VEEVA SYSTEMS INC
Business
Veeva Systems is the leading provider of industry cloud solutions for the global life sciences industry, offering cloud software, data, and business consulting across research and development, quality, manufacturing, and commercialization. Its product portfolio includes Veeva Development Cloud for clinical, regulatory, and safety functions; Veeva Quality Cloud for quality management and manufacturing; Veeva Commercial Cloud for sales, marketing, and medical affairs; and Veeva Data Cloud for reference, deep, and transaction data. Veeva serves pharmaceutical, biotechnology, medical device, and contract research organizations globally, delivering solutions through direct sales, professional services, and business consulting.
Summary from 10-K filed 2026-03-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 | FY 2022 2022-01-31 |
|---|---|---|---|---|---|---|
| Total revenues | 3,195 | 2,747 | 2,364 | 2,155 | 1,851 | |
| Total cost of revenues | 782 | 700 | 677 | 609 | 504 | |
| Gross profit | 2,413 | 2,047 | 1,686 | 1,546 | 1,347 | |
| Research and development | 767 | 693 | 629 | 520 | 382 | |
| Sales and marketing | 429 | 397 | 381 | 349 | 288 | |
| General and administrative | 301 | 266 | 247 | 218 | 172 | |
| Total operating expenses | 1,497 | 1,356 | 1,257 | 1,087 | 842 | |
| Operating income | 916 | 691 | 429 | 459 | 505 | |
| Other income, net | 278 | 228 | 159 | 50 | 7 | |
| Income before income taxes | 1,195 | 919 | 588 | 509 | 512 | |
| Income tax provision | 286 | 205 | 62 | 21 | 85 | |
| Net income | 909 | 714 | 526 | 488 | 427 | |
| Basic (in usd per share) | 5.55 | 4.41 | 3.27 | 3.14 | 2.79 | |
| Diluted (in usd per share) | 5.44 | 4.32 | 3.22 | 3 | 2.63 | |
| Basic (in shares) | 164 | 162 | 161 | 155 | 153 | |
| Diluted (in shares) | 167 | 165 | 163 | 162 | 162 | |
| Net change in unrealized gain on available-for-sale investments | 17 | 4 | 22 | −15 | −10 | |
| Net change in cumulative foreign currency translation loss | −786,000 | −2 | −2 | −4 | −3 | |
| Comprehensive income | 925 | 716 | 546 | 469 | 414 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 | FY 2022 2022-01-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,421 | 1,119 | 703 | 886 | 1,138 | |
| Short-term investments | 5,140 | 4,031 | 3,324 | 2,216 | 1,238 | |
| Accounts receivable, net of allowance for credit losses of $256 and $57, respectively | 1,260 | 1,016 | 852 | 703 | 631 | |
| Unbilled accounts receivable | 51 | 41 | 36 | 82 | 63 | |
| Prepaid expenses and other current assets | 126 | 101 | 87 | 81 | 37 | |
| Total current assets | 7,998 | 6,309 | 5,003 | 3,969 | 3,107 | |
| Property and equipment, net | 70 | 56 | 59 | 50 | 54 | |
| Deferred costs, net | 30 | 26 | 24 | 32 | 33 | |
| Lease right-of-use assets | 76 | 64 | 46 | 55 | 50 | |
| Goodwill | 440 | 440 | 440 | 440 | 440 | |
| Intangible assets, net | 30 | 44 | 63 | 82 | 102 | |
| Deferred income taxes | 273 | 344 | 233 | 137 | 5 | |
| Other long-term assets | 62 | 57 | 43 | 39 | 25 | |
| Total assets | 8,979 | 7,340 | 5,911 | 4,804 | 3,816 | |
| Accounts payable | 38 | 30 | 32 | 42 | 20 | |
| Accrued compensation and benefits | 46 | 39 | 43 | 44 | 34 | |
| Accrued expenses and other current liabilities | 46 | 36 | 33 | 35 | 36 | |
| Income tax payable | 7 | 9 | 12 | 5 | 8 | |
| Deferred revenue | 1,489 | 1,274 | 1,050 | 869 | 732 | |
| Lease liabilities | 12 | 10 | 9 | 11 | 11 | |
| Total current liabilities | 1,637 | 1,398 | 1,179 | 1,007 | 841 | |
| Deferred income taxes | 558,000 | 587,000 | 2 | 1 | 2 | |
| Long-term lease liabilities | 84 | 66 | 46 | 50 | 44 | |
| Other long-term liabilities | 43 | 43 | 39 | 30 | 18 | |
| Total liabilities | 1,765 | 1,507 | 1,266 | 1,088 | 905 | |
| Commitments and contingencies (note 13) | — | — | — | — | — | |
| Common stock | 2,000 | 2,000 | 2,000 | — | — | |
| Additional paid-in capital | 2,843 | 2,386 | 1,915 | 1,533 | 1,197 | |
| Accumulated other comprehensive income (loss) | 8 | −8 | −11 | −31 | −12 | |
| Retained earnings | 4,364 | 3,455 | 2,740 | 2,215 | 1,727 | |
| Total stockholders equity | 7,215 | 5,832 | 4,645 | 3,716 | 2,912 | |
| Total liabilities and stockholders equity | 8,979 | 7,340 | 5,911 | 4,804 | 3,816 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 | FY 2022 2022-01-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 38 | 39 | 33 | 29 | 27 | |
| Reduction of lease right-of-use assets | 12 | 12 | 12 | 12 | 11 | |
| Accretion of discount on short-term investments | −10 | −24 | −27 | −4 | 6 | |
| Stock-based compensation | 473 | 437 | 394 | 352 | 235 | |
| Amortization of deferred costs | 16 | 16 | 18 | 22 | 26 | |
| Deferred income taxes | 65 | −112 | −105 | −128 | 11 | |
| Other, net | 3 | 1 | 471,000 | 1 | — | |
| Accounts receivable | −245 | −165 | −150 | −72 | −67 | |
| Unbilled accounts receivable | −10 | −4 | 46 | −19 | −16 | |
| Deferred costs | −20 | −18 | −10 | −21 | −17 | |
| Prepaid expenses and other current and long-term assets | −34 | −17 | 414,000 | −47 | −3 | |
| Accounts payable | 6 | −2 | −10 | 21 | −3 | |
| Accrued expenses and other current liabilities | 3 | −1 | −4 | 9 | 9 | |
| Income tax payable | −2 | −3 | 7 | −3 | 5 | |
| Deferred revenue | 213 | 228 | 188 | 140 | 116 | |
| Lease liabilities | −6 | −10 | −7 | −11 | −12 | |
| Other long-term liabilities | 2 | 246,000 | 956,000 | 9 | 7 | |
| Net cash provided by operating activities | 1,415 | 1,090 | 911 | 780 | 764 | |
| Purchases of short-term investments | −3,133 | −2,582 | −2,698 | −1,997 | −1,117 | |
| Maturities and sales of short-term investments | 2,058 | 1,902 | 1,648 | 1,003 | 793 | |
| Long-term assets | −29 | −21 | −26 | −14 | −14 | |
| Net cash used in investing activities | −1,104 | −700 | −1,076 | −1,008 | −346 | |
| Proceeds from exercise of common stock options | 254 | 106 | 63 | 44 | 52 | |
| Repurchases of common stock | −170 | 0 | 0 | — | — | |
| Taxes paid related to net share settlement of equity awards | −93 | −79 | −79 | −63 | −55 | |
| Net cash (used in) provided by financing activities | −9 | 26 | −16 | −19 | −4 | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 919,000 | −2 | −2 | −5 | −5 | |
| Net change in cash, cash equivalents, and restricted cash | 302 | 414 | −183 | −252 | 410 | |
| Cash paid for income taxes, net of refunds | 230 | 322 | 134 | 168 | 59 | |
| Excess tax benefits from employee stock plans | 25 | 9 | 71 | 82 | 56 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is VEEVA SYSTEMS INC's CIK number?
VEEVA SYSTEMS INC's SEC CIK number is 0001393052 (1393052). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find VEEVA SYSTEMS INC's SEC filings?
All of VEEVA SYSTEMS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did VEEVA SYSTEMS INC last report earnings?
VEEVA SYSTEMS INC (VEEV) most recently filed an earnings 8-K with the SEC on Jun 3, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001393052-26-000022). This is VEEVA SYSTEMS INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is VEEVA SYSTEMS INC's most recent earnings 8-K?
VEEVA SYSTEMS INC's latest earnings 8-K (Item 2.02) was filed Jun 3, 2026 under accession 0001393052-26-000022. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View VEEVA SYSTEMS INC's latest earnings 8-K →
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