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Financials · VEEA

Veea Inc. (VEEA) financials

For fiscal 2025 (ended Dec 31, 2025), Veea Inc. reported $222.0K of revenue and -$6.66M of net income.

Revenue, FY2025
$222.0K
Revenue growth, YoY
+56.6%
Net income, FY2025
-$6.66M
Net margin
-2999.8%
Free cash flow, FY2025
-$15.24M
EPS, diluted, FY2025
-$0.16
Cash
$1.94M
Total debt
$10.55M
P/S
62.07
Market cap
$13.8M
Annual revenue$222.0K
FY2021FY2025
Annual net income-$6.66M
FY2021FY2025
Annual free cash flow-$15.24M
FY2023FY2025

VEEA revenue and earnings growth

VEEA revenueQ2 2026$176.2K

Quarter YoY
+141.6%
QoQ
-2.3%
FY YoY
+56.6%

VEEA revenue was $176.2K in fiscal Q2 2026 (ended Jun 30, 2026), up 141.6% from a year earlier and down 2.3% from the prior quarter. For the full fiscal 2025 it was $222.0K, up 56.6% from fiscal 2024.

VEEA net incomeQ2 2026-$4.03M

VEEA net income was -$4.03M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$7.41M a year earlier. For the full fiscal 2025 it was -$6.66M, compared with -$47.55M in fiscal 2024.

VEEA EPSQ2 2026-$0.08

VEEA diluted EPS was -$0.08 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.19 a year earlier. For the full fiscal 2025 it was -$0.16.

VEEA free cash flowFY2025-$15.24M

VEEA free cash flow was -$15.24M for fiscal 2025 (ended Dec 31, 2025), compared with -$25.64M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Revenue$222.0K$141.8K$9.07M$0$2
Cost of revenue$70.0K$83.3K$466.8K--
Gross profit$152.0K$58.5K$8.61M--
Research and development$328.4K$1.37M$693.4K--
Selling, general and admin$17.65M$26.64M$17.24M--
Operating income-$18.84M-$84.08M-$10.36M-$4.07M-$2.92M
Interest expense$2.20M$1.81M$5.32M--
Income tax$670$15.3K$74.5K--
Net income-$6.66M-$47.55M-$15.64M$10.58M$6.59M
EPS, basic-$0.16-$1.88-$0.97--
EPS, diluted-$0.16-$1.88-$0.97--
Diluted shares42.8M25.3M16.2M--

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Cash and equivalents$133.9K$1.69M$6.01M$185.9K$107.2K
Receivables$139.8K$84.7K$52.8K--
Inventory$9.65M$7.46M$7.38M--
Current assets$15.57M$14.88M$13.95M$130.0K$450.9K
Goodwill$5.10M$4.78M$4.80M$4.58M-
Total assets$28.22M$21.09M$20.84M$324.04M$319.73M
Current liabilities$31.82M$20.14M$32.19M$3.88M$1.17M
Long-term debt-$37.3K---
Total debt$1.80M$37.3K$23.87M--
Total liabilities$37.97M$38.12M$32.30M$15.43M$21.70M
Shareholders' equity-$9.75M-$17.02M-$11.47M-$30.30M-$21.18M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Operating cash flow-$15.23M-$25.60M-$12.65M-$1.02M-$2.14M
Capital expenditures$8.2K$46.2K$35.0K--
Free cash flow-$15.24M-$25.64M-$12.69M--
Investing cash flow-$247.3K-$265.4K-$155.1K$0-$319.22M
Financing cash flow$13.94M$21.57M$18.57M$1.00M$321.46M
Share repurchases--$294.25M--
Stock-based compensation$1.14M$6.70M$484.6K--
Depreciation and amortization$632.5K$273.8K$818.2K--

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Revenue growth, YoY56.6%-98.4%--100.0%-
Net income growth, YoY---60.4%-
Gross margin68.5%41.2%94.9%--
Operating margin-8483.7%-59309.8%-114.2%--145845950.0%
Net margin-2999.8%-33541.0%-172.4%-329700850.0%
Free cash flow margin-6862.5%-18087.8%-139.9%--
Return on assets-23.6%-225.4%-75.1%3.3%2.1%
Current ratio0.490.740.430.030.39

Source: XBRL data Veea Inc. files with the SEC, latest filing dated Aug 12, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

VEEA peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
VEEA$222.0K+56.6%-$6.66M-2999.8%$13.8M
ADP$22.26B+6.5%$4.53B20.3%$120.58B
INFY$20.16B+4.6%$3.31B16.4%$51.05B
WDAY$10.15B+13.3%$1.25B12.3%$45.52B
ZS$3.35B+25.4%-$63.18M-1.9%$31.78B
CTSH$21.89B+5.0%$2.57B11.8%$29.06B
VRSN$1.73B+6.5%$849.80M49.1%$27.91B
VRSK$3.18B+4.9%$879.20M27.7%$26.17B
IOT$1.85B+29.5%$90.55M4.9%$24.27B

VEEA FAQ

9 questions
  • What is VEEA revenue?
    Veea Inc. (VEEA) reported $222.0K of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 56.6% from the year before.
  • Is VEEA profitable?
    No. Veea Inc. reported a net loss of $6.66M for fiscal 2025 (ended Dec 31, 2025).
  • How much cash and debt does VEEA have?
    Veea Inc. reported $1.94M in cash and cash equivalents and $10.55M of debt on its most recent balance sheet in SEC filings.
  • How fast is VEEA revenue growing?
    Veea Inc.'s revenue changed +56.6% in fiscal 2025, to $222.0K.
  • What is VEEA gross margin?
    Veea Inc.'s gross profit was $152.0K on $222.0K of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 68.5%.
  • What is VEEA free cash flow?
    Veea Inc. generated -$15.24M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$15.23M less capital expenditures.
  • What is VEEA earnings per share?
    Diluted earnings per share were -$0.16 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did VEEA last report financial results?
    The latest statements here come from Veea Inc.'s 10-Q filed on Aug 12, 2026, covering the period ended Jun 30, 2026.
  • Where does this VEEA financial data come from?
    Quantisnow builds these statements from the structured XBRL data Veea Inc. files with the SEC. It is provided for information only and is not investment advice.