v3.25.2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2025	Jan. 31, 2025
Current assets:
Cash and cash equivalents	$ 1,198,576	$ 1,349,380
Marketable securities	6,580,073	6,442,329
Accounts receivable, net of allowances of $22,901 and $22,078 as of July 31, 2025 and January 31, 2025, respectively	516,799	495,228
Deferred contract acquisition costs, current	177,498	188,358
Prepaid expenses and other current assets	190,260	200,679
Total current assets	8,663,206	8,675,974
Deferred contract acquisition costs, noncurrent	124,313	123,464
Property and equipment, net	301,457	330,475
Operating lease right-of-use assets	46,831	55,900
Strategic investments	647,908	591,481
Goodwill	307,295	307,295
Deferred tax assets	804,772	749,759
Other assets, noncurrent	148,281	154,073
Total assets	11,044,063	10,988,421
Current liabilities:
Accounts payable	11,619	8,345
Accrued expenses and other current liabilities	471,017	558,562
Deferred revenue, current	1,465,044	1,336,387
Total current liabilities	1,947,680	1,903,294
Deferred revenue, noncurrent	14,233	17,274
Operating lease liabilities, noncurrent	32,015	37,406
Other liabilities, noncurrent	100,058	95,363
Total liabilities	2,093,986	2,053,337
Commitments and contingencies (Note 6)
Stockholders’ equity:
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized as of July 31, 2025 and January 31, 2025; 267,284,079 and 263,113,866 shares issued and outstanding as of July 31, 2025 and January 31, 2025, respectively; 300,000,000 Class B shares authorized as of July 31, 2025 and January 31, 2025; 32,836,005 and 42,626,998 shares issued and outstanding as of July 31, 2025 and January 31, 2025, respectively	299	305
Additional paid-in capital	4,537,542	5,130,271
Accumulated other comprehensive (loss) income	(477)	4,990
Retained earnings	4,412,713	3,799,518
Total stockholders’ equity	8,950,077	8,935,084
Total liabilities and stockholders’ equity	$ 11,044,063	$ 10,988,421

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Zoom Communications, Inc. 10-Q