Veeva Systems said total revenues for the 3 months ended October 31, 2025 increased $112 million, of which $102 million was from growth in subscription services revenue. The increase in subscription services revenues consisted of $63 million attributable to R&D Solutions and $39 million attributable to Commercial Solutions.

1. 01

   Veeva Systems said total revenues for the 3 months ended October 31, 2025 increased $112 million, of which $102 million was from growth in subscription services revenue. The increase in subscription services revenues consisted of $63 million attributable to R&D Solutions and $39 million attributable to Commercial Solutions.

2. 02

   The company said the increase in subscription services revenues for both R&D Solutions and Commercial Solutions was primarily driven by the expanding use by existing customers of its products, and to a lesser extent, due to higher prices in connection with its annual inflation adjustment. Total revenues for the 9 months increased $334 million, of which $300 million was from growth in subscription services revenue.

3. 03

   Veeva Systems said net cash provided by operating activities for the 9 months ended October 31, 2025 was $1,308 million, an increase compared to $1,021 million in the same period of the prior fiscal year. The company cited the increase in revenues and related cash collections and the impact of the One Big Beautiful Bill Act as factors, offset in part by increases in expenses.

4. 04

   As of October 31, 2025, Veeva Systems said cash, cash equivalents, and short-term investments totaled $6.6 billion, of which $74 million was cash and cash equivalents held outside the United States. Net cash used in investing activities for the 9 months was $937 million, which the company said was primarily due to an increase in purchases of short-term investments.

Key figures

Quarter ended October 31, 2025

Revenue

$811M

Operating income

$241M

Net income

$236M

EPS

$1.40

Gross profit

$612M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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