Company: VEEV
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001393052-25-000042
Chunk: 142

Company: VEEVA SYSTEMS INC
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 1
Chunk 142
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ITEM 1.    FINANCIAL STATEMENTS.

VEEVA SYSTEMS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

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

(Unaudited)

April 30,2025January 31,2025AssetsCurrent assets:Cash and cash equivalents$1,964,982 $1,118,785 Short-term investments4,103,435 4,031,442 Accounts receivable, net of allowance for credit losses of $563 and $57, respectively492,845 1,016,356 Unbilled accounts receivable48,433 40,761 Prepaid expenses and other current assets97,839 101,458 Total current assets6,707,534 6,308,802 Property and equipment, net58,509 55,912 Deferred costs, net26,395 26,383 Lease right-of-use assets63,716 63,863 Goodwill439,877 439,877 Intangible assets, net40,519 44,460 Deferred income taxes366,241 343,919 Other long-term assets62,286 56,540 Total assets$7,765,077 $7,339,756 Liabilities and stockholders’ equityCurrent liabilities:Accounts payable$37,416 $30,447 Accrued compensation and benefits39,077 39,429 Accrued expenses and other current liabilities31,850 35,557 Income tax payable91,369 9,024 Deferred revenue1,246,235 1,273,978 Lease liabilities10,666 9,969 Total current liabilities1,456,613 1,398,404 Deferred income taxes526 587 Long-term lease liabilities66,565 65,806 Other long-term liabilities30,275 42,586 Total liabilities1,553,979 1,507,383 Commitments and contingencies (note 11)Stockholders’ equity:Common stock2 2 Additional paid-in capital2,519,398 2,386,192 Accumulated other comprehensive income (loss)8,913 (8,416)Retained earnings3,682,785 3,454,595 Total stockholders’ equity6,211,098 5,832,373 Total liabilities and stockholders’ equity$7,