ZM - Q221
Revenue 663.5M +355%, +102% seq !!!!
Adj Op Inc 277M +1238% !!
... margin 41.7% (vs 14.2%) +27.5pp
Adj Inc 274.8M +1045% !!
CFO 401.3M +1186% !!
... margin 60.5% (vs 21.4%) +39.1pp
FCF 373.4M +2084% !!
... margin 56.3% (vs 11.7%) +44.6pp
Custs 370.2K +458%, +40% seq
- Custs >100K 988 +112%, +28% seq
NER >130%
AvgRev/Cust Q120 328.2M/265.4K = 1236.62
AvgRev/Cust Q220 663.5M/370.2K = 1792.27
= +44% QoQ increase in avg cust spend.
Mind-boggling execution. They doubled revenue in a quarter. Customers quintupled YoY. Still can’t get my head around it.
Amount of scale they accomplished in their platform architecture is astounding. Operational leverage scaled up FCF at near 6x the top line.
-muji
long ZM and quite content