Company: VEEV
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001393052-25-000078
Chunk: 138

Company: VEEVA SYSTEMS INC
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 1
Chunk 138
---
,707 Diluted168,935 164,979 167,953 164,838 Other comprehensive income:Net change in unrealized gain (loss) on available-for-sale investments$12,283 $(738)$18,350 $5,576 Net change in cumulative foreign currency translation loss(372)(146)(20)(1,398)Comprehensive income$248,114 $184,924 $683,032 $522,691 

(1) Includes stock-based compensation as follows:Cost of revenues:Cost of subscription services$1,842 $1,696 $5,498 $4,892 Cost of professional services and other14,789 12,929 42,362 38,640 Research and development52,791 48,014 154,128 138,741 Sales and marketing24,509 21,214 72,222 67,928 General and administrative26,337 34,006 80,234 71,945 Total stock-based compensation$120,268 $117,859 $354,444 $322,146 

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 October 31, 2025Three months ended October 31, 2024Common stockAdditionalpaid-incapitalRetainedearningsAccumulatedothercomprehensive(loss) incomeTotalstockholders’equityCommon stockAdditionalpaid-incapitalRetainedearningsAccumulatedothercomprehensivelossTotalstockholders’equitySharesAmountSharesAmountBalances at beginning of period163,877,694 $2 $2,757,440 $3,883,094 $(1,997)$6,638,539 161,830,287 $2 $2,117,109 $3,073,162 $(5,575)$5,184,698 Issuance of common stock upon exercise of stock options312,734 — 57,699 — — 57,699 174,384 — 30,270 — — 30,270 Issuance of common stock upon vesting of