2024 Q1 Form 10-K Financial Statement

#000142377424000079 Filed on March 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024 2023
Revenue $110.7M $431.7M $396.1M
YoY Change 7.4% 8.98% 14.23%
Cost Of Revenue $36.82M $147.0M $153.2M
YoY Change -3.27% -4.08% 9.37%
Gross Profit $73.85M $284.7M $242.9M
YoY Change 13.66% 17.22% 17.53%
Gross Profit Margin 66.73% 65.95% 61.31%
Selling, General & Admin $62.01M $240.8M $251.7M
YoY Change -2.72% -4.35% 14.65%
% of Gross Profit 83.96% 84.59% 103.66%
Research & Development $28.86M $108.3M $102.6M
YoY Change 15.79% 5.58% 23.25%
% of Gross Profit 39.08% 38.04% 42.23%
Depreciation & Amortization $4.530M $9.229M $18.74M
YoY Change -9.63% -50.75% 63.94%
% of Gross Profit 6.13% 3.24% 7.72%
Operating Expenses $90.87M $349.1M $354.3M
YoY Change 2.48% -1.47% 17.01%
Operating Profit -$17.02M -$64.41M -$111.5M
YoY Change -28.17% -42.21% 15.89%
Interest Expense $1.564M $21.48M -$9.147M
YoY Change 11.55% -334.83% 402.03%
% of Operating Profit
Other Income/Expense, Net -$4.475M -$2.234M $9.214M
YoY Change 3239.55% -124.25%
Pretax Income -$20.08M -$66.04M -$111.4M
YoY Change -10.45% -40.71% 13.66%
Income Tax $755.0K $2.151M $10.58M
% Of Pretax Income
Net Earnings -$20.83M -$68.19M -$122.0M
YoY Change -34.6% -44.09% 22.68%
Net Earnings / Revenue -18.83% -15.8% -30.79%
Basic Earnings Per Share -$0.49 -$1.51
Diluted Earnings Per Share -$0.14 -$0.49 -$0.93
COMMON SHARES
Basic Shares Outstanding 140.1M shares 131.4M shares
Diluted Shares Outstanding 140.1M shares 131.4M shares

Balance Sheet

Concept 2024 Q1 2024 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $514.2M $514.2M $386.2M
YoY Change 33.12% 33.12% 79.32%
Cash & Equivalents $256.1M $256.1M $203.2M
Short-Term Investments $258.1M $258.1M $183.0M
Other Short-Term Assets $33.40M $33.40M $40.57M
YoY Change -17.66% -17.66% 44.24%
Inventory
Prepaid Expenses
Receivables $124.6M $126.0M $91.74M
Other Receivables $4.348M $4.348M $0.00
Total Short-Term Assets $677.9M $677.9M $518.6M
YoY Change 30.73% 30.73% 57.93%
LONG-TERM ASSETS
Property, Plant & Equipment $25.96M $48.42M $49.93M
YoY Change -48.0% -3.01% -17.23%
Goodwill $56.66M
YoY Change 4.94%
Intangibles $10.08M
YoY Change -23.63%
Long-Term Investments
YoY Change
Other Assets $3.506M $30.76M $32.93M
YoY Change -89.35% -6.59% 4.48%
Total Long-Term Assets $145.9M $145.9M $150.0M
YoY Change -2.75% -2.75% 32.88%
TOTAL ASSETS
Total Short-Term Assets $677.9M $677.9M $518.6M
Total Long-Term Assets $145.9M $145.9M $150.0M
Total Assets $823.8M $823.8M $668.6M
YoY Change 23.22% 23.22% 51.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.161M $3.161M $1.073M
YoY Change 194.59% 194.59% -84.19%
Accrued Expenses $72.49M $72.49M $67.40M
YoY Change 7.55% 7.55% 21.03%
Deferred Revenue $199.6M
YoY Change 19.43%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $279.4M $279.4M $235.6M
YoY Change 18.59% 18.59% 7.44%
LONG-TERM LIABILITIES
Long-Term Debt $359.5M $359.5M $210.4M
YoY Change 70.87% 70.87%
Other Long-Term Liabilities $7.582M $47.48M $45.70M
YoY Change -83.41% 3.91% -5.0%
Total Long-Term Liabilities $367.1M $407.0M $256.1M
YoY Change 43.34% 58.92% 432.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $279.4M $279.4M $235.6M
Total Long-Term Liabilities $367.1M $407.0M $256.1M
Total Liabilities $690.1M $690.1M $495.4M
YoY Change 39.3% 39.3% 83.06%
SHAREHOLDERS EQUITY
Retained Earnings -$829.6M
YoY Change 8.96%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $133.7M $133.7M $173.2M
YoY Change
Total Liabilities & Shareholders Equity $823.8M $823.8M $668.6M
YoY Change 23.22% 23.22% 51.52%

Cashflow Statement

Concept 2024 Q1 2024 2023
OPERATING ACTIVITIES
Net Income -$20.83M -$68.19M -$122.0M
YoY Change -34.6% -44.09% 22.68%
Depreciation, Depletion And Amortization $4.530M $9.229M $18.74M
YoY Change -9.63% -50.75% 63.94%
Cash From Operating Activities $16.91M -$18.77M -$20.64M
YoY Change -194.12% -9.09% -210.48%
INVESTING ACTIVITIES
Capital Expenditures $3.074M $9.987M $10.63M
YoY Change 42.12% -6.08% 21.17%
Acquisitions $4.524M $41.00M
YoY Change -88.97%
Other Investing Activities -$178.2M -$74.29M -$120.4M
YoY Change -581.56% -38.32% 1107.54%
Cash From Investing Activities -$181.3M -$84.28M -$131.1M
YoY Change -620.27% -35.7% 552.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.490M
YoY Change
Debt Paid & Issued, Net $1.480M
YoY Change -66.7%
Cash From Financing Activities 4.916M $156.5M 241.9M
YoY Change 69.05% -35.29% 1026.06%
NET CHANGE
Cash From Operating Activities 16.91M -$18.77M -20.64M
Cash From Investing Activities -181.3M -$84.28M -131.1M
Cash From Financing Activities 4.916M $156.5M 241.9M
Net Change In Cash -159.5M $52.83M 90.19M
YoY Change -905.81% -41.43% 364.98%
FREE CASH FLOW
Cash From Operating Activities $16.91M -$18.77M -$20.64M
Capital Expenditures $3.074M $9.987M $10.63M
Free Cash Flow $13.84M -$28.75M -$31.28M
YoY Change -168.74% -8.07% -415.62%

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124206000 shares
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
171913000 usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2022 zuo Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Lapse Of Restriction On Early Exercise
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsLapseOfRestrictionOnEarlyExercise
26000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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7428000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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72070000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-904000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-99425000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
170607000 usd
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
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2471000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2023 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
1000000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
96401000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
18442000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2024 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2280000 usd
CY2024 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
101052000 usd
CY2024 zuo Adjustments To Additional Paid In Capital Reclassification Of Warrants Net Of Allocated Debt Issuance Costs
AdjustmentsToAdditionalPaidInCapitalReclassificationOfWarrantsNetOfAllocatedDebtIssuanceCosts
7073000 usd
CY2024 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
60000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-68193000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
133687000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-68193000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-197970000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-99425000 usd
CY2024 us-gaap Depreciation And Amortization
DepreciationAndAmortization
18214000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
18738000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
16760000 usd
CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
101052000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
96401000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
72070000 usd
CY2024 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
858000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2245000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2919000 usd
CY2024 us-gaap Noncash Contribution Expense
NoncashContributionExpense
0 usd
CY2023 us-gaap Noncash Contribution Expense
NoncashContributionExpense
1000000 usd
CY2022 us-gaap Noncash Contribution Expense
NoncashContributionExpense
1000000 usd
CY2024 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
18959000 usd
CY2023 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
19291000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
16330000 usd
CY2024 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
6090000 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
7363000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
9717000 usd
CY2024 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3811000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4537000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
12783000 usd
CY2024 zuo Fair Value Adjustment Of Warrants And Debt Conversion Liability
FairValueAdjustmentOfWarrantsAndDebtConversionLiability
2234000 usd
CY2022 zuo Fair Value Adjustment Of Warrants And Debt Conversion Liability
FairValueAdjustmentOfWarrantsAndDebtConversionLiability
0 usd
CY2024 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 usd
CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-380000 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 usd
CY2024 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1335000 usd
CY2023 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-391000 usd
CY2022 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
802000 usd
CY2024 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
34230000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11081000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6322000 usd
CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-885000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7379000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1179000 usd
CY2024 zuo Increase Decrease In Capitalized Contract Cost
IncreaseDecreaseInCapitalizedContractCost
18051000 usd
CY2023 zuo Increase Decrease In Capitalized Contract Cost
IncreaseDecreaseInCapitalizedContractCost
22802000 usd
CY2022 zuo Increase Decrease In Capitalized Contract Cost
IncreaseDecreaseInCapitalizedContractCost
24127000 usd
CY2024 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2082000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6084000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4457000 usd
CY2024 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-82746000 usd
CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
88353000 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
1424000 usd
CY2024 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
7239000 usd
CY2023 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2161000 usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1165000 usd
CY2024 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
34830000 usd
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
12020000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
24281000 usd
CY2024 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-13136000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-13131000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-13969000 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-18767000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20644000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18686000 usd
CY2024 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9987000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10634000 usd
CY2024 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 usd
CY2023 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 usd
CY2022 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
344000 usd
CY2024 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1349000 usd
CY2024 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
286394000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
99192000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20099000 usd
CY2024 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
145861000 usd
CY2023 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
233901000 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2024 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2280000 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2471000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
18499000 usd
CY2024 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
8401000 usd
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
7019000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
7428000 usd
CY2024 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
21483000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-461000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-673000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
52826000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
89732000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
19397000 usd
CY2024 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113507000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
94110000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
256065000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
203239000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113507000 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
11504000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
7608000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
94000 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1993000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1445000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1395000 usd
CY2024 zuo Lapse In Restrictions On Early Exercised Common Stock Options
LapseInRestrictionsOnEarlyExercisedCommonStockOptions
0 usd
CY2023 zuo Lapse In Restrictions On Early Exercised Common Stock Options
LapseInRestrictionsOnEarlyExercisedCommonStockOptions
0 usd
CY2022 zuo Lapse In Restrictions On Early Exercised Common Stock Options
LapseInRestrictionsOnEarlyExercisedCommonStockOptions
26000 usd
CY2024 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
164000 usd
CY2024 zuo Acquired Finite Lived Intangible Assets Consideration Retained For Indemnification Obligations
AcquiredFiniteLivedIntangibleAssetsConsiderationRetainedForIndemnificationObligations
0 usd
CY2023 zuo Acquired Finite Lived Intangible Assets Consideration Retained For Indemnification Obligations
AcquiredFiniteLivedIntangibleAssetsConsiderationRetainedForIndemnificationObligations
0 usd
CY2022 zuo Acquired Finite Lived Intangible Assets Consideration Retained For Indemnification Obligations
AcquiredFiniteLivedIntangibleAssetsConsiderationRetainedForIndemnificationObligations
225000 usd
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the consolidated financial statements, as well as reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. </span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our most significant estimates and assumptions are related to revenue recognition with respect to the determination of the standalone selling prices for our services; the expected period of benefit over which deferred commissions are amortized; valuation of our convertible senior notes and warrants and short-term investments; estimates of allowance for credit losses; estimates of the fair value of goodwill and long-lived assets when evaluating for impairments and for assets acquired from acquisitions; useful lives of intangibles and other long-lived assets; and the valuation of deferred income tax assets and contingencies. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results may differ materially from these estimates under different assumptions or conditions.</span></div>
CY2024Q1 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2024Q1 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
1400000 usd
CY2023Q1 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
1300000 usd
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk and Significant Clients and Suppliers</span></div>Our financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, short-term investments and accounts receivable. We deposit our cash, cash equivalents, and short-term investments primarily with one financial institution and, accordingly, such deposits regularly exceed federally insured limits.
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4001000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3188000 usd
CY2024 zuo Provision For Doubtful Accounts Charged To Revenue
ProvisionForDoubtfulAccountsChargedToRevenue
858000 usd
CY2023 zuo Provision For Doubtful Accounts Charged To Revenue
ProvisionForDoubtfulAccountsChargedToRevenue
2245000 usd
CY2024 zuo Provision For Doubtful Accounts Charged To Deferred Revenue
ProvisionForDoubtfulAccountsChargedToDeferredRevenue
-1542000 usd
CY2023 zuo Provision For Doubtful Accounts Charged To Deferred Revenue
ProvisionForDoubtfulAccountsChargedToDeferredRevenue
1818000 usd
CY2024 zuo Allowance For Doubtful Accounts Receivable Write Offs To Revenue
AllowanceForDoubtfulAccountsReceivableWriteOffsToRevenue
1087000 usd
CY2023 zuo Allowance For Doubtful Accounts Receivable Write Offs To Revenue
AllowanceForDoubtfulAccountsReceivableWriteOffsToRevenue
2201000 usd
CY2024 zuo Allowance For Doubtful Accounts Receivable Write Offs To Deferred Revenue
AllowanceForDoubtfulAccountsReceivableWriteOffsToDeferredRevenue
88000 usd
CY2023 zuo Allowance For Doubtful Accounts Receivable Write Offs To Deferred Revenue
AllowanceForDoubtfulAccountsReceivableWriteOffsToDeferredRevenue
1049000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2142000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4001000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3800000 usd
CY2024 zuo Employee Stock Purchase Plan Offering Period
EmployeeStockPurchasePlanOfferingPeriod
P2Y
CY2024 zuo Number Of Sublease
NumberOfSublease
1 sublease
CY2024 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
9300000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6600000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
257964000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
171000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
15000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
258120000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
183582000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
576000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
183006000 usd
CY2024Q1 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
300200000 usd
CY2024Q1 zuo Prepaid Software Subscriptions Current
PrepaidSoftwareSubscriptionsCurrent
6582000 usd
CY2023Q1 zuo Prepaid Software Subscriptions Current
PrepaidSoftwareSubscriptionsCurrent
7533000 usd
CY2024Q1 us-gaap Prepaid Taxes
PrepaidTaxes
4348000 usd
CY2023Q1 us-gaap Prepaid Taxes
PrepaidTaxes
3860000 usd
CY2024Q1 us-gaap Prepaid Insurance
PrepaidInsurance
2305000 usd
CY2023Q1 us-gaap Prepaid Insurance
PrepaidInsurance
3225000 usd
CY2024Q1 zuo Prepaid Hosting Costs
PrepaidHostingCosts
1157000 usd
CY2023Q1 zuo Prepaid Hosting Costs
PrepaidHostingCosts
871000 usd
CY2024Q1 us-gaap Deposits Assets
DepositsAssets
699000 usd
CY2023Q1 us-gaap Deposits Assets
DepositsAssets
1168000 usd
CY2024Q1 us-gaap Loss Contingency Receivable
LossContingencyReceivable
0 usd
CY2023Q1 us-gaap Loss Contingency Receivable
LossContingencyReceivable
2000000 usd
CY2024Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
6790000 usd
CY2023Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
4303000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
23261000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
24285000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
66630000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
63605000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
40669000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
36446000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25961000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
27159000 usd
CY2024 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
600000 usd
CY2023 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
1100000 usd
CY2023 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
100000 usd
CY2024 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
1200000 usd
CY2022 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 usd
CY2023 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 usd
CY2024 us-gaap Depreciation
Depreciation
9229000 usd
CY2023 us-gaap Depreciation
Depreciation
9668000 usd
CY2022 us-gaap Depreciation
Depreciation
11430000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
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LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
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LesseeOperatingLeaseCashPaidForOperatingLeases
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LesseeOperatingLeaseCashPaidForOperatingLeases
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CY2023 us-gaap Operating Lease Payments
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CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2024 us-gaap Deferred Income Tax Expense Benefit
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CY2024 us-gaap Income Tax Expense Benefit
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CY2024 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2023 us-gaap Income Tax Examination Penalties And Interest Expense
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CY2022 us-gaap Income Tax Examination Penalties And Interest Expense
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14505000 usd
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CY2024 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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4.61
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
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CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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15984000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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9.20
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P3Y7M6D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
15984000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.54
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3713000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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2600000 usd
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CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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101052000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Allocated Share Based Compensation Expense
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72070000 usd
CY2024 us-gaap Net Income Loss
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CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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-99425000 usd
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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140147000 shares
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
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140147000 shares
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131441000 shares
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131441000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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124206000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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124206000 shares
CY2024 us-gaap Earnings Per Share Diluted
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-0.49
CY2024 us-gaap Earnings Per Share Basic
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CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.51
CY2023 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Earnings Per Share Basic
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-0.80
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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