Company: VEEV
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001393052-25-000022
Chunk: 437

Company: VEEVA SYSTEMS INC
Filing Date: 2025-03-24
Form: 10-K
Item: Item 1
Chunk 437
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 14)Stockholders’ equity:Common stock, $0.00001 par value; 800,000,000 shares authorized at January 31, 2025 and January 31, 2024. 162,583,789 and 161,260,172 issued and outstanding at January 31, 2025 and January 31, 2024, respectively2 2 Additional paid-in capital2,386,192 1,915,002 Accumulated other comprehensive loss(8,416)(10,637)Retained earnings3,454,595 2,740,457 Total stockholders’ equity5,832,373 4,644,824 Total liabilities and stockholders’ equity$7,339,756 $5,910,920 

See Notes to Consolidated Financial Statements.

Veeva Systems Inc. | Form 10-K51

Table of Contents

VEEVA SYSTEMS INC.

 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands, except per share data)

Fiscal year ended January 31,202520242023Revenues:Subscription services$2,284,659 $1,901,593 $1,733,002 Professional services and other461,960 462,080 422,058 Total revenues2,746,619 2,363,673 2,155,060 Cost of revenues (1):Cost of subscription services323,070 290,577 257,635 Cost of professional services and other376,566 386,714 351,770 Total cost of revenues699,636 677,291 609,405 Gross profit2,046,983 1,686,382 1,545,655 Operating expenses (1):Research and development693,078 629,031 520,278 Sales and marketing396,726 381,472 348,691 General and administrative265,744 246,545 217,595 Total operating expenses1,355,548 1,257,048 1,086,564 Operating income691,435 429,334 459,091 Other income, net227,946 158,689 50,005 Income before income taxes919,381 588,023 509,096 Income tax provision205,243 62,318 21,390 Net income$714,138 $