Salesforce Files Q3 FY25 10-Q
Ticker: CRM · Form: 10-Q · Filed: Dec 4, 2024 · CIK: 1108524
| Field | Detail |
|---|---|
| Company | Salesforce, Inc. (CRM) |
| Form Type | 10-Q |
| Filed Date | Dec 4, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-filing, financials
TL;DR
Salesforce dropped its Q3 FY25 10-Q. Check financials.
AI Summary
Salesforce, Inc. filed its 10-Q for the period ending October 31, 2024. The filing covers the third quarter of their fiscal year 2025. Key financial details and business operations for this period are disclosed.
Why It Matters
This filing provides investors with the latest financial performance and operational updates 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 disclosures.
Key Players & Entities
- Salesforce, Inc. (company) — Filer of the 10-Q
- 20241031 (date) — End of reporting period
- 20241204 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is October 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on December 4, 2024.
What is the fiscal year end for Salesforce, Inc.?
Salesforce, Inc.'s fiscal year ends on January 31.
What is the former name of Salesforce, Inc.?
The former name of Salesforce, Inc. was SALESFORCE.COM, INC. and SALESFORCE COM INC.
What is the SEC file number for Salesforce, Inc.?
The SEC file number for Salesforce, Inc. is 001-32224.
Filing Stats: 4,816 words · 19 min read · ~16 pages · Grade level 17.8 · Accepted 2024-12-03 21:04:12
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share CRM New York Stock Exchange
Filing Documents
- crm-20241031.htm (10-Q) — 2163KB
- ex103-weavertransitionagre.htm (EX-10.3) — 89KB
- ex311-ceocertq3fy25.htm (EX-31.1) — 8KB
- ex312-cfocertq3fy25.htm (EX-31.2) — 8KB
- ex321-soxcertsq3fy25.htm (EX-32.1) — 6KB
- 0001108524-24-000034.txt ( ) — 9683KB
- crm-20241031.xsd (EX-101.SCH) — 48KB
- crm-20241031_cal.xml (EX-101.CAL) — 89KB
- crm-20241031_def.xml (EX-101.DEF) — 255KB
- crm-20241031_lab.xml (EX-101.LAB) — 721KB
- crm-20241031_pre.xml (EX-101.PRE) — 488KB
- crm-20241031_htm.xml (XML) — 1605KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements: Condensed Consolidated Balance Sheets as of October 31, 2024 and January 31, 2024 3 Condensed Consolidated Statements of Operations for the three and nine months ended October 31, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended October 31, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the three and nine months ended October 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the three and nine months ended October 31, 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 30
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 43
Controls and Procedures
Item 4. Controls and Procedures 46
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 47
Risk Factors
Item 1A. Risk Factors 47
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 71
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 71
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 71
Other Information
Item 5. Other Information 71
Exhibits
Item 6. Exhibits 71
Signatures
Signatures 73 2 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS Salesforce, Inc. Condensed Consolidated Balance Sheets (in millions) October 31, 2024 January 31, 2024 Assets (unaudited) Current assets: Cash and cash equivalents $ 7,997 $ 8,472 Marketable securities 4,760 5,722 Accounts receivable, net 4,741 11,414 Costs capitalized to obtain revenue contracts, net 1,836 1,905 Prepaid expenses and other current assets 2,091 1,561 Total current assets 21,425 29,074 Property and equipment, net 3,416 3,689 Operating lease right-of-use assets, net 2,167 2,366 Noncurrent costs capitalized to obtain revenue contracts, net 2,121 2,515 Strategic investments 4,845 4,848 Goodwill 49,093 48,620 Intangible assets acquired through business combinations, net 4,119 5,278 Deferred tax assets and other assets, net 4,209 3,433 Total assets $ 91,395 $ 99,823 Liabilities and stockholders' equity Current liabilities: Accounts payable, accrued expenses and other liabilities $ 5,331 $ 6,111 Operating lease liabilities, current 572 518 Unearned revenue 13,472 19,003 Debt, current 0 999 Total current liabilities 19,375 26,631 Noncurrent debt 8,432 8,427 Noncurrent operating lease liabilities 2,420 2,644 Other noncurrent liabilities 2,643 2,475 Total liabilities 32,870 40,177 Stockholders' equity: Common stock 1 1 Treasury stock, at cost ( 19,414 ) ( 11,692 ) Additional paid-in capital 63,114 59,841 Accumulated other comprehensive loss ( 225 ) ( 225 ) Retained earnings 15,049 11,721 Total stockholders' equity 58,525 59,646 Total liabilities and stockholders' equity $ 91,395 $ 99,823 See accompanying Notes. 3 Table of Contents Salesforce, Inc. Condensed Consolidated Statements of Operations (in millions, except per share data) (unaudited) 3 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Subscription and support $ 8,879 $ 8,141 $ 26,228 $ 23,789 Professional services and other 565 579 1,674 1,781 Total revenues 9,444 8,7