Veea Inc. (VEEA), a company focused on edge computing and AI solutions, released its 10-K filing, detailing its financial performance for the fiscal year ended December 31, 2025. The company reported net revenue of $222,018, a 57% increase compared to $141,760 in 2024. However, the cost of goods sold was $69,981, resulting in a gross profit of $152,037. Despite the revenue growth, Veea experienced a net loss of $6.66 million, a significant decrease from the $47.55 million loss in the previous year.
Operating expenses for Veea totaled $18.99 million, which included product development ($328,422), sales and marketing ($349,004), general and administrative expenses ($17.65 million), transaction costs ($25,000), and depreciation and amortization ($632,479). This was a notable decrease from the $84.14 million in operating expenses in 2024, primarily due to a reduction in transaction costs and share-based compensation. The company's loss from operations was $18.84 million, compared to $84.08 million in the prior year.
Key operational developments included a three-year agreement with Telcel to supply a comprehensive Platform-as-a-Service solution featuring its VeeaHub STAXÒ-5G device, with a soft launch in March 2024 and a full commercial launch in April 2026. Veea also continued its AirLynx™ Service Platform deployments in Indonesia, Mexico, Colombia, Brazil, and Uganda. As of December 31, 2025, the company employed 45 full-time employees.
Looking ahead, Veea plans to fund its operations and capital needs through revenue generation, existing financing arrangements, and potential future equity or debt financing. The company is focused on high-growth market segments such as fixed-line or 5G-based fixed wireless broadband access, and subscription-based managed Wi-Fi for unserved and underserved communities. Veea's management believes that its integrated cloud-managed products and turnkey solutions offer significant opportunities for growth, particularly with sufficient working capital.
About VEEA INC.
Veea Inc. specializes in edge computing and IoT solutions, integrating hardware, software, and AI to enable secure, low-latency, private networks and smart applications across industries. Its platform supports hybrid edge-cloud architectures, AI-driven cybersecurity, and converged private networks for markets like broadband access, smart buildings, and retail. With patented technologies and a global presence, Veea offers scalable, secure, and innovative connectivity solutions for enterprise and consumer markets.
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