VEEA on Nasdaq

VEEA INC.

American computer integrated systems design services company. Summary from the record

$4.75 down 0.35 (6.95%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 19, 2026.

Overview

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TickerVEEA on Nasdaq¹
IndustryServices-Computer Integrated Systems Design¹
HeadquartersNew York, New York¹
Incorporated inDE³
Business address164 E. 83Rd Street, New York, Ny 10028³
Filer category, Emerging growth company³

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Service Providers (“ ISPs ”), Managed Service Providers (“ MSPs ”), system integrators and major distributors.⁴ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

68.5%Gross margin⁵

-8483.7%Operating margin⁵

-2999.8%Net margin⁵

56.6%Revenue growth, 2025⁵

-$15.2MFree cash flow⁵

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenueResearch and development

Cost of revenue18¢$70.0K
Research and development82¢$328.4K
Income tax0¢$670

Out of $222.0K in revenue.⁵ The company lost money this year.

Financial statements

Revenue⁶⁵$222.0K in 2025−98% since 2023

Gross profit⁶⁵$152.0K in 2025−98% since 2023

Operating income⁷⁸⁶⁵-$18.8M in 2025+546% since 2021

Net income⁷⁸⁶⁵-$6.7M in 2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.⁵

Period ending	2025-12-31	2024-12-31
Sales, net	$222.0K	$141.8K
Cost of goods sold	$70.0K	$83.3K
Gross profit	$152.0K	$58.5K
Product development	$328.4K	$1.4M
Sales and marketing	$349.0K	$811.5K
General and administrative	$17.7M	$26.6M
Transaction costs	$25.0K	$55.0M
Depreciation and amortization	$632.5K	$273.8K
Total operating expenses	$19.0M	$84.1M
Loss from operations	-$18.8M	-$84.1M
Other income	-$5.5K	$21.4K
UK R&D tax credit	$1.2M	$1.3M
Loss on initial issuance of convertible note		-$1.8M
Change in fair value of convertible note option liability	$60.0K	$840.9K
Change in fair value of warrant liabilities	$360.7K	$200.1K
Change in fair value of Earn-out Share Liability	$13.0M	$38.0M
Other expense	-$256.6K	-$244.7K
Interest expense	-$2.2M	-$1.8M
Total other income	$12.2M	$36.5M
Net loss	-$6.7M	-$47.5M
Basic (in Dollars per share)	-$0.16	-$1.88
Diluted (in Dollars per share)	-$0.16	-$1.88
Basic (in Shares)	42.8M shares	25.3M shares
Diluted (in Shares)	42.8M shares	25.3M shares
Foreign currency translation adjustment	-$1.4M	$795.7K
Comprehensive loss	-$8.0M	-$46.8M

Total assets⁷⁸⁶⁵$28.2M in 2025−91% since 2021

Total liabilities⁷⁸⁶⁵$38.0M in 2025+75% since 2021

Shareholders’ equity⁸⁵-$9.8M in 2025−54% since 2021

Cash¹¹⁸⁶⁵$133.9K in 2025+25% since 2021

Long-term debt⁶$12.8M in 2024−46% since 2023

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.⁵

Period ending	2025-12-31	2024-12-31	2024-08-31	2023-12-31
Cash	$133.9K	$1.7M
Receivables, net	$139.8K	$84.7K
Inventory, net	$9.7M	$7.5M
Prepaid and other current assets	$5.6M	$5.6M
Total current assets	$15.6M	$14.9M
Property and equipment, net	$91.8K	$210.6K
Goodwill	$5.1M	$4.8M		$4.8M
Intangible assets, net	$7.4M	$786.1K
Investments		$235.6K
Other assets	$34.3K	$202.9K
TOTAL ASSETS	$28.2M	$21.1M
Revolving line of credit	$14.0M	$12.7M
Accounts payable	$4.1M	$1.3M
Accrued expenses	$1.5M	$1.9M
Related party liabilities	$4.2M	$3.7M
Share issuance liability		$250.0K
Deferred payables, current	$2.3M	$204.4K
Notes payable	$1.8M
Convertible note payable, net ,current	$1.7M
Related party notes	$2.3M
Other current liabilities		$121.6K
Total current liabilities	$31.8M	$20.1M
Convertible note payable, net		$37.3K
Conversion option liability		$60.0K
Warrant liabilities	$3.6M	$841.0K
Earn-out Share Liability	$2.5M	$15.6M
Deferred payables		$1.5M
TOTAL LIABILITIES	$38.0M	$38.1M
Common Stock, $0.0001 par value, 551,000,000 shares authorized; and 50,467,421 and 36,202,798 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	$5.0K	$3.6K
Additional paid-in capital	$216.0M	$200.7M
Accumulated deficit	-$224.5M	-$217.8M
Accumulated other comprehensive income	-$1.3M	$134.4K
TOTAL STOCKHOLDERS DEFICIT	-$9.8M	-$17.0M		-$11.5M
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	$28.2M	$21.1M
Preferred stock, par value (in Dollars per share)	$0.00	$0.00
Preferred stock, shares authorized (in Shares)	1.0M shares	1.0M shares
Common Stock, par value (in Dollars per share)	$0.00	$0.00
Common Stock, shares authorized (in Shares)	551.0M shares	551.0M shares	551.0M shares
Common Stock, shares issued (in Shares)	50.5M shares	36.2M shares
Common Stock, shares outstanding (in Shares)	50.5M shares	36.2M shares

Period ending	2025-12-31	2024-12-31	2024-08-31	2023-12-31
Cash	$133.9K	$1.7M
Receivables, net	$139.8K	$84.7K
Inventory, net	$9.7M	$7.5M
Prepaid and other current assets	$5.6M	$5.6M
Total current assets	$15.6M	$14.9M
Property and equipment, net	$91.8K	$210.6K
Goodwill	$5.1M	$4.8M		$4.8M
Intangible assets, net	$7.4M	$786.1K
Investments		$235.6K
Other assets	$34.3K	$202.9K
TOTAL ASSETS	$28.2M	$21.1M
Revolving line of credit	$14.0M	$12.7M
Accounts payable	$4.1M	$1.3M
Accrued expenses	$1.5M	$1.9M
Related party liabilities	$4.2M	$3.7M
Share issuance liability		$250.0K
Deferred payables, current	$2.3M	$204.4K
Notes payable	$1.8M
Convertible note payable, net ,current	$1.7M
Related party notes	$2.3M
Other current liabilities		$121.6K
Total current liabilities	$31.8M	$20.1M
Convertible note payable, net		$37.3K
Conversion option liability		$60.0K
Warrant liabilities	$3.6M	$841.0K
Earn-out Share Liability	$2.5M	$15.6M
Deferred payables		$1.5M
TOTAL LIABILITIES	$38.0M	$38.1M
Common Stock, $0.0001 par value, 551,000,000 shares authorized; and 50,467,421 and 36,202,798 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	$5.0K	$3.6K
Additional paid-in capital	$216.0M	$200.7M
Accumulated deficit	-$224.5M	-$217.8M
Accumulated other comprehensive income	-$1.3M	$134.4K
TOTAL STOCKHOLDERS DEFICIT	-$9.8M	-$17.0M		-$11.5M
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	$28.2M	$21.1M
Preferred stock, par value (in Dollars per share)	$0.00	$0.00
Preferred stock, shares authorized (in Shares)	1.0M shares	1.0M shares
Common Stock, par value (in Dollars per share)	$0.00	$0.00
Common Stock, shares authorized (in Shares)	551.0M shares	551.0M shares	551.0M shares
Common Stock, shares issued (in Shares)	50.5M shares	36.2M shares
Common Stock, shares outstanding (in Shares)	50.5M shares	36.2M shares

Cash from operations⁷⁸⁶⁵-$15.2M in 2025+612% since 2021

Capital spending⁶⁵$8.2K in 2025−77% since 2023

Free cash flow⁶⁵-$15.2M in 2025+20% since 2023

Every line of the cash flow as filed: the last 2 fiscal years, latest first.⁵

Period ending	2025-12-31	2024-12-31
Net loss	-$6.7M	-$47.5M
Depreciation and amortization	$632.5K	$273.8K
Amortization of debt issuance costs	$1.2M	$287.3K
Loss on initial issuance of debt		$1.8M
Change in fair value of convertible note option liability	-$60.0K	-$840.9K
Change in fair value of warrant liabilities	-$360.7K	-$200.1K
Earn-out liability initial loss		$53.6M
Change in fair value of Earn-out Share Liability	-$13.0M	-$38.0M
Impairment loss on investments	$235.9K	$216.3K
Stock based compensation	$1.1M	$6.7M
Provision for inventory obsolescence		$551.5K
Share based vendor payments as compensation for services	$418.2K
Interest expense on convertible notes converted		$868.9K
Unrealized foreign currency transaction (gain) loss	-$1.8M	$741.8K
Amortization of operating lease right of use assets	$117.4K	$428.0K
Receivables	-$54.3K	-$31.8K
Inventories	-$794.3K	-$639.3K
Prepaid and other current assets	$13.9K	-$5.1M
Other assets	$56.5K
Accounts payable	$3.4M	$341.9K
Accrued expenses and deferred payables	$482.3K	$1.2M
Operating lease payments	-$121.6K	-$193.7K
Net cash used in operating activities	-$15.2M	-$25.6M
Purchase of property and equipment	-$8.2K	-$46.2K
Purchase of intangible assets and trademarks	-$239.1K	-$219.2K
Net cash used in investing activities	-$247.3K	-$265.4K
Proceeds from revolving line of credit	$1.3M	$3.7M
Proceeds from related party notes	$5.5M	$5.3M
Proceeds from issuance of convertible notes	$1.0M	$1.4M
Proceeds from the issuance of shares under equity line of credit facility	$836.8K
Proceeds from reverse recapitalization		$1.1M
Proceeds from the issuance of common stock, net of transaction costs	$5.3M	$10.0M
Proceeds from exercise of stock options for common stock	$19	$79.5K
Net cash provided by financing activities	$13.9M	$21.6M
Effect of exchange rate changes on cash	-$13.2K	-$36.7K
Net decrease in cash	-$1.6M	-$4.3M
Initial measurement of debt discount on the convertible note		-$1.4M
Initial measurement of the Contingent Financing Costs		$549.1K
Initial measurement of the convertible note option liability		$900.9K
Conversion of related party notes to Common Stock	$3.2M	$2.2M
Conversion of interest on related party notes to Common Stock	$63.1K	$3.1M
Initial measurement of the convertible note option liability		$1.4M
Conversion of principal on related party notes to Common Stock		$12.6M
Crowdkeep asset acquisition	$7.0M
Settlement of convertible notes for shares issued	$700.0K	$24.0M
Conversion of vendor payable to Common Stock		$3.4M
Purchases of inventory included in Notes payable	$1.8M
Interest paid	$805.0K	$504.4K

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Leadership

Who has led VEEA INC., and when. Pick a name to see everywhere that person has worked.

2025

Chief executive officerAllen Salmasi Sep 30, 2024 to now¹²
ChairUrsula Burns Mar 15, 2021 to May 3, 2021¹³
PresidentKanishka Roy Mar 15, 2021 to May 3, 2021¹⁴
Chief financial officerJanice K. Smith Sep 23, 2024 to now¹⁵
Chief operating officerJanice K. Smith Sep 23, 2024 to now¹⁵

Board members and other officers (18)

OfficerHelder Fragueiro Antunes Oct 2, 2025 to now¹⁶
Chief Commercial OfficerMark Tubinis Sep 23, 2024 to now¹⁷
Senior Vice PresidentMichael Salmasi Sep 23, 2024 to now¹⁸
OfficerMike John Dinsdale Mar 15, 2021 to May 3, 2021¹⁹
Board memberVivian Macdonald Jan 11, 2024 to Jan 11, 2024²⁰
Board memberAlan J. Black Jan 17, 2024 to now²¹
Board memberDouglas L. Maine Sep 23, 2024 to now²²
Board memberGary A. Cohen Sep 23, 2024 to now²³
Board memberHelder Fragueiro Antunes Sep 23, 2024 to now²⁴
Board memberMichael Salmasi Sep 23, 2024 to now¹⁸
Board memberAllen Salmasi Sep 30, 2024 to now¹²
Board memberAlok Sama Mar 15, 2021 to Mar 22, 2023²⁵
Board memberJennifer Ceran Mar 15, 2021 to Mar 15, 2021²⁶
Board memberKanishka Roy Mar 15, 2021 to now¹⁴
Board memberKelly Wright Mar 15, 2021 to Mar 15, 2021²⁷
Board memberLane Bess Mar 15, 2021 to Mar 15, 2021²⁸
Board memberMike John Dinsdale Mar 15, 2021 to May 3, 2021¹⁹
Board memberVinodka Murria Mar 15, 2021 to Mar 15, 2021²⁹

Former names

Plum Acquisition Corp. IFeb 1, 2021 to Sep 18, 2024³

Timeline

Sep 30, 2024New chief executive Allen Salmasi becomes CEO¹²

Filings

233 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 60 major events, 24 insider forms, 17 large holders, 111 other. The latest 20:

Oct 9, 20268-K CURRENT REPORT EDGAR
Oct 6, 20268-K CURRENT REPORT EDGAR
Oct 2, 20268-K CURRENT REPORT EDGAR
Sep 16, 20268-K CURRENT REPORT EDGAR
Aug 26, 20268-K CURRENT REPORT EDGAR
Aug 18, 20268-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
Aug 13, 20268-K CURRENT REPORT EDGAR
Aug 13, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
Aug 12, 202610-Q QUARTERLY REPORT EDGAR
Aug 10, 20268-K CURRENT REPORT EDGAR
Aug 5, 20268-K CURRENT REPORT EDGAR
Jul 1, 2026EFFECT EDGAR
Jun 26, 2026S-3 REGISTRATION STATEMENT EDGAR
Jun 26, 20268-K CURRENT REPORT EDGAR
Jun 11, 20268-K CURRENT REPORT EDGAR
Jun 4, 20268-K CURRENT REPORT EDGAR
Jun 4, 20268-K CURRENT REPORT EDGAR
May 22, 20268-K CURRENT REPORT EDGAR
May 15, 202610-Q QUARTERLY REPORT EDGAR
May 12, 2026EFFECT EDGAR

The 233 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Allen SalmasiSCHEDULE 13D, 3 filings Sep 26, 2024 to Aug 27, 2025³⁰
Ursula BurnsSCHEDULE 13G/A, 2 filings Jan 23, 2025 to Aug 27, 2025³¹
Crowdkeep, Inc.SCHEDULE 13G, 1 filing Jun 18, 2025³²
Mike John DinsdaleSCHEDULE 13G, 1 filing Feb 25, 2025³³
GLAZER CAPITAL, LLCSC 13G/A, 4 filings Feb 14, 2023 to Feb 14, 2024³⁴
Polar Asset Management Partners Inc.SC 13G/A, 2 filings Feb 10, 2022 to Feb 12, 2024³⁵
MILLENNIUM MANAGEMENT LLCSC 13G/A, 2 filings Apr 6, 2022 to Jan 27, 2023³⁶
Plum Partners, LLCSC 13G, 1 filing Feb 14, 2022³⁷
INTEGRATED CORE STRATEGIES (US) LLCSC 13G/A, 1 filing Feb 7, 2022³⁸

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARVEEA INC. filings on SEC EDGAR
2
Yahoo FinanceVEEA quote
3
SEC EDGARVEEA INC. filings on SEC EDGAR
4
SEC EDGARVEEA INC. annual report, Item 1 (Business)
5
SEC EDGARVEEA INC. 10-K for fiscal 2025
6
SEC EDGARVEEA INC. 10-K for fiscal 2023
7
SEC EDGARVEEA INC. 10-K for fiscal 2021
8
SEC EDGARVEEA INC. 10-K for fiscal 2022
9
SEC EDGARVEEA INC. 10-Q for fiscal 2026
10
SEC EDGARVEEA INC. 10-Q for fiscal 2026
11
SEC EDGARVEEA INC. 10-K for fiscal 2021
12
SEC EDGARAllen Salmasi, Chief executive officer
13
SEC EDGARUrsula Burns, Chair
14
SEC EDGARKanishka Roy, President
15
SEC EDGARJanice K. Smith, Chief financial officer
16
SEC EDGARHelder Fragueiro Antunes, Officer
17
SEC EDGARMark Tubinis, Chief Commercial Officer
18
SEC EDGARMichael Salmasi, Senior Vice President
19
SEC EDGARMike John Dinsdale, Officer
20
SEC EDGARVivian Macdonald, Board member
21
SEC EDGARAlan J. Black, Board member
22
SEC EDGARDouglas L. Maine, Board member
23
SEC EDGARGary A. Cohen, Board member
24
SEC EDGARHelder Fragueiro Antunes, Board member
25
SEC EDGARAlok Sama, Board member
26
SEC EDGARJennifer Ceran, Board member
27
SEC EDGARKelly Wright, Board member
28
SEC EDGARLane Bess, Board member
29
SEC EDGARVinodka Murria, Board member
30
SEC EDGARAllen Salmasi SCHEDULE 13D on VEEA INC.
31
SEC EDGARUrsula Burns SCHEDULE 13G/A on VEEA INC.
32
SEC EDGARCrowdkeep, Inc. SCHEDULE 13G on VEEA INC.
33
SEC EDGARMike John Dinsdale SCHEDULE 13G on VEEA INC.
34
SEC EDGARGLAZER CAPITAL, LLC SC 13G/A on VEEA INC.
35
SEC EDGARPolar Asset Management Partners Inc. SC 13G/A on VEEA INC.
36
SEC EDGARMILLENNIUM MANAGEMENT LLC SC 13G/A on VEEA INC.
37
SEC EDGARPlum Partners, LLC SC 13G on VEEA INC.
38
SEC EDGARINTEGRATED CORE STRATEGIES (US) LLC SC 13G/A on VEEA INC.