Veeva Systems VEEV Professional services and other — Unbilled accounts receivable

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FAQ

What is Veeva Systems's professional services and other — unbilled accounts receivable?

Veeva Systems (VEEV) reported professional services and other — unbilled accounts receivable of $45M in Q1 2026.

How has Veeva Systems's professional services and other — unbilled accounts receivable changed year-over-year?

Veeva Systems's professional services and other — unbilled accounts receivable increased by 12.5% year-over-year, from $40M to $45M.

What is the long-term trend for Veeva Systems's professional services and other — unbilled accounts receivable?

Over 4 years (2022 to 2026), Veeva Systems's professional services and other — unbilled accounts receivable has grown at a 11.3% compound annual growth rate (CAGR), from $109M to $167M.

What does professional services and other — unbilled accounts receivable mean?

This metric represents revenue recognized for professional services performed but not yet invoiced to the customer according to contract terms. It serves as a measure of the timing difference between service delivery and the contractual billing cycle. High levels of unbilled receivables can indicate a backlog in project milestones or specific billing arrangements common in long-term enterprise contracts.