What is the primary revenue source for Veeva Systems (VEEV)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze VEEV's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Veeva Systems's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Veeva Systems Makes Money: VEEV Revenue Breakdown (2027)

Income Statement – VEEV Q1 2027 Income Statement (Q1 2027)

Income Statement Q1 2027
Item	Category	Value	YoY
Total revenues	revenue	882.95M	16.32%
Gross profit	profit	662.02M	13.12%
Total cost of revenues	cost	220.92M	27.10%
Other income, net	revenue	74.42M	14.33%
Operating income	profit	273.11M	16.85%
Total operating expenses	cost	388.91M	10.65%
Income before income taxes	profit	347.53M	16.30%
Research and development	cost	208.32M	13.20%
Sales and marketing	cost	111.12M	12.66%
General and administrative	cost	69.47M	0.94%
Net income	profit	260.94M	14.35%
Income tax provision	cost	86.59M	22.60%
Comprehensive income	profit	232.98M	-5.11%
Net change in unrealized (loss) gain on available-for-sale investments	revenue	27.45M	58.06%
Net change in cumulative foreign currency translation loss	revenue	501000	1218.42%

Geography Breakdown
Segment	Value	YoY
North America	526.17M	14.52%
Europe	265.67M	22.37%
Asia Pacific	72.88M	11.48%
Other International	18.23M	6.61%

Products Breakdown
Segment	Value	YoY
Subscription Services Veeva Research And Development and Quality Solutions	392.31M	19.11%
Subscription Services Veeva Commercial Cloud	337.87M	10.63%
Professional Services Veeva Research And Development and Quality Solutions	95.20M	22.51%
Professional Services Veeva Commercial Cloud	57.57M	23.63%

Balance Sheet – VEEV Q1 2027 Balance Sheet (Q1 2027)

Balance Sheet Q1 2027
Item	Category	Value
Short-term investments	assets	5.42B
Cash and cash equivalents	assets	1.90B
Accounts receivable, net of allowance for credit losses of $66 and $256, respectively	assets	568.02M
Prepaid expenses and other current assets	assets	122.77M
Unbilled accounts receivable	assets	59.75M
Total current assets	assets	8.06B
Goodwill	assets	488.16M
Deferred income taxes	assets	272.67M
Lease right-of-use assets	assets	82.06M
Property and equipment, net	assets	73.48M
Other long-term assets	assets	65.73M
Intangible assets, net	assets	55.51M
Deferred costs, net	assets	28.69M
Total assets	assets	9.13B
Total liabilities	liabilities	1.83B
Total stockholders’ equity	equity	7.30B
Accumulated other comprehensive (loss) income	equity	19.79M
Total current liabilities	liabilities	1.70B
Long-term lease liabilities	liabilities	89.94M
Other long-term liabilities	liabilities	32.35M
Deferred income taxes	liabilities	1.15M
Aggregate	equity	7.32B
Deferred revenue	liabilities	1.48B
Income tax payable	liabilities	67.90M
Accrued compensation and benefits	liabilities	52.57M
Accrued expenses and other current liabilities	liabilities	50.97M
Accounts payable	liabilities	40.66M
Lease liabilities	liabilities	13.13M
Retained earnings	equity	4.62B
Additional paid-in capital	equity	2.70B
Common stock	equity	2000

Cash Flow Statement – VEEV 3M 2027 Cash Flow Statement (3M 2027)

Operating Activities – 3M 2027
Item	Value
Increase (decrease) in accounts receivable	696.61M
Net income	260.94M
Stock-based compensation	119.26M
Income tax payable	61.20M
Deferred income taxes	14.34M
Depreciation and amortization	11.59M
Accrued expenses and other current liabilities	8.92M
Amortization of deferred costs	4.90M
Accounts payable	4.47M
Reduction of lease right-of-use assets	3.28M
Other long-term liabilities	1.35M
Other, net	-1.78M
Accretion (amortization) of discounts and premiums, investments	-1.79M
Lease liabilities	-2.46M
Increase (decrease) in deferred charges	-3.62M
Increase (decrease) in prepaid expense and other assets	-7.98M
Increase decrease in unbilled accounts receivable	-9.14M
Deferred revenue	-32.96M

Investing Activities – 3M 2027
Item	Value
Maturities and sales of short-term investments	670.84M
Payments for software	-1.75M
Payments to acquire businesses, net of cash acquired	-75.48M
Payments to acquire debt securities, available-for-sale	-982.32M

Financing Activities – 3M 2027
Item	Value
Proceeds from exercise of common stock options	2.94M
Payment, tax withholding, share-based payment arrangement	-38.52M
Payments for repurchase of common stock	-226.95M

Cash Balance – 3M 2027
Item	Value
Cash and cash equivalents, beginning of period	1.42B
Cash and cash equivalents, end of period	1.90B

Income Statement – VEEV Q1 2027 Income Statement (Q1 2027)

Balance Sheet – VEEV Q1 2027 Balance Sheet (Q1 2027)

Cash Flow Statement – VEEV 3M 2027 Cash Flow Statement (3M 2027)

Financial Insights

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