VEEVA SYSTEMS INC
For the period ended Apr 30, 2025. Filed Jun 2, 2025.
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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.
Apr 30, 2025 · Filed Jun 2, 2025
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)
| April 30,2025 | January 31,2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,964,982 | $1,118,785 |
| Short-term investments | 4,103,435 | 4,031,442 |
| Accounts receivable, net of allowance for credit losses of $563 and $57, respectively | 492,845 | 1,016,356 |
| Unbilled accounts receivable | 48,433 | 40,761 |
| Prepaid expenses and other current assets | 97,839 | 101,458 |
| Total current assets | 6,707,534 | 6,308,802 |
| Property and equipment, net | 58,509 | 55,912 |
| Deferred costs, net | 26,395 | 26,383 |
| Lease right-of-use assets | 63,716 | 63,863 |
| Goodwill | 439,877 | 439,877 |
| Intangible assets, net | 40,519 | 44,460 |
| Deferred income taxes | 366,241 | 343,919 |
| Other long-term assets | 62,286 | 56,540 |
| Total assets | $7,765,077 | $7,339,756 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $37,416 | $30,447 |
| Accrued compensation and benefits | 39,077 | 39,429 |
| Accrued expenses and other current liabilities | 31,850 | 35,557 |
| Income tax payable | 91,369 | 9,024 |
| Deferred revenue | 1,246,235 | 1,273,978 |
| Lease liabilities | 10,666 | 9,969 |
| Total current liabilities | 1,456,613 | 1,398,404 |
| Deferred income taxes | 526 | 587 |
| Long-term lease liabilities | 66,565 | 65,806 |
| Other long-term liabilities | 30,275 | 42,586 |
| Total liabilities | 1,553,979 | 1,507,383 |
| Commitments and contingencies (note 11) | ||
| Stockholders’ equity: | ||
| Common stock | 2 | 2 |
| Additional paid-in capital | 2,519,398 | 2,386,192 |
| Accumulated other comprehensive income (loss) | 8,913 | (8,416) |
| Retained earnings | 3,682,785 | 3,454,595 |
| Total stockholders’ equity | 6,211,098 | 5,832,373 |
| Total liabilities and stockholders’ equity | $7,765,077 | $7,339,756 |
| 4 | Veeva Systems Inc. | Form 10-Q |
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