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Veeva Systems Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Veeva Systems holds $9.0B in total assets. Shareholders' equity is $7.2B against $95.9M in total debt. Cash and equivalents total $1.4B. The current ratio is 4.89 and debt-to-equity is 0.013. Based on the Q1 2026 filing.

Total Assets$9.0BTotal Stockholders Equity$7.2BCash And Equivalents$1.4BTotal Current Assets$8.0BTotal Current Liabilities$1.6B
Latest FilingQ1 2026
Report Date2026-03-20
Market Cap$26.7B
P/E Ratio29.42
ROE13.93%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$31.8M$30.4M$37.4M$33.6M$32.7M$37.6M
Accrued expenses$34.6M$39.4M$39.1M$40.6M$41.5M$45.9M
Accrued Manufacturing Costs$34.6M$39.4M$39.1M$40.6M$41.5M$45.9M
Accrued Income Taxes, Current$10.8M$9.0M$91.4M$3.7M$6.0M$6.7M
Compensation and benefits$34.6M$39.4M$39.1M$40.6M$41.5M$45.9M
Deferred revenue$739.7M$1.3B$1.2B$1.1B$822.5M$1.5B
Income taxes payable$5.2M$9.0M$91.4M$3.7M$6.0M$6.7M
Lease Liability Payments - 2020 (Remaining Three Months)$3.0M—$6.0M$2.1M$453.0K—
Operating Lease Liability Payments - 2024 (Lessee)$12.4M—$15.0M$17.2M$17.5M—
Operating Lease Liability Payments - 2025 (Lessee)$9.6M—$10.5M$12.3M$12.7M—
Lease Liability Payments - Due Year Two$12.4M—$15.0M$17.2M$17.5M—
Lease Liability Payments - Due Year Three$12.7M—$11.4M$13.4M$13.6M—
Lease Liability Payments - Due Year Four$9.6M—$10.5M$12.3M$12.7M—
Lease Liability Payments - Remainder of Fiscal Year$7.7M—$14.4M$15.4M$14.3M—
Operating lease liabilities, current$9.2M$10.0M$10.7M$10.7M$10.5M$12.2M
Operating Lease Liability Payments Due$88.4M—$94.0M$104.6M$110.2M—
Operating Lease Liability - Undiscounted Excess Amount$16.7M—$16.8M$19.2M$20.4M—
Total current liabilities$857.0M$1.4B$1.5B$1.3B$944.9M$1.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$255.8M$1.0B$492.8M$422.1M$314.2M$1.3B
Available-for-Sale Debt Securities - Amortized Cost$4.0B$4.0B$4.1B$4.5B$4.9B—
Available-for-Sale Debt Securities - Unrealized Loss Position (>=12 Months)—$289.2M$122.6M$47.7M$45.9M—
AFS and Trading Securities - Unrealized Loss Position (>=12 Months)—$289.2M$122.6M$47.7M$45.9M—
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value—$1.2B$667.7M$1.4B$879.6M—
Available-for-Sale Debt Securities - Unrealized Loss Position (<12 Months)—$1.2B$667.7M$1.4B$879.6M—
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Fair Value—$289.2M$122.6M$47.7M$45.9M—
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value—$1.2B$667.7M$1.4B$879.6M—
Allowance for Doubtful Accounts$157.0K$57.0K$563.0K$602.0K$171.0K—
Allowance for Doubtful Accounts Receivable (Current)$157.0K$57.0K$563.0K$602.0K$171.0K—
Cash and cash equivalents$1.0B$1.1B$2.0B$1.9B$1.7B$1.4B
Available For Sale Securities Debt Securities Current$4.0B$4.0B$4.1B$4.5B$5.0B$5.1B
Trading assets$1.1B$1.1B$888.9M$930.1M$1.2B—
Prepaid expenses and other current assets$82.9M$101.5M$97.8M$118.5M$102.8M$126.5M
Restricted cash$2.2M—$2.2M$2.2M$2.2M—
Short-term investments$4.0B$4.0B$4.1B$4.5B$5.0B$5.1B
Total current assets$5.4B$6.3B$6.7B$7.0B$7.1B$8.0B
Unbilled Revenue$45.5M$40.8M$48.4M$50.3M$57.5M$50.6M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$2.2B$2.4B$2.5B$2.8B$2.9B$2.8B
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Accumulated Loss—$586.0K$250.0K$95.0K$90.0K—
Accumulated other comprehensive income (loss)-$6.5M-$8.4M$8.9M-$2.0M$9.9M$8.2M
Common stock$2.0K$2.0K$2.0K$2.0K$2.0K$2.0K
Common Stock Shares Outstanding$619.0M$860.0M$888.0M$1.6B$1.7B—
Additional paid-in capital$2.2B$2.4B$2.5B$2.8B$2.9B$2.8B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March&#160;31, 2026 and December&#160;31, 2025, respectively$2.0K$2.0K$2.0K$2.0K$2.0K$2.0K
Number of Exercisable Options$619.0M—$888.0M$1.6B$1.7B—
Retained earnings$3.3B$3.5B$3.7B$3.9B$4.1B$4.4B
Share-Based Payment Award Options Outstanding - Number15M14.6M16.4M15.6M15.3M—
Share-Based Payment - Unrecognized Cost of Nonvested Awards$533.0M—$609.0M$541.0M$481.0M—
Total liabilities and stockholders' equity$6.5B$7.3B$7.8B$8.0B$8.1B$9.0B
Total stockholders' equity$5.5B$5.8B$6.2B$6.6B$7.0B$7.2B
Unrealized Gains on Investments$18.5M$16.2M$31.1M$18.8M$31.9M—
Unrealized Losses on Investments (Before Tax)$10.7M$10.4M$2.1M$4.9M$1.5M—
Weighted Average Exercise Price of Exercisable Options$177.29—$182.36$181.98$182.00—
Weighted Average Exercise Price of Outstanding Options$177.29$177.65$182.36$181.98$182.00—

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$4.0B$4.0B$4.1B$4.5B$4.9B—
Allowance for doubtful accounts$157.0K$57.0K$563.0K$602.0K$171.0K—
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax$10.7M$10.4M$2.1M$4.9M$1.5M—
Gross Unrealized Gains$18.5M$16.2M$31.1M$18.8M$31.9M—
Total$4.0B$4.0B$4.1B$4.5B$4.9B—
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five$2.9B$3.0B$3.2B$3.5B$3.8B—
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One$1.1B$1.1B$888.9M$930.1M$1.2B—
Common Stock, Shares, Outstanding$162.2M—$163.0M$163.9M$164.3M—
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss—$586.0K$250.0K$95.0K$90.0K—
Less than 12 months—$1.2B$667.7M$1.4B$879.6M—
12 months or more—$289.2M$122.6M$47.7M$45.9M—
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss—$9.8M$1.8M$4.8M$1.4M—
Deferred income taxes$475.0K$587.0K$526.0K$439.0K$367.0K$558.0K
Unrecognized compensation cost related to non-vested awards$533.0M—$609.0M$541.0M$481.0M—
Finite-Lived Intangible Assets, Accumulated Amortization$128.5M$118.7M$122.6M$126.7M$130.5M—
2028$8.9M—$7.8M$7.8M$7.8M—
2030$7.8M—$5.8M$5.8M$5.8M—
Remainder of 2026$4.1M—$10.2M$6.1M$2.3M—
2027$14.1M—$8.9M$8.9M$8.9M—
2029$7.8M—$7.8M$7.8M$7.8M—
Indefinite- lived intangible impairment$177.0M$163.1M$163.1M$163.1M$163.1M—
Lessee Operating Lease Liability Payments Due$88.4M—$94.0M$104.6M$110.2M—
Thereafter$43.0M—$36.6M$44.3M$51.6M—
Lessee Operating Lease Liability Undiscounted Excess Amount$16.7M—$16.8M$19.2M$20.4M—
Number of product areas2.00—2.002.002.00—
Operating Lease Weighted Average Discount Rate Percent$0.0$0.0$0.0$0.0$0.0—
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number$6.3M—$7.5M$6.9M$6.6M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$15.0M$14.6M$16.4M$15.6M$15.3M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$177.3$177.7$182.4$182.0$182.0—
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value$619.0M—$888.0M$1.6B$1.7B—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value$619.0M$860.0M$888.0M$1.6B$1.7B—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price$132.8—$143.2$138.7$137.0—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value$526.0M—$712.0M$1.0B$1.0B—
Unbilled Receivables$45.5M$40.8M$48.4M$50.3M$57.5M$50.6M
Remainder of Fiscal Year 2024$3.0M—$6.0M$2.1M$453.0K—
Remainder of Fiscal Year 2025$4.1M—$10.2M$6.1M$2.3M—

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$475.0K$587.0K$526.0K$439.0K$367.0K$558.0K
Deferred Tax Assets and Other Non-Current Assets$56.1M$56.5M$62.3M$60.2M$60.5M$62.3M
Available-for-sale securities$2.9B$3.0B$3.2B$3.5B$3.8B—
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)$7.8M—$5.8M$5.8M$5.8M—
Goodwill$439.9M$439.9M$439.9M$439.9M$439.9M$439.9M
Intangible Assets Gross (Excluding Goodwill)$177.0M$163.1M$163.1M$163.1M$163.1M—
Intangible assets, net$48.5M$44.5M$40.5M$36.4M$32.7M$30.3M
Investments - Amortized Cost Basis$4.0B$4.0B$4.1B$4.5B$4.9B—
Net Investment in Lease$60.3M$63.9M$63.7M$71.5M$73.8M$75.6M
Deferred contract costs$22.5M$26.4M$26.4M$25.9M$25.3M$30.0M
Deferred tax assets$322.7M$343.9M$366.2M$309.6M$287.0M$273.4M
Intangible assets &#8212; net$48.5M$44.5M$40.5M$36.4M$32.7M$30.3M
Operating lease right-of-use assets$60.3M$63.9M$63.7M$71.5M$73.8M$75.6M
Other non-current assets$56.1M$56.5M$62.3M$60.2M$60.5M$62.3M
Operating lease right-of-use assets$0.0$63.9M$0.0$0.0$0.0$75.6M
Operating Lease Right-of-Use Assets in Other Assets$60.3M$63.9M$63.7M$71.5M$73.8M$75.6M
Other non-current assets$56.1M$56.5M$62.3M$60.2M$60.5M$62.3M
Accumulated depreciation$41.0M$118.7M$122.6M$126.7M$130.5M—
Property and equipment, net$55.7M$55.9M$58.5M$61.2M$66.1M$70.3M
Software and Technology Licenses, Net$56.1M$56.5M$62.3M$60.2M$60.5M$62.3M
Total assets$6.5B$7.3B$7.8B$8.0B$8.1B$9.0B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating Lease Liability Payments - 2027 (Lessee)$12.7M—$11.4M$13.4M$13.6M—
Operating Lease Liability Payments - 2028 (Lessee)$9.6M—$10.5M$12.3M$12.7M—
Accrued expenses and other liabilities$30.9M$35.6M$31.9M$58.8M$31.7M$45.9M
Operating lease liabilities, non-current$62.5M$65.8M$66.6M$74.8M$79.3M$83.7M
Operating Lease Liabilities (Total)$71.7M$75.8M$77.2M$85.4M$89.8M$95.9M
Other non-current liabilities$31.4M$42.6M$30.3M$30.6M$32.0M$43.3M
Total liabilities$951.5M$1.5B$1.6B$1.4B$1.1B$1.8B