---
schema_version: "secwatch.filing_event.v1"
accession: "0001423774-22-000159"
form_type: "8-K"
ticker: null
cik: "0001423774"
company_name: "ZUORA INC"
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T08:46:54.160721+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Zuora Q3 FY2023 revenue $101.1M (+13% YoY); workforce reduction of 11%

## Summary
- Subscription revenue $86.6M, up 17% YoY (20% constant currency); total revenue $101.1M.
- GAAP net loss $37.0M ($0.28/share) vs $22.9M ($0.18) prior year; non-GAAP net loss $2.9M ($0.02).
- Workforce reduction of 11% announced Nov 30; expected charges ~$9.5M, $3.7M recognized in Q3.
- Cash and short-term investments $400.6M; free cash flow negative $7.2M vs negative $1.7M prior year.
- Non-GAAP income from operations $0.6M vs loss $1.2M prior year; operating improvement.

## SEC filing metadata
- accession: 0001423774-22-000159
- form_type: 8-K
- cik: 0001423774
- company_name: ZUORA INC
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1423774/000142377422000159/0001423774-22-000159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1423774/000142377422000159/zuo-20221206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423774-22-000159
- JSON: https://secwatch.observer/filing/0001423774-22-000159.json
- Plain text: https://secwatch.observer/filing/0001423774-22-000159.txt

## Key facts
- Earnings Releases
  ZUORA INC reported fiscal third quarter ended October 31, 2022 results: revenue $101.1 million, net income $37.0 million, EPS $0.28.
  - Period: fiscal third quarter ended October 31, 2022
  - Revenue: $101.1 million
  - Net income: $37.0 million
  - EPS: $0.28
  - Result: reported results
  source text: Total revenue was $101.1 million, an increase of 13% year-over-year and 17% on a constant currency basis. • GAAP Loss from Operations: GAAP loss from operations was $33.9 million, compared to a loss from operations of $21.6 million in the third quarter of fiscal 2022. • Non-GAAP Income (Loss) from Operations: Non-GAAP income from operations was $0.6 million, compared to a non-GAAP loss from operations of $1.2 million in the third quarter of fiscal 2022. • GAAP Net Loss: GAAP net loss was $37.0 million, or 37% of revenue, compared to a net loss of $22.9 million, or 26% of revenue, in the third quarter of fiscal 2022. GAAP net loss per share was $0.28 based on 132.6 million weighted-average shares outstanding, compared to a net loss per share of $0.18 based on 125.1 million weighted-average shares outstanding in the third quarter of fiscal 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1423774/000142377422000159/0001423774-22-000159-index.htm
- Restructurings & Charges
  ZUORA INC announced a restructuring with charges of approximately $9.5 million (impacting 11% of our workforce).
  - Type: restructuring
  - Charge: approximately $9.5 million
  - Headcount: impacting 11% of our workforce
  source text: On November 30, 2022, Zuora committed to a workforce reduction plan, impacting 11% of our workforce, to improve operational efficiencies and operating costs and better align our workforce with current business needs, priorities, and near term growth expectations, in light of macroeconomic uncertainties. We expect to incur charges of approximately $9.5 million consisting primarily of termination benefits to the impacted employees, including severance payments and healthcare benefits.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1423774/000142377422000159/0001423774-22-000159-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.