Financial Statements — VEEA
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 1.94 | 1.59 | 1.07 | 0.24 | 0.25 | 2.80 | 0.00 | 0.03 | 0.09 | 0.02 | 0.10 | 0.11 | 0.07 | 0.27 | 0.37 | 0.70 | 2.28 |
| Accounts Receivable | 0.37 | 0.26 | 0.15 | 0.05 | 0.08 | 0.08 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 9.56 | 9.63 | 9.56 | 9.41 | 7.78 | 7.98 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 16.38 | 17.14 | 16.32 | 15.24 | 13.66 | 38.16 | 0.28 | 0.14 | 0.12 | 0.07 | 0.20 | 0.23 | 0.28 | 0.56 | 0.91 | 0.95 | 3.17 |
| Property, Plant & Equipment | 0.08 | 0.07 | 0.11 | 0.14 | 0.17 | 0.25 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Goodwill | 5.09 | 5.11 | 5.17 | 5.23 | 4.92 | 5.08 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 7.14 | 7.26 | 7.59 | 7.72 | 0.90 | 0.76 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 13.70 | 12.72 | 13.15 | 13.36 | 6.35 | 6.29 | 36.37 | 36.11 | 39.47 | 57.63 | 54.37 | 321.16 | 319.71 | 319.26 | 319.34 | 319.76 | 300.00 |
| Total Assets | 30.08 | 29.86 | 29.47 | 28.60 | 20.01 | 45.00 | 36.66 | 36.24 | 39.59 | 57.71 | 54.57 | 321.39 | 319.99 | 319.81 | 320.26 | 320.70 | 303.17 |
| Accounts Payable | 2.27 | 3.06 | 3.55 | 4.15 | 3.91 | 1.64 | 5.66 | 5.13 | 3.98 | 3.85 | 3.58 | 2.63 | 2.33 | 1.09 | -- | -- | -- |
| Total Current Liabilities | 10.41 | 15.10 | 28.38 | 31.60 | 25.42 | 21.00 | 8.44 | 8.95 | 14.68 | 7.38 | 6.53 | 3.59 | 3.00 | 1.74 | 0.18 | 0.15 | 1.02 |
| Long-term Debt | 10.55 | 5.00 | -- | -- | 14.33 | 12.75 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 11.62 | 9.74 | 5.35 | 7.93 | 6.26 | 32.00 | 1.07 | 4.93 | 0.76 | 0.42 | 2.40 | 12.03 | 13.70 | 16.67 | 21.29 | 25.84 | 27.18 |
| Total Liabilities | 22.03 | 24.84 | 33.73 | 39.53 | 31.68 | 53.00 | 9.52 | 13.88 | 15.44 | 7.81 | 8.94 | 15.62 | 16.70 | 18.41 | 21.46 | 25.99 | 28.20 |
| Retained Earnings | (233.19) | (229.16) | (219.57) | (220.94) | (213.53) | (216.90) | (16.31) | (19.54) | (16.35) | (11.74) | (16.01) | (15.38) | (16.43) | (17.81) | (20.42) | 2.42 | 0.34 |
| Total Stockholder Equity* | 8.05 | 5.02 | (4.27) | (10.93) | (11.68) | (8.01) | (9.23) | (13.75) | (10.94) | (5.25) | (8.73) | (15.38) | (16.43) | (17.81) | (20.42) | 294.72 | 274.98 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 0.18 | 0.18 | (0.01) | 0.14 | 0.07 | 0.01 | 0.03 | 0.05 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue | 0.04 | 0.02 | 0.00 | 0.05 | 0.00 | 0.01 | 0.03 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 0.14 | 0.16 | (0.01) | 0.09 | 0.07 | 0.00 | 0.01 | 0.04 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 0.09 | 0.15 | 0.16 | (0.01) | 0.05 | 0.22 | 0.22 | 0.36 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 6.76 | 4.79 | 3.27 | 4.52 | 4.75 | 5.11 | 13.55 | 1.99 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Expenses | 7.28 | 5.19 | 3.47 | 4.75 | 4.99 | 5.77 | 14.19 | 57.53 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | (7.14) | (5.03) | (3.48) | (4.66) | (4.92) | (5.77) | (24.87) | (57.50) | (0.79) | (0.92) | (1.01) | (0.35) | (0.58) | (1.15) | (1.39) | (0.63) | (1.54) | (0.51) | (1.52) | (0.48) |
| Net Income | (4.03) | (4.67) | (4.92) | 1.38 | (7.41) | 4.30 | (13.24) | (33.32) | 3.23 | (4.21) | 1.01 | (4.61) | 4.27 | (0.71) | 2.84 | 2.49 | 1.88 | 3.37 | 0.10 | 4.07 |
| Basic EPS | (0.08) | (0.09) | (2.40) | 0.03 | (0.19) | 0.12 | 8.60 | (1.49) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | (0.08) | (0.09) | (2.40) | 0.03 | (0.19) | 0.12 | 8.60 | (1.49) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (5.93) | (5.19) | (3.71) | (4.45) | (3.37) | (3.70) | (5.77) | (19.25) | (0.18) | (0.40) | (0.35) | (0.28) | (0.19) | (0.24) | (0.27) | (0.21) | (0.19) | (0.34) | (0.26) | (0.34) |
| Capital Expenditures | 0.03 | -- | -- | -- | 0.00 | 0.03 | 0.01 | 0.03 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | (5.96) | -- | -- | -- | (3.37) | (3.73) | (5.78) | (19.28) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (0.10) | (0.27) | (0.02) | (0.07) | (0.03) | (0.13) | (0.06) | 0.02 | (0.09) | (0.13) | (0.04) | 20.69 | (0.16) | 272.63 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 6.37 | 6.92 | 2.80 | 5.38 | 3.37 | 2.39 | 5.04 | 15.82 | 0.24 | 0.48 | 0.40 | (20.34) | 0.28 | (272.38) | 0.25 | 0.25 | 0.00 | 0.50 | 0.00 | 0.00 |
* Derived from reported values
