VEEA: financial statements from SEC

Income statement

Metric	31 Dec 2025	31 Dec 2024
Revenue	222,018	141,760
Cost of revenue	69,981	83,290
Gross profit	152,037	58,470
Research and development	328,422	1M
Selling, general and administrative	18M	27M
Operating expenses	19M	84M
Operating income	−19M	−84M
Net income	−7M	−48M
Earnings per share	−0.16	−1.88
Earnings per share, diluted	−0.16	−1.88
Weighted average shares	43M	25M
Weighted average shares, diluted	43M	25M

Metric	31 Mar 2026	31 Dec 2025	30 Sept 2025	30 Jun 2025	31 Mar 2025	31 Dec 2024	30 Sept 2024	30 Jun 2024
Cash and equivalents	2M	133,860	1M	238,008	247,341	2M	3M	869,594
Receivables	261,832	139,833	147,438	48,230	82,128	84,655	84,709	—
Inventory	10M	10M	10M	9M	8M	7M	8M	—
Current assets	17M	16M	16M	15M	14M	15M	38M	284,978
Property, plant and equipment	70,291	91,809	113,472	137,224	171,371	210,629	252,153	—
Goodwill	5M	5M	5M	5M	5M	5M	5M	5M
Total assets	30M	28M	29M	29M	20M	21M	45M	37M
Current liabilities	15M	32M	28M	32M	25M	20M	21M	8M
Total liabilities	25M	38M	34M	40M	32M	38M	53M	10M
Equity	5M	−10M	−4M	−11M	−12M	−17M	−8M	−12M
Shares outstanding	50M	50M	50M	41M	37M	36M	36M	—
Shares issued	50M	50M	50M	41M	37M	36M	36M	—

Metric	31 Dec 2025	31 Dec 2024
Operating cash flow	−15M	−26M
Depreciation and amortisation	632,479	273,772
Share-based compensation	1M	7M
Capital expenditure	8,209	46,204
Investing cash flow	−247,337	−265,445
Financing cash flow	14M	22M