Company: ZM
Filing Date: 2025-05-23
Form Type: 10-Q
Source: 0001585521-25-000090
Chunk: 272

Company: Zoom Communications, Inc.
Filing Date: 2025-05-23
Form: 10-Q
Item: Part I, Item 1
Chunk 272
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5.3 million decrease in stock-based compensation and a $2.0 million decrease in salaries, payroll taxes and benefits.

(Losses) Gains on Strategic Investments, Net

Three Months Ended April 30,20252024% Change(in thousands) (Losses) gains on strategic investments, net$(13,619)$17,354 (178.5)%

Losses on strategic investments, net for the three months ended April 30, 2025 were primarily driven by changes in the fair value of our publicly held securities, while gains on strategic investments, net, for the three months ended April 30, 2024 were primarily driven by changes in the valuations of our privately held securities.

Other Income, NetThree Months Ended April 30,20252024% Change(in thousands) Other income, net$87,792 $71,588 22.6 %

Other income, net for the three months ended April 30, 2025, increased by $16.2 million, or 22.6%, compared to the three months ended April 30, 2024. The increase was due to $12.5 million increase from changes in foreign currency exchange rates and a $3.8 million increase in investment yield from cash and marketable securities.

Provision for Income TaxesThree Months Ended April 30,20252024% Change(in thousands) Provision for income taxes$61,162 $75,656 (19.2)%

Provision for income taxes for the three months ended April 30, 2025 decreased by $14.5 million, or 19.2%, compared to the three months ended April 30, 2024. The year-over-year change was primarily due to the decrease in tax shortfalls on stock-based compensation.

Liquidity and Capital Resources

As of April 30, 2025, our principal sources of liquidity were cash, cash equivalents, and marketable securities of $7.8 billion, which were held for working capital purposes and for investment in growth opportunities. Our marketable securities generally consist of high-grade commercial paper, corporate bonds, agency bonds, corporate and other debt securities, U.S. government agency securities, and treasury bills.

We have financed our operations primarily through income from operations and sales of equity securities. Cash from operations could also be affected by various risks and uncertainties, including, but not limited to, macroeconomic factors, such 

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