Company name:

Zoom Video Communications Inc

  • IPO SHARE PRICE:
    $36.00
  • IPO DATE:
    April 18, 2019
  • TICKER:
    ZM
  • MAIN STOCK EXCHANGE:
    NASDAQ Global Select
  • CURRENT HQ LOCATION:
    55 Almaden Boulevard 6 th Floor San Jose California 95113
  • FISCAL YEAR END:
    January 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Zoom Video Communications Inc

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Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Jan
2021
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue 151,478 330,517 622,658 2,651,368 2,651,368 3,529,940
Selected Year:
31-Jan
2021
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
75.1%
31.0% —

Cost of revenue

25.8% —

Sales and marketing

12.1% —

General and administrative

6.2% —

Research and development
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue
30,780 61,001 115,396 821,989 821,989 1,069,136
Gross profit
120,698 269,516 507,262 1,829,379 1,829,379 2,460,804
Sales and marketing
82,707 185,821 340,646 684,904 684,904 856,072
Research and development
15,733 33,014 67,079 164,080 164,080 209,500
General and administrative
27,091 44,514 86,841 320,547 320,547 370,764
Total operating expenses
$125,531 $263,349 $494,566 $1,169,531 $1,169,531 $1,436,336
Selected Year:
31-Jan
2021
Operating Income
Income after excluding Operating Expenses from Total Revenue
24.9%
24.9% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income ($4,833) $6,167 $12,696 $659,848 $659,848 $1,024,468
Selected Year:
31-Jan
2021
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
24.9%
24.9% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT ($4,833) $6,167 $12,696 $659,848 $659,848 $1,024,468
Selected Year:
31-Jan
2021
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
0.5%
0.7% —

Interest and other income

0.2% —

Income tax expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest and other income
1,315 2,182 13,666 18,186 18,186 34,144
Income before income taxes
(3,518) 8,349 26,362 678,034 678,034 1,058,612
Income tax expense or benefit TEST - ODD
304 765 1,057 5,718 5,718 16,172
Selected Year:
31-Jan
2021
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
25.4%
25.4% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
($3,822) $7,584 $25,305 $672,316 $672,316 -
Distributed net income attributable to participating securities Distributed net income attributable to participating securities
(4,405) - - - - -
Undistributed Net income attributable to participating securities Undistributed Net income attributable to participating securities
- (7,584) (3,555) (789) (789) (1,032)
Net income (loss) attributable to common stock
(8,227) - 21,750 671,527 671,527 1,041,408

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A - - 127,468,829 234,240,582 234,240,582 234,240,582
Class B - - 151,532,787 59,473,463 59,473,463 59,473,463
Selected Year:
31-Jan
2021
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share ($0.11) - $0.09 $2.37 $2.37 $3.64
Net Income per diluted share ($0.11) - $0.09 $2.25 $2.25 $3.48