Company: VEEV
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001393052-25-000022
Chunk: 448

Company: VEEVA SYSTEMS INC
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 448
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ance of common stock upon exercise of stock options2,277,533 — 62,687 — — 62,687 Issuance of common stock upon vesting of restricted stock units1,150,059 — — — — — Shares withheld related to net share settlement(412,027)— (79,825)— — (79,825)Stock-based compensation expense— — 399,513 — — 399,513 Change in other comprehensive income— — — — 20,492 20,492 Net income— — — 525,705 — 525,705 Balance at January 31, 2024161,260,172 $2 $1,915,002 $2,740,457 $(10,637)$4,644,824 Issuance of common stock upon exercise of stock options673,079 — 105,538 — — 105,538 Issuance of common stock upon vesting of restricted stock units1,030,545 — — — — — Shares withheld related to net share settlement(380,007)— (79,116)— — (79,116)Stock-based compensation expense— — 444,768 — — 444,768 Change in other comprehensive income— — — — 2,221 2,221 Net income— — — 714,138 — 714,138 Balance at January 31, 2025162,583,789 $2 $2,386,192 $3,454,595 $(8,416)$5,832,373 (1) Class B common stock was converted to Class A common stock on October 15, 2023. We refer to our Class A common stock as common stock. See note 13 Net Income per Share.

See Notes to Consolidated Financial Statements.

Veeva Systems Inc. | Form 10-K53

Table of Contents

VEEVA SYSTEMS INC.

 CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

Fiscal year ended January 31,202520242023Cash flows from operating activitiesNet income$714,138 $525,705 $487,706 Adjustments to reconcile net income to net cash provided by operating activities:Dep