Veeva Systems Inc - Understand $veev stock

$VEEV Market Cap: $35.29 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$2.574B

TTM

Gross Margin

73.32%

TTM

Net Earnings

$615.3M

TTM

Current Assets

$5.368B

Q3 2024

Current Liabilities

$1.070B

Q3 2024

Current Ratio

501.46%

Q3 2024

Total Assets

$6.331B

Q3 2024

Total Liabilities

$1.146B

Q3 2024

Book Value

$5.185B

Q3 2024

Cash

$1.166B

Q3 2024

P/E

57.36

Sep 13, 2024 EST

Free Cash Flow

$971.6M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$2.364B	$2.155B	$1.851B	$1.465B	$1.104B	$862.2M	$690.6M	$550.5M	$409.2M	$313.2M	$210.2M	$129.5M	$61.26M	$29.10M
YoY Change	9.68%	16.44%	26.33%	32.7%	28.05%	24.86%	25.43%	34.53%	30.65%	49.05%	62.22%	111.47%	110.52%	120.45%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$2.364B	$2.155B	$1.851B	$1.465B	$1.104B	$862.2M	$690.6M	$550.5M	$409.2M	$313.2M	$210.2M	$129.5M	$61.26M	$29.10M
Cost Of Revenue	$677.3M	$609.4M	$503.7M	$408.9M	$303.4M	$245.3M	$211.4M	$173.7M	$142.2M	$115.7M	$82.60M	$57.02M	$29.06M	$12.30M
Gross Profit	$1.686B	$1.546B	$1.347B	$1.056B	$800.7M	$616.9M	$479.1M	$370.4M	$267.0M	$197.6M	$127.5M	$72.53M	$32.21M	$16.80M
Gross Profit Margin	71.35%	71.72%	72.79%	72.09%	72.52%	71.55%	69.38%	67.27%	65.25%	63.07%	60.69%	55.99%	52.57%	57.73%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$613.7M	$552.0M	$459.6M	$384.1M	$304.6M	$235.3M	$189.2M	$165.6M	$122.4M	$86.44M	$61.92M	$27.86M	$17.82M	$8.100M
YoY Change	11.18%	20.1%	19.64%	26.11%	29.46%	24.36%	14.22%	35.28%	41.65%	39.61%	122.24%	56.36%	119.98%	80.0%
% of Gross Profit	36.39%	35.71%	34.12%	36.37%	38.04%	38.14%	39.49%	44.72%	45.86%	43.75%	48.54%	38.41%	55.33%	48.21%
Research & Development	$628.9M	$520.2M	$382.0M	$294.2M	$209.9M	$158.8M	$132.0M	$96.75M	$65.98M	$41.16M	$26.33M	$14.64M	$7.750M	$3.600M
YoY Change	20.91%	36.16%	29.85%	40.17%	32.19%	20.27%	36.45%	46.64%	60.31%	56.33%	79.85%	88.88%	115.28%	100.0%
% of Gross Profit	37.29%	33.65%	28.36%	27.86%	26.21%	25.74%	27.55%	26.12%	24.71%	20.83%	20.64%	20.18%	24.06%	21.43%
Depreciation & Amortization	$32.63M	$29.12M	$7.000M	$9.000M	$9.000M	$6.000M	$5.900M	$4.900M	$3.100M	$1.400M	$900.0K	$500.0K	$300.0K	$200.0K
YoY Change	12.04%	316.03%	-22.22%	0.0%	50.0%	1.69%	20.41%	58.06%	121.43%	55.56%	80.0%	66.67%	50.0%
% of Gross Profit	1.93%	1.88%	0.52%	0.85%	1.12%	0.97%	1.23%	1.32%	1.16%	0.71%	0.71%	0.69%	0.93%	1.19%
Operating Expenses	$1.257B	$1.087B	$841.6M	$678.3M	$514.5M	$394.1M	$321.2M	$262.4M	$188.4M	$127.6M	$88.25M	$42.50M	$25.57M	$11.70M
YoY Change	15.69%	29.11%	24.07%	31.85%	30.56%	22.68%	22.41%	39.26%	47.67%	44.6%	107.64%	66.22%	118.53%	85.71%
Operating Profit	$429.3M	$459.1M	$505.5M	$377.8M	$286.2M	$222.9M	$157.9M	$108.0M	$78.59M	$69.97M	$39.30M	$30.03M	$6.638M	$5.100M
YoY Change	-6.48%	-9.18%	33.8%	31.99%	28.43%	41.12%	46.27%	37.38%	12.32%	78.01%	30.87%	352.44%	30.16%	466.67%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$133.9M	$45.86M	$14.73M	$15.86M	$25.19M	$15.39M	$8.383M	$4.477M	$4.617M	$3.537M	$502.0K	$148.0K
YoY Change	191.91%	211.34%	-7.12%	-37.03%	63.67%	83.56%	87.25%	-3.03%	30.53%	604.58%	239.19%
% of Operating Profit	31.18%	9.99%	2.91%	4.2%	8.8%	6.9%	5.31%	4.15%	5.87%	5.06%	1.28%	0.49%
Other Income/Expense, Net	$158.7M	$50.01M	$6.815M	$16.20M	$27.48M	$15.78M	$7.842M	$1.667M	$28.00K	-$2.780M	-$804.0K	-$940.0K	$15.00K	$200.0K
YoY Change	217.35%	633.75%	-57.93%	-41.05%	74.16%	101.19%	370.43%	5853.57%	-101.01%	245.77%	-14.47%	-6366.67%	-92.5%	100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	$588.0M	$509.1M	$512.3M	$394.0M	$313.7M	$238.6M	$165.8M	$109.6M	$78.62M	$67.19M	$38.50M	$29.09M	$6.653M	$5.300M
YoY Change	15.5%	-0.63%	30.03%	25.6%	31.45%	43.96%	51.2%	39.45%	17.01%	74.51%	32.33%	337.29%	25.53%	430.0%
Income Tax	$62.32M	$21.39M	$84.92M	$14.00M	$12.58M	$8.811M	$14.59M	$44.78M	$24.16M	$26.80M	$14.89M	$10.31M	$2.423M	$1.400M
% Of Pretax Income	10.6%	4.2%	16.58%	3.55%	4.01%	3.69%	8.8%	40.85%	30.73%	39.89%	38.66%	35.44%	36.42%	26.42%
Net Earnings	$525.7M	$487.7M	$427.4M	$380.0M	$301.1M	$229.8M	$151.2M	$77.57M	$54.46M	$40.38M	$23.62M	$18.78M	$4.230M	$3.900M
YoY Change	7.79%	14.11%	12.47%	26.2%	31.02%	52.03%	94.89%	42.44%	34.86%	71.01%	25.73%	344.04%	8.46%	333.33%
Net Earnings / Revenue	22.24%	22.63%	23.09%	25.94%	27.27%	26.66%	21.89%	14.09%	13.31%	12.89%	11.24%	14.5%	6.9%	13.4%
Basic Earnings Per Share	$3.27	$3.14	$2.79	$2.52	$2.04	$1.59	$1.08	$0.57	$0.41	$0.31	$0.20	$0.17	$0.03
Diluted Earnings Per Share	$3.22	$3.00	$2.63	$2.36	$1.90	$1.47	$0.98	$0.53	$0.38	$0.28	$0.15	$0.11	$0.02	$193.1K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$4.028B	$3.103B	$2.376B	$1.664B	$1.087B	$1.090B	$762.0M	$518.9M	$346.2M	$397.9M	$288.1M	$46.20M	$16.90M
YoY Change	29.82%	30.58%	42.83%	53.09%	-0.32%	43.07%	46.85%	49.88%	-12.99%	38.11%	523.59%	173.37%
Cash & Equivalents	$703.5M	$886.5M	$1.138B	$730.5M	$476.7M	$551.0M	$320.2M	$217.6M	$132.2M	$129.3M	$262.5M	$31.90M	$16.90M
Short-Term Investments	$3.324B	$2.216B	$1.238B	$933.1M	$610.0M	$539.2M	$441.8M	$301.3M	$214.0M	$268.6M	$25.60M	$14.30M	$0.00
Other Short-Term Assets	$86.92M	$81.46M	$36.68M	$35.60M	$21.90M	$21.70M	$12.40M	$10.20M	$10.00M	$11.30M	$7.200M	$2.300M	$900.0K
YoY Change	6.71%	122.08%	3.03%	62.56%	0.92%	75.0%	21.57%	2.0%	-11.5%	56.94%	213.04%	155.56%
Inventory
Prepaid Expenses
Receivables	$888.5M	$785.2M	$694.4M	$611.6M	$422.5M	$321.6M	$238.0M	$182.8M	$144.8M	$92.70M	$58.40M	$37.10M	$20.60M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.400M	$1.300M
Total Short-Term Assets	$5.003B	$3.969B	$3.107B	$2.311B	$1.531B	$1.433B	$1.012B	$711.9M	$501.0M	$501.8M	$353.7M	$86.90M	$39.70M
YoY Change	26.05%	27.75%	34.46%	50.92%	6.82%	41.58%	42.21%	42.1%	-0.16%	41.87%	307.02%	118.89%
Property, Plant & Equipment	$104.1M	$105.2M	$104.1M	$110.6M	$103.9M	$55.00M	$52.30M	$49.90M	$47.50M	$28.20M	$2.400M	$1.400M	$800.0K
YoY Change	-0.97%	0.98%	-5.85%	6.45%	88.91%	5.16%	4.81%	5.05%	68.44%	1075.0%	71.43%	75.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$300.7M	$207.5M	$63.33M	$74.10M	$63.60M	$45.10M	$38.30M	$20.50M	$13.10M	$3.900M	$1.100M	$700.0K	$300.0K
YoY Change	44.92%	227.61%	-14.53%	16.51%	41.02%	17.75%	86.83%	56.49%	235.9%	254.55%	57.14%	133.33%
Total Long-Term Assets	$907.7M	$835.0M	$709.3M	$735.3M	$740.7M	$220.4M	$217.9M	$205.5M	$204.8M	$43.10M	$16.60M	$2.900M	$1.700M
YoY Change	8.71%	17.72%	-3.54%	-0.73%	236.07%	1.15%	6.03%	0.34%	375.17%	159.64%	472.41%	70.59%
Total Assets	$5.911B	$4.804B	$3.816B	$3.046B	$2.272B	$1.654B	$1.230B	$917.4M	$705.8M	$544.9M	$370.3M	$89.80M	$41.40M
YoY Change
Accounts Payable	$31.51M	$41.68M	$20.35M	$23.30M	$19.40M	$9.100M	$6.900M	$5.700M	$4.600M	$3.900M	$2.100M	$3.300M	$1.500M
YoY Change	-24.39%	104.83%	-12.67%	20.1%	113.19%	31.88%	21.05%	23.91%	17.95%	85.71%	-36.36%	120.0%
Accrued Expenses	$85.75M	$90.89M	$80.92M	$72.70M	$56.20M	$31.50M	$30.20M	$24.30M	$23.50M	$15.40M	$16.70M	$7.000M	$6.800M
YoY Change	-5.66%	12.32%	11.31%	29.36%	78.41%	4.3%	24.28%	3.4%	52.6%	-7.78%	138.57%	2.94%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due				$400.0K	$1.100M
YoY Change				-63.64%
Total Short-Term Liabilities	$1.179B	$1.007B	$840.8M	$716.0M	$551.2M	$401.0M	$306.2M	$246.8M	$186.3M	$135.5M	$86.60M	$54.30M	$26.20M
YoY Change	17.09%	19.75%	17.43%	29.9%	37.46%	30.96%	24.07%	32.47%	37.49%	56.47%	59.48%	107.25%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$400.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change				-100.0%
Other Long-Term Liabilities	$85.16M	$79.75M	$61.83M	$62.00M	$52.20M	$8.900M	$7.000M	$5.000M	$3.600M	$2.500M	$3.600M	$1.100M	$700.0K
YoY Change	6.79%	28.97%	-0.27%	18.77%	486.52%	27.14%	40.0%	38.89%	44.0%	-30.56%	227.27%	57.14%
Total Long-Term Liabilities	$85.16M	$79.75M	$61.83M	$62.00M	$52.60M	$8.900M	$7.000M	$5.000M	$3.600M	$2.500M	$3.600M	$1.100M	$700.0K
YoY Change	6.79%	28.97%	-0.27%	17.87%	491.01%	27.14%	40.0%	38.89%	44.0%	-30.56%	227.27%	57.14%
Total Liabilities	$1.266B	$1.088B	$904.8M	$779.7M	$606.2M	$416.0M	$324.1M	$264.7M	$200.6M	$138.1M	$90.20M	$55.90M	$27.30M
YoY Change	16.36%	20.25%	16.05%	28.62%	45.72%	28.36%	22.44%	31.95%	45.26%	53.1%	61.36%	104.76%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	160.5M shares	155.4M shares	153.3M shares	150.7M shares	147.8M shares	144.2M shares	140.3M shares	135.7M	132.0M	127.7M	51.73M	20.89M shares	17.66M shares
Diluted Shares Outstanding	163.5M shares	162.4M shares	162.3M shares	160.7M shares	158.3M shares	156.1M shares	153.7M shares	147.6M	145.0M	144.2M	68.02M	30.60M shares	24.78M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $35.293 Billion

About VEEVA SYSTEMS INC

Veeva Systems, Inc. engages in the provision of industry cloud solutions for the global life sciences industry. The company is headquartered in Pleasanton, California and currently employs 7,172 full-time employees. The company went IPO on 2013-10-16. The firm offers span cloud software, data, and business consulting and is designed to meet the needs of its customers and their strategic business functions from research and development (R&D) through commercialization. The Company’s three product categories: Veeva Development Cloud, Veeva Commercial Cloud, and Veeva Data Cloud. Veeva Development Cloud includes application suites for the clinical, regulatory, and safety functions of life sciences companies, all built on its Veeva Vault platform. Veeva Vault Clinical advances clinical trial execution by providing a complete and connected technology ecosystem. Veeva Commercial Cloud is a product category comprised of software and analytics solutions. Its software offerings include Veeva CRM, Veeva Vault PromoMats, Veeva Vault Medical, and Veeva Crossix. Its data offerings include Veeva OpenData, Veeva Link, and Veeva Compass.

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