NASDAQ : VEEA
Veea Inc. — Financial statements
Technology · Information Technology Services · United States
Last price 4.82 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 14.99M
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Financial statements
Veea Inc. (VEEA) reported revenue of 491.49K USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 491.49K | 222.02K | 141.76K | 9.07M | 224.05K | 2.80M |
| Cost of Revenue | 126.34K | 69.98K | 83.29K | 466.80K | 285.31K | 2.76M |
| Gross Profit | 365.15K | 152.04K | 58.47K | 8.61M | -61.26K | 42.83K |
| Selling, General & Admin | 19.37M | 18.00M | 27.45M | 17.45M | 20.46M | 21.82M |
| Research & Development | 400.17K | 328.42K | 1.37M | 693.45K | 3.23M | 5.68M |
| Other Operating Expenses | -1.20M | -1.20M | -1.25M | -1.29M | ||
| Operating Expenses | 19.40M | 17.76M | 27.85M | 18.97M | 25.57M | 30.60M |
| Operating Income | -19.04M | -17.61M | -27.79M | -10.36M | -25.63M | -30.56M |
| Interest Expense | -2.24M | -2.20M | -1.81M | -5.32M | -8.58M | -4.14M |
| Interest & Investment Income | 1.94K | 9.00K | 9.00K | |||
| Currency Exchange Gain (Loss) | -2.19M | -159.84K | ||||
| Other Non Operating Income (Expenses) | 16.03M | 13.17M | 37.09M | 38.12K | -50.04K | |
| EBT Excluding Unusual Items | -5.25M | -6.64M | 7.49M | -15.64M | -36.44M | -34.85M |
| Asset Writedown | -1.46M | |||||
| Other Unusual Items | -6.92M | -25.00K | -55.04M | 1.24M | 1.05M | |
| Pretax Income | -12.25M | -6.66M | -47.55M | -15.64M | -35.20M | -35.26M |
| Earnings From Continuing Operations | -12.25M | -6.66M | -47.55M | -15.64M | -35.20M | -35.26M |
| Minority Interest in Earnings | 32.95K | 191.37K | ||||
| Net Income | -12.25M | -6.66M | -47.55M | -15.64M | -35.17M | -35.07M |
| Net Income to Common | -12.25M | -6.66M | -47.55M | -15.64M | -35.17M | -35.07M |
| Shares Outstanding (Basic) | 2.48M | 2.14M | 1.26M | 807.74K | 360.18K | 357.57K |
| Shares Outstanding (Diluted) | 2.48M | 2.14M | 1.26M | 807.74K | 360.18K | 357.57K |
| EPS (Basic) | -4.94 | -3.11 | -37.65 | -19.36 | -97.64 | -98.07 |
| EPS (Diluted) | -5.06 | -3.20 | -37.65 | -19.36 | -97.64 | -98.07 |
| Free Cash Flow | -19.32M | -15.24M | -25.64M | -12.69M | -22.06M | -29.56M |
| Free Cash Flow Per Share | -7.79 | -7.12 | -20.30 | -15.71 | -61.24 | -82.68 |
| Gross Margin | 74.30% | 68.48% | 41.25% | 94.86% | -27.34% | 1.53% |
| Operating Margin | -3,873.69% | -7,930.79% | -19,601.98% | -114.19% | -11,438.28% | -1,091.15% |
| Profit Margin | -2,491.86% | -2,999.77% | -33,541.03% | -172.38% | -15,695.95% | -1,252.27% |
| Free Cash Flow Margin | -3,931.11% | -6,862.49% | -18,087.76% | -139.85% | -9,844.20% | -1,055.73% |
| EBITDA | -18.62M | -17.40M | -27.51M | -9.54M | -23.75M | -27.94M |
| EBITDA Margin | -105.17% | |||||
| D&A For EBITDA | 417.29K | 209.14K | 273.77K | 818.20K | 1.88M | 2.61M |
| EBIT | -19.04M | -17.61M | -27.79M | -10.36M | -25.63M | -30.56M |
| EBIT Margin | -114.19% | |||||
| Revenue as Reported | 2.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 886.97K | 133.86K | 1.69M | 6.01M | 185.88K | 951.04K |
| Cash & Short-Term Investments | 886.97K | 133.86K | 1.69M | 6.01M | 185.88K | 951.04K |
| Receivables | 370.42K | 139.83K | 84.66K | 52.84K | 25.00K | |
| Inventory | 14.56M | 14.65M | 12.46M | 7.38M | 7.55M | 4.72M |
| Prepaid Expenses | 176.09K | 300.06K | 312.24K | 177.03K | 124.89K | 1.86M |
| Other Current Assets | 386.43K | 338.34K | 337.36K | 336.64K | ||
| Total Current Assets | 16.38M | 15.57M | 14.88M | 13.95M | 7.88M | 7.54M |
| Property, Plant & Equipment | 77.79K | 91.81K | 210.63K | 922.08K | 1.92M | 2.89M |
| Long-Term Investments | 253.98K | 235.60K | 451.87K | 625.94K | 607.59K | |
| Goodwill | 5.09M | 5.10M | 4.78M | 4.80M | 4.58M | 5.12M |
| Other Intangible Assets | 7.14M | 7.43M | 786.06K | 628.48K | 1.06M | 2.25M |
| Other Long-Term Assets | 1.14M | 34.32K | 202.86K | 85.59K | 96.29K | 132.09K |
| Total Assets | 30.08M | 28.22M | 21.09M | 20.84M | 16.16M | 18.53M |
| Accounts Payable | 2.27M | 4.05M | 1.29M | 1.08M | 4.40M | 1.70M |
| Accrued Expenses | 1.98M | 1.53M | 1.91M | 7.01M | 7.23M | 11.27M |
| Short-Term Debt | 1.94M | 4.10M | ||||
| Current Portion of Long-Term Debt | 1.75M | 15.66M | 12.70M | 21.60M | 33.42M | 69.55M |
| Current Portion of Leases | 121.58K | 445.85K | 861.03K | 855.41K | ||
| Other Current Liabilities | 2.47M | 6.47M | 4.11M | 2.05M | 250.00K | |
| Total Current Liabilities | 10.41M | 31.82M | 20.14M | 32.19M | 45.91M | 83.62M |
| Long-Term Debt | 9.75M | 37.32K | 1.22M | |||
| Long-Term Leases | 119.42K | 548.44K | 1.34M | |||
| Other Long-Term Liabilities | 1.87M | 6.15M | 17.95M | |||
| Total Liabilities | 22.03M | 37.97M | 38.12M | 32.30M | 46.46M | 86.18M |
| Common Stock | 5.71K | 5.05K | 3.62K | 1.96K | 72.00 | 72.00 |
| Additional Paid-In Capital | 242.72M | 215.99M | 200.67M | 159.48M | 123.78M | 52.57M |
| Retained Earnings | -233.19M | -224.49M | -217.83M | -170.28M | -154.64M | -119.48M |
| Comprehensive Income & Other | -1.48M | -1.25M | 134.39K | -661.35K | 772.03K | -559.78K |
| Total Common Equity | 8.05M | -9.75M | -17.02M | -11.47M | -30.09M | -67.46M |
| Minority Interest | -205.56K | -183.97K | ||||
| Shareholders' Equity | 8.05M | -9.75M | -17.02M | -11.47M | -30.30M | -67.65M |
| Total Liabilities & Equity | 30.08M | 28.22M | 21.09M | 20.84M | 16.16M | 18.53M |
| Total Debt | 13.44M | 19.76M | 12.86M | 22.16M | 34.83M | 72.96M |
| Net Cash (Debt) | -12.55M | -19.63M | -11.17M | -16.15M | -34.64M | -72.01M |
| Net Cash Per Share | -5.06 | -9.17 | -8.85 | -20.00 | -96.18 | -201.39 |
| Filing Date Shares Outstanding | 3.11M | 2.52M | 1.82M | 7.24M | 7.20M | 357.57K |
| Total Common Shares Outstanding | 2.85M | 2.52M | 1.81M | 7.24M | 7.20M | 357.57K |
| Working Capital | 5.97M | -16.25M | -5.26M | -18.23M | -38.03M | -76.08M |
| Book Value Per Share | 2.82 | -3.86 | -9.41 | -1.58 | -4.18 | -188.67 |
| Tangible Book Value | -4.18M | -22.28M | -22.59M | -16.89M | -35.73M | -74.84M |
| Tangible Book Value Per Share | -1.46 | -8.83 | -12.48 | -2.33 | -4.96 | -209.29 |
| Machinery | 1.08M | 1.05M | 1.03M | 983.86K | 959.48K | 1.13M |
| Leasehold Improvements | 390.74K | 390.74K | 390.74K | 390.74K | 390.74K | 390.74K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -12.25M | -6.66M | -47.55M | -15.64M | -35.17M | -35.07M |
| Depreciation & Amortization | 417.29K | 326.50K | 701.82K | 1.61M | 2.62M | 3.30M |
| Other Amortization | 1.15M | 1.59M | 287.32K | 2.01M | 753.23K | 1.78M |
| Asset Writedown & Restructuring Costs | 15.91K | 1.46M | ||||
| Loss (Gain) From Sale of Investments | 235.88K | 235.88K | 216.28K | 174.07K | ||
| Stock-Based Compensation | 2.11M | 1.55M | 6.70M | 484.58K | 845.45K | 478.85K |
| Other Operating Activities | -10.01M | -15.27M | 18.45M | -32.97K | 6.77M | -547.47K |
| Change in Accounts Receivable | -321.63K | -54.26K | -31.78K | -27.84K | -25.00K | 111.27K |
| Change in Inventory | -118.83K | -794.32K | -639.34K | -147.98K | -3.19M | -955.24K |
| Change in Accounts Payable | -1.64M | 3.41M | 341.91K | -1.59M | 2.66M | -927.54K |
| Change in Other Net Operating Assets | 1.14M | 431.06K | -4.07M | 505.88K | 2.69M | 887.04K |
| Operating Cash Flow | -19.29M | -15.23M | -25.60M | -12.65M | -22.03M | -29.48M |
| Capital Expenditures | -35.71K | -8.21K | -46.20K | -34.97K | -30.77K | -84.73K |
| Sale (Purchase) of Intangibles | -164.12K | -239.13K | -219.24K | -120.09K | -218.50K | -175.83K |
| Investment in Securities | -253.98K | -225.00K | ||||
| Investing Cash Flow | -453.81K | -247.34K | -265.44K | -155.05K | -249.26K | -485.56K |
| Short-Term Debt Issued | 5.51M | 5.29M | 9.05M | 6.30M | ||
| Long-Term Debt Issued | 2.30M | 5.15M | 10.25M | 12.00M | 39.00M | |
| Total Debt Issued | 30.12M | 7.81M | 10.44M | 10.25M | 21.05M | 45.30M |
| Long-Term Debt Repaid | -10.98M | -15.30M | ||||
| Net Debt Issued (Repaid) | 16.12M | 7.81M | 10.44M | -731.61K | 21.05M | 30.00M |
| Issuance of Common Stock | 5.36M | 6.13M | 10.04M | 17.26M | 24.88K | |
| Other Financing Activities | 1.10M | 2.05M | 250.00K | |||
| Financing Cash Flow | 21.47M | 13.94M | 21.57M | 18.57M | 21.52M | 30.27M |
| Foreign Exchange Rate Adjustments | -28.45K | -13.21K | -36.74K | 58.18K | -15.53K | -4.08K |
| Miscellaneous Cash Flow Adjustments | 1.00 | |||||
| Net Cash Flow | 1.70M | -1.55M | -4.32M | 5.82M | -765.16K | 304.75K |
| Free Cash Flow | -19.32M | -15.24M | -25.64M | -12.69M | -22.06M | -29.56M |
| Free Cash Flow Margin | -3,931.11% | -6,862.49% | -18,087.76% | -139.85% | -9,844.20% | -1,055.73% |
| Free Cash Flow Per Share | -7.79 | -7.12 | -20.30 | -15.71 | -61.24 | -82.68 |
| Levered Free Cash Flow | -15.87M | -6.65M | -19.15M | -7.58M | -20.11M | |
| Unlevered Free Cash Flow | -15.19M | -6.44M | -18.31M | -6.27M | -15.50M | |
| Cash Interest Paid | 804.95K | 804.95K | 504.43K | 892.34K | 353.60K | 231.33K |
| Cash Income Tax Paid | 30.40K | 12.08K | ||||
| Change in Working Capital | -935.81K | 2.99M | -4.40M | -1.26M | 2.13M | -884.48K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.99M | 31.97M | 135.97M | 121.91M | 402.21M | 388.25M |
| Enterprise Value | 27.54M | 48.21M | 146.41M | |||
| Last Close Price | 4.82 | 12.75 | 76.20 | 217.00 | 201.60 | 194.60 |
| PS Ratio | 30.51 | 144.01 | 959.13 | 13.44 | 1,795.17 | 138.64 |
| PB Ratio | 1.71 | -3.28 | -7.99 | -10.63 | -13.28 | -5.74 |
| EV/Sales Ratio | 56.04 | 217.16 | 1,032.83 | |||
| Debt / Equity Ratio | 1.67 | -2.03 | -0.76 | -1.93 | -1.15 | -1.08 |
| Net Debt / Equity Ratio | 1.56 | -2.01 | -0.66 | -1.41 | -1.14 | -1.06 |
| Net Debt / EBITDA Ratio | -0.67 | -1.13 | -0.41 | -1.69 | -1.46 | -2.58 |
| Net Debt / FCF Ratio | -0.65 | -1.29 | -0.44 | -1.27 | -1.57 | -2.44 |
| Asset Turnover | 0.02 | 0.01 | 0.01 | 0.49 | 0.01 | |
| Inventory Turnover | 0.01 | 0.01 | 0.01 | 0.06 | 0.05 | |
| Quick Ratio | 0.12 | 0.01 | 0.09 | 0.19 | 0.01 | 0.01 |
| Current Ratio | 1.57 | 0.49 | 0.74 | 0.43 | 0.17 | 0.09 |
| Return on Assets (ROA) | -40.55% | -44.63% | -82.84% | -35.00% | -92.33% | |
| Return on Capital Employed (ROCE) | -96.80% | 489.40% | -2,901.40% | 91.30% | 86.10% | 46.90% |
| Earnings Yield | -104.96% | -20.83% | -34.97% | -12.83% | -8.74% | -9.03% |
| FCF Yield | -128.86% | -47.65% | -18.86% | -10.41% | -5.48% | -7.61% |
| Buyback Yield / Dilution | -47.64% | -69.48% | -56.35% | -124.26% | -0.73% |