## What Zoom disclosed in SEC filings about the **$51.0m “strategic investments”** (FY2024 timeframe) Zoom’s SEC filings **do confirm** a **$51.0 million** cash outflow for “purchases of strategic investments” in **Q1 FY2024**, and they describe the *type/accounting* of those investments—but **they do not name Anthropic (or any specific investee) in the “strategic investments” footnote**. ### The core disclosure (Q1 FY2024) In Zoom’s Form 10‑Q for the quarter ended **April 30, 2023** (Zoom’s **Q1 FY2024**), Zoom states it made **$51.0 million of strategic investments** in **equity securities of private companies**, and that these investments were accounted for under the **measurement alternative** because Zoom determined it did not control or have significant influence over the investees. ["made a total of $51.0 million"](0001585521-23-000128|0) ["equity securities of private companies"](0001585521-23-000128|0) ["measurement alternative method"](0001585521-23-000128|0) That same 10‑Q also shows the **cash flow line item** “Purchases of strategic investments” of **$(51,000)** (in thousands) for the three months ended April 30, 2023. ["Purchases of strategic investments | (51,000)"](0001585521-23-000128|0) ### Follow-on context (Q2 FY2024) In the next 10‑Q (six months ended July 31, 2023), Zoom again references the **$51.0 million** as “purchases of strategic investments” in the six-month cash flow. ["purchases of strategic investments of $51.0 million"](0001585521-23-000194|0) Zoom also discloses that in **Q2 FY2024** it **sold $107.2 million** of strategic investments in **public-company equity securities**, with gains “not material.” ["sold a total of $107.2 million"](0001585521-23-000194|0) ["gains on sale, which were not material"](0001585521-23-000194|0) ### Quick summary table (from filings) | Item | What Zoom said | Source | |---|---|---| | Q1 FY2024 strategic investments (cash paid) | $51.0 million (purchases of strategic investments) ["(51,000)"](0001585521-23-000128|0) | Form 10‑Q (quarter ended Apr 30, 2023) (0001585521-23-000128|0) | | Nature/accounting | Equity securities of private companies; no control / no significant influence; measurement alternative ["equity securities of private companies"](0001585521-23-000128|0) ["do not have a controlling interest"](0001585521-23-000128|0) ["measurement alternative method"](0001585521-23-000128|0) | Same 10‑Q (0001585521-23-000128|0) | | Q2 FY2024 sales | Sold $107.2 million of strategic investments (public company equity) ["sold a total of $107.2 million"](0001585521-23-000194|0) | Form 10‑Q (six months ended Jul 31, 2023) (0001585521-23-000194|0) | ## Does Zoom’s filing say the $51m was Anthropic? Not directly. In the filings above, Zoom **does not identify** the private companies comprising the $51.0m strategic investments (i.e., **Anthropic is not named** in that “strategic investments” disclosure). ["private companies"](0001585521-23-000128|0) ## What I found linking the $51m to Anthropic (outside filings) A CNBC article (Jan 26, 2026) states that **in May 2023** Anthropic announced a partnership with Zoom and “revealed that Zoom Ventures had invested,” and notes that Zoom “reported making $51 million in ‘strategic investments’ that quarter” (while also noting the companies did not disclose the investment value). ["In May 2023... Zoom Ventures had invested"](https://www.cnbc.com/2026/01/26/zoom-anthropic-investment.html) ["Zoom reported making $51 million in \"strategic investments\""](https://www.cnbc.com/2026/01/26/zoom-anthropic-investment.html) **Bottom line:** the SEC filings clearly support the existence, size, and accounting treatment of the **$51.0m** strategic investments in **Q1 FY2024**, but **they do not, by themselves, confirm Anthropic** as the recipient. The Anthropic linkage appears to come from **external reporting** tying the timing of Anthropic’s May 2023 announcement to Zoom’s quarterly “strategic investments” cash outflow. ["$51.0 million of strategic investments"](0001585521-23-000128|0) ["In May 2023... invested"](https://www.cnbc.com/2026/01/26/zoom-anthropic-investment.html) If you want, I can also pull the exact Zoom filing passages around “Strategic Investments” and “Fair Value Measurements” for FY2024/FY2025 to see whether any later-period updates (e.g., observable transactions/fair value step-ups) implicitly correspond to that same private-company investment.

## What Zoom disclosed in SEC filings about the **$51.0m “strategic investments”** (FY2024 timeframe) Zoom’s SEC filings **do confirm** a **$51.0 million** cash outflow for “purchases of strategic investments” in **Q1 FY2024**, and they describe the *type/accounting* of those investments—but **they do not name Anthropic (or any specific investee) in the “strategic investments” footnote**. ### The core disclosure (Q1 FY2024) In Zoom’s Form 10‑Q for the quarter ended **April 30, 2023** (Zoom’s **Q1 FY2024**), Zoom states it made **$51.0 million of strategic investments** in **equity securities of private companies**, and that these investments were accounted for under the **measurement alternative** because Zoom determined it did not control or have significant influence over the investees. ["made a total of $51.0 million"](0001585521-23-000128|0) ["equity securities of private companies"](0001585521-23-000128|0) ["measurement alternative method"](0001585521-23-000128|0) That same 10‑Q also shows the **cash flow line item** “Purchases of strategic investments” of **$(51,000)** (in thousands) for the three months ended April 30, 2023. ["Purchases of strategic investments | (51,000)"](0001585521-23-000128|0) ### Follow-on context (Q2 FY2024) In the next 10‑Q (six months ended July 31, 2023), Zoom again references the **$51.0 million** as “purchases of strategic investments” in the six-month cash flow. ["purchases of strategic investments of $51.0 million"](0001585521-23-000194|0) Zoom also discloses that in **Q2 FY2024** it **sold $107.2 million** of strategic investments in **public-company equity securities**, with gains “not material.” ["sold a total of $107.2 million"](0001585521-23-000194|0) ["gains on sale, which were not material"](0001585521-23-000194|0) ### Quick summary table (from filings) | Item | What Zoom said | Source | |---|---|---| | Q1 FY2024 strategic investments (cash paid) | $51.0 million (purchases of strategic investments) ["(51,000)"](0001585521-23-000128|0) | Form 10‑Q (quarter ended Apr 30, 2023) (0001585521-23-000128|0) | | Nature/accounting | Equity securities of private companies; no control / no significant influence; measurement alternative ["equity securities of private companies"](0001585521-23-000128|0) ["do not have a controlling interest"](0001585521-23-000128|0) ["measurement alternative method"](0001585521-23-000128|0) | Same 10‑Q (0001585521-23-000128|0) | | Q2 FY2024 sales | Sold $107.2 million of strategic investments (public company equity) ["sold a total of $107.2 million"](0001585521-23-000194|0) | Form 10‑Q (six months ended Jul 31, 2023) (0001585521-23-000194|0) | ## Does Zoom’s filing say the $51m was Anthropic? Not directly. In the filings above, Zoom **does not identify** the private companies comprising the $51.0m strategic investments (i.e., **Anthropic is not named** in that “strategic investments” disclosure). ["private companies"](0001585521-23-000128|0) ## What I found linking the $51m to Anthropic (outside filings) A CNBC article (Jan 26, 2026) states that **in May 2023** Anthropic announced a partnership with Zoom and “revealed that Zoom Ventures had invested,” and notes that Zoom “reported making $51 million in ‘strategic investments’ that quarter” (while also noting the companies did not disclose the investment value). ["In May 2023... Zoom Ventures had invested"](https://www.cnbc.com/2026/01/26/zoom-anthropic-investment.html) ["Zoom reported making $51 million in \"strategic investments\""](https://www.cnbc.com/2026/01/26/zoom-anthropic-investment.html) **Bottom line:** the SEC filings clearly support the existence, size, and accounting treatment of the **$51.0m** strategic investments in **Q1 FY2024**, but **they do not, by themselves, confirm Anthropic** as the recipient. The Anthropic linkage appears to come from **external reporting** tying the timing of Anthropic’s May 2023 announcement to Zoom’s quarterly “strategic investments” cash outflow. ["$51.0 million of strategic investments"](0001585521-23-000128|0) ["In May 2023... invested"](https://www.cnbc.com/2026/01/26/zoom-anthropic-investment.html) If you want, I can also pull the exact Zoom filing passages around “Strategic Investments” and “Fair Value Measurements” for FY2024/FY2025 to see whether any later-period updates (e.g., observable transactions/fair value step-ups) implicitly correspond to that same private-company investment.