Company: VEEV
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001393052-25-000022
Chunk: 81

Company: VEEVA SYSTEMS INC
Filing Date: 2025-03-24
Form: 10-K
Item: Item 1A
Chunk 81
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 disclosures.Disaggregation of Income Statement ExpensesIn November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosure (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure, in the notes to the financial statements, of additional information about certain costs and expenses for interim and annual reporting periods. This new standard is effective for our fiscal year beginning on February 1, 2027 and interim periods beginning on February 1, 2028 on a prospective basis and retrospective application is permitted. We are currently evaluating this ASU to determine its impact on our disclosures.

Note 2. Short-Term Investments 

As of January 31, 2025, short-term investments consisted of the following (in thousands):AmortizedcostGrossunrealizedgainsGrossunrealizedlossesEstimatedfairvalueAvailable-for-sale securities:Certificates of deposit$64,045 $69 $(21)$64,093 Asset-backed securities526,986 3,257 (232)530,011 Commercial paper74,468 108 (1)74,575 Corporate notes and bonds2,202,150 10,588 (5,782)2,206,956 Foreign government bonds176,684 442 (1,023)176,103 Municipal securities67,780 173 (122)67,831 U.S. agency obligations24,616 94 (1)24,709 U.S. treasury securities888,968 1,440 (3,244)887,164 Total available-for-sale securities$4,025,697 $16,171 $(10,426)$4,031,442 

Veeva Systems Inc. | Form 10-K60

Table of Contents

As of January 31, 2024, short-term investments consisted of the following (in thousands):AmortizedcostGrossunrealizedgainsGrossunrealizedlossesEstimatedfairvalueAvailable-for-sale securities:Certificates of deposit$94,210 $87 $(14)$94,283 Asset-backed securities605,852 2,916 (1,787)606,981 Commercial paper144,218 47 (20)144,245 Corporate notes and bonds1,581,382 8,835 (5,188)1,585