Veeva Systems Inc. (VEEV) Balance Sheet
VEEV balance sheet, FY2026
January 31, 2026 · U.S. dollars$8.98B assets = $1.76B liabilities + $7.21B equity
Both columns are drawn to the same scale: what VEEV owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VEEV financial health
Descriptive bands, not a rating. Fiscal FY2026.
VEEV balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $917.7MFY2017 | $8.98BFY2026 | +28.8%/yr | |
| Total liabilities | $264.7MFY2017 | $1.76BFY2026 | +23.5%/yr | |
| Shareholders’ equity | $653.0MFY2017 | $7.21BFY2026 | +30.6%/yr | |
| Cash & short-term investments | $518.9MFY2017 | $6.56BFY2026 | +32.6%/yr | |
| Total debt | $5.2MFY2017 | $95.9MFY2026 | +38.1%/yr | |
| Net cash (debt) | $513.6MFY2017 | $6.46BFY2026 | +$6.0B | |
| Working capital | $465.1MFY2017 | $6.36BFY2026 | +$5.9B | |
| Book value per share | $4.42FY2017 | $43.20FY2026 | +28.8%/yr | |
| Current ratio | 2.88FY2017 | 4.89FY2026 | +2.00 | |
| Debt / equity | 0.01FY2017 | 0.01FY2026 | +0.01 | |
| Shares outstanding | 147.6MFY2017 | 167.0MFY2026 | +1.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VEEV assets
VEEV liabilities and equity
VEEV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VEEV balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $6.56B | $5.15B | $4.03B | $3.10B | $2.38B | $1.66B | $1.09B | $1.09B | $762.0M | $518.9M |
| Cash & equivalents | $1.42B | $1.12B | $703.5M | $886.5M | $1.14B | $730.5M | $476.7M | $551.0M | $320.2M | $217.6M |
| Short-term investments | $5.14B | $4.03B | $3.32B | $2.22B | $1.24B | $933.1M | $610.0M | $539.2M | $441.8M | $301.3M |
| Receivables | $1.31B | $1.06B | $888.5M | $785.2M | $694.4M | $611.6M | $422.5M | $321.6M | $238.0M | $182.8M |
| Inventory | $0 | $0 | $0 | $1 | $1 | $0 | $0 | $1 | $0 | $2 |
| Other current assets | $126.5M | $101.5M | $86.9M | $81.5M | $36.7M | $35.6M | $21.9M | $21.7M | $8.2M | $10.2M |
| Total current assets | $8.00B | $6.31B | $5.00B | $3.97B | $3.11B | $2.31B | $1.53B | $1.43B | $1.01B | $711.9M |
| Property, plant & equipment (net) | $145.9M | $119.8M | $104.1M | $105.2M | $104.1M | $110.6M | $103.9M | $55.0M | $52.3M | $49.9M |
| Goodwill & intangible assets | $470.2M | $484.3M | $502.9M | $522.4M | $541.8M | $550.6M | $573.1M | $120.3M | $127.3M | $135.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $365.6M | $426.8M | $300.7M | $207.5M | $63.3M | $74.0M | $63.6M | $45.1M | $42.6M | $20.8M |
| Total assets | $8.98B | $7.34B | $5.91B | $4.80B | $3.82B | $3.05B | $2.27B | $1.65B | $1.23B | $917.7M |
| Liabilities | ||||||||||
| Accounts payable | $37.6M | $30.4M | $31.5M | $41.7M | $20.3M | $23.3M | $19.4M | $9.1M | $6.9M | $5.7M |
| Short-term debt | $12.2M | $10.0M | $9.3M | $11.3M | $11.0M | $11.7M | $10.0M | $6.9M | $5.1M | $5.2M |
| Deferred revenue | $1.49B | $1.27B | $1.05B | $869.3M | $731.7M | $617.0M | $468.9M | $356.4M | $266.9M | $213.6M |
| Total current liabilities | $1.64B | $1.40B | $1.18B | $1.01B | $840.8M | $716.0M | $551.2M | $401.0M | $306.2M | $246.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $362,000 | $0 | $0 | $0 |
| Lease obligations | $95.9M | $75.8M | $55.8M | $61.0M | $54.6M | $63.1M | $54.8M | — | — | — |
| Other long-term liabilities | $127.5M | $109.0M | $87.2M | $81.2M | $64.0M | $63.8M | $54.6M | $15.0M | $17.9M | $17.9M |
| Total liabilities | $1.76B | $1.51B | $1.27B | $1.09B | $904.8M | $779.7M | $606.2M | $416.0M | $324.1M | $264.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $1,000 | $1,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | $4.36B | $3.45B | $2.74B | $2.21B | $1.73B | $1.30B | $919.7M | $619.2M | $389.4M | $212.2M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $8.2M | −$8.4M | −$10.6M | −$31.1M | −$12.0M | $992,000 | $460,000 | $928,000 | $1.6M | $111,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $7.21B | $5.83B | $4.64B | $3.72B | $2.91B | $2.27B | $1.67B | $1.24B | $906.2M | $653.0M |
| Key figures | ||||||||||
| Total debt | $95.9M | $75.8M | $55.8M | $61.0M | $54.6M | $63.1M | $54.8M | $6.9M | $5.1M | $5.2M |
| Net cash (debt) | $6.46B | $5.07B | $3.97B | $3.04B | $2.32B | $1.60B | $1.03B | $1.08B | $756.9M | $513.6M |
| Working capital | $6.36B | $4.91B | $3.82B | $2.96B | $2.27B | $1.59B | $980.0M | $1.03B | $702.0M | $465.1M |
| Tangible book value | $6.74B | $5.35B | $4.14B | $3.19B | $2.37B | $1.72B | $1.09B | $1.12B | $778.9M | $517.9M |
| Book value per share | $43.20 | $35.30 | $28.41 | $22.88 | $17.94 | $14.10 | $10.52 | $7.93 | $5.90 | $4.42 |
| Shares outstanding | 167.0M | 165.2M | 163.5M | 162.4M | 162.3M | 160.7M | 158.3M | 156.1M | 153.7M | 147.6M |
| Current ratio | 4.89 | 4.51 | 4.24 | 3.94 | 3.70 | 3.23 | 2.78 | 3.57 | 3.29 | 2.88 |
| Quick ratio | 4.81 | 4.44 | 4.17 | 3.86 | 3.65 | 3.18 | 2.74 | 3.52 | 3.27 | 2.84 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 80.3% | 79.5% | 78.6% | 77.4% | 76.3% | 74.4% | 73.3% | 74.8% | 73.7% | 71.2% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $7.24B | $7.31B | $6.56B | $6.64B | $6.40B | $6.07B | $5.15B | $5.06B | $4.89B | $4.77B | $4.03B | $3.94B |
| Cash & equivalents | $1.81B | $1.90B | $1.42B | $1.66B | $1.93B | $1.96B | $1.12B | $1.04B | $1.17B | $1.20B | $703.5M | $743.7M |
| Short-term investments | $5.43B | $5.42B | $5.14B | $4.98B | $4.47B | $4.10B | $4.03B | $4.02B | $3.72B | $3.57B | $3.32B | $3.20B |
| Receivables | $565.6M | $627.8M | $1.31B | $371.8M | $472.4M | $541.3M | $1.06B | $301.3M | $404.2M | $401.1M | $888.5M | $300.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 |
| Other current assets | $137.6M | $122.8M | $126.5M | $102.8M | $118.5M | $97.8M | $101.5M | $82.9M | $78.6M | $78.8M | $86.9M | $93.1M |
| Total current assets | $7.95B | $8.06B | $8.00B | $7.11B | $6.99B | $6.71B | $6.31B | $5.45B | $5.37B | $5.24B | $5.00B | $4.34B |
| Property, plant & equipment (net) | $208.8M | $155.5M | $145.9M | $140.0M | $132.7M | $122.2M | $119.8M | $116.0M | $99.8M | $102.6M | $104.1M | $105.7M |
| Goodwill & intangible assets | $548.6M | $543.7M | $470.2M | $472.5M | $476.3M | $480.4M | $484.3M | $488.4M | $493.2M | $498.1M | $502.9M | $507.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $356.6M | $367.1M | $365.6M | $372.8M | $395.8M | $454.9M | $426.8M | $401.3M | $369.9M | $341.9M | $300.7M | $276.5M |
| Total assets | $9.06B | $9.13B | $8.98B | $8.10B | $8.00B | $7.77B | $7.34B | $6.45B | $6.33B | $6.19B | $5.91B | $5.23B |
| Liabilities | ||||||||||||
| Accounts payable | $36.0M | $40.7M | $37.6M | $32.7M | $33.6M | $37.4M | $30.4M | $31.8M | $28.3M | $31.9M | $31.5M | $36.2M |
| Short-term debt | $14.6M | $13.1M | $12.2M | $10.5M | $10.7M | $10.7M | $10.0M | $9.2M | $10.2M | $10.4M | $9.3M | $9.6M |
| Deferred revenue | $1.31B | $1.48B | $1.49B | $822.5M | $1.11B | $1.25B | $1.27B | $739.7M | $956.4M | $1.03B | $1.05B | $644.5M |
| Total current liabilities | $1.46B | $1.70B | $1.64B | $944.9M | $1.26B | $1.46B | $1.40B | $857.0M | $1.07B | $1.22B | $1.18B | $768.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $151.7M | $103.1M | $95.9M | $89.8M | $85.4M | $77.2M | $75.8M | $71.7M | $54.1M | $55.7M | $55.8M | $57.7M |
| Other long-term liabilities | $172.8M | $123.4M | $127.5M | $111.6M | $105.8M | $97.4M | $109.0M | $94.4M | $75.7M | $74.9M | $87.2M | $77.7M |
| Total liabilities | $1.63B | $1.83B | $1.76B | $1.06B | $1.36B | $1.55B | $1.51B | $951.5M | $1.15B | $1.30B | $1.27B | $846.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Retained earnings (deficit) | $4.90B | $4.62B | $4.36B | $4.12B | $3.88B | $3.68B | $3.45B | $3.26B | $3.07B | $2.90B | $2.74B | $2.59B |
| Accumulated other comprehensive income | −$46.1M | −$19.8M | $8.2M | $9.9M | −$2.0M | $8.9M | −$8.4M | −$6.5M | −$5.6M | −$30.6M | −$10.6M | −$37.5M |
| Total shareholders' equity | $7.43B | $7.30B | $7.21B | $7.04B | $6.64B | $6.21B | $5.83B | $5.50B | $5.18B | $4.89B | $4.64B | $4.38B |
| Key figures | ||||||||||||
| Total debt | $151.7M | $103.1M | $95.9M | $89.8M | $85.4M | $77.2M | $75.8M | $71.7M | $54.1M | $55.7M | $55.8M | $57.7M |
| Net cash (debt) | $7.09B | $7.21B | $6.46B | $6.55B | $6.32B | $5.99B | $5.07B | $4.99B | $4.83B | $4.71B | $3.97B | $3.88B |
| Working capital | $6.49B | $6.36B | $6.36B | $6.17B | $5.74B | $5.25B | $4.91B | $4.59B | $4.30B | $4.02B | $3.82B | $3.57B |
| Tangible book value | $6.88B | $6.76B | $6.74B | $6.57B | $6.16B | $5.73B | $5.35B | $5.01B | $4.69B | $4.39B | $4.14B | $3.87B |
| Book value per share | $45.02 | $44.01 | $42.88 | $41.92 | $39.69 | $37.36 | $35.20 | $33.35 | $31.51 | $29.74 | $28.31 | $26.74 |
| Shares outstanding | 165.1M | 166.0M | 168.3M | 168.0M | 167.3M | 166.2M | 165.7M | 165.0M | 164.6M | 164.4M | 164.1M | 163.8M |
| Current ratio | 5.46 | 4.74 | 4.89 | 7.53 | 5.57 | 4.60 | 4.51 | 6.36 | 5.01 | 4.29 | 4.24 | 5.64 |
| Quick ratio | 5.36 | 4.67 | 4.81 | 7.42 | 5.48 | 4.54 | 4.44 | 6.26 | 4.94 | 4.22 | 4.17 | 5.52 |
| Debt / equity | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 82.0% | 80.0% | 80.3% | 87.0% | 83.0% | 80.0% | 79.5% | 85.3% | 81.9% | 79.0% | 78.6% | 83.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 20, 2026); data from EODHD.
VEEV financial position
At the end of fiscal 2026 (January 31, 2026), Veeva had total assets of $9.0 billion (up 22.3% from a year earlier), total liabilities of $1.8 billion and shareholders' equity of $7.2 billion. It held $6.6 billion in cash and short-term investments against $95.9 million of debt, a net cash position of $6.5 billion. Its current ratio was 4.89. In the latest quarter (ended July 31, 2026) total assets were $9.1 billion and equity $7.4 billion.
Related: VEEV income statement, VEEV cash flow statement, VEEV key metrics. See the VEEV stock overview for the latest quote and news.
VEEV balance sheet FAQ
What are Veeva's total assets?
Veeva reported total assets of $9.0 billion at the end of fiscal 2026 (January 31, 2026), compared with $7.3 billion a year earlier.
How much debt does Veeva have?
Veeva had $95.9 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Veeva have?
Veeva held $6.6 billion in cash and short-term investments at the end of fiscal 2026; with $95.9 million of debt that is net cash of $6.5 billion.
What is Veeva's book value?
Veeva's shareholders' equity (book value) was $7.2 billion at the end of fiscal 2026, or $43.20 per share.
What is Veeva's current ratio?
Veeva had current assets of $8.0 billion and current liabilities of $1.6 billion, a current ratio of 4.89 (it can cover its short-term obligations).
How much goodwill does Veeva have?
Veeva carried $470.2 million of goodwill and intangible assets, 5.2% of total assets, at the end of fiscal 2026.