Company: VEEV
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001393052-25-000067
Chunk: 140

Company: VEEVA SYSTEMS INC
Filing Date: 2025-08-29
Form: 10-Q
Item: Part I, Item 1
Chunk 140
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)(103,652)Lease liabilities(5,300)(4,666)Other long-term liabilities2,631 2,750 Net cash provided by operating activities1,115,591 856,390 Cash flows from investing activitiesPurchases of short-term investments(1,452,857)(1,392,297)Maturities and sales of short-term investments1,023,691 1,017,605 Long-term assets(12,213)(11,528)Net cash used in investing activities(441,379)(386,220)Cash flows from financing activitiesProceeds from exercise of common stock options182,297 34,834 Taxes paid related to net share settlement of equity awards(46,228)(42,490)Net cash provided by (used in) financing activities136,069 (7,656)Effect of exchange rate changes on cash, cash equivalents, and restricted cash1,365 (1,252)Net change in cash, cash equivalents, and restricted cash811,646 461,262 Cash, cash equivalents, and restricted cash at beginning of period1,120,963 706,670 Cash, cash equivalents, and restricted cash at end of period$1,932,609 $1,167,932 Cash, cash equivalents, and restricted cash at end of period:Cash and cash equivalents$1,930,431 $1,165,754 Restricted cash included in other long-term assets2,178 2,178 Total cash, cash equivalents, and restricted cash at end of period$1,932,609 $1,167,932 Supplemental disclosures of other cash flow information:Cash paid for income taxes, net of refunds$126,683 $162,760 Excess tax benefits from employee stock plans$15,610 $4,262 

See Notes to Condensed Consolidated Financial Statements.

Veeva Systems Inc. | Form 10-Q7

Table of Contents

VEEVA SYSTEMS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 1. Summary of Business and Significant Accounting Policies 

Description of BusinessVeeva is the leading provider of industry cloud solutions for the global life sciences industry. Our offerings span cloud software, data, and business consulting and are designed to meet the unique needs of our customers and their most strategic business functions—from research and development (R&D)