Company: VEEV
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001393052-25-000042
Chunk: 185

Company: VEEVA SYSTEMS INC
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 8
Chunk 185
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, some of which include options to extend the leases for up to five years. For both the three months ended April 30, 2025 and 2024, our operating lease expense was $4 million.Supplemental cash flow information related to leases was as follows (in thousands):Three months ended April 30,20252024Cash paid for lease liabilities$3,359 $2,253 Lease right-of-use assets obtained in exchange for new lease liabilities$2,976 $605 Supplemental balance sheet information related to operating leases was as follows:April 30, 2025January 31, 2025Weighted average remaining lease term7.5 years7.7 yearsWeighted average discount rate4.6 %4.6 %As of April 30, 2025, remaining maturities of lease liabilities are as follows (in thousands):Fiscal YearRemaining for 2026$6,046 202714,411 202815,046 202911,440 203010,532 Thereafter36,570 Total lease payments94,045 Less imputed interest(16,814)Total lease liabilities$77,231 

Veeva Systems Inc. | Form 10-Q13

Table of Contents

Note 9. Stockholders’ Equity 

Common StockAs of April 30, 2025, we had 162,975,081 shares of common stock outstanding.

Stock Option Activity

 A summary of stock option activity for the three months ended April 30, 2025 is as follows: 

Numberof sharesWeightedaverageexercisepriceWeightedaverageremainingcontractualterm (in years)Aggregateintrinsicvalue (in millions)Options outstanding at January 31, 202514,633,921 $177.65 6.8$860 Options granted2,137,998 $214.08 Options exercised(242,713)$167.26 Options forfeited/cancelled(86,831)$212.68 Options outstanding at April 30, 202516,442,375 $182.36 7.0$888 Options vested and exercisable at April 30, 20257,484,376 $143.18 4.9$712 Options vested and exercisable at April 30, 2025 and expected to vest thereafter16,442,375 $182.36 7.0