Veea Inc

veea.com

What Do They Do?

Sells edge-computing devices, software and AI-enabled services to enterprises, service providers and system integrators.

How Do They Make Money?

Customers buy VeeaHub devices, licenses and subscriptions. Hardware sales are billed when products ship; customers pay in advance for licenses and subscriptions, with subscriptions covering monthly service periods.

FY2025 revenue

Who Are Their Customers?

Service providers take Veea’s broadband and private-network offerings to their users, while system integrators incorporate the platform into enterprise solutions. Major distributors and resellers are also routes to market.

Do Revenues Turn Into Profits?

No. It lost $6.7M in FY2025.

Operating income, FY2025

−8468% of revenue

▼ −78% (Loss) vs FY2024 (−$84.1M, −59326%)

Net income, FY2025

−3000% of revenue

▼ −86% (Loss) vs FY2024 (−$47.5M, −33541%)

Free cash flow, FY2025

−6862% of revenue

▼ −41% (Loss) vs FY2024 (−$25.6M, −18088%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +142%; vs $72.9K in Q2 FY2025
Net income: ▼ −46% (Loss); vs −$7.4M in Q2 FY2025

Sep 14, 2026 Signs term sheet for proposed NovaGen combination The plan would combine Veea’s edge platform with NovaGen’s health services to launch a connected health platform; definitive agreements and approvals remain pending.
Aug 5, 2026 CFO Randal Stephenson departs; Greg Deisher becomes acting CFO Stephenson’s employment ended without cause, and Deisher took over as acting CFO while continuing as COO and executive vice president.

From blank-check company to edge technology business The older report describes Plum as a blank-check company seeking a business combination; the latest report describes Veea selling an edge-cloud platform, devices and services to enterprises and service providers.

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