Company: VEEV
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001393052-25-000042
Chunk: 180

Company: VEEVA SYSTEMS INC
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 8
Chunk 180
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402 $31,083 $(2,050)$4,103,435 As of January 31, 2025, short-term investments consisted of the following (in thousands):AmortizedcostGrossunrealizedgainsGrossunrealizedlossesEstimatedfairvalueAvailable-for-sale securities:Certificates of deposit$64,045 $69 $(21)$64,093 Asset-backed securities526,986 3,257 (232)530,011 Commercial paper74,468 108 (1)74,575 Corporate notes and bonds2,202,150 10,588 (5,782)2,206,956 Foreign government bonds176,684 442 (1,023)176,103 Municipal securities67,780 173 (122)67,831 U.S. agency obligations24,616 94 (1)24,709 U.S. treasury securities888,968 1,440 (3,244)887,164 Total available-for-sale securities$4,025,697 $16,171 $(10,426)$4,031,442 The following table summarizes the estimated fair value of our short-term investments, designated as available-for-sale and classified by the contractual maturity date of the securities as of the dates shown (in thousands):April 30, 2025January 31, 2025Due in one year or less$888,888 $1,066,558 Due in greater than one year3,214,547 2,964,884 Total$4,103,435 $4,031,442 We have not recorded an allowance for credit losses, as we believe any such losses would be immaterial based on the high credit quality of our investments. It is more likely than not we will hold such securities until maturity or a recovery of the cost basis.

Veeva Systems Inc. | Form 10-Q9

Table of Contents

The following table shows the fair values of available-for-sale securities which were in an unrealized loss position, aggregated by investment category, as of April 30, 2025 (in thousands):12 months or lessGreater than 12 monthsFairvalueGrossunrealizedlossesFairvalueGrossunrealizedlossesCertificates of deposit$12,048 $(12)$— $— Asset-backed securities21,508 (42)38,542 (