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Veeva Systems VEEV Allowance for Doubtful Accounts Receivable (Current)

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Other financials

Income statement

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Revenue$882.9M+16.3%
Gross profit$662.0M+13.1%
Operating income$273.1M+16.8%
Net income$260.9M+14.4%
EPS (diluted)$1.57+14.6%

Balance sheet

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Cash & equivalents$1.9B-3.5%
Total debt$103.1M+33.5%
Total equity$7.3B+17.6%
Total assets$9.1B+17.6%

Cash flow

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Operating cash flow$1.1B+28.5%
CapEx$2.3M
Free cash flow$110.6M

Valuation

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Market cap$38.12B-15.8%
Enterprise value$36.33B-16.3%
P/E40.5×-15.4×
P/S11.5×-3.8×

Profitability

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Gross margin75%-0.5pp
Operating margin28.8%+1.8pp
Net margin28.4%+1.0pp
FCF margin37.2%

Returns & leverage

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Return on equity13.9%-0.1pp
Debt / equity0.0×
Current ratio4.7×+0.1×

Where this comes from

Reported directly by Veeva Systems in its filing.

Tagged under the XBRL concept us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent.

The source filing: Veeva Systems’s 10-Q, filed June 5, 2026.

Filed
Jun 5, 2026, 4:06 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001393052-26-000026
Line itemApril 30,2026January 31,2026
Current assets:
Cash and cash equivalents$1,896,580$1,421,233
Short-term investments5,416,1395,139,581
Accounts receivable, net of allowance for credit losses of $66 and $256, respectively568,0201,259,737
Unbilled accounts receivable59,75250,609
Prepaid expenses and other current assets122,770126,470
Total current assets8,063,2617,997,630
Property and equipment, net73,48470,261

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Veeva Systems's allowance for doubtful accounts receivable (current)?
Veeva Systems (VEEV) reported allowance for doubtful accounts receivable (current) of $66K in Q1 2026.
How has Veeva Systems's allowance for doubtful accounts receivable (current) changed year-over-year?
Veeva Systems's allowance for doubtful accounts receivable (current) decreased by 88.3% year-over-year, from $563K to $66K.
What is the long-term trend for Veeva Systems's allowance for doubtful accounts receivable (current)?
Over 5 years (2021 to 2026), Veeva Systems's allowance for doubtful accounts receivable (current) has grown at a 5.8% compound annual growth rate (CAGR), from $193K to $256K.
What does allowance for doubtful accounts receivable (current) mean?
This is the valuation allowance for current receivables that are considered uncollectible due to disputes, bankruptcy, or other non-payment issues. It serves as a buffer against potential losses from customer defaults. It is a critical indicator of the health of the company's accounts receivable portfolio.

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