Q4 2025 Earnings

Healthcare Medical - Healthcare Information Services

Income Statement

Revenue

$721M+14.3% YoY

Gross Profit

$540M74.9% margin

Operating Income

$188M26.1% margin

Net Income

$196M27.1% margin

EPS (Diluted)

$1.17

QoQ Revenue Growth

+3.1%

Cash Flow

Operating Cash Flow

$70M

Free Cash Flow

$65M

Stock-Based Comp.

Balance Sheet

Total Assets

$7.3B

Total Liabilities

$1.5B

Stockholders' Equity

$5.8B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$721M	$631M	+14.3%
Gross Profit	$540M	$457M	+18.2%
Operating Income	$188M	$135M	+39.3%
Net Income	$196M	$147M	+32.7%

Revenue Segments

Subscription Services Veeva Research And Development

$315M44%

Subscription Services Veeva Commercial Cloud

$293M41%

Professional Services Veeva Research And Development

$67M9%

Professional Services Veeva Commercial Cloud

$46M6%

Geographic Segments

North America

$430M60%

Europe

$204M28%

Asia Pacific

$70M10%

Middle East, Africa, And Latin America

$18M2%