Discontinued — last reported Q4 '24

Other

Unbilled Receivables

Veeva Systems Unbilled Receivables decreased by 12.1% to $50.61M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 24.2%, from $40.76M to $50.61M. Over 5 years (FY 2021 to FY 2026), Unbilled Receivables shows relatively stable performance with a 1.4% CAGR.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ4 2017
Last reportedQ4 2024

How to read this metric

Significant changes can reflect shifts in billing cycles or seasonal usage patterns rather than operational performance.

Detailed definition

Revenue that has been earned through the delivery of electricity but has not yet been formally billed to the customer as...

Peer comparison

Common in all utility companies; highly dependent on the specific meter-reading schedule of the utility.

Metric ID: other_unbilled_receivables_current

Historical Data

20 periods
 Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$51.37M$51.10M$67.97M$63.27M$61.97M$77.78M$82.09M$82.17M$38.07M$37.54M$44.84M$36.37M$38.77M$39.43M$45.47M$40.76M$48.43M$50.35M$57.55M$50.61M
QoQ Change-0.5%+33.0%-6.9%-2.0%+25.5%+5.5%+0.1%-53.7%-1.4%+19.4%-18.9%+6.6%+1.7%+15.3%-10.4%+18.8%+4.0%+14.3%-12.1%
YoY Change+20.6%+52.2%+20.8%+29.9%-38.6%-51.7%-45.4%-55.7%+1.8%+5.0%+1.4%+12.1%+24.9%+27.7%+26.6%+24.2%
Range$36.37M$82.17M
CAGR-0.3%
Avg YoY Growth+3.5%
Median YoY Growth+16.4%

Product Breakdown

View all
SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Professional services and other$35.00M$35.00M$39.00M$33.00M$40.00M$42.00M$45.00M$40.00M
Subscription$4.00M$4.00M$6.00M$8.00M$8.00M$8.00M$13.00M$11.00M
Total$38.77M$39.43M$45.47M$40.76M$48.43M$50.35M$57.55M$50.61M

Unbilled Receivables at Other Companies

Frequently Asked Questions

What is Veeva Systems's unbilled receivables?
Veeva Systems (VEEV) reported unbilled receivables of $50.61M in Q4 2025.
How has Veeva Systems's unbilled receivables changed year-over-year?
Veeva Systems's unbilled receivables increased by 24.2% year-over-year, from $40.76M to $50.61M.
What is the long-term trend for Veeva Systems's unbilled receivables?
Over 5 years (2021 to 2026), Veeva Systems's unbilled receivables has grown at a 1.4% compound annual growth rate (CAGR), from $47.21M to $50.61M.
What does unbilled receivables mean?
Revenue earned from services provided but not yet invoiced to customers.