← Zoom Communications, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | ($3.8m) | $7.6m | $25.3m | $672.3m | $1.4b | $103.7m | $637.5m | $1.0b | $1.9b | |
| Amortization of deferred contract acquisition costs | $9.0m | $20.8m | $37.1m | $104.3m | $177.3m | $259.4m | $270.7m | $282.1m | $283.4m | |
| Depreciation and amortization | $2.8m | $7.0m | $16.4m | $28.9m | $48.2m | $82.3m | $104.5m | $122.6m | $132.8m | |
| Amortization of discount/premium on marketable securities | — | — | — | $5.4m | $25.3m | $1.2m | ($50.8m) | ($71.6m) | ($28.9m) | |
| Deferred income taxes | — | — | — | $0 | ($328.0m) | ($161.0m) | ($116.7m) | ($90.6m) | $105.0m | |
| Non-cash operating lease cost | $0 | $0 | $6.9m | $10.9m | $18.4m | $28.9m | $21.1m | $24.1m | $24.8m | |
| Operating lease liabilities, net | $0 | $0 | ($5.5m) | ($6.4m) | ($17.0m) | ($23.8m) | ($22.8m) | ($28.9m) | ($28.7m) | |
| Stock-based compensation expense | $10.3m | $8.9m | $73.1m | $275.8m | $477.3m | $1.3b | $1.1b | $931.3m | $760.8m | |
| Gains on strategic investments, net | — | — | $0 | ($2.5m) | ($43.8m) | $37.6m | ($109.8m) | ($177.1m) | ($969.8m) | |
| Provision for accounts receivable allowances | $727k | $2.0m | $6.4m | $32.0m | $36.7m | $50.3m | $35.2m | $20.0m | $17.4m | |
| Unrealized foreign exchange (gains) losses | — | — | — | — | $0 | $13.3m | $12.3m | $17.2m | ($11.4m) | |
| Charitable donation of common stock | — | $0 | $0 | $23.3m | $0 | $0 | $0 | $0 | $20.9m | |
| Other | $95k | $37k | ($1.1m) | $1.7m | $337k | $0 | $0 | $4.0m | $22.3m | |
| Accounts receivable | ($16.6m) | ($41.0m) | ($64.7m) | ($219.0m) | ($159.2m) | ($231.8m) | $53.3m | $26.6m | $2.8m | |
| Prepaid expenses and other assets | ($3.4m) | ($8.0m) | ($24.8m) | ($68.5m) | ($155.9m) | ($18.1m) | ($71.2m) | ($17.1m) | ($28.8m) | |
| Deferred contract acquisition costs | ($27.5m) | ($45.8m) | ($72.7m) | ($307.1m) | ($247.4m) | ($298.6m) | ($214.7m) | ($246.7m) | ($295.9m) | |
| Accounts payable | $1.3m | $832k | ($2.0m) | $3.5m | ($2.2m) | $11.6m | ($4.4m) | ($3.1m) | ($613k) | |
| Accrued expenses and other liabilities | $15.0m | $27.4m | $51.2m | $251.7m | $101.4m | $20.5m | $52.0m | $62.3m | $19.8m | |
| Deferred revenue | $31.5m | $71.5m | $106.3m | $665.7m | $293.9m | $127.4m | ($46.7m) | $80.0m | $63.2m | |
| Purchases of marketable securities | ($143.3m) | ($78.0m) | ($800.2m) | ($2.1b) | ($4.4b) | ($2.8b) | ($4.1b) | ($4.6b) | ($4.8b) | |
| Maturities of marketable securities | $39.7m | $68.7m | $343.6m | $580.8m | $1.7b | $2.8b | $3.1b | $3.6b | $4.1b | |
| Sales of marketable securities | — | $0 | $0 | $36.9m | $296.9m | $0 | $1.2m | $47.5m | $684.4m | |
| Purchases of property and equipment | ($9.7m) | ($28.4m) | ($38.1m) | ($80.0m) | ($132.6m) | ($103.8m) | ($127.0m) | ($136.6m) | ($65.0m) | |
| Cash paid for acquisitions, net of cash acquired | — | $0 | $0 | ($26.5m) | ($3.5m) | ($120.6m) | ($204.9m) | $0 | ($119.8m) | |
| Purchases of intangible assets | $0 | ($2.0m) | ($141k) | ($5.8m) | ($13.0m) | ($11.3m) | $0 | $0 | ($500k) | |
| Proceeds from exercise of stock options | $733k | $3.6m | $9.2m | $28.6m | $14.4m | $8.6m | $10.2m | $4.6m | $2.5m | |
| Proceeds from employee equity transactions (remitted) to be remitted to employees and tax authorities, net | — | $0 | $48.5m | $4.1m | ($40.0m) | $774k | ($4.1m) | $7.2m | ($523k) | |
| Purchase of equipment during the period included in accounts payable and accrued expenses | $392k | $3.3m | $1.4m | $34.5m | $13.7m | $11.9m | $16.2m | $20.4m | $15.2m | |
| Excise tax on share repurchases included in accrued expenses | — | — | — | — | — | $0 | $0 | $1.2m | $8.6m | |
| Restricted cash, noncurrent included in other assets, noncurrent | $675k | $2.1m | $2.3m | $2.2m | $297k | $272k | $254k | $0 | $0 | |
| Net cash provided by operating activities | $19.4m | $51.3m | $151.9m | $1.5b | $1.6b | $1.3b | $1.6b | $1.9b | $2.0b | |
| Purchases of strategic investments | — | — | ($3.0m) | ($13.0m) | ($305.1m) | ($69.0m) | ($70.5m) | ($18.5m) | ($98.2m) | |
| Proceeds from sale of strategic investments | — | — | — | — | — | — | $170.1m | $13.4m | $80.4m | |
| Net cash used in investing activities | ($113.4m) | ($39.7m) | ($499.5m) | ($1.6b) | ($2.9b) | ($318.3m) | ($1.2b) | ($1.1b) | ($278.9m) | |
| Proceeds from issuance of common stock for employee stock purchase plan | $0 | $0 | $15.5m | $38.4m | $59.3m | $53.7m | $54.1m | $54.0m | $61.2m | |
| Cash paid for repurchases of common stock, including excise taxes | $133k | $214k | $1.1m | $0 | $0 | ($1.0b) | $0 | ($1.1b) | ($1.6b) | |
| Net cash (used in) provided by financing activities | ($4.0m) | $17.5m | $615.7m | $2.1b | $34.1m | ($936.9m) | $60.2m | ($1.0b) | ($1.8b) | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | — | — | — | $0 | $0 | ($8.1m) | ($10.2m) | ($15.2m) | $17.6m | |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | ($97.9m) | $29.1m | $268.1m | $2.0b | ($1.2b) | $26.9m | $465.1m | ($204.0m) | ($77.6m) | |
| Cash, cash equivalents, and restricted cash—beginning of year | $36.8m | $66.0m | $334.1m | $2.3b | $1.1b | $1.1b | $1.6b | $1.4b | $1.3b | |
| Cash and cash equivalents | $36.1m | $63.6m | $283.1m | $2.2b | $1.1b | $1.1b | $1.6b | $1.3b | $1.3b | |
| Restricted cash, current included in prepaid expenses and other current assets | $0 | $200k | $48.6m | $50.6m | $10.2m | $13.1m | $6.9m | $12.0m | $10.9m | |
| Taxes paid related to net share settlement of equity awards | $133k | $214k | $1.1m | $3.2m | $39.0m | $309.1m | $0 | $0 | ($247.8m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.