Zoom通讯：2025年季度报告

(Exact name of registrant as specified in its Charter)___________________________________________________________________ 55 Almaden Boulevard,6thFloorSan Jose,California95113(Address of principal executive offices and Zip Code)(888)799-9666(Registrant’s telephone number, including area code)___________________________________________________________________ Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements forthe past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”in Rule12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒As of August8, 2025, the number of shares of the registrant’s Class A common stock outstanding was266,453,609and the number of shares of the registrant’sClass B common stock outstanding was32,835,755. Zoom Communications, Inc. Quarterly Report on Form 10-Q For the Quarterly Period Ended July31, 2025TABLE OF CONTENTSPageSpecial Note Regarding Forward-Looking Statements3Summary Risk Factors4PART I – Financial Information6Item1.Financial Statements (Unaudited)6Condensed Consolidated Balance Sheets as ofJuly31, 2025andJanuary31, 20256Condensed Consolidated Statements of Operations for theThree and SixMonths EndedJuly31, 2025and20247Condensed Consolidated Statements of Comprehensive Income for theThree and SixMonths EndedJuly31,2025and20248Condensed Consolidated Statements of Stockholders’ Equityfor theThree and SixMonths EndedJuly31, 2025and20249Condensed Consolidated Statements of Cash Flows for theSix Months EndedJuly31, 2025and202411Notes to Condensed Consolidated Financial Statements12Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations24Item3.Quantitative and Qualitative Disclosures About Market Risk36Item4.Controls and Procedures37PART II – Other Information38Item1.Legal Proceedings38Item1ARisk Factors38Item2.Unregistered Sales of Equity Securities and Use of Proceeds73Item3.Defaults Upon Senior Securities74Item4.Mine Safety Disclosures74Item5.Other Information74Item6.Exhibits75Signatures76 Unless the context suggests otherwise, references in this Quarterly Report on Form 10-Q to “Zoom,” the “Company,” “we,” “us” and “our”refer to Zoom Communications, Inc. and, where appropriate, its subsidiaries. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), whichstatements involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Quarterly Reporton Form 10-Q, including statements regarding our future results of operations or financial condition; business strategy and plans; and objectivesof management for future operations, including our statements regarding the benefits and timing of therolloutof new technology, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,”“contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,”or “would” or the negative of these words or other similar terms or expressions. Forward-looking statements contained in this Quarterly Reporton Form 10-Q include, but are not limited to, statements about: our future financial performance, including our revenue, cost of revenue, grossprofit, margins, and operating expenses; trends in our key business metrics; the sufficiency of our cash and cash equivalents, investments, andcash provided by sales of our products and services to meet o