Company: VEEV
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001393052-25-000078
Chunk: 189

Company: VEEVA SYSTEMS INC
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 8
Chunk 189
---
 (1)124,062 122,671 396,881 341,636 Other income, net71,933 60,937 206,478 171,239 Income tax provision76,583 56,482 212,269 155,738 Consolidated net income$236,203 $185,808 $664,702 $518,513 (1) Other segment items included in consolidated net income consist primarily of stock-based compensation, amortization of purchased intangibles, and litigation settlement-related charges.Cost of revenues - adjusted, and operating expenses - adjusted, are segment expenses that are regularly provided to the CEO and do not include stock-based compensation, amortization of purchased intangibles, and litigation settlement-related charges, as we exclude them from our internal management reporting processes. We find it useful to exclude these expenses when we assess the appropriate level of various operating expenses and resource allocations when budgeting, planning, and forecasting future periods.

Note 13. Information about Geographic Areas and Products

Information about Geographic AreasWe track and allocate revenues by principal geographic area rather than by individual country, which makes it impractical to disclose revenues for the United States or other specific foreign countries. We measure subscription services revenue primarily by the estimated location of the end users in each geographic area for our Commercial Solutions and primarily by the estimated location of usage in each geographic area for our R&D Solutions. We measure professional services revenue primarily by the location of the resources performing the professional services.Total revenues by geographic area were as follows for the periods shown below (in thousands):Three months ended October 31,Nine months ended October 31,2025202420252024Revenues by geographyNorth America$483,542 $414,474 $1,411,017 $1,192,044 Europe238,256 198,667 688,103 586,897 Asia Pacific71,140 68,655 206,638 195,974 Middle East, Africa, and Latin America18,298 17,411 53,602 50,818 Total revenues$811,236 $699,207 $2,359,360 $2,025,733 

Veeva Systems Inc. | Form 10-Q17

Table of Contents

Long-lived assets by geographic area are as follows as of the periods shown below (in thousands):October 31, 2025January 31, 2025Long-lived assets