Company: VEEV
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001393052-25-000078
Chunk: 169

Company: VEEVA SYSTEMS INC
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 1
Chunk 169
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 GAAP financial measures.

The following table reconciles the specific items excluded from GAAP metrics in the calculation of non-GAAP metrics for the periods shown below:

Three months ended October 31,Nine months ended October 31,2025202420252024(in thousands)Net cash provided by operating activities on a GAAP basis$192,787 $164,117 $1,308,378 $1,020,507 Excess tax benefits from employee stock plans(7,692)(898)(23,302)(5,160)Net cash provided by operating activities on a non-GAAP basis$185,095 $163,219 $1,285,076 $1,015,347 Net cash used in investing activities on a GAAP basis$(495,233)$(298,226)$(936,612)$(684,446)Net cash provided by financing activities on a GAAP basis$32,646 $12,960 $168,715 $5,304 Operating income on a GAAP basis$240,853 $181,353 $670,493 $503,012 Stock-based compensation expense120,268 117,859 354,444 322,146 Amortization of purchased intangibles3,794 4,812 11,810 14,490 Litigation settlement-related charges— — 30,627 5,000 Operating income on a non-GAAP basis$364,915 $304,024 $1,067,374 $844,648 Net income on a GAAP basis$236,203 $185,808 $664,702 $518,513 Stock-based compensation expense120,268 117,859 354,444 322,146 Amortization of purchased intangibles3,794 4,812 11,810 14,490 Litigation settlement-related charges— — 30,627 5,000 Income tax effect on non-GAAP adjustments (1)(15,155)(20,160)(55,240)(57,598)Net income on a non-GAAP basis$345,110 $288,319 $1,006,343 $802,551 Diluted net income per share on a GAAP basis$1.40 $1.13 $3.96 $3.15 Stock-based compensation expense0.