Veea Inc. (VEEA) Income Statement
VEEA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVEEA revenue and net income
Where VEEA's revenue goes
2025Each bar shows an amount and its share of revenue. VEEA kept −2,999.8% of revenue as net income.
VEEA profit margins
VEEA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +56.6% | −0.3% | — | — |
| Gross profit | +160.0% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VEEA quarterly EPS vs estimates
Next report: November 13, 2026.
VEEA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $222,018 | $141,760 | $9.1M | $224,052 | $2.8M |
| Cost of revenue | $69,981 | $83,290 | $466,802 | $285,311 | $2.8M |
| Gross profit | $152,037 | $58,470 | $8.6M | −$61,259 | $42,828 |
| Research & development | $328,422 | $1.4M | $693,448 | $3.2M | $5.7M |
| Sales, general & admin | $17.7M | $26.6M | $17.5M | $20.5M | $21.8M |
| Total operating expenses | $17.8M | $27.8M | $19.0M | $25.6M | $33.4M |
| Operating income | −$17.6M | −$27.8M | −$10.4M | −$25.6M | −$33.3M |
| Interest income | — | $0 | $1,942 | — | — |
| Interest expense | $2.2M | $1.8M | $5.3M | — | — |
| Income before taxes | −$6.7M | −$47.5M | −$15.6M | −$35.2M | −$35.3M |
| Income taxes | — | −$1.3M | — | — | — |
| Net income | −$6.7M | −$47.5M | −$15.6M | −$35.2M | −$35.1M |
| EBITDA | −$3.7M | −$45.0M | −$8.7M | −$22.3M | −$27.9M |
| EPS (diluted) | −$2.92 | −$31.84 | −$1.21 | $1.56 | $0.80 |
| Gross margin | 68.5% | 41.2% | 94.9% | −27.3% | 1.5% |
| Operating margin | −7,930.8% | −19,602.0% | −114.2% | −11,438.3% | −1,189.5% |
| Net margin | −2,999.8% | −33,541.0% | −172.4% | −15,695.9% | −1,252.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $176,221 | $180,417 | $0 | $144,926 | $72,927 | $14,262 | $33,496 | $50,683 | $40,811 | $16,770 | $31,771 | $9.0M |
| Cost of revenue | $246,661 | $227,659 | $11,825 | $53,006 | $4,587 | $12,330 | $25,603 | $14,997 | $30,706 | $11,984 | $419,639 | $24,307 |
| Gross profit | −$70,440 | −$47,242 | −$21,901 | $91,920 | $68,340 | $1,932 | $7,893 | $35,686 | $10,105 | $4,786 | −$387,868 | $9.0M |
| Research & development | $94,220 | $148,600 | $163,544 | $6,190 | $53,417 | $215,575 | $220,421 | $356,761 | $701,946 | $94,223 | $16,845 | $185,764 |
| Sales, general & admin | $6.9M | $4.8M | $3.1M | $4.5M | $4.8M | $5.5M | $13.9M | $2.0M | $6.1M | $5.9M | $4.8M | $5.4M |
| Total operating expenses | $7.0M | $5.0M | $3.5M | $4.8M | $5.0M | $5.7M | $14.2M | $1.2M | $6.8M | $6.1M | $4.8M | $5.6M |
| Operating income | −$7.1M | −$5.0M | −$3.5M | −$4.7M | −$4.9M | −$5.7M | −$14.2M | −$1.2M | −$6.8M | −$6.1M | −$5.1M | $3.4M |
| Interest expense | $610,324 | $810,676 | $379,772 | $442,867 | $433,098 | $946,484 | $455,420 | $451,881 | $444,174 | $456,768 | $893,053 | $1.8M |
| Income before taxes | −$4.0M | −$4.7M | −$4.9M | $1.4M | −$7.4M | $4.3M | −$927,149 | −$33.3M | −$7.3M | −$6.5M | −$6.2M | $2.0M |
| Income taxes | — | — | — | — | — | — | — | −$1.3M | — | — | — | — |
| Net income | −$4.0M | −$4.7M | −$4.9M | $1.4M | −$7.4M | $4.3M | −$927,149 | −$33.3M | −$7.3M | −$6.5M | −$6.2M | $2.0M |
| EBITDA | −$6.9M | −$3.7M | −$4.3M | −$3.2M | −$6.8M | $5.4M | −$315,514 | −$32.8M | −$6.7M | −$5.9M | −$5.0M | $3.8M |
| EPS (diluted) | −$0.08 | −$1.85 | — | $0.03 | −$0.19 | −$0.02 | −$0.51 | −$29.90 | $6.06 | −$7.49 | $1.81 | −$7.11 |
| Gross margin | −40.0% | −26.2% | — | 63.4% | 93.7% | 13.5% | 23.6% | 70.4% | 24.8% | 28.5% | −1,220.8% | 99.7% |
| Operating margin | −4,013.0% | −2,788.1% | — | −3,217.3% | −6,747.8% | −40,194.1% | −42,335.5% | −2,382.6% | −16,754.1% | −36,317.2% | −16,206.8% | 37.2% |
| Net margin | −2,284.6% | −2,590.1% | — | 949.0% | −10,162.0% | 30,143.4% | −2,767.9% | −65,749.0% | −17,833.6% | −39,042.4% | −19,607.1% | 21.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VEEA's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VEEA financial results
In fiscal year 2025 (ended December 31, 2025), Veea reported revenue of $0.2 million, up 56.6% from the year before. It had a net loss of $6.7 million, a net profit margin of −2,999.8%. Diluted earnings per share came to −$2.92.
See the VEEA stock overview for the latest quote and news, or the VEEA chart for price history and technical indicators.
VEEA income statement FAQ
What is Veea's annual revenue?
Veea reported total revenue of $0.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 56.6% from $0.1 million the previous year.
Is Veea profitable?
No. Veea reported a net loss of $6.7 million in fiscal 2025, a net profit margin of −2,999.8%; its operating margin was −7,930.8%.
What is Veea's gross margin?
Veea's gross margin was 68.5% in fiscal 2025: for every $100 of revenue, Veea kept $68 after the direct cost of its products and services.
How much does Veea spend on research and development?
Veea spent $0.3 million on research and development in fiscal 2025, 147.9% of revenue.
What are Veea's earnings per share?
Veea earned $-2.92 per diluted share in fiscal 2025, compared with $-31.84 a year earlier.
When will Veea report its next earnings?
Veea is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Veea's fiscal year end?
Veea's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.