Veea Inc. (VEEA)

Nasdaq: VEEA · Services-Computer Integrated Systems Design · New York, NY · filing with the SEC since 2021

Full chart Alerts Compare

Grade1.8

◀ Past 1.1● Present 0.7▶ Future 4.5

3 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Veea Inc.

Nine metrics read from its own filings, by tense

Headline grade

1.8/10

◀ Past1.140% of the headline

● Present0.735% of the headline

▶ Future4.525% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 6 read as filed from the record and 3 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.1/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

0.7/10

Has it survived what it has been through?

28 warning events since 2021; the latest 2026-06-04.

weight 33% of this tense · 7th percentile among 45 sector filers · read for itself

From the record

Veea Inc.'s filings since 2021 show 28 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 9 times, the latest 2026-06-04); a warning not to rely on past financial statements (8-K item 4.02, 4 times, the latest 2024-02-14); an auditor change (8-K item 4.01, the latest 2024-09-24); a late-report notice (Form NT 10-K or NT 10-Q, 14 times, the latest 2026-04-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

1.2/10

What has it actually done, year after year?

-84.3% a year over 3 filed years; profitable in 0 of 3.

weight 45% of this tense · 12th percentile among 38 sector filers · read for its customers

From the record

Veea Inc.'s 3 filed years say what it did: revenue went from $9 million in fiscal 2023 to $222 thousand in fiscal 2025, down 84.3% a year; it rose in 1 of 2 years; the deepest fall was 98% from fiscal 2023 to fiscal 2024; net income was positive in 0 of 3 of those years (its annual reports).

What it rests on

revenue growth over the filed span-84.3%bottom 1% of its family
the share of years revenue rosebottom 24% of its family
the share of filed years with a profitbottom 17% of its family
the deepest fall from a revenue peak98.4%bottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

1.4/10

How has it treated the people who own it?

SI estimate 1.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 14th percentile among 41 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 14% of 41 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 41 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Veea Inc.'s shareholder treatment is put at 1.4 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 14% of 41 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

0.7/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

1.3/10

Is it financially healthy right now?

Leverage 135%: owes 135¢ per asset dollar.

weight 33% of this tense · 13th percentile among 41 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Veea Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 1 cents per dollar of everything the company owns. Leverage: it owed about 135 cents per dollar of assets, and net share issuance: its share count grew 69.5% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 11% of its family
gross profit against assetsbottom 13% of its family
the share count against the year beforebottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

0.5/10

How strong is its position in its industry?

bottom 5% of 40 in its family; net margin -2999.8%.

weight 45% of this tense · 5th percentile among 40 sector filers · read for its customers

From the record

Veea Inc.'s standing among 40 graded names in its industry family: revenue of $222 thousand in fiscal 2025 ranks in the bottom 1% by size; a net margin of -2999.8% ranks in the bottom 11%; revenue growth of -84.3% a year over the last 2 filed years ranks in the bottom 1% (its annual reports).

What it rests on

revenue against the family$222,018bottom 1% of its family
net margin-2999.8%bottom 11% of its family
three-year revenue growth-84.3%bottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

0.4/10

What are the people in charge doing?

SI estimate 0.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 4th percentile among 35 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 4% of 35 in its family; the record of its people begins on 2024-09-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.1 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read: The record of its people begins on 2024-09-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.1 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 35 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Veea Inc.'s leadership is put at 0.4 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 4% of 35 in its family; the record of its people begins on 2024-09-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.1 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.5/1025% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed

5.0/10

How much room does it have to grow?

bottom 50% of 39 in its family for room to expand.

weight 22% of this tense · 50th percentile among 39 sector filers · read for itself

From the record

Veea Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $134 thousand against no long-term debt tagged leaves 0.5% of its assets as net cash, bottom 35% of its family; cash from operations less capital spending is -6862.5% of revenue (bottom 4%); a gross margin of 68.5% (top 17%); research spending of 147.9% of revenue (top 24%) (its annual report).

What it rests on

cash less debt against assets0.5%bottom 35% of its family
cash from operations less capital spending against revenue-6862.5%bottom 4% of its family
gross margin68.5%top 17% of its family
research spending against revenue147.9%top 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

4.0/10

What could actually drive growth from here?

bottom 39% of 38 in its family for growth drivers.

weight 45% of this tense · 39th percentile among 38 sector filers · read for its customers

From the record

Veea Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -84.3% a year over the last three filed years against -84.3% over all 3, speeding up (top 42% of its family); the newest year grew 56.7% (top 12%); research spending grew -31.2% a year (bottom 8%); capital spending grew -51.5% a year (bottom 4%) (its annual reports). Veea Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+0.0 points a yeartop 42% of its family
the newest year's revenue growth56.7%top 12% of its family
three-year growth of research spending-31.2%bottom 8% of its family
three-year growth of capital spending-51.5%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate

5.0/10

Did its newest year beat what its own record pointed to?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 32 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 32 members with one.
What the record cannot read: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned: family median, 32 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Veea Inc.'s expectations vs reality is put at 5.0 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 32 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton VEEA · research, not advice