Companies / Health Care
VEEV
Veeva Systems
Health Care Technology
Health Care TechnologyAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health80
Growth76
Profitability92
Cash generation100
Balance sheet100
Dilution control30
Key ratios and five-year financials
Latest quarter revenue YoY (2026-07-31)17.6%Revenue growth (FY)16.3%Revenue CAGR (3y)14.0%Gross margin75.5%Operating margin28.7%Net margin28.4%Free cash flow margin44.3%R&D / revenue24.0%Stock comp / revenue14.8%Net debt / operating cash flow—Current ratio4.89Diluted share count change1.1%
| Fiscal year ending | FY 2022-01 | FY 2023-01 | FY 2024-01 | FY 2025-01 | FY 2026-01 |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.2B | $2.4B | $2.7B | $3.2B |
| Gross profit | $1.3B | $1.5B | $1.7B | $2.0B | $2.4B |
| Operating income | $505M | $459M | $429M | $691M | $916M |
| Net income | $427M | $488M | $526M | $714M | $909M |
| Operating cash flow | $764M | $780M | $911M | $1.1B | $1.4B |
| Free cash flow | $764M | $780M | $911M | $1.1B | $1.4B |
| R&D | $382M | $520M | $629M | $693M | $767M |
| Stock-based comp | $235M | $352M | $394M | $437M | $473M |
| Buybacks | — | — | $0 | $0 | $170M |
| Cash | $1.1B | $886M | $703M | $1.1B | $1.4B |
| Equity | $2.9B | $3.7B | $4.6B | $5.8B | $7.2B |
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