Company: VEEV
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001393052-25-000067
Chunk: 137

Company: VEEVA SYSTEMS INC
Filing Date: 2025-08-29
Form: 10-Q
Item: Part I, Item 1
Chunk 137
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uted167,685 164,564 167,272 164,497 Other comprehensive income:Net change in unrealized (loss) gain on available-for-sale investments$(11,300)$25,175 $6,067 $6,314 Net change in cumulative foreign currency translation gain (loss)390 (104)352 (1,252)Comprehensive income$189,399 $196,112 $434,918 $337,767 

(1) Includes stock-based compensation as follows:Cost of revenues:Cost of subscription services$1,941 $1,642 $3,656 $3,196 Cost of professional services and other14,804 13,176 27,573 25,711 Research and development53,388 48,984 101,337 90,727 Sales and marketing25,392 23,671 47,713 46,714 General and administrative26,441 20,903 53,897 37,939 Total stock-based compensation$121,966 $108,376 $234,176 $204,287 

See Notes to Condensed Consolidated Financial Statements.

Veeva Systems Inc. | Form 10-Q5

Table of Contents

VEEVA SYSTEMS INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(In thousands, except share data)

(Unaudited)

Three months ended July 31, 2025Three months ended July 31, 2024Common stockAdditionalpaid-incapitalRetainedearningsAccumulatedothercomprehensiveincome (loss)Totalstockholders’equityCommon stockAdditionalpaid-incapitalRetainedearningsAccumulatedothercomprehensivelossTotalstockholders’equitySharesAmountSharesAmountBalances at beginning of period162,975,081 $2 $2,519,398 $3,682,785 $8,913 $6,211,098 161,624,611 $2 $2,017,904 $2,902,121 $(30,646)$4,889,381 Issuance of common stock upon exercise of stock options741,812 — 141,692 — — 141,692 48,813 — 6,400 — — 6,400 Issuance of common stock upon