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Core AI vs VEON: revenue, profit, margins and growth compared

Core AI brought in $55.2M of revenue in fiscal 2025, VEON $4.4B in fiscal 2025. Revenue changed by +58.4% at Core AI and +9.9% at VEON on the year before, so Core AI grew faster. Core AI kept -57.2% of its revenue as net profit, VEON 13.4%.

Side by side, latest fiscal year

CHAIVEON
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$55.2M$4.4B
Revenue growth+58.4%+9.9%
Net income-$31.6M$591M
Net margin-57.2%13.4%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)n/a$0.30
Cash$1.9M$1.7B
Debtn/a$3.1B
Price to earningsn/an/a
Market value$5.4M$5.1B
Dividend yieldn/an/a
Rank by revenue in sector#47 of 65 · Telecommunications#15 of 65 · Telecommunications

Over the years

Revenue
CHAI FY2018: $11MCHAI FY2020: $9.8MCHAI FY2020: $6MCHAI FY2021: $7.5MCHAI FY2022: $6.5MCHAI FY2023: $8.2MCHAI FY2024: $34.9MCHAI FY2025: $55.2MVEON FY2018: $9.1BVEON FY2019: $8.1BVEON FY2020: $3.5BVEON FY2021: $3.9BVEON FY2022: $3.8BVEON FY2023: $3.7BVEON FY2024: $4BVEON FY2025: $4.4BFY18FY19FY20FY21FY22FY23FY24FY25
CHAI $55.2MVEON $4.4B
Net income
CHAI FY2018: -$8.9MCHAI FY2020: $118.6KCHAI FY2020: -$13.6MCHAI FY2021: -$23.6MCHAI FY2022: -$15.3MCHAI FY2023: -$12.9MCHAI FY2024: -$372.3KCHAI FY2025: -$31.6MVEON FY2018: $362MVEON FY2019: $683MVEON FY2020: -$316MVEON FY2021: $801MVEON FY2022: -$9MVEON FY2023: -$2.5BVEON FY2024: $487MVEON FY2025: $591MFY18FY19FY20FY21FY22FY23FY24FY25
CHAI -$31.6MVEON $591M
Net margin
CHAI FY2018: -81.0%CHAI FY2020: 1.2%CHAI FY2020: -226.9%CHAI FY2021: -313.1%CHAI FY2022: -236.0%CHAI FY2023: -157.1%CHAI FY2024: -1.1%CHAI FY2025: -57.2%VEON FY2018: 4.0%VEON FY2019: 8.4%VEON FY2020: -9.1%VEON FY2021: 20.8%VEON FY2022: -0.2%VEON FY2023: -66.3%VEON FY2024: 12.2%VEON FY2025: 13.4%FY18FY19FY20FY21FY22FY23FY24FY25
CHAI -57.2%VEON 13.4%
Revenue growth
CHAI FY2020: -10.6%CHAI FY2020: -39.0%CHAI FY2021: +26.0%CHAI FY2022: -14.1%CHAI FY2023: +27.0%CHAI FY2024: +323.6%CHAI FY2025: +58.4%VEON FY2019: -11.0%VEON FY2020: -57.0%VEON FY2021: +10.6%VEON FY2022: -2.5%VEON FY2023: -1.5%VEON FY2024: +8.3%VEON FY2025: +9.9%FY19FY20FY21FY22FY23FY24FY25
CHAI +58.4%VEON +9.9%
Free cash flow
CHAI FY2018: -$2.3MCHAI FY2020: -$10MCHAI FY2021: -$12.8MCHAI FY2022: -$13.9MCHAI FY2023: -$8.3MCHAI FY2024: -$71.3KVEON FY2020: $1.9BFY18FY20FY21FY22FY23FY24
CHAI -$71.3KVEON $1.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Core AI and VEON

Which is bigger by revenue, Core AI or VEON?

VEON is bigger by revenue: $4.4B in fiscal 2025, against $55.2M for Core AI in fiscal 2025.

Which keeps more of its revenue as profit, Core AI or VEON?

Core AI had a net margin of -57.2% in fiscal 2025; VEON had 13.4% in fiscal 2025.

Which grew revenue faster, Core AI or VEON?

In their latest fiscal years revenue changed by +58.4% at Core AI and +9.9% at VEON.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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