Veeva Systems Inc.: 10-K Risk Factor Changes

2025 vs 2024  ·  SEC EDGAR  ·  2026-07-05
Other years: 2026 vs 2025
✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

1
New Risks
1
Removed
8
Modified
35
Unchanged
🟢 New in Current Filing Incorporating AI in our solutions may result in reputational harm and increased liability. 🔒
🔴 No Match in Current Filing Our core Veeva CRM application has achieved substantial market penetration of pharmaceutical and biotechnology companies. If our efforts to sustain or further increase the use and adoption of our core CRM application do not succeed, the growth of our Commercial Solutions revenues may be negatively impacted. 🔒
🟡 Modified Summary of Risk Factors 🔒
🟡 Modified We are currently dependent upon Salesforce, Inc’s. platform for our Veeva CRM application. 🔒
🟡 Modified The markets in which we participate are highly competitive, and if we do not compete effectively, our business and operating results could be adversely affected. 🔒
🟡 Modified Our historic growth rates of total revenues and subscription services revenues should not be viewed as indicative of our future performance. 🔒
🟡 Modified Because we recognize subscription services revenues ratably over the term of an order for our subscription services, our short-term results of operations may not reflect a decline in sales and may not be indicative of future results. 🔒
🟡 Modified Catastrophic events could disrupt our business and adversely affect our operating results. 🔒
🟡 Modified The migration of our CRM customers to our Vault CRM applications built on our own Veeva Vault platform could cause business disruptions for customers, lead to the loss of our customers to competitors, and adversely affect our operating results. 🔒
🟡 Modified If our newer solutions are not successfully adopted by new and existing customers, the growth rate of our revenues and operating results will be adversely affected. 🔒
10 changes in this historical filing

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