Twin Vee PowerCats, Co. (VEEE) Financial Statements
Industry: Ship & Boat Building & Repairing
In fiscal 2025, Twin Vee PowerCats reported revenue of $14.8M, up 3.0% from $14.4M the year before. Net income was -$8.6M (a -58.1% net margin), or -$161.69 per diluted share. Gross margin was 8.5% and operating margin was -59.3%. Operating activities generated -$6.9M of cash, leaving -$9.0M of free cash flow. At fiscal year end, Twin Vee PowerCats held $16.2M in total assets against $2.8M in total liabilities, including $1.4M of cash and equivalents.
Open the full interactive Twin Vee PowerCats financials → Quarterly statements, key ratios, valuation history and price charts.
Twin Vee PowerCats Key Stats
| Share Price | $9.01 |
|---|---|
| Market Cap | $5.1M |
| Revenue YoY Growth | +3.0% |
| 52-Week Range | $4.59 – $99.16 |
| Shares Outstanding | 571,161 (basic, 2026 Q2) |
Twin Vee PowerCats Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $15.8M | $32.0M | $33.4M | $14.4M | $14.8M |
| Gross Profit | $6.3M | $10.7M | $9.7M | -$751,425 | $1.3M |
| Operating Income | -$1.6M | -$6.0M | -$12.0M | -$14.6M | -$8.8M |
| Pre-Tax Income | -$1.0M | -$5.8M | -$7.2M | -$11.0M | -$8.6M |
| Income Tax | $0 | — | — | — | — |
| Net Income | -$1.0M | -$5.8M | -$7.2M | -$11.0M | -$8.6M |
| Diluted EPS | -$70.30 | -$281.20 | -$281.20 | -$407.00 | -$161.69 |
Twin Vee PowerCats Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $3.4M | $3.0M | $4.0M | $3.1M |
| Net Income | -$2.8M | -$2.6M | -$2.1M | -$2.9M |
| Diluted EPS | -$45.51 | -$1.31 | -$12.93 | -$5.07 |
Twin Vee PowerCats Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $7.0M | $23.5M | $16.5M | $7.5M | $1.4M |
| Current Assets | $13.1M | $29.9M | $26.6M | $10.4M | $4.9M |
| Total Assets | $20.6M | $38.2M | $39.8M | $25.9M | $16.2M |
| Current Liabilities | $2.2M | $3.8M | $4.2M | $3.7M | $2.2M |
| Total Long-Term Debt | $499,900 | $499,900 | $499,900 | $499,900 | $499,900 |
| Total Liabilities | $3.9M | $5.2M | $7.8M | $6.7M | $2.8M |
| Shareholders' Equity | $16.7M | $28.4M | $23.5M | $19.2M | $13.5M |
Twin Vee PowerCats Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$1.9M | -$4.1M | -$6.9M | -$7.0M | -$6.9M |
| Cash From Investing | -$8.0M | -$195,605 | -$6.6M | -$1.9M | -$1.6M |
| Cash From Financing | $16.1M | $20.9M | $6.8M | -$213,744 | $2.4M |
| Free Cash Flow | -$3.9M | -$7.5M | -$12.1M | -$13.3M | -$9.0M |
Figures from Twin Vee PowerCats' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Twin Vee PowerCats financials page for every line item.
Twin Vee PowerCats Company Profile
| Ticker | VEEE |
|---|---|
| Exchange | Nasdaq |
| Industry | Ship & Boat Building & Repairing |
| Headquarters | Ft. Pierce, Florida |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001855509 |
Frequently Asked Questions
What was Twin Vee PowerCats' revenue in fiscal 2025?
Twin Vee PowerCats (VEEE) reported revenue of $14.8M for fiscal 2025.
What is Twin Vee PowerCats' annual revenue history?
Twin Vee PowerCats' annual revenue by fiscal year: 2021: $15.8M; 2022: $32.0M; 2023: $33.4M; 2024: $14.4M; 2025: $14.8M.
What was Twin Vee PowerCats' net income in fiscal 2025?
Twin Vee PowerCats reported net income of -$8.6M for fiscal 2025.
What was Twin Vee PowerCats' earnings per share (EPS) in fiscal 2025?
Twin Vee PowerCats' diluted EPS was -$161.69 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Twin Vee PowerCats generate in fiscal 2025?
Twin Vee PowerCats generated -$9.0M of free cash flow in fiscal 2025.
What was Twin Vee PowerCats' revenue last quarter?
In its most recent reported quarter (2026 Q2), Twin Vee PowerCats reported revenue of $3.1M.
How much debt does Twin Vee PowerCats have?
Twin Vee PowerCats reported $499,900 of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Twin Vee PowerCats are outstanding?
Twin Vee PowerCats reported a weighted average of 571,161 basic shares outstanding in 2026 Q2.
What is Twin Vee PowerCats' market cap?
Based on its latest closing price, Twin Vee PowerCats (VEEE) has a market capitalization of about $5.1M.
When does Twin Vee PowerCats' fiscal year end?
Twin Vee PowerCats' fiscal year end, as registered with the SEC, is December 31.
Where is Twin Vee PowerCats headquartered?
Twin Vee PowerCats lists its business address in Ft. Pierce, Florida in its SEC filings.