Company: VEEV
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001393052-25-000022
Chunk: 332

Company: VEEVA SYSTEMS INC
Filing Date: 2025-03-24
Form: 10-K
Item: Item 3
Chunk 332
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$1,066,558 $919,871 Due in greater than one year2,964,884 2,404,398 Total$4,031,442 $3,324,269 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 the securities until maturity or a recovery of the cost basis.

Veeva Systems Inc. | Form 10-K61

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 January 31, 2025 (in thousands):12 months or lessGreater than 12 monthsFairvalueGrossunrealizedlossesFairvalueGrossunrealizedlossesCertificates of deposit$20,095 $(21)$— $— Asset-backed securities25,220 (31)44,789 (201)Commercial paper4,944 (1)— — Corporate notes and bonds616,379 (5,569)71,331 (213)Foreign government bonds76,856 (1,023)— — Municipal securities22,593 (122)— — U.S. agency obligations1,865 (1)— — U.S. treasury securities439,382 (3,072)173,071 (172)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 January 31, 2024 (in thousands):12 months or lessGreater than 12 monthsFairvalueGrossunrealizedlossesFair ValueGross unrealized lossesCertificates of deposit$22,465 $(14)$— $— Asset-backed securities120,543 (343)105,419 (1,444)Commercial paper70,037 (20)— — Corporate notes and bonds394,823 (1,560)280,092 (3,628)Foreign government bonds8,915 (19)9,784 (161)Municipal securities31,418 (122)13,686 (109)U.S. agency obligations1,795 (3)4,991 (9)U.S. treasury securities280,946 (1,227)204,