Company: VEEV
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001393052-25-000022
Chunk: 193

Company: VEEVA SYSTEMS INC
Filing Date: 2025-03-24
Form: 10-K
Item: Item 1A
Chunk 193
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 31, 2024.The following table presents the details of intangible assets as of January 31, 2025 (dollar amounts in thousands):GrosscarryingamountAccumulatedamortizationNetRemaininguseful life(in years)Existing technology$28,580 $(24,878)$3,702 1.0Customer relationships113,157 (73,223)39,934 4.5Trade name and trademarks13,900 (13,900)— 0.0Other intangibles21,405 (20,581)824 1.8Total intangible assets$177,042 $(132,582)$44,460 The following table presents the details of intangible assets as of January 31, 2024 (dollar amounts in thousands):GrosscarryingamountAccumulatedamortizationNetRemaininguseful life(in years)Existing technology$28,580 $(20,646)$7,934 2.0Customer relationships113,157 (61,755)51,402 5.3Trade name and trademarks13,900 (11,925)1,975 0.8Other intangibles21,405 (19,699)1,706 2.2Total intangible assets$177,042 $(114,025)$63,017 Amortization expense associated with intangible assets was $19 million for all the fiscal years ended January 31, 2025, 2024, and 2023.As of January 31, 2025, the estimated future amortization expense for intangible assets is as follows (in thousands):Fiscal YearEstimatedamortizationexpenseFiscal 2026$14,147 Fiscal 20278,922 Fiscal 20287,778 Fiscal 20297,782 Fiscal 20305,831 Total$44,460  

Veeva Systems Inc. | Form 10-K63

Table of Contents

Note 6. Accrued Expenses 

Accrued expenses consisted of the following as of the dates shown (in thousands):January 31,20252024Accrued commissions$8,031 $9,848 Accrued bonus3,391 3,481 Accrued vacation (1)7,017 7,375 Payroll tax payable12,595 13,829 Accrued other compensation and benefits8