Veeva Systems Inc.
VEEV
Jodie read · what matters now
Revenue increased 16.3% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to VEEV, and whether its market group begins moving.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-06-05 against the comparable filing from 2025-06-02.
What improved
- Revenue increased 16.3% versus the comparable filing period.
What weakened
- Gross margin fell 2.1 percentage points.
- Net margin fell 0.5 percentage points.
- Operating cash flow was 4.32x net income; review non-cash and one-time items before treating this as recurring conversion.
Filing receipts
“The increase in cash provided by operating activities was primarily due to increased sales and the related cash collections and the impact of the One Big Beautiful Bill Act (“OBBBA”), partially offset by increased expenses.”
“Sales and Marketing Three months ended April 30, 2026 2025 $ Change % Change (dollars in thousands) Sales and marketing $ 111,117 $ 98,628 $ 12,489 13% Percentage of total revenues 13 % 13 % Sales and marketing expenses for the three months ended April 30, 2026 increased $12 million, primarily due to an increase of $12 million in employee compensation-related costs, which was driven by increases in salaries and benefits, as well as an increase in headcount.”
“arketing $ 111,117 $ 98,628 $ 12,489 13% Percentage of total revenues 13 % 13 % Sales and marketing expenses for the three months ended April 30, 2026 increased $12 million, primarily due to an increase of $12 million in employee compensation-related costs, which was driven by increases in salaries and benefits, as well as an increase in headcount.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind VEEV
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 11 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
VEEV is currently a Follower in the organic co-movement group Software Solutions. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for VEEV; it is not active in the latest market snapshot.
Theme membership history
No durable theme membership has been observed for this name yet.