Financial Statements — VEEV
Balance Sheet
(in billions USD)| Metric | Q1
2027 | Q3
2026 | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 1.90 | 1.66 | 1.93 | 1.96 | 1.04 | 1.17 | 1.20 | 0.74 | 0.74 | 1.09 | 0.87 | 1.14 | 1.24 | 0.63 | 0.80 | 0.72 |
| Accounts Receivable | 0.57 | 0.31 | 0.42 | 0.49 | 0.26 | 0.36 | 0.36 | 0.26 | 0.38 | 0.41 | 0.24 | 0.31 | 0.33 | 0.18 | 0.22 | 0.24 |
| Total Current Assets | 8.06 | 7.11 | 6.99 | 6.71 | 5.45 | 5.37 | 5.24 | 4.34 | 4.36 | 4.19 | 3.39 | 3.36 | 3.28 | 1.85 | 1.79 | 1.68 |
| Property, Plant & Equipment | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Goodwill | 0.49 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 |
| Intangible Assets | 0.06 | 0.03 | 0.04 | 0.04 | 0.05 | 0.05 | 0.06 | 0.07 | 0.07 | 0.08 | 0.09 | 0.09 | 0.10 | 0.12 | 0.12 | 0.13 |
| Total Non-current Assets* | 1.07 | 0.99 | 1.00 | 1.06 | 1.01 | 0.96 | 0.94 | 0.89 | 0.87 | 0.84 | 0.80 | 0.76 | 0.74 | 0.73 | 0.73 | 0.73 |
| Total Assets | 9.13 | 8.10 | 8.00 | 7.77 | 6.45 | 6.33 | 6.19 | 5.23 | 5.23 | 5.02 | 4.18 | 4.12 | 4.01 | 2.58 | 2.52 | 2.40 |
| Accounts Payable | 0.04 | 0.03 | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 |
| Total Current Liabilities | 1.70 | 0.94 | 1.26 | 1.46 | 0.86 | 1.07 | 1.22 | 0.77 | 1.00 | 1.01 | 0.69 | 0.80 | 0.88 | 0.42 | 0.50 | 0.55 |
| Total Non-current Liabilities* | 0.12 | 0.11 | 0.11 | 0.10 | 0.09 | 0.08 | 0.07 | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 | 0.05 |
| Total Liabilities | 1.83 | 1.06 | 1.36 | 1.55 | 0.95 | 1.15 | 1.30 | 0.85 | 1.08 | 1.08 | 0.76 | 0.87 | 0.94 | 0.48 | 0.56 | 0.60 |
| Retained Earnings | 4.62 | 4.12 | 3.88 | 3.68 | 3.26 | 3.07 | 2.90 | 2.59 | 2.46 | 2.35 | 2.03 | 1.92 | 1.83 | 1.20 | 1.10 | 1.01 |
| Total Stockholder Equity | 7.30 | 7.04 | 6.64 | 6.21 | 5.50 | 5.18 | 4.89 | 4.38 | 4.15 | 3.94 | 3.42 | 3.24 | 3.07 | 2.11 | 1.96 | 1.80 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2027 | Q4
2026 | Q3
2026 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 882.95 | 835.95 | 811.24 | 789.08 | 759.04 | 720.89 | 699.21 | 676.18 | 650.35 | 630.62 | 616.51 | 590.23 | 526.33 | 563.39 | 552.35 | 534.22 | 505.10 | 485.50 | 377.52 | 353.68 |
| Cost of Revenue | 220.92 | 213.48 | 199.47 | 195.25 | 173.82 | 180.99 | 174.39 | 170.37 | 173.88 | 173.93 | 167.68 | 169.02 | 166.66 | 164.31 | 153.91 | 151.67 | 139.51 | 135.88 | 103.00 | 97.20 |
| Gross Profit | 662.02 | 622.47 | 611.77 | 593.83 | 585.22 | 539.90 | 524.82 | 505.81 | 476.46 | 456.69 | 448.82 | 421.21 | 359.66 | 399.08 | 398.44 | 382.55 | 365.59 | 349.62 | 274.52 | 256.48 |
| Research & Development | 208.32 | 198.79 | 191.88 | 192.68 | 184.03 | 181.53 | 172.41 | 176.43 | 162.71 | 163.57 | 161.28 | 157.23 | 146.96 | 142.54 | 130.26 | 134.01 | 113.48 | 105.28 | 79.99 | 70.05 |
| Selling, General & Admin | 69.47 | 67.63 | 68.48 | 95.80 | 68.83 | 70.74 | 72.36 | 61.37 | 61.28 | 58.66 | 62.28 | 62.94 | 62.67 | 58.57 | 52.87 | 57.83 | 48.33 | 45.39 | 35.24 | 37.17 |
| Total Operating Expenses | 388.91 | 376.60 | 370.92 | 397.92 | 351.49 | 351.47 | 343.47 | 339.32 | 321.29 | 321.42 | 320.33 | 317.16 | 298.13 | 290.15 | 277.04 | 281.46 | 237.92 | 229.90 | 173.22 | 166.40 |
| Operating Income | 273.11 | 245.88 | 240.85 | 195.91 | 233.73 | 188.42 | 181.35 | 166.49 | 155.17 | 135.27 | 128.49 | 104.05 | 61.53 | 108.92 | 121.40 | 101.09 | 127.67 | 119.72 | 101.31 | 90.08 |
| Pretax Income | 347.53 | 317.54 | 312.79 | 265.36 | 298.82 | 245.13 | 242.29 | 225.06 | 206.90 | 182.69 | 170.68 | 142.88 | 91.78 | 135.36 | 133.86 | 109.49 | 130.38 | 119.48 | 104.76 | 92.96 |
| Tax Provision | 86.59 | 73.33 | 76.58 | 65.06 | 70.63 | 49.51 | 56.48 | 54.02 | 45.24 | 35.30 | 35.52 | 31.25 | (39.74) | (53.17) | 25.41 | 18.89 | 30.27 | 22.38 | 7.80 | (0.59) |
| Net Income | 260.94 | 244.20 | 236.20 | 200.31 | 228.19 | 195.63 | 185.81 | 171.04 | 161.66 | 147.40 | 135.16 | 111.63 | 131.52 | 188.53 | 108.46 | 90.60 | 100.12 | 97.10 | 96.96 | 93.55 |
| Basic EPS | 1.60 | 1.48 | 1.44 | 1.23 | 1.40 | 1.20 | 1.15 | 1.06 | 1.00 | 0.91 | 0.84 | 0.70 | 0.82 | 1.21 | 0.70 | 0.58 | 0.65 | 0.63 | 0.64 | 0.62 |
| Diluted EPS | 1.57 | 1.48 | 1.40 | 1.19 | 1.37 | 1.17 | 1.13 | 1.04 | 0.98 | 0.90 | 0.83 | 0.68 | 0.81 | 1.15 | 0.67 | 0.56 | 0.62 | 0.60 | 0.60 | 0.58 |
Cash Flow Statement
(in billions USD)| Metric | Q1
2027 | Q4
2026 | Q3
2026 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 1.13 | 0.11 | 0.19 | 0.24 | 0.88 | 0.07 | 0.16 | 0.09 | 0.76 | 0.06 | 0.08 | 0.27 | 0.51 | 0.06 | 0.14 | 0.09 | 0.48 | 0.05 | 0.10 | 0.11 |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (0.39) | (0.17) | (0.50) | (0.39) | (0.05) | (0.02) | (0.30) | (0.11) | (0.27) | (0.09) | (0.07) | (0.62) | (0.30) | (0.04) | (0.41) | (0.18) | (0.38) | (0.06) | (0.26) | (0.04) |
| Financing Cash Flow | (0.26) | (0.18) | 0.03 | 0.12 | 0.02 | 0.02 | 0.01 | (0.01) | 0.00 | (0.01) | (0.01) | 0.00 | -0.00 | -0.00 | (0.01) | (0.01) | 0.00 | (0.01) | 0.01 | 0.01 |
