Veeva Systems VEEV Subscription — Unbilled accounts receivable

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FAQ

What is Veeva Systems's subscription — unbilled accounts receivable?

Veeva Systems (VEEV) reported subscription — unbilled accounts receivable of $15M in Q1 2026.

How has Veeva Systems's subscription — unbilled accounts receivable changed year-over-year?

Veeva Systems's subscription — unbilled accounts receivable increased by 87.5% year-over-year, from $8M to $15M.

What is the long-term trend for Veeva Systems's subscription — unbilled accounts receivable?

Over 4 years (2022 to 2026), Veeva Systems's subscription — unbilled accounts receivable has grown at a -24.8% compound annual growth rate (CAGR), from $125M to $40M.

What does subscription — unbilled accounts receivable mean?

This metric represents the portion of revenue recognized for subscription services that has not yet been invoiced to the customer. It typically arises when the timing of revenue recognition under accounting standards differs from the contractual billing schedule. It serves as a leading indicator of future cash inflows from existing long-term contracts.