2025AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesEstimatedFairValue(in thousands)U.S. government agency securities$4,790,509 $4,278 $(5,400)$4,789,387 Agency bonds992,384 436 (1,242)991,578 Corporate and other debt securities730,062 1,122 (453)730,731 Treasury bills65,443 — (29)65,414 Commercial paper2,963 — — 2,963 Marketable securities$6,581,361 $5,836 $(7,124)$6,580,073 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