VEEVA SYSTEMS INC

For the period ended Jan 31, 2024. Filed Mar 25, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 25, 2024

VEEV$306.40+0.9%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

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

	January 31,2024	January 31,2023
Assets
Current assets:
Cash and cash equivalents	$703,487	$886,465
Short-term investments	3,324,269	2,216,163
Accounts receivable, net of allowance for doubtful accounts of $520 and $469, respectively	852,172	703,055
Unbilled accounts receivable	36,365	82,174
Prepaid expenses and other current assets	86,918	81,456
Total current assets	5,003,211	3,969,313
Property and equipment, net	58,532	49,817
Deferred costs, net	23,916	31,825
Lease right-of-use assets	45,602	55,336
Goodwill	439,877	439,877
Intangible assets, net	63,017	82,476
Deferred income taxes	233,463	136,697
Other long-term assets	43,302	38,955
Total assets	$5,910,920	$4,804,296
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$31,513	$41,678
Accrued compensation and benefits	43,433	44,282
Accrued expenses and other current liabilities	32,980	35,306
Income tax payable	11,862	4,946
Deferred revenue	1,049,761	869,285
Lease liabilities	9,334	11,306
Total current liabilities	1,178,883	1,006,803
Deferred income taxes	2,052	1,492
Lease liabilities, noncurrent	46,441	49,670
Other long-term liabilities	38,720	30,079
Total liabilities	1,266,096	1,088,044
Commitments and contingencies (note 14)
Stockholders’ equity:
Class A common stock, $0.00001 par value; 800,000,000 shares authorized at January 31, 2024 and January 31, 2023. 161,260,172 and 143,693,009 issued and outstanding at January 31, 2024 and January 31, 2023, respectively(1)	2	2
Class B common stock, $0.00001 par value; 0 and 190,000,000 shares authorized at January 31, 2024 and January 31, 2023, respectively. 0 and 14,551,598 issued and outstanding at January 31, 2024 and January 31, 2023, respectively(1)	—	—
Additional paid-in capital	1,915,002	1,532,627
Accumulated other comprehensive loss	(10,637)	(31,129)
Retained earnings	2,740,457	2,214,752
Total stockholders’ equity	4,644,824	3,716,252
Total liabilities and stockholders’ equity	$5,910,920	$4,804,296
(1)Class B common stock was converted to Class A common stock on October 15, 2023. We refer to our Class A common stock as common stock. See note 11 Stockholders’ Equity.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.