Q3 2025 Earnings

Healthcare Medical - Healthcare Information Services

Income Statement

Revenue

$699M+13.4% YoY

Gross Profit

$525M75.1% margin

Operating Income

$181M25.9% margin

Net Income

$186M26.6% margin

EPS (Diluted)

$1.13

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

$164M

Free Cash Flow

$160M

Stock-Based Comp.

$118M

Balance Sheet

Total Assets

$6.5B

Total Liabilities

$951M

Stockholders' Equity

$5.5B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$699M	$617M	+13.4%
Gross Profit	$525M	$449M	+16.9%
Operating Income	$181M	$128M	+41.1%
Net Income	$186M	$135M	+37.5%

Revenue Segments

Subscription Services Veeva Research And Development

$302M43%

Subscription Services Veeva Commercial Cloud

$278M40%

Professional Services Veeva Research And Development

$73M10%

Professional Services Veeva Commercial Cloud

$46M7%

Geographic Segments

North America

$414M59%

Europe

$199M28%

Asia Pacific

$69M10%

Middle East, Africa, And Latin America

$17M2%