Company: VEEV
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001393052-25-000042
Chunk: 151

Company: VEEVA SYSTEMS INC
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 1
Chunk 151
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 liabilities measured at fair value on a recurring basis as of April 30, 2025 (in thousands):Level 1Level 2TotalAssetsCash equivalents:Money market funds$1,156,503 $— $1,156,503 U.S. Treasury securities— 9,323 9,323 Short-term investments:Certificates of deposit— 20,103 20,103 Asset-backed securities— 468,584 468,584 Commercial paper— 41,044 41,044 Corporate notes and bonds— 2,394,522 2,394,522 Foreign government bonds— 221,559 221,559 Municipal securities— 62,936 62,936 U.S. agency obligations— 24,833 24,833 U.S. Treasury securities— 869,854 869,854 Foreign currency derivative contracts— 10 10 Total financial assets$1,156,503 $4,112,768 $5,269,271 LiabilitiesForeign currency derivative contracts$— $(3,942)$(3,942)Total financial liabilities$— $(3,942)$(3,942)

Veeva Systems Inc. | Form 10-Q11

Table of Contents

The following table presents the fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis as of January 31, 2025 (in thousands):Level 1Level 2TotalAssetsCash equivalents:Money market funds$314,872 $— $314,872 U.S. Treasury securities— 3,301 3,301 Short-term investments:Certificates of deposit— 64,093 64,093 Asset-backed securities— 530,011 530,011 Commercial paper— 74,575 74,575 Corporate notes and bonds— 2,206,956 2,206,956 Foreign government bonds— 176,103 176,103 Municipal securities— 67,831 67,831 U.S. agency obligations— 24,709 24,709 U.S. Treasury securities— 887,164 887,164 Foreign currency derivative contracts— 96 96 Total financial assets$314,872 $4,034,839 $4,349,711 LiabilitiesForeign currency derivative contracts$— $(525)$(525)Total