# Veeva Systems Inc. (VEEV) — Stock CV

Veeva Systems Inc. is a $48.0B technology company. Revenue grew 16.5% over the last year, and it keeps 29¢ of every dollar of sales as profit. It trades at 47.2× earnings — in the cheapest third of its own history.

> Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers.

## Identity

- **Ticker**: VEEV
- **Sector**: Technology
- **Industry**: Services-Prepackaged Software
- **Headquarters**: PLEASANTON, CA
- **Employees**: 7 928
- **Website**: https://www.veeva.com
- **Market cap**: $48.0B
- **Last price**: $296.16
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $3.46B
- **Net income**: $1.01B
- **Free cash flow**: $1.67B
- **P/E**: 47.2
- **Revenue growth (YoY)**: 16.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 42 |
| Growth | 90 |
| Profitability | 87 |
| Health | 50 |
| Quality | 47 |
| Moat | 100 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [x] Revenue growing — +16.5% YoY
- [x] Profitable — $1.01B TTM
- [x] Profit growing — +21.9% YoY
- [x] Generates cash — $1.67B TTM
- [x] Debt under control — current ratio 5.46
- [x] Established company — $48.0B market cap
- [x] Not printing shares — +3.9% shares over ~5y
- [x] Proven track record — 11/11 profitable years
- [ ] Financially stable — health score 50/100
- [x] Valuation not extreme — P/E 47.2

## Experience (career milestones)

- **FY2026** — Best year on record: $909M net income
- **FY2020** — Revenue crossed $1B: $1.10B for the year
- **FY2016** — Profitable every year on record: 11 consecutive profitable years in our data
- **FY2016** — Positive free cash flow every year since: 11-year streak

## Strengths

- High gross margin (75.0%)
- Strongly profitable — 29.3% net margin
- Revenue growing 16.5% year over year
- Strong cash conversion — FCF is 48.2% of revenue
- Interest covered 189.7× by operating earnings

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $1.85B | $427M | $750M |
| FY2023 | $2.16B | $488M | $780M |
| FY2024 | $2.36B | $526M | $911M |
| FY2025 | $2.75B | $714M | $1.09B |
| FY2026 | $3.20B | $909M | $1.42B |

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Source: https://stockcv.com/VEEV — derived from company filings; may be delayed or incomplete. Information, not investment advice.