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Veeva Systems VEEV Unbilled Revenue

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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$35.38B-23.4%
Enterprise value$33.58B-24.3%
P/E37.6×-19.5×
P/S10.7×-4.9×

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 / equity0×0.0×
Current ratio4.7×+0.1×

Where this comes from

Reported directly by Veeva Systems in its filing.

Tagged under the XBRL concept us-gaap:UnbilledReceivablesCurrent.

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
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
Deferred costs, net28,68629,961

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Veeva Systems's unbilled revenue?
Veeva Systems (VEEV) reported unbilled revenue of $59.75M in Q1 2026.
How has Veeva Systems's unbilled revenue changed year-over-year?
Veeva Systems's unbilled revenue increased by 23.4% year-over-year, from $48.43M to $59.75M.
What is the long-term trend for Veeva Systems's unbilled revenue?
Over 5 years (2021 to 2026), Veeva Systems's unbilled revenue has grown at a 1.4% compound annual growth rate (CAGR), from $47.21M to $50.61M.
What does unbilled revenue mean?
This represents revenue that has been earned through the delivery of services but has not yet been invoiced to the customer according to contract terms. It bridges the gap between revenue recognition under accounting standards and the actual billing cycle. For subscription businesses, this often reflects performance obligations satisfied ahead of the contractual billing schedule.

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