Filing Flows › Veea (VEEA) › Q1 2025
Veea (VEEA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 21, 2025
Veea (VEEA) reported revenue of $14K for the first quarter 2025 (Q1 2025), -15% from a year earlier and -57% from the quarter before.
Veea, Q1 2025: revenue $14K (-15% year over year), net earnings $4.3M, operating cash flow −$3.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14K | -57% | -15% |
| Operating profit | −$5.8M | — | — |
| Net earnings | $4.3M | — | — |
| Operating cash flow | −$3.7M | — | — |
What changed
Revenue was $14K in Q1 2025, down 15% year over year and down 57% from the previous quarter.
Gross margin was 13.5%, down 15.0 points from a year earlier. Operating costs exceeded revenue by $5.8M, an operating margin of -40439.5%. Operating expenses fell 5% while revenue fell 15%. The fastest-growing cost line was Sales & marketing (+305%). Net earnings were $4.3M. The effective tax rate was 0.0%. Non-operating items added $10.1M, 234% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.7M. Non-cash charges added back $60K of depreciation and amortization and $50K of share-based compensation. Working capital and other items used $8.1M.
Questions
What was Veea's revenue in the first quarter 2025?
Veea (VEEA) reported revenue of $14K for the first quarter 2025 (Q1 2025), -15% from a year earlier and -57% from the quarter before.
Source: Veea 10-Q on SEC EDGAR.