Company: VEEV
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001393052-25-000067
Chunk: 145

Company: VEEVA SYSTEMS INC
Filing Date: 2025-08-29
Form: 10-Q
Item: Part I, Item 1
Chunk 145
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eeva Systems Inc. | Form 10-Q

Table of Contents

The following table presents the details of intangible assets as of January 31, 2025 (in thousands):GrosscarryingamountAccumulatedamortizationNetExisting technology$28,580 $(24,878)$3,702 Customer relationships113,157 (73,223)39,934 Other intangibles21,405 (20,581)824 Total intangible assets$163,142 $(118,682)$44,460 Amortization expense associated with intangible assets was $4 million and $8 million for the three and six months ended July 31, 2025, respectively, and $5 million and $10 million for the three and six months ended July 31, 2024, respectively.As of July 31, 2025, the estimated future amortization expense for intangible assets is as follows (in thousands):Fiscal YearEstimatedamortizationexpenseRemaining for 2026$6,131 20278,922 20287,778 20297,782 20305,832 Total$36,445  

Note 5. Fair Value Measurements

The following table presents the fair value hierarchy for financial assets measured at fair value on a recurring basis as of July 31, 2025 (in thousands):Level 1Level 2TotalAssetsCash equivalents:Money market funds$897,086 $— $897,086 U.S. Treasury securities— 6,147 6,147 Short-term investments:Certificates of deposit— 20,103 20,103 Asset-backed securities— 401,501 401,501 Commercial paper— 23,835 23,835 Corporate notes and bonds— 2,675,213 2,675,213 Foreign government bonds— 214,017 214,017 Municipal securities— 61,739 61,739 U.S. agency obligations— 13,413 13,413 U.S. Treasury securities— 1,063,461 1,063,461 Foreign currency derivative contracts— 2,238 2,238 Total financial assets$897,086 $4,481,667 $5,378,753 

Veeva Systems Inc. | Form 10-Q11

Table of Contents

The following table presents the fair value hierarchy for financial assets