Company: VEEV
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001393052-25-000022
Chunk: 178

Company: VEEVA SYSTEMS INC
Filing Date: 2025-03-24
Form: 10-K
Item: Item 1A
Chunk 178
---
,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 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,