Veeva Systems Inc. (VEEV) FY2025 Q1 P&L / Income Statement

Veeva Systems Inc. (VEEV) FY2025 Q1 P&L / Income Statement

Income statement for 2024-02-01 through 2024-04-30. View: Product and service (2 categories). Revenue and costs use their disclosed categories.

Total revenues

650,345,000 US dollars

Total cost of revenues

173,884,000 US dollars

Gross profit

476,461,000 US dollars

Total operating expenses

321,289,000 US dollars

Operating income

155,172,000 US dollars

Other income (expense), net (calculated)

51,729,000 US dollars

Income before income taxes

206,901,000 US dollars

Income tax provision (benefit)

45,237,000 US dollars

Net income

161,664,000 US dollars

Subscription services revenue

533,955,000 US dollars

Professional services and other revenue

116,390,000 US dollars

Subscription services cost of revenue

78,148,000 US dollars

Professional services and other cost of revenue

95,736,000 US dollars

Research and development

162,711,000 US dollars

Sales and marketing

97,301,000 US dollars

General and administrative

61,277,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.