VEEA INC Financials
VEEA INC (VEEA) reported $222K in revenue for fiscal year 2025, up 56.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Tiny revenue and external financing still carry the business, showing commercialization remains far behind the cost base.
From FY2024 to FY2025, the net loss shrank from-$47.5M to-$6.7M . But operating cash burn was still-$15.2M on just$222K of revenue, so the apparent improvement looks more like accounting relief than evidence the business has reached self-funding scale.
FY2025 gross profit was only
The balance sheet remains financing-dependent: cash ended FY2025 at
Financial Health Signals
VEEA INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
VEEA INC scores -13.89, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($8.6M) relative to total liabilities ($38.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
VEEA INC passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
VEEA INC reported a net loss of $6.7M while operations used $15.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
VEEA INC reported an operating loss of $18.8M against $2.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
VEEA INC generated $222K in revenue in fiscal year 2025. This represents an increase of 56.6% from the prior year.
VEEA INC's EBITDA was -$18.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 78.3% from the prior year.
VEEA INC reported -$6.7M in net income in fiscal year 2025. This represents an increase of 86.0% from the prior year.
Cash & Balance Sheet
VEEA INC recorded an outflow of $15.2M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 40.6% from the prior year.
VEEA INC held $134K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
VEEA INC's gross margin was 68.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 27.2 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Capital Allocation
VEEA INC invested $328K in research and development in fiscal year 2025. This represents a decrease of 76.1% from the prior year.
VEEA INC invested $8K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 82.2% from the prior year.
Not reported for fiscal year 2025.
VEEA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Revenue | $222K+56.6% | $142K-98.4% | $9.1M | N/A | N/A |
| Cost of Revenue | $70K-16.0% | $83K-82.2% | $467K | N/A | N/A |
| Gross Profit | $152K+160.0% | $58K-99.3% | $8.6M | N/A | N/A |
| R&D Expenses | $328K-76.1% | $1.4M+98.0% | $693K | N/A | N/A |
| SG&A Expenses | $17.7M-33.7% | $26.6M+54.5% | $17.2M | N/A | N/A |
| Operating Income | -$18.8M+77.6% | -$84.1M-711.6% | -$10.4M-154.3% | -$4.1M-39.7% | -$2.9M |
| Interest Expense | $2.2M+3356.7% | $64K-18.4% | $78K | N/A | N/A |
| Income Tax | $670-95.6% | $15K-79.4% | $74K | N/A | N/A |
| Net Income | -$6.7M+86.0% | -$47.5M-204.0% | -$15.6M-247.8% | $10.6M+60.4% | $6.6M |
| EPS (Diluted) | -$0.16 | -$1.88 | -$0.97 | N/A | N/A |
VEEA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Total Assets | $28.2M+33.8% | $21.1M+1.2% | $20.8M-93.6% | $324.0M+1.3% | $319.7M |
| Current Assets | $15.6M+4.6% | $14.9M+6.6% | $14.0M+10629.8% | $130K-71.2% | $451K |
| Cash & Equivalents | $134K-92.1% | $1.7M-72.0% | $6.0M+6856.0% | $86K-19.4% | $107K |
| Inventory | $9.7M+29.4% | $7.5M+1.1% | $7.4M | N/A | N/A |
| Goodwill | $5.1M+6.7% | $4.8M-0.4% | $4.8M+4.8% | $4.6M | N/A |
| Total Liabilities | $38.0M-0.4% | $38.1M+18.0% | $32.3M-90.9% | $354.3M+3.9% | $340.9M |
| Current Liabilities | $31.8M+58.0% | $20.1M-37.4% | $32.2M+730.4% | $3.9M+231.0% | $1.2M |
| Long-Term Debt | N/A | $12.8M-46.4% | $23.9M | N/A | N/A |
| Total Equity | -$9.8M+42.7% | -$17.0M-48.5% | -$11.5M+62.2% | -$30.3M-43.0% | -$21.2M |
| Retained Earnings | -$224.5M-3.1% | -$217.8M-27.9% | -$170.3M-1013.1% | -$15.3M+27.8% | -$21.2M |
Not reported in any period shown, so not listed: Accounts Receivable.
VEEA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$15.2M+40.5% | -$25.6M-102.3% | -$12.7M-1139.5% | -$1.0M+52.3% | -$2.1M |
| Capital Expenditures | $8K-82.2% | $46K+32.1% | $35K | N/A | N/A |
| Free Cash Flow | -$15.2M+40.6% | -$25.6M-102.1% | -$12.7M | N/A | N/A |
| Investing Cash Flow | -$247K+6.8% | -$265K-71.2% | -$155K | $0+100.0% | -$319.2M |
| Financing Cash Flow | $13.9M-35.4% | $21.6M+16.1% | $18.6M+1757.4% | $1.0M-99.7% | $321.5M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
VEEA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Gross Margin | 68.5%+27.2pp | 41.3%-53.6pp | 94.8% | N/A | N/A |
| Operating Margin | -8483.7% | -59309.8% | -114.2% | N/A | N/A |
| Net Margin | -2999.8% | -33541.0% | -172.4% | N/A | N/A |
| Return on Assets | -23.6%+201.8pp | -225.4%-150.4pp | -75.0%-78.3pp | 3.3%+1.2pp | 2.1% |
| Current Ratio | 0.49-0.2x | 0.74+0.3x | 0.43+0.4x | 0.03-0.4x | 0.39 |
| FCF Margin | -6862.5% | -18087.8% | -139.8% | N/A | N/A |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$9.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.49), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where VEEA INC Ranks
Frequently Asked Questions
What is VEEA INC's annual revenue?
VEEA INC (VEEA) reported $222K in total revenue for fiscal year 2025. This represents a 56.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is VEEA INC's revenue growing?
VEEA INC (VEEA) revenue grew by 56.6% year-over-year, from $142K to $222K in fiscal year 2025.
Is VEEA INC profitable?
No, VEEA INC (VEEA) reported a net income of -$6.7M in fiscal year 2025.
What is VEEA INC's EBITDA?
VEEA INC (VEEA) had EBITDA of -$18.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is VEEA INC's gross margin?
VEEA INC (VEEA) had a gross margin of 68.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is VEEA INC's free cash flow?
VEEA INC (VEEA) recorded an outflow of $15.2M in free cash flow during fiscal year 2025. This represents a 40.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is VEEA INC's operating cash flow?
VEEA INC (VEEA) recorded an outflow of $15.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are VEEA INC's total assets?
VEEA INC (VEEA) had $28.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are VEEA INC's capital expenditures?
VEEA INC (VEEA) invested $8K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does VEEA INC spend on research and development?
VEEA INC (VEEA) invested $328K in research and development during fiscal year 2025.
What is VEEA INC's current ratio?
VEEA INC (VEEA) had a current ratio of 0.49 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is VEEA INC's return on assets (ROA)?
VEEA INC (VEEA) had a return on assets of -23.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is VEEA INC's cash runway?
Based on fiscal year 2025 data, VEEA INC (VEEA) had $134K in cash against an annual operating cash burn of $15.2M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is VEEA INC's debt-to-equity ratio negative or not reported?
VEEA INC (VEEA) has negative shareholder equity of -$9.8M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is VEEA INC's Altman Z-Score?
VEEA INC (VEEA) has an Altman Z-Score of -13.89, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is VEEA INC's Piotroski F-Score?
VEEA INC (VEEA) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are VEEA INC's earnings high quality?
VEEA INC (VEEA) reported a net loss of $6.7M while operations used $15.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can VEEA INC cover its interest payments?
VEEA INC (VEEA) reported an operating loss of $18.8M against $2.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.