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Veea (VEEA) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 15, 2026

Veea (VEEA) reported revenue of $180K for the first quarter 2026 (Q1 2026), up 13-fold from a year earlier.

Revenue$180K
Year over year13×
Quarter over quarter—
Operating margin—
Net earnings−$4.7M

Veea, Q1 2026: revenue $180K (13× year over year), net loss $4.7M, operating cash flow −$5.2M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$180K—13×
Operating profit−$5.0M——
Net earnings−$4.7M-440%-209%
Operating cash flow−$5.2M——

What changed

Revenue was $180K in Q1 2026, up 1165% year over year.

Gross margin was 87.4%, up 73.9 points from Q1 2025. Operating costs exceeded revenue by $5.0M, an operating margin of -2788.1%. Operating expenses fell 10% while revenue rose 1165%. The fastest-growing cost line was Other operating costs (+116%). The quarter ended with a net loss of $4.7M.

Operating cash flow was −$5.2M. Non-cash charges added back $205K of depreciation and amortization and $295K of share-based compensation. Working capital and other items used $1.0M.

Questions

What was Veea's revenue in the first quarter 2026?

Veea (VEEA) reported revenue of $180K for the first quarter 2026 (Q1 2026), up 13-fold from a year earlier.

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Source: Veea 10-Q on SEC EDGAR.