VEEV FY 2025 Earnings Report — Veeva Systems Inc. Revenue & Financial Results | Market Cap Arena

Veeva Systems Inc.VEEV

FY 2025 Earnings

Reported March 24, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.4B	—	16.2%
Op. Income	$691M	—	$429M	—	61.0%
Gross Margin	74.5%	—	71.3%	—	3.2pp
Net Margin	26.0%	—	22.2%	—	3.8pp
EPS (Diluted)	$4.32	—	$3.22	—	34.2%
Free Cash Flow	$1.1B	—	$885M	—	20.8%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$700M
GROSS PROFIT	$2.0B
R&D Expenses	$693M
Selling & Marketing	$397M
General & Administrative	$266M
SG&A Expenses	$662M
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$2.1B
OPERATING INCOME	$691M
Interest Income	$208M
Interest Expense	$0
Other Income/Expenses	$228M
INCOME BEFORE TAX	$919M
Income Tax Expense	$205M
Net Income from Continuing Ops	$714M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$714M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$714M
D&A	$39M
EBIT	$691M
EBITDA	$731M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$700M
GROSS PROFIT	$2.0B
R&D Expenses	$693M
Selling & Marketing	$397M
General & Administrative	$266M
SG&A Expenses	$662M
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$2.1B
OPERATING INCOME	$691M
Interest Income	$208M
Interest Expense	$0
Other Income/Expenses	$228M
INCOME BEFORE TAX	$919M
Income Tax Expense	$205M
Net Income from Continuing Ops	$714M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$714M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$714M
D&A	$39M
EBIT	$691M
EBITDA	$731M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$714M
Depreciation & Amortization	$51M
Stock-Based Compensation	$0
Deferred Income Tax	-$112M
Other Non-Cash Items	$430M
Change in Working Capital	$8M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$21M
Acquisitions (Net)	$0
Purchases of Investments	-$2.6B
Sales/Maturities of Investments	$1.9B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$700M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$79M
NET CASH FROM FINANCING	$26M
FREE CASH FLOW	$1.1B
Net Change in Cash	$414M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$4.0B
Net Receivables	$1.1B
Inventory	$0
Other Current Assets	$101M
TOTAL CURRENT ASSETS	$6.3B
PP&E (Net)	$120M
Goodwill	$440M
Intangible Assets	$44M
Long-Term Investments	$0
Tax Assets	$344M
Other Non-Current Assets	$83M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$7.3B
Account Payables	$30M
Short-Term Debt	$0
Deferred Revenue	$1.3B
Other Current Liabilities	$19M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$587.0K
Other Non-Current Liabilities	$43M
TOTAL NON-CURRENT LIABILITIES	$109M
TOTAL LIABILITIES	$1.5B
Common Stock	$2.0K
Additional Paid-In Capital	$2.4B
Retained Earnings	$3.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.8B
Minority Interest	$0
TOTAL EQUITY	$5.8B
TOTAL LIABILITIES & EQUITY	$7.3B
Total Debt	$76M
Net Debt	-$1.0B