Veea Inc. Common Stock (VEEA)

FairStock Score: 14/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look first for durable competitive advantage, honest earnings, and a margin of safety. Veea is a 45-employee edge-infrastructure company selling VeeaHub devices and SecureConnect software. The filed numbers do not show a healthy business. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $176,221 and net loss was $4.0M. Fiscal Q1 2026 revenue was $180,417 with a $4.7M loss. Fiscal Q3 2025 did produce $1.4M of net income on $144,926 of revenue, but FY2025 still ended with a $6.7M loss on $222,018 of revenue. FY2024 lost $47.5M, and FY2023 lost $15.6M. These are tiny revenues, heavy losses, and no evidence of pricing power. The moat is not visible. Trailing free cash flow is negative $19.5M, a -6.0% FCF yield. ROCE is -40.55%, debt-to-equity is 1.67, Piotroski is 2/9, and Altman Z is -2.57. At the 2026-10-13 close of $5.20, market cap is $323.5M, P/E is -1.00, and P/B is 1.84. Paying that much for $222,018 of FY2025 revenue is not value investing; it is a lottery ticket on an unproven turnaround. The Lynch category is TURNAROUND—loss in latest year after earlier profits—but turnarounds need cash and a credible plan. Growth from fiscal Q2 2025 revenue of $72,927 to fiscal Q2 2026 revenue of $176,221 is large percentage-wise but from a near-zero base. I see no margin of safety.

In plain English: Veea makes edge computing hardware and software that connect devices securely for homes and businesses. The business is very small and not currently profitable, with losses and negative cash flow in recent periods. At the 2026-10-13 close of $5.20, the price looks expensive compared with its tiny revenue and weak financial numbers.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer