VEEA

MKT CAP:$23M

Veea Inc.

Market Cap

$23M

Technology·Information Technology Services·🇺🇸 United States·NASDAQ

Technology·IT Services·🇺🇸·NASDAQ

Stock Price

$0.59-$0.00 (-0.82%)

Apr 23, 2026

Company Details

Veea Inc. provides computing, multiaccess multiprotocol communications, edge storage, and cybersecurity solutions. The company offers multiaccess edge computing (MEC) platform that redefines connectivity and computing at the edge by integra...

CEO

Allen Salmasi

IPO Date

Sep 17, 2024

Website

www.veea.com

Key Metrics TTM

Revenue

$222.0K

+56.6% YoY

Net Income

-$7M

EPS (Diluted)

-$0.15

Free Cash Flow

-$15M

Revenue / Share

$0.00

Gross Margin

68.5%

Operating Margin

-7930.0%

Net Margin

-2999.5%

FCF Margin

-6927.7%

P/S

102.5x

P/E

—

Earnings Reports

FY 2025

Dec 31, 2025

$222.0K+56.6%EPS -$0.15

Q4 2025

Dec 31, 2025

-$10.1K-130.1%EPS -$0.11

Q3 2025

Sep 30, 2025

$144.9K+185.9%EPS $0.03

Q2 2025

Jun 29, 2025

$72.9K+78.7%EPS -$0.19

Q1 2025

Mar 31, 2025

$14.3K-15.0%EPS $0.12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$0	$0	-$2M
Q1 22	$0	$0	-$509.1K
Q2 22	$0	$0	-$2M
Q3 22	$0	$0	-$633.0K
Q4 22	$0	$0	-$1M
Q2 23	$7.7K	$122	-$5M
Q3 23	$9M	$9M	$3M
Q4 23	$31.8K	-$387.9K	-$5M
Q1 24	$16.8K	$4.8K	-$6M
Q2 24	$40.8K	$10.1K	-$7M
Q3 24	$50.7K	$35.7K	-$1M
Q4 24	$33.5K	$7.9K	-$14M
Q1 25	$14.3K	$1.9K	-$6M
Q2 25	$72.9K	$68.3K	-$5M
Q3 25	$144.9K	$91.9K	-$5M
Q4 25	-$10.1K	-$10.2K	-$2M

Valuation

Quarter	P/S	P/E
Q4 21	—	50.6x
Q1 22	—	36.5x
Q2 22	—	37.1x
Q3 22	—	43.7x
Q4 22	—	37.4x
Q2 23	51349.2x	2903.7x
Q3 23	43.9x	1809.8x
Q4 23	43.7x	—
Q1 24	43.6x	—
Q2 24	43.5x	—
Q3 24	1680.4x	—
Q4 24	993.4x	—
Q1 25	387.4x	—
Q2 25	386.6x	—
Q3 25	96.3x	—
Q4 25	141.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	-$2M	-$2M
Q1 22	-$339.5K	-$339.5K
Q3 22	-$214.9K	-$214.9K
Q4 22	-$272.5K	-$272.5K
Q3 23	-$7M	-$7M
Q4 23	-$6M	-$6M
Q1 24	-$11M	-$11M
Q2 24	-$4M	-$4M
Q3 24	-$19M	-$19M
Q4 24	-$6M	-$6M
Q1 25	-$4M	-$4M
Q2 25	-$3M	-$3M
Q3 25	-$4M	-$4M
Q4 25	-$4M	-$4M

Capital Expenditures

Quarter	CapEx
Q2 21	$4
Q1 22	$4
Q3 22	$3
Q4 22	$2
Q3 23	$15.7K
Q4 23	$55.8K
Q1 24	$74.1K
Q2 24	$3.5K
Q3 24	$33.4K
Q4 24	$57.7K
Q1 25	$132.0K
Q2 25	$1.1K
Q3 25	$1.1K
Q4 25	$22.4K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	—	+468.4%
Q2 22	—	+74.9%
Q3 22	—	+31.4%
Q4 22	—	-8.8%
Q2 23	—	+861.6%
Q3 23	—	+266.2%
Q4 23	—	+718.4%
Q1 24	—	+340.1%
Q2 24	+429.6%	+40.5%
Q3 24	-99.4%	-77.8%
Q4 24	+5.4%	+174.4%
Q1 25	-15.0%	-5.9%
Q2 25	+78.7%	-27.4%
Q3 25	+185.9%	+282.1%
Q4 25	-130.1%	-83.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$0	—
Q1 22	$0	—
Q3 22	$0	—
Q4 22	$0	—
Q3 23	$0	0.0%
Q4 23	$79.8K	251.2%
Q1 24	$62.7K	373.7%
Q2 24	$272.1K	666.7%
Q3 24	$0	0.0%
Q4 24	$6M	18822.7%
Q1 25	$75.0K	525.9%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$587.4K	—

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 21	—	—	—	$2M
Q1 22	—	—	—	$509.1K
Q2 22	—	—	—	$2M
Q3 22	—	—	—	$633.0K
Q4 22	—	—	—	$1M
Q2 23	$139.7K	$4M	$57.6K	—
Q3 23	$185.8K	$5M	$137.9K	—
Q4 23	$16.8K	$5M	—	—
Q1 24	$94.2K	$6M	$86.3K	—
Q2 24	$701.9K	$6M	$292.1K	—
Q3 24	$356.8K	$2M	$80.9K	—
Q4 24	$220.4K	$14M	$352.2K	—
Q1 25	$215.6K	$5M	$349.3K	—
Q2 25	$53.4K	$5M	$40.5K	—
Q3 25	$6.2K	$5M	$15.6K	—
Q4 25	$163.5K	$3M	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$267.7K	$0	$267.7K
Q2 22	$73.7K	$0	$73.7K
Q3 22	$108.9K	$0	$108.9K
Q4 22	$86.4K	$0	$86.4K
Q1 23	$97.8K	$0	$97.8K
Q2 23	$20.9K	$0	$20.9K
Q3 23	$92.7K	$0	$92.7K
Q4 23	$6M	$0	$6M
Q1 24	$32.8K	$0	$32.8K
Q2 24	$218.1K	$0	$218.1K
Q3 24	$3M	$0	$3M
Q4 24	$2M	$0	$2M
Q1 25	$247.3K	$0	$247.3K
Q2 25	$238.0K	$0	$238.0K
Q3 25	$1M	$0	$1M
Q4 25	$133.9K	$0	$133.9K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	40M	0.0%	—
Q1 22	40M	0.0%	-1.6%
Q2 22	40M	0.0%	0.0%
Q3 22	40M	0.0%	0.0%
Q4 22	40M	0.0%	0.0%
Q2 23	35M	-12.4%	-12.4%
Q3 23	36M	+1.9%	-10.7%
Q4 23	36M	0.0%	-10.7%
Q1 24	36M	0.0%	-10.7%
Q2 24	36M	0.0%	+1.9%
Q3 24	36M	+0.8%	+0.8%
Q4 24	36M	+0.8%	+1.6%
Q1 25	37M	+1.1%	+2.7%
Q2 25	39M	+6.1%	+9.0%
Q3 25	46M	+17.7%	+27.2%
Q4 25	46M	0.0%	+26.2%

Shares Outstanding