$VEEV
VEEVA SYSTEMS INC

2024 Q4 Form 10-Q Financial Statement

#000139305224000075 Filed on December 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q4
Revenue $699.2M
YoY Change 13.41%
Cost Of Revenue $174.4M
YoY Change 4.0%
Gross Profit $524.8M
YoY Change 16.93%
Gross Profit Margin 75.06%
Selling, General & Admin $171.1M
YoY Change 7.54%
% of Gross Profit 32.59%
Research & Development $172.4M
YoY Change 6.9%
% of Gross Profit 32.85%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $343.5M
YoY Change 7.22%
Operating Profit $181.4M
YoY Change 41.14%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $60.94M
YoY Change 44.44%
Pretax Income $242.3M
YoY Change 41.96%
Income Tax $56.48M
% Of Pretax Income 23.31%
Net Earnings $185.8M
YoY Change 37.47%
Net Earnings / Revenue 26.57%
Basic Earnings Per Share $1.15
Diluted Earnings Per Share $1.13
COMMON SHARES
Basic Shares Outstanding 162.0M shares
Diluted Shares Outstanding 165.0M shares

Balance Sheet

Concept 2024 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.063B
YoY Change 28.43%
Cash & Equivalents $1.045B
Short-Term Investments $4.018B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $255.8M
Other Receivables
Total Short-Term Assets $5.447B
YoY Change 25.63%
LONG-TERM ASSETS
Property, Plant & Equipment $55.70M
YoY Change -3.3%
Goodwill $440.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $56.10M
YoY Change 46.1%
Total Long-Term Assets $1.006B
YoY Change 13.0%
TOTAL ASSETS
Total Short-Term Assets $5.447B
Total Long-Term Assets $1.006B
Total Assets $6.453B
YoY Change 23.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.85M
YoY Change -12.12%
Accrued Expenses
YoY Change
Deferred Revenue $739.7M
YoY Change 14.77%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $857.0M
YoY Change 11.55%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $31.43M
YoY Change 9.98%
Total Long-Term Liabilities $31.43M
YoY Change 9.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $857.0M
Total Long-Term Liabilities $31.43M
Total Liabilities $951.5M
YoY Change 12.46%
SHAREHOLDERS EQUITY
Retained Earnings $3.259B
YoY Change 25.68%
Common Stock $2.249B
YoY Change 23.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.501B
YoY Change
Total Liabilities & Shareholders Equity $6.453B
YoY Change 23.48%

Cashflow Statement

Concept 2024 Q4
OPERATING ACTIVITIES
Net Income $185.8M
YoY Change 37.47%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Document Type
DocumentType
10-Q
dei Entity Registrant Name
EntityRegistrantName
Veeva Systems Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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dei Entity Address Address Line1
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4280 Hacienda Drive
dei Entity Address City Or Town
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Pleasanton
dei Entity Address State Or Province
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CA
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dei Security12b Title
Security12bTitle
Class A Common Stock,par value $0.00001 per share
dei Trading Symbol
TradingSymbol
VEEV
dei Security Exchange Name
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us-gaap Share Based Compensation
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us-gaap Net Cash Provided By Used In Financing Activities
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CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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us-gaap Amortization Of Deferred Charges
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us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
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us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2024Q1 us-gaap Property Plant And Equipment Net
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CY2024Q1 us-gaap Goodwill
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FiniteLivedIntangibleAssetsAccumulatedAmortization
128515000 usd
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CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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14147000 usd
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FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
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FiniteLivedIntangibleAssetsNet
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EmployeeRelatedLiabilitiesCurrent
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AccruedLiabilitiesAndOtherLiabilities
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CY2024Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
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EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Contract With Customer Liability Revenue Recognized
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OperatingLeaseExpense
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OperatingLeaseExpense
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us-gaap Operating Lease Expense
OperatingLeaseExpense
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us-gaap Operating Lease Expense
OperatingLeaseExpense
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us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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3839000 usd
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OperatingLeaseWeightedAverageDiscountRatePercent
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OperatingLeaseWeightedAverageDiscountRatePercent
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CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2962000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12388000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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CY2024Q4 veev Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
43001000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
88393000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16692000 usd
CY2024Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
626000000 usd
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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226.50
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
161.96
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
210.16
CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
619000000 usd
CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
132.76
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
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CY2024Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
526000000 usd
CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
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CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
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177.29
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
619000000 usd
CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
98.61
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
80.54
CY2024Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
533000000 usd
CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7000000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
22000000 usd
veev Share Based Compensation Arrangement By Share Based Payment Award Options Vesting Increments
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestingIncrements
5 vesting_increment
CY2024Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
185808000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
518513000 usd
CY2024Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
161987000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
161707000 shares
CY2024Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.21
CY2024Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
185808000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
518513000 usd
CY2024Q4 veev Reallocation Of Net Income Loss Available To Common Stockholders Basic
ReallocationOfNetIncomeLossAvailableToCommonStockholdersBasic
0 usd
veev Reallocation Of Net Income Loss Available To Common Stockholders Basic
ReallocationOfNetIncomeLossAvailableToCommonStockholdersBasic
0 usd
CY2024Q4 veev Reallocation Of Net Income
ReallocationOfNetIncome
0 usd
veev Reallocation Of Net Income
ReallocationOfNetIncome
0 usd
CY2024Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
185808000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
518513000 usd
CY2024Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
161987000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
161707000 shares
CY2024Q4 veev Incremental Common Shares Attributable To Conversion Of Common Stock
IncrementalCommonSharesAttributableToConversionOfCommonStock
0 shares
veev Incremental Common Shares Attributable To Conversion Of Common Stock
IncrementalCommonSharesAttributableToConversionOfCommonStock
0 shares
CY2024Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2992000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3131000 shares
CY2024Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164979000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164838000 shares
CY2024Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.15
CY2024Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10234000 shares
CY2023Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6340000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8621000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6616000 shares
CY2024Q4 veev Number Of Product Areas
NumberOfProductAreas
2 product_area
CY2024Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
699207000 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
616505000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2025733000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1733055000 usd
CY2024Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
699207000 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
616505000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2025733000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1733055000 usd
CY2024Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
55695000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
58532000 usd
CY2024Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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