Company: VEEV
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001393052-25-000022
Chunk: 82

Company: VEEVA SYSTEMS INC
Filing Date: 2025-03-24
Form: 10-K
Item: Item 1A
Chunk 82
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,029 Foreign government bonds50,180 206 (180)50,206 Municipal securities79,404 301 (231)79,474 U.S. agency obligations49,372 232 (12)49,592 U.S. treasury securities717,015 1,268 (3,824)714,459 Total available-for-sale securities$3,321,633 $13,892 $(11,256)$3,324,269 The following table summarizes the estimated fair value of our short-term investments, designated as available-for-sale and classified by the contractual maturity date of the securities as of the dates shown (in thousands):January 31,20252024Due in one year or less$1,066,558 $919,871 Due in greater than one year2,964,884 2,404,398 Total$4,031,442 $3,324,269 We have not recorded an allowance for credit losses, as we believe any such losses would be immaterial based on the high credit quality of our investments. It is more likely than not we will hold the securities until maturity or a recovery of the cost basis.

Veeva Systems Inc. | Form 10-K61

Table of Contents

The following table shows the fair values of available-for-sale securities which were in an unrealized loss position, aggregated by investment category, as of January 31, 2025 (in thousands):12 months or lessGreater than 12 monthsFairvalueGrossunrealizedlossesFairvalueGrossunrealizedlossesCertificates of deposit$20,095 $(21)$— $— Asset-backed securities25,220 (31)44,789 (201)Commercial paper4,944 (1)— — Corporate notes and bonds616,379 (5,569)71,331 (213)Foreign government bonds76,856 (1,023)— — Municipal securities22,593 (122)— — U.S. agency obligations1,865 (1)— — U.S. treasury securities439,382 (3,072)173,071 (172)The following table shows the fair values of available-for-sale securities which were in an unrealized loss position, aggregated by investment category, as of January 31, 2024 (in thousands):12 months or lessGreater than 12 months