Company: VEEV
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001393052-25-000022
Chunk: 445

Company: VEEVA SYSTEMS INC
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 445
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24, 2025

Veeva Systems Inc. | Form 10-K50

Table of Contents

VEEVA SYSTEMS INC.

 CONSOLIDATED BALANCE SHEETS

(In thousands, except number of shares and par value)

January 31,2025January 31,2024AssetsCurrent assets:Cash and cash equivalents$1,118,785 $703,487 Short-term investments4,031,442 3,324,269 Accounts receivable, net of allowance for credit losses of $57 and $520, respectively1,016,356 852,172 Unbilled accounts receivable40,761 36,365 Prepaid expenses and other current assets101,458 86,918 Total current assets6,308,802 5,003,211 Property and equipment, net55,912 58,532 Deferred costs, net26,383 23,916 Lease right-of-use assets63,863 45,602 Goodwill439,877 439,877 Intangible assets, net44,460 63,017 Deferred income taxes343,919 233,463 Other long-term assets56,540 43,302 Total assets$7,339,756 $5,910,920 Liabilities and stockholders’ equityCurrent liabilities:Accounts payable$30,447 $31,513 Accrued compensation and benefits39,429 43,433 Accrued expenses and other current liabilities35,557 32,980 Income tax payable9,024 11,862 Deferred revenue1,273,978 1,049,761 Lease liabilities9,969 9,334 Total current liabilities1,398,404 1,178,883 Deferred income taxes587 2,052 Long-term lease liabilities65,806 46,441 Other long-term liabilities42,586 38,720 Total liabilities1,507,383 1,266,096 Commitments and contingencies (note 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 capital