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Financials · VEEE

Twin Vee PowerCats Co. (VEEE) financials

For the twelve months ended Sep 30, 2026, Twin Vee PowerCats Co. reported $12.89M of revenue and -$10.59M of net income.

Revenue, TTM
$12.89M
Revenue growth, YoY
-5.8%
Net income, TTM
-$10.59M
Net margin
-82.2%
Free cash flow, TTM
-$7.49M
Cash
$1.83M
Total debt
$499.9K
P/S
0.36
Market cap
$4.6M
Annual revenue$14.82M
FY2020FY2025
Annual net income-$8.61M
FY2020FY2025
Annual free cash flow-$9.04M
FY2020FY2025

VEEE revenue and earnings growth

VEEE revenueQ3 2026$2.77M

Quarter YoY
-19.2%
QoQ
-11.4%
FY YoY
+3.0%
5Y CAGR
+6.0%

VEEE revenue was $2.77M in fiscal Q3 2026 (ended Sep 30, 2026), down 19.2% from a year earlier and down 11.4% from the prior quarter. For the full fiscal 2025 it was $14.82M, up 3.0% from fiscal 2024. Compound annual growth was +6.0% over 5 years. It rose in 4 of the last 5 fiscal years.

VEEE net incomeQ3 2026-$3.01M

VEEE net income was -$3.01M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$2.76M a year earlier. For the full fiscal 2025 it was -$8.61M, compared with -$11.05M in fiscal 2024.

VEEE EPSQ3 2026-$5.19

VEEE diluted EPS was -$5.19 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was -$161.69.

VEEE free cash flowQ3 2026-$2.10M

VEEE free cash flow was -$2.10M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$3.13M a year earlier. For the full fiscal 2025 it was -$9.04M, compared with -$13.32M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$14.82M$14.39M$33.43M$31.99M$15.77M$11.06M
Cost of revenue$13.56M$15.14M$30.16M$21.33M$9.50M$6.29M
Gross profit$1.26M-$751.4K$3.27M$10.66M$6.28M$4.77M
Research and development-$586.4K$1.44M$941.5K$211.1K$0
Selling, general and admin$2.50M$3.10M$3.73M$2.76M$1.73M$872.7K
Operating income-$8.78M-$14.55M-$11.99M-$6.02M-$1.63M$720.8K
Income tax----$0$0
Net income-$8.61M-$11.05M-$7.19M-$5.14M-$1.01M$1.17M
EPS, basic-$161.69-$407.37-$281.20-$247.90-$70.30$107.30
EPS, diluted-$161.69-$407.37-$281.20-$247.90-$70.30$107.30
Diluted shares53,192.45927,113.62225,729.7320,607.94114,409.18910,810.811

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$1.65M$7.71M$16.76M$23.50M$6.98M$891.8K
Short-term investments--$4.46M$1.48M$3.00M-
Receivables--$80.2K$14.2K$5.1K-
Inventory$2.49M$2.52M$4.88M$4.01M$1.80M$936.7K
Current assets$4.90M$10.42M$26.65M$29.89M$13.07M$1.83M
Total assets$16.23M$25.89M$39.85M$38.23M$20.60M$4.50M
Current liabilities$2.24M$3.75M$4.22M$3.79M$2.16M$1.44M
Total debt$499.9K$499.9K$499.9K$499.9K$499.9K-
Total liabilities$2.77M$6.67M$7.80M$5.21M$3.90M$2.96M
Shareholders' equity$13.47M$19.22M$32.05M$33.02M$16.70M$1.55M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow-$6.88M-$6.97M-$6.93M-$4.15M-$1.95M$364.6K
Capital expenditures$2.16M$6.34M$5.16M$3.37M$1.94M$525.2K
Free cash flow-$9.04M-$13.32M-$12.10M-$7.51M-$3.89M-$160.5K
Investing cash flow-$1.59M-$1.86M-$6.63M-$195.6K-$8.04M-$200.5K
Financing cash flow$2.41M-$213.7K$6.82M$20.87M$16.07M$512.0K
Stock-based compensation$303.1K$1.18M$1.90M$1.45M$309.8K-
Depreciation and amortization$1.73M$1.75M$1.35M$553.8K$198.5K$155.7K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY3.0%-57.0%4.5%102.8%42.6%-
Gross margin8.5%-5.2%9.8%33.3%39.8%43.2%
Operating margin-59.3%-101.1%-35.9%-18.8%-10.3%6.5%
Net margin-58.1%-76.8%-21.5%-16.1%-6.4%10.6%
Free cash flow margin-61.0%-92.5%-36.2%-23.5%-24.6%-1.5%
Return on equity-63.9%-57.5%-22.4%-15.6%-6.1%75.6%
Return on assets-53.0%-42.7%-18.0%-13.4%-4.9%26.0%
Current ratio2.182.786.327.886.071.27
Debt to equity0.040.030.020.020.03-

Source: XBRL data Twin Vee PowerCats Co. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported May 8, 2025; 1-for-37, first reported May 7, 2026.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

VEEE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
VEEE$12.89M-5.8%-$10.59M-82.2%$4.6M
GD$56.52B+9.7%$4.66B8.2%$97.84B
RCL$19.13B+9.7%$4.55B23.8%$90.13B
CCL$27.59B+5.2%$3.14B11.4%$41.43B
VIK$6.50B+21.9%$1.15B17.7%$38.86B
BIP$23.10B+9.8%$2.53B11.0%$18.16B
HII$13.53B+12.6%$733.00M5.4%$11.99B
FRO$1.97B-8.8%$379.08M19.2%$9.86B
NCLH$10.16B+4.9%$832.94M8.2%$8.46B

VEEE FAQ

8 questions
  • What is VEEE revenue?
    Twin Vee PowerCats Co. (VEEE) reported $12.89M of revenue for the twelve months ended Sep 30, 2026. That is down 5.8% from the year before. Revenue for fiscal 2025 was $14.82M.
  • Is VEEE profitable?
    No. Twin Vee PowerCats Co. reported a net loss of $10.59M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does VEEE have?
    Twin Vee PowerCats Co. reported $1.83M in cash and cash equivalents and $499.9K of debt on its most recent balance sheet in SEC filings.
  • How fast is VEEE revenue growing?
    Twin Vee PowerCats Co.'s revenue changed +3.0% in fiscal 2025, to $14.82M. Its compound annual growth rate was +6.0% over 5 years.
  • What is VEEE gross margin?
    Twin Vee PowerCats Co.'s gross profit was -$252.5K on $12.89M of revenue for the twelve months ended Sep 30, 2026, a gross margin of -2.0%.
  • What is VEEE free cash flow?
    Twin Vee PowerCats Co. generated -$7.49M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$6.95M less capital expenditures.
  • When did VEEE last report financial results?
    The latest statements here come from Twin Vee PowerCats Co.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this VEEE financial data come from?
    Quantisnow builds these statements from the structured XBRL data Twin Vee PowerCats Co. files with the SEC. It is provided for information only and is not investment advice.