Company: VEEV
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001393052-25-000078
Chunk: 152

Company: VEEVA SYSTEMS INC
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 1
Chunk 152
---
:Weighted average common shares outstanding, basic164,049 161,987 163,676 161,707 Effect of potentially dilutive common shares4,886 2,992 4,277 3,131 Weighted average common shares outstanding, diluted168,935 164,979 167,953 164,838 Net income per share:Basic$1.44 $1.15 $4.06 $3.21 Diluted$1.40 $1.13 $3.96 $3.15 

Veeva Systems Inc. | Form 10-Q15

Table of Contents

Potential common share equivalents excluded because their inclusion would be anti-dilutive are as follows (in thousands):Three months ended October 31,Nine months ended October 31,2025202420252024Options and RSUs 2,626 10,234 6,738 8,621 

Note 11. Commitments and Contingencies

LitigationOn August 13, 2025, Veeva and IQVIA entered into a settlement agreement that resolved all ongoing litigations between Veeva and IQVIA. Prior to that, IQVIA and Veeva had been involved in a series of litigations since 2017, including IQVIA Inc. v. Veeva Systems Inc. (No. 2:17-cv-00177) and IQVIA Inc. v. Veeva Systems Inc. (No. 2:19-cv-15517). Under the terms of the settlement agreement, neither party paid damages to the other party and both parties agreed to dismiss with prejudice all claims and counterclaims currently pending.  Accordingly, all claims and counterclaims were dismissed.From time to time, we may be involved in other legal proceedings and subject to claims incident to the ordinary course of business. Although the results of such legal proceedings and claims cannot be predicted with certainty, we believe we are not currently a party to any other legal proceedings, the outcome of which, if determined adversely to us, would individually or taken together have a material adverse effect on our business, operating results, cash flows, or financial position. Regardless of the outcome, such proceedings can have an adverse impact on us because of defense and settlement costs, diversion of resources, and other factors, and there can be no assurances that favorable outcomes will be obtained.

Note 12. Segment Information