Salesforce Files Q1 FY25 10-Q Report

TL;DR

Salesforce dropped its Q1 FY25 10-Q. Check financials.

AI Summary

Salesforce, Inc. filed its 10-Q for the period ending April 30, 2024. The filing covers the first quarter of fiscal year 2025. Key financial data and business operations for this period are detailed within the report.

Why It Matters

This report provides investors and analysts with the latest financial performance and operational insights for Salesforce, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial information.

Key Players & Entities

• Salesforce, Inc. (company) — Filer of the 10-Q report
• 20240430 (date) — End of the reporting period
• 20240530 (date) — Date of filing

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share CRM New York Stock Exchange

Filing Documents

• crm-20240430.htm (10-Q) — 1709KB
• ex101-annualperformancebon.htm (EX-10.1) — 35KB
• ex102-2013equityincentivep.htm (EX-10.2) — 204KB
• ex103-2014inducementplan.htm (EX-10.3) — 169KB
• ex104-2013equityincentivep.htm (EX-10.4) — 259KB
• ex105-2014inducementplanfo.htm (EX-10.5) — 82KB
• ex106-sabastiannilesofferl.htm (EX-10.6) — 29KB
• ex311-ceocertq1fy25.htm (EX-31.1) — 8KB
• ex312-cfocertq1fy25.htm (EX-31.2) — 8KB
• ex321-soxcertsq1fy25.htm (EX-32.1) — 6KB
• image.jpg (GRAPHIC) — 36KB
• image1.jpg (GRAPHIC) — 22KB
• image2.jpg (GRAPHIC) — 22KB
• image3.jpg (GRAPHIC) — 30KB
• 0001108524-24-000009.txt ( ) — 9474KB
• crm-20240430.xsd (EX-101.SCH) — 47KB
• crm-20240430_cal.xml (EX-101.CAL) — 89KB
• crm-20240430_def.xml (EX-101.DEF) — 248KB
• crm-20240430_lab.xml (EX-101.LAB) — 691KB
• crm-20240430_pre.xml (EX-101.PRE) — 471KB
• crm-20240430_htm.xml (XML) — 1338KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements: Condensed Consolidated Balance Sheets as of April 30, 2024 and January 31, 2024 3 Condensed Consolidated Statements of Operations for the three months ended April 30, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income for the three months ended April 30, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the three months ended April 30, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the three months ended April 30, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 9

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 29

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 40

Controls and Procedures

Item 4. Controls and Procedures 43

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 44

Risk Factors

Item 1A. Risk Factors 44

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 68

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 68

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 68

Other Information

Item 5. Other Information 68

Exhibits

Item 6. Exhibits 68

Signatures

Signatures 70 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS Salesforce, Inc. Condensed Consolidated Balance Sheets (in millions) April 30, 2024 January 31, 2024 Assets (unaudited) Current assets: Cash and cash equivalents $ 9,958 $ 8,472 Marketable securities 7,712 5,722 Accounts receivable, net 4,273 11,414 Costs capitalized to obtain revenue contracts, net 1,865 1,905 Prepaid expenses and other current assets 1,796 1,561 Total current assets 25,604 29,074 Property and equipment, net 3,506 3,689 Operating lease right-of-use assets, net 2,255 2,366 Noncurrent costs capitalized to obtain revenue contracts, net 2,286 2,515 Strategic investments 4,978 4,848 Goodwill 48,940 48,620 Intangible assets acquired through business combinations, net 4,869 5,278 Deferred tax assets and other assets, net 3,742 3,433 Total assets $ 96,180 $ 99,823 Liabilities and stockholders' equity Current liabilities: Accounts payable, accrued expenses and other liabilities $ 5,520 $ 6,111 Operating lease liabilities, current 568 518 Unearned revenue 16,061 19,003 Debt, current 1,000 999 Total current liabilities 23,149 26,631 Noncurrent debt 8,429 8,427 Noncurrent operating lease liabilities 2,519 2,644 Other noncurrent liabilities 2,400 2,475 Total liabilities 36,497 40,177 Stockholders' equity: Common stock 1 1 Treasury stock, at cost ( 13,860 ) ( 11,692 ) Additional paid-in capital 60,946 59,841 Accumulated other comprehensive loss ( 270 ) ( 225 ) Retained earnings 12,866 11,721 Total stockholders' equity 59,683 59,646 Total liabilities and stockholders' equity $ 96,180 $ 99,823 See accompanying Notes. 3 Table of Contents Salesforce, Inc. Condensed Consolidated Statements of Operations (in millions, except per share data) (unaudited) 1 Three Months Ended April 30, 2024 2023 Revenues: Subscription and support $ 8,585 $ 7,642 Professional services and other 548 605 Total revenues 9,133 8,247 Cost of revenues (1)(2): Subscription and support 1,560 1,510 Pr

View Full Filing

View this 10-Q filing on SEC EDGAR