Q2 2025 Earnings

Healthcare Medical - Healthcare Information Services

Income Statement

Revenue

$676M+14.6% YoY

Gross Profit

$506M74.8% margin

Operating Income

$166M24.6% margin

Net Income

$171M25.3% margin

EPS (Diluted)

$1.04

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$93M

Free Cash Flow

$90M

Stock-Based Comp.

$108M

Balance Sheet

Total Assets

$6.3B

Total Liabilities

$1.1B

Stockholders' Equity

$5.2B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$676M	$590M	+14.6%
Gross Profit	$506M	$421M	+20.1%
Operating Income	$166M	$104M	+60.0%
Net Income	$171M	$112M	+53.2%

Revenue Segments

Subscription Services Veeva Research And Development

$289M43%

Subscription Services Veeva Commercial Cloud

$272M40%

Professional Services Veeva Research And Development

$70M10%

Professional Services Veeva Commercial Cloud

$45M7%

Geographic Segments

North America

$396M59%

Europe

$198M29%

Asia Pacific

$65M10%

Middle East, Africa, And Latin America

$17M3%