VEEVA SYSTEMS INC
For the period ended Oct 31, 2024. Filed Dec 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 31, 2024 · Filed Dec 9, 2024
VEEV$306.40+0.9%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets
(In thousands, except number of shares and par value)
| October 31,2024 | January 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,044,511 | $703,487 |
| Short-term investments | 4,018,475 | 3,324,269 |
| Accounts receivable, net of allowance for doubtful accounts of $157 and $520, respectively | 255,817 | 852,172 |
| Unbilled accounts receivable | 45,472 | 36,365 |
| Prepaid expenses and other current assets | 82,885 | 86,918 |
| Total current assets | 5,447,160 | 5,003,211 |
| Property and equipment, net | 55,695 | 58,532 |
| Deferred costs, net | 22,515 | 23,916 |
| Lease right-of-use assets | 60,325 | 45,602 |
| Goodwill | 439,877 | 439,877 |
| Intangible assets, net | 48,527 | 63,017 |
| Deferred income taxes | 322,652 | 233,463 |
| Other long-term assets | 56,102 | 43,302 |
| Total assets | $6,452,853 | $5,910,920 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $31,845 | $31,513 |
| Accrued compensation and benefits | 34,634 | 43,433 |
| Accrued expenses and other current liabilities | 30,906 | 32,980 |
| Income tax payable | 10,803 | 11,862 |
| Deferred revenue | 739,657 | 1,049,761 |
| Lease liabilities | 9,156 | 9,334 |
| Total current liabilities | 857,001 | 1,178,883 |
| Deferred income taxes | 475 | 2,052 |
| Lease liabilities, noncurrent | 62,545 | 46,441 |
| Other long-term liabilities | 31,429 | 38,720 |
| Total liabilities | 951,450 | 1,266,096 |
| Commitments and contingencies (note 13) | ||
| Stockholders’ equity: | ||
| Common stock | 2 | 2 |
| Additional paid-in capital | 2,248,890 | 1,915,002 |
| Accumulated other comprehensive loss | (6,459) | (10,637) |
| Retained earnings | 3,258,970 | 2,740,457 |
| Total stockholders’ equity | 5,501,403 | 4,644,824 |
| Total liabilities and stockholders’ equity | $6,452,853 | $5,910,920 |
| 4 | Veeva Systems Inc. | Form 10-Q |
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