Veea (VEEA) Income Statement

Veea reported revenue of $222.02K in fiscal 2025 (fiscal year ended Dec 31, 2025), up 56.6% from $141.76K a year earlier. Veea posted a net loss of $6.66M, compared with a net loss of $47.55M a year earlier. Gross margin was 68.5% and operating margin -7930.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $176.22K, up 141.6% from the same quarter a year earlier.

Veea Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Veea Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	0.22	0.14	9.07	0.22	2.80
Cost of Revenue	0.07	0.08	0.47	0.29	2.76
Gross Profit	0.15	0.06	8.61	-0.06	0.04
Operating Expenses
Research & Development	0.33	1.37	0.69	3.23	5.68
Selling, General & Administrative	18.00	27.45	17.45	20.46	21.82
Operating Expenses	17.76	57.50	18.97	4.07	33.35
Operating Income	-17.61	-84.08	-10.36	-4.07	-33.31
Other Income/Expense
Interest Income	0.00	0.00	0.00	4.68	0.02
Interest Expense	2.20	-1.81	5.32	-8.58	-4.14
Other Income/Expense	10.95	73.06	-5.28	14.65	-1.95
Income
Income Before Tax	-6.66	-47.55	-15.64	-35.20	-35.26
Income Tax Expense	0.00	0.00	0.00	0.00	0.00
Net Income	-6.66	-47.55	-15.64	10.58	-35.07
Net Income - Continuous Operations	-6.66	-47.55	-15.64	-35.17	-35.07
Net Income - Discontinued Operations	-	-	-	-	-
EBITDA	-3.71	-27.51	-8.71	-23.75	-27.94
EBIT	-4.46	-27.79	-10.32	-25.63	-30.56
Depreciation & Amortization	0.75	0.27	1.61	1.88	2.61
Earnings Per Share
Basic EPS	-3.00	-38.00	-9.00	-98.00	-18.00
Diluted EPS	-3.00	-2.00	-9.00	-5.00	-18.00
Basic Shares Outstanding	2.28	1.26	1.78	0.36	2.00
Diluted Shares Outstanding	2.28	1.26	1.78	0.36	2.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Veea Financial Statements

What was Veea's revenue in fiscal 2025?

Veea reported revenue of $222.02K in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 56.6% from $141.76K a year earlier.

Is Veea profitable?

No. Veea reported a net loss of $6.66M in fiscal 2025. In fiscal 2024 it lost $47.55M.

What is Veea's operating margin?

Veea's operating income was −$17.61M on revenue of $222.02K in fiscal 2025, an operating margin of -7930.8%, compared with -59309.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition