Veea Inc. Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.24	1.69	6.01	0.19	0.95
Cash & Short-Term Investments	0.24	1.69	6.01	0.19	0.95
Cash Growth	-72.63%	-71.95%	3133.29%	-80.45%	-
Receivables	0.05	0.08	0.05	0.02	-
Inventory	9.41	12.46	7.38	7.55	4.72
Prepaid Expenses	5.54	0.31	0.18	0.12	1.86
Other Current Assets	-	0.34	0.34	-	-
Total Current Assets	15.24	14.88	13.95	7.88	7.54
Property, Plant & Equipment	0.14	0.33	0.92	1.92	2.89
Long-Term Investments	0.24	0.24	0.45	0.63	0.61
Goodwill	5.23	4.78	4.8	4.58	5.12
Other Intangible Assets	7.72	0.79	0.63	1.06	2.25
Other Long-Term Assets	0.03	0.09	0.09	0.1	0.13
Total Assets	28.6	21.09	20.84	16.16	18.53
Accounts Payable	4.15	1.29	1.08	4.4	1.7
Accrued Expenses	1.85	5.57	7.01	7.23	11.27
Current Portion of Long-Term Debt	15	12.7	21.6	33.42	69.55
Current Portion of Leases	-	0.12	0.45	0.86	0.86
Other Current Liabilities	6.21	0.45	2.05	-	0.25
Total Current Liabilities	31.6	20.14	32.19	45.91	83.62
Long-Term Debt	0.44	0.1	-	-	1.22
Long-Term Leases	-	-	0.12	0.55	1.34
Other Long-Term Liabilities	7.5	17.89	-	-	-
Total Liabilities	39.53	38.12	32.3	46.46	86.18
Common Stock	0	0	0	0	0
Additional Paid-In Capital	209.68	200.67	159.48	123.78	52.57
Retained Earnings	-220.94	-217.83	-170.28	-154.64	-119.48
Comprehensive Income & Other	0.32	0.13	-0.66	0.77	-0.56
Total Common Equity	-10.93	-17.02	-11.47	-30.09	-67.46
Minority Interest	-	-	-	-0.21	-0.18
Shareholders' Equity	-10.93	-17.02	-11.47	-30.3	-67.65
Total Liabilities & Equity	28.6	21.09	20.84	16.16	18.53
Total Debt	19.83	12.92	22.16	34.83	72.96
Net Cash (Debt)	-19.59	-11.23	-16.15	-34.64	-72.01
Net Cash Per Share	-0.58	-0.44	-1.00	-4.81	-10.07
Filing Date Shares Outstanding	50.18	36.44	7.24	7.2	7.15
Total Common Shares Outstanding	40.93	36.2	7.24	7.2	7.15
Working Capital	-16.36	-5.26	-18.23	-38.03	-76.08
Book Value Per Share	-0.27	-0.47	-1.58	-4.18	-9.43
Tangible Book Value	-23.89	-22.59	-16.89	-35.73	-74.84
Tangible Book Value Per Share	-0.58	-0.62	-2.33	-4.96	-10.46
Machinery	1.04	1.03	0.98	0.96	1.13
Leasehold Improvements	0.39	0.39	0.39	0.39	0.39

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q