Company: VEEV
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001393052-25-000078
Chunk: 136

Company: VEEVA SYSTEMS INC
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 1
Chunk 136
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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)

October 31,2025January 31,2025AssetsCurrent assets:Cash and cash equivalents$1,660,137 $1,118,785 Short-term investments4,977,164 4,031,442 Accounts receivable, net of allowance for credit losses of $171 and $57, respectively314,227 1,016,356 Unbilled accounts receivable57,549 40,761 Prepaid expenses and other current assets102,777 101,458 Total current assets7,111,854 6,308,802 Property and equipment, net66,117 55,912 Deferred costs, net25,304 26,383 Lease right-of-use assets73,839 63,863 Goodwill439,877 439,877 Intangible assets, net32,650 44,460 Deferred income taxes286,966 343,919 Other long-term assets60,544 56,540 Total assets$8,097,151 $7,339,756 Liabilities and stockholders’ equityCurrent liabilities:Accounts payable$32,671 $30,447 Accrued compensation and benefits41,485 39,429 Accrued expenses and other current liabilities31,707 35,557 Income tax payable6,020 9,024 Deferred revenue822,466 1,273,978 Lease liabilities10,529 9,969 Total current liabilities944,878 1,398,404 Deferred income taxes367 587 Long-term lease liabilities79,267 65,806 Other long-term liabilities32,008 42,586 Total liabilities1,056,520 1,507,383 Commitments and contingencies (note 11)Stockholders’ equity:Common stock2 2 Additional paid-in capital2,911,418 2,386,192 Accumulated other comprehensive income (loss)9,914 (8,416)Retained earnings4,119,297 3,454,595 Total stockholders’ equity7,040,631 5,832,373 Total liabilities and stockholders’ equity$8,097,151