Company: VEEV
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001393052-25-000067
Chunk: 135

Company: VEEVA SYSTEMS INC
Filing Date: 2025-08-29
Form: 10-Q
Item: Part I, Item 1
Chunk 135
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ITEM 1.    FINANCIAL STATEMENTS.

VEEVA SYSTEMS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except number of shares and par value)

(Unaudited)

July 31,2025January 31,2025AssetsCurrent assets:Cash and cash equivalents$1,930,431 $1,118,785 Short-term investments4,473,282 4,031,442 Accounts receivable, net of allowance for credit losses of $602 and $57, respectively422,071 1,016,356 Unbilled accounts receivable50,348 40,761 Prepaid expenses and other current assets118,456 101,458 Total current assets6,994,588 6,308,802 Property and equipment, net61,210 55,912 Deferred costs, net25,899 26,383 Lease right-of-use assets71,538 63,863 Goodwill439,877 439,877 Intangible assets, net36,445 44,460 Deferred income taxes309,639 343,919 Other long-term assets60,231 56,540 Total assets$7,999,427 $7,339,756 Liabilities and stockholders’ equityCurrent liabilities:Accounts payable$33,578 $30,447 Accrued compensation and benefits40,647 39,429 Accrued expenses and other current liabilities58,807 35,557 Income tax payable3,662 9,024 Deferred revenue1,107,696 1,273,978 Lease liabilities10,663 9,969 Total current liabilities1,255,053 1,398,404 Deferred income taxes439 587 Long-term lease liabilities74,785 65,806 Other long-term liabilities30,611 42,586 Total liabilities1,360,888 1,507,383 Commitments and contingencies (note 11)Stockholders’ equity:Common stock2 2 Additional paid-in capital2,757,440 2,386,192 Accumulated other comprehensive loss(1,997)(8,416)Retained earnings3,883,094 3,454,595 Total stockholders’ equity6,638,539 5,832,373 Total liabilities and stockholders’ equity$7,999,427