VEEA
VEEA
Veea Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $144.93K ▲ | $4.75M ▼ | $1.38M ▲ | 948.96% ▲ | $0.03 ▲ | $-3.22M ▲ |
| Q2-2025 | $72.93K ▲ | $4.99M ▼ | $-7.41M ▼ | -10.16K% ▼ | $-0.19 ▼ | $-6.8M ▼ |
| Q1-2025 | $14.26K ▼ | $5.73M ▼ | $4.3M ▲ | 30.14K% ▲ | $0.12 ▲ | $5.39M ▲ |
| Q4-2024 | $33.5K ▼ | $14.19M ▲ | $-927.15K ▲ | -2.77K% ▲ | $-0.03 ▲ | $-315.51K ▲ |
| Q3-2024 | $50.68K | $1.24M | $-33.32M | -65.75K% | $-1.49 | $-32.8M |
What's going well?
Revenue almost doubled this quarter, and reported net income turned positive after a big loss last quarter. Operating losses are shrinking, and the company is spending less overall.
What's concerning?
The company is still losing a lot of money on its main business, with high overhead and shrinking gross margins. The profit this quarter came from a one-time gain, not from actual sales or improved operations, and share dilution is hurting shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $1.07M ▲ | $29.47M ▲ | $33.73M ▼ | $-4.27M ▲ |
| Q2-2025 | $238.01K ▼ | $28.6M ▲ | $39.53M ▲ | $-10.93M ▲ |
| Q1-2025 | $247.34K ▼ | $20.01M ▼ | $31.68M ▼ | $-11.68M ▲ |
| Q4-2024 | $1.69M ▼ | $21.09M ▼ | $38.12M ▼ | $-17.02M ▼ |
| Q3-2024 | $2.8M | $45M | $53M | $-8.01M |
What's financially strong about this company?
Debt is down and cash is up compared to last quarter. Equity is less negative, showing some improvement. Inventory levels are stable.
What are the financial risks or weaknesses?
Cash is very low, most debt is due soon, and equity is still negative. Most assets are tied up in inventory and intangibles, not cash. The company has a long history of losses and may need to raise more money soon.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $1.38M ▲ | $-4.45M ▼ | $-65.41K ▼ | $5.38M ▲ | $833.14K ▲ | $-4.45M ▼ |
| Q2-2025 | $-7.41M ▼ | $-3.37M ▲ | $-27.57K ▲ | $3.37M ▲ | $-9.33K ▲ | $-3.37M ▲ |
| Q1-2025 | $4.3M ▲ | $-3.7M ▲ | $-131.97K ▼ | $2.39M ▼ | $-1.44M ▼ | $-3.83M ▲ |
| Q4-2024 | $-927.15K ▲ | $-5.77M ▲ | $-57.75K ▼ | $5.04M ▼ | $-1.12M ▼ | $-5.82M ▲ |
| Q3-2024 | $-33.32M | $-19.25M | $17.3K | $15.82M | $2.58M | $-19.28M |
What's strong about this company's cash flow?
Net income improved sharply, swinging to a profit this quarter. The company can still raise money from investors to keep operating.
What are the cash flow concerns?
Cash burn is getting worse, and the business is highly dependent on raising new money. The cash on hand is low, giving little room for error.
5-Year Trend Analysis
A comprehensive look at Veea Inc.'s financial evolution and strategic trajectory over the past five years.
Veea operates in a high‑growth, forward‑looking area of technology and offers a differentiated, integrated edge platform that addresses real pain points in connectivity, AI at the edge, and IoT. Its ecosystem of hardware, software, and cloud management, combined with patented mesh networking and strong security, provides a clear technical identity. Strategic partnerships across telecom, smart buildings, and other verticals showcase early use cases and give it leveraged access to customers it might not reach on its own.
The financial profile is the main concern: revenues are very small and highly volatile, recent years show a near‑collapse in sales, and losses and cash burn are substantial. The balance sheet carries negative equity, tight liquidity, and a history of reliance on external financing, which may become harder to obtain if market conditions or company performance worsen. On top of that, Veea competes in a space dominated by large, well‑capitalized players and must execute nearly flawlessly to carve out and defend a profitable niche.
Looking ahead, Veea’s trajectory hinges on its ability to translate its technology and partnerships into stable, growing, and recurring revenue while significantly narrowing its losses and cash burn. There are some encouraging operational signs in more recent quarterly commentary, such as improvements in gross profit and a smaller net loss, but these come off a very low base and do not yet change the overall risk profile. The company’s future will likely be determined over the next few years by whether it can scale deployments, demonstrate clear customer value, and secure enough capital to bridge the gap to a more sustainable business model.
About Veea Inc.
https://www.veea.comVeea Inc. provides computing, multiaccess multiprotocol communications, edge storage, and cybersecurity solutions.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $144.93K ▲ | $4.75M ▼ | $1.38M ▲ | 948.96% ▲ | $0.03 ▲ | $-3.22M ▲ |
| Q2-2025 | $72.93K ▲ | $4.99M ▼ | $-7.41M ▼ | -10.16K% ▼ | $-0.19 ▼ | $-6.8M ▼ |
| Q1-2025 | $14.26K ▼ | $5.73M ▼ | $4.3M ▲ | 30.14K% ▲ | $0.12 ▲ | $5.39M ▲ |
| Q4-2024 | $33.5K ▼ | $14.19M ▲ | $-927.15K ▲ | -2.77K% ▲ | $-0.03 ▲ | $-315.51K ▲ |
| Q3-2024 | $50.68K | $1.24M | $-33.32M | -65.75K% | $-1.49 | $-32.8M |
What's going well?
Revenue almost doubled this quarter, and reported net income turned positive after a big loss last quarter. Operating losses are shrinking, and the company is spending less overall.
What's concerning?
The company is still losing a lot of money on its main business, with high overhead and shrinking gross margins. The profit this quarter came from a one-time gain, not from actual sales or improved operations, and share dilution is hurting shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $1.07M ▲ | $29.47M ▲ | $33.73M ▼ | $-4.27M ▲ |
| Q2-2025 | $238.01K ▼ | $28.6M ▲ | $39.53M ▲ | $-10.93M ▲ |
| Q1-2025 | $247.34K ▼ | $20.01M ▼ | $31.68M ▼ | $-11.68M ▲ |
| Q4-2024 | $1.69M ▼ | $21.09M ▼ | $38.12M ▼ | $-17.02M ▼ |
| Q3-2024 | $2.8M | $45M | $53M | $-8.01M |
What's financially strong about this company?
Debt is down and cash is up compared to last quarter. Equity is less negative, showing some improvement. Inventory levels are stable.
What are the financial risks or weaknesses?
Cash is very low, most debt is due soon, and equity is still negative. Most assets are tied up in inventory and intangibles, not cash. The company has a long history of losses and may need to raise more money soon.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $1.38M ▲ | $-4.45M ▼ | $-65.41K ▼ | $5.38M ▲ | $833.14K ▲ | $-4.45M ▼ |
| Q2-2025 | $-7.41M ▼ | $-3.37M ▲ | $-27.57K ▲ | $3.37M ▲ | $-9.33K ▲ | $-3.37M ▲ |
| Q1-2025 | $4.3M ▲ | $-3.7M ▲ | $-131.97K ▼ | $2.39M ▼ | $-1.44M ▼ | $-3.83M ▲ |
| Q4-2024 | $-927.15K ▲ | $-5.77M ▲ | $-57.75K ▼ | $5.04M ▼ | $-1.12M ▼ | $-5.82M ▲ |
| Q3-2024 | $-33.32M | $-19.25M | $17.3K | $15.82M | $2.58M | $-19.28M |
What's strong about this company's cash flow?
Net income improved sharply, swinging to a profit this quarter. The company can still raise money from investors to keep operating.
What are the cash flow concerns?
Cash burn is getting worse, and the business is highly dependent on raising new money. The cash on hand is low, giving little room for error.
5-Year Trend Analysis
A comprehensive look at Veea Inc.'s financial evolution and strategic trajectory over the past five years.
Veea operates in a high‑growth, forward‑looking area of technology and offers a differentiated, integrated edge platform that addresses real pain points in connectivity, AI at the edge, and IoT. Its ecosystem of hardware, software, and cloud management, combined with patented mesh networking and strong security, provides a clear technical identity. Strategic partnerships across telecom, smart buildings, and other verticals showcase early use cases and give it leveraged access to customers it might not reach on its own.
The financial profile is the main concern: revenues are very small and highly volatile, recent years show a near‑collapse in sales, and losses and cash burn are substantial. The balance sheet carries negative equity, tight liquidity, and a history of reliance on external financing, which may become harder to obtain if market conditions or company performance worsen. On top of that, Veea competes in a space dominated by large, well‑capitalized players and must execute nearly flawlessly to carve out and defend a profitable niche.
Looking ahead, Veea’s trajectory hinges on its ability to translate its technology and partnerships into stable, growing, and recurring revenue while significantly narrowing its losses and cash burn. There are some encouraging operational signs in more recent quarterly commentary, such as improvements in gross profit and a smaller net loss, but these come off a very low base and do not yet change the overall risk profile. The company’s future will likely be determined over the next few years by whether it can scale deployments, demonstrate clear customer value, and secure enough capital to bridge the gap to a more sustainable business model.

CEO
Allen Salmasi
Compensation Summary
(Year )
Upcoming Earnings
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Ratings Snapshot
Rating : C

