V
VEEA INC.
VEEACIK 0001840317NasdaqEmerging GrowthServices-Computer Integrated Systems DesignDelawareFY ends Dec 31
Period
FY 2025
Revenue
$222.0K
Net Income
$-6.66M
Total Assets
$28.22M
Equity
$-9.75M
Shares Out
50.41M
Op. Cash Flow
$-15.23M
Business
Veea Inc. provides an end-to-end hybrid edge-cloud computing platform, VeeaONE, that delivers applications and AI to the network edge through software (VeeaWare) and proprietary hardware devices (VeeaHub). The company offers three primary service platforms: SecureConnect for broadband and cybersecurity delivery to small businesses, AirLynx for subscription-based managed Wi-Fi in underserved communities, and MetaLynx for AI-powered smart edge solutions across construction, energy, retail, healthcare, and agriculture. Veea distributes through mobile network operators, internet service providers, system integrators, and major distributors across the Americas, EMEA, and APAC regions.
Summary from 10-K filed 2026-04-15
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Sales, net | 222,018 | 141,760 | 9 | — | — | |
| Cost of goods sold | 69,981 | 83,290 | 466,802 | — | — | |
| Gross profit | 152,037 | 58,470 | 9 | — | — | |
| Product development | 328,422 | 1 | 693,448 | — | — | |
| Sales and marketing | 349,004 | 811,537 | 215,332 | — | — | |
| General and administrative | 18 | 27 | 17 | — | — | |
| Transaction costs | 25,000 | 55 | — | — | — | |
| Depreciation and amortization | 632,479 | 273,772 | 818,203 | — | — | |
| Total operating expenses | 19 | 84 | 19 | — | — | |
| Loss from operations | −19 | −84 | −10 | −4 | −3 | |
| Other income | −5,537 | 21,390 | — | — | — | |
| UK R&D tax credit | 1 | 1 | — | — | — | |
| Loss on initial issuance of convertible note | — | −2 | — | — | — | |
| Change in fair value of convertible note option liability | 60,000 | 840,933 | — | — | — | |
| Change in fair value of warrant liabilities | 360,685 | 200,124 | — | 9 | 9 | |
| Change in fair value of Earn-out Share Liability | 13 | 38 | — | — | — | |
| Other expense | −256,585 | −244,732 | −21,857 | — | — | |
| Interest expense | −2 | −2 | −5 | — | — | |
| Total other income | 12 | 37 | −5 | 15 | 10 | |
| Net loss | −7 | −48 | −16 | 11 | 7 | |
| Basic (in Dollars per share) | −0.16 | −1.88 | −0.97 | — | — | |
| Diluted (in Dollars per share) | −0.16 | −1.88 | −0.97 | — | — | |
| Basic (in Shares) | 43 | 25 | 16 | — | — | |
| Diluted (in Shares) | 43 | 25 | 16 | — | — | |
| Foreign currency translation adjustment | −1 | 795,745 | — | — | — | |
| Comprehensive loss | −8 | −47 | — | — | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2023 2023-09-30 | FY 2023 2023-06-30 |
|---|---|---|---|---|---|---|
| Cash | 100,000 | 2 | — | — | — | |
| Receivables, net | 139,833 | 84,655 | 52,838 | — | — | |
| Inventory, net | 10 | 7 | 7 | — | — | |
| Prepaid and other current assets | 6 | 6 | 513,670 | — | — | |
| Total current assets | 16 | 15 | 14 | 120,272 | 73,765 | |
| Property and equipment, net | 91,809 | 210,629 | 376,667 | — | — | |
| Goodwill | 5 | 5 | 5 | — | — | |
| Intangible assets, net | 7 | 786,061 | 628,477 | — | — | |
| Investments | — | 235,596 | 451,874 | — | — | |
| Other assets | 34,323 | 202,862 | — | — | — | |
| TOTAL ASSETS | 28 | 21 | 21 | 35 | 55 | |
| Revolving line of credit | 14 | 13 | 9 | — | — | |
| Accounts payable | 4 | 1 | 1 | — | — | |
| Accrued expenses | 2 | 2 | 5 | — | — | |
| Related party liabilities | 4 | 4 | — | — | — | |
| Share issuance liability | — | 250,000 | — | — | — | |
| Deferred payables, current | 2 | 204,445 | — | — | — | |
| Notes payable | 2 | — | — | — | — | |
| Convertible note payable, net ,current | 2 | — | — | 1 | 1 | |
| Related party notes | 2 | — | — | — | — | |
| Other current liabilities | — | 121,579 | — | 258,966 | 331,826 | |
| Total current liabilities | 32 | 20 | 32 | 7 | 6 | |
| Convertible note payable, net | — | 37,316 | — | — | — | |
| Conversion option liability | — | 60,000 | — | — | — | |
| Warrant liabilities | 4 | 840,995 | — | 758,433 | 423,458 | |
| Earn-out Share Liability | 3 | 16 | — | — | — | |
| Deferred payables | — | 1 | — | — | — | |
| TOTAL LIABILITIES | 38 | 38 | 32 | 7 | 6 | |
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding | — | — | — | — | — | |
| Common Stock, $0.0001 par value, 551,000,000 shares authorized; and 50,467,421 and 36,202,798 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 5,047 | 3,621 | 1,964 | — | — | |
| Additional paid-in capital | 216 | 201 | 159 | 6 | 7 | |
| Accumulated deficit | −225 | −218 | −170 | −14 | −13 | |
| Accumulated other comprehensive income | −1 | 134,391 | −661,354 | — | — | |
| TOTAL STOCKHOLDERS DEFICIT | −10 | −17 | −11 | −7 | −6 | |
| TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT | 28 | 21 | 21 | 35 | 55 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 632,479 | 273,772 | — | — | — | |
| Amortization of debt issuance costs | 1 | 287,316 | 2 | — | — | |
| Earn-out liability initial loss | — | 54 | — | — | — | |
| Impairment loss on investments | 235,877 | 216,278 | — | — | — | |
| Stock based compensation | 1 | 7 | 484,584 | — | — | |
| Provision for inventory obsolescence | — | 551,492 | 320,335 | — | — | |
| Share based vendor payments as compensation for services | 418,183 | — | — | — | — | |
| Interest expense on convertible notes converted | — | 868,853 | — | — | — | |
| Unrealized foreign currency transaction (gain) loss | −2 | 741,844 | −1 | — | — | |
| Amortization of operating lease right of use assets | 117,365 | 428,046 | 793,209 | — | — | |
| Receivables | −54,258 | −31,776 | — | — | — | |
| Inventories | −794,320 | −639,340 | −147,982 | — | — | |
| Prepaid and other current assets | 13,883 | −5 | −388,673 | — | — | |
| Other assets | 56,471 | — | — | — | — | |
| Accounts payable | 3 | 341,913 | −2 | — | — | |
| Accrued expenses and deferred payables | 482,284 | 1 | 1 | — | — | |
| Operating lease payments | −121,579 | −193,695 | −844,198 | — | — | |
| Net cash used in operating activities | −15 | −26 | −13 | −1 | −2 | |
| Purchase of property and equipment | −8,209 | −46,204 | −34,966 | — | — | |
| Purchase of intangible assets and trademarks | −239,128 | −219,241 | −120,088 | — | — | |
| Net cash used in investing activities | −247,337 | −265,445 | −155,054 | — | −319 | |
| Proceeds from revolving line of credit | 1 | 4 | — | — | — | |
| Proceeds from related party notes | 6 | 5 | 2 | 1 | 0 | |
| Proceeds from issuance of convertible notes | 1 | 1 | 3 | — | — | |
| Proceeds from the issuance of shares under equity line of credit facility | 836,765 | — | — | — | — | |
| Proceeds from reverse recapitalization | — | 1 | — | — | — | |
| Proceeds from the issuance of common stock, net of transaction costs | 5 | 10 | 17 | — | 313 | |
| Proceeds from exercise of stock options for common stock | 19 | 79,484 | 4 | — | — | |
| Net cash provided by financing activities | 14 | 22 | 19 | 1 | 321 | |
| Effect of exchange rate changes on cash | −13,215 | −36,743 | 58,184 | — | — | |
| Net decrease in cash | −2 | −4 | 6 | −20,823 | 107,224 | |
| Initial measurement of debt discount on the convertible note | — | −1 | — | — | — | |
| Initial measurement of the Contingent Financing Costs | — | 549,067 | — | — | — | |
| Initial measurement of the convertible note option liability | — | 900,933 | — | — | — | |
| Conversion of related party notes to Common Stock | 3 | 2 | — | — | — | |
| Conversion of interest on related party notes to Common Stock | 63,096 | 3 | — | — | — | |
| Initial measurement of the convertible note option liability | — | 1 | — | — | — | |
| Conversion of principal on related party notes to Common Stock | — | 13 | — | — | — | |
| Crowdkeep asset acquisition | 7 | — | — | — | — | |
| Settlement of convertible notes for shares issued | 700,000 | 24 | — | — | — | |
| Conversion of vendor payable to Common Stock | — | 3 | — | — | — | |
| Purchases of inventory included in Notes payable | 2 | — | — | — | — | |
| Interest paid | 804,954 | 504,431 | 892,336 | — | — |
Filings
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Frequently asked questions
What is VEEA INC.'s CIK number?
VEEA INC.'s SEC CIK number is 0001840317 (1840317). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find VEEA INC.'s SEC filings?
All of VEEA INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.