VEEA VEEA INC.

Overview and Growth

Fiscal 2025 results for VEEA INC. combined $222.02K of revenue with net loss of $6.66M and an operating cash outflow of $15.23M. Revenue of $222.02K sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 56.6% from $141.76K in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of -$0.16, adding a shareholder-level measure to the absolute income figures considered below. Diluted shares averaged 42.81M; this is the reported share base over which the company’s diluted per-share earnings were spread. Compared with 25.26M diluted shares in fiscal 2024, the current 42.81M base was 69.5% higher. At period end, total assets were $28.22M, framing the scale of the company’s operating and financing commitments. Revenue equaled 0.01x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $152.04K as gross profit before recognizing operating expenses and other items. Gross margin was 68.5%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced a $18.84M operating loss before non-operating and tax effects. The company ended the period with a net loss of $6.66M, extending the operating result through all remaining items. The company reported negative EBITDA of $18.20M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The reported income-tax provision was $670.00, the amount recognized between pretax income and the final net-income result. The loss-to-assets relationship was 23.6%, placing the bottom-line deficit against the company’s resource base. The net loss narrowed to $6.66M from $47.55M in fiscal 2024.

Liquidity and Capital Structure

The company held $28.22M of assets against $37.97M of liabilities and -$9.75M of equity, revealing how the asset base was financed. The company reported negative equity of -$9.75M, a capital deficit that reduces its ability to absorb losses through book equity. Current assets were $15.57M against $31.82M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 0.49x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $133.86K, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 0.4% of current liabilities, showing how much near-term coverage came from cash alone. The equity-to-assets relationship was -34.6%, placing book capital against the total resource base. The liabilities-to-assets relationship was 134.6%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 0.5%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $21.09M in fiscal 2024, the current asset base moved 33.8% and finished higher. Compared with $1.69M in fiscal 2024, the current cash balance moved 92.1% and finished lower.

Cash Flow and Earnings Quality

Operating activities used $15.23M of cash, resulting in an operating cash outflow for the year. Capital expenditures used $8.21K in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. The company recorded a $15.24M cash deficit after capital spending for the period. Relative to total assets, the post-investment cash deficit measured 54.0%. The operating cash outflow narrowed to $15.23M from $25.60M in fiscal 2024.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.