VEEE · Twin Vee Powercats, Co. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.96M | - | $3.43M | $4.76M | $3.61M | - | $2.90M | $4.33M | $5.28M | - |
| Cost of Revenue | $3.77M | - | $3.47M | $4.10M | $3.08M | - | $3.05M | $4.12M | $5.00M | - |
| Gross Profit | $196.3K | - | ($45.2K) | $654.1K | $537.1K | - | ($145.7K) | $202.3K | $277.3K | - |
| R&D | - | - | - | - | - | - | $89.4K | $344.8K | $149.7K | - |
| SG&A | $860.6K | - | $650.7K | $605.3K | $598.6K | - | $764.8K | $756.0K | $694.0K | - |
| Total Operating Expenses | $2.33M | - | $2.73M | $2.33M | $2.22M | - | $2.84M | $4.86M | $2.82M | - |
| D&A | $467.2K | - | $419.8K | $425.6K | $441.7K | - | $440.5K | $284.6K | $425.3K | - |
| Operating Income | ($2.14M) | - | ($2.78M) | ($1.68M) | ($1.68M) | - | ($2.99M) | ($4.66M) | ($2.54M) | - |
| Interest Expense | $10.9K | - | $12.6K | $19.6K | $67.0K | - | $0 | $70.1K | - | - |
| Income Tax | - | - | - | - | - | - | $0 | $0 | $0 | - |
| Net Income | ($2.09M) | - | ($2.76M) | ($1.65M) | ($1.61M) | - | ($2.51M) | ($2.95M) | ($1.69M) | - |
| EPS - Basic | ($12.93) | - | ($45.51) | ($32.19) | ($39.96) | - | ($96.20) | ($114.70) | ($66.60) | - |
| EPS - Diluted | ($12.93) | - | ($45.51) | ($32.19) | ($39.96) | - | ($96.20) | ($114.70) | ($66.60) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.67M | $1.43M | $2.92M | $6.18M | $7.71M | $7.49M | $11.14M | $13.93M | $16.14M | $16.50M |
| Accounts Receivable | $583.3K | - | - | - | $198.8K | - | $129.5K | $115.8K | $80.2K | $80.2K |
| Inventory | $2.55M | $2.49M | $2.46M | $2.68M | $2.38M | $2.52M | $3.34M | $4.15M | $3.89M | $4.88M |
| Accounts Payable | $1.51M | $1.11M | $1.41M | $2.03M | $1.51M | $2.22M | $1.96M | $2.78M | $1.49M | $2.40M |
| Current Assets | $9.60M | $4.90M | $10.05M | $13.39M | $12.20M | $10.42M | $15.38M | $19.58M | $21.78M | $26.65M |
| Total Assets | $23.22M | $16.23M | $18.89M | $22.36M | $23.55M | $25.89M | $30.14M | $33.75M | $36.45M | $39.85M |
| Current Liabilities | $3.23M | $2.24M | $2.44M | $3.20M | $3.02M | $3.75M | $3.84M | $4.56M | $2.90M | $4.22M |
| Long-term Debt | $499.9K | $499.9K | $499.9K | $499.9K | $499.9K | $499.9K | $499.9K | $499.9K | $499.9K | $499.9K |
| Total Liabilities | $5.97M | $2.77M | $2.96M | $3.73M | $5.89M | $6.67M | $6.93M | $7.81M | $6.31M | $7.80M |
| Stockholders' Equity | $17.25M | $13.47M | $15.93M | $18.62M | $17.66M | $19.22M | $17.39M | $19.62M | $22.25M | $23.51M |
| Retained Earnings | ($36.09M) | ($34.00M) | ($31.41M) | ($28.66M) | ($27.00M) | ($25.39M) | ($21.49M) | ($18.98M) | ($16.03M) | ($14.35M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.66M) | - | - | - | ($1.74M) | - | - | - | ($1.75M) | - |
| Investing Cash Flow | ($108.7K) | - | - | - | ($789.8K) | - | - | - | $1.48M | - |
| Financing Cash Flow | $5.79M | - | - | - | ($54.8K) | - | - | - | ($83.7K) | - |
| CapEx | $108.7K | - | - | - | $828.9K | - | - | - | $1.99M | - |
| Free Cash Flow | ($1.77M) | - | - | - | ($2.57M) | - | - | - | ($3.74M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 5.0% | - | -1.3% | 13.8% | 14.9% | - | -5.0% | 4.7% | 5.3% | - |
| Operating margin | -53.9% | - | -81.0% | -35.2% | -46.5% | - | -103.0% | -107.7% | -48.2% | - |
| EBITDA margin | -42.1% | - | -68.7% | -26.3% | -34.3% | - | -87.8% | -101.1% | -40.1% | - |
| Net margin | -52.8% | - | -80.4% | -34.8% | -44.6% | - | -86.6% | -68.1% | -32.0% | - |
| Free cash flow margin | -44.6% | - | - | - | -71.0% | - | - | - | -70.9% | - |
| FCF / Net income | 0.84 | - | - | - | 1.59 | - | - | - | 2.22 | - |
| R&D / Revenue | - | - | - | - | - | - | 3.1% | 8.0% | 2.8% | - |
| SG&A / Revenue | 21.7% | - | 19.0% | 12.7% | 16.6% | - | 26.4% | 17.5% | 13.2% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -9.0% | - | -14.6% | -7.4% | -6.8% | - | -8.3% | -8.7% | -4.6% | - |
| Return on equity | -12.1% | - | -17.3% | -8.9% | -9.1% | - | -14.4% | -15.0% | -7.6% | - |
| Return on invested capital | - | - | - | - | - | - | -13.2% | -18.3% | -8.8% | - |
| Liquidity | ||||||||||
| Current ratio | 2.97 | 2.18 | 4.13 | 4.18 | 4.04 | 2.78 | 4.00 | 4.29 | 7.52 | 6.32 |
| Quick ratio | 2.18 | 1.07 | 3.12 | 3.34 | 3.25 | 2.11 | 3.13 | 3.38 | 6.18 | 5.16 |
| Cash ratio | 1.75 | 0.64 | 1.20 | 1.93 | 2.55 | 2.00 | 2.90 | 3.05 | 5.57 | 3.91 |
| Leverage | ||||||||||
| Debt / Equity | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
| Debt / Assets | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -195.2x | - | -220.7x | -85.7x | -25.1x | - | - | -66.4x | - | - |
| Equity multiplier | 1.35 | 1.21 | 1.19 | 1.20 | 1.33 | 1.35 | 1.73 | 1.72 | 1.64 | 1.69 |
| Liabilities / Assets | 0.26 | 0.17 | 0.16 | 0.17 | 0.25 | 0.26 | 0.23 | 0.23 | 0.17 | 0.20 |
| Efficiency | ||||||||||
| Asset turnover | 0.17 | - | 0.18 | 0.21 | 0.15 | - | 0.10 | 0.13 | 0.14 | - |
| Inventory turnover | 1.47 | - | 1.41 | 1.53 | 1.29 | - | 0.91 | 0.99 | 1.29 | - |
| Days sales outstanding | 54d | - | - | - | 20d | - | 16d | 10d | 6d | - |
| Days inventory outstanding | 247d | - | 259d | 239d | 282d | - | 401d | 367d | 284d | - |
| Days payable outstanding | 146d | - | 148d | 180d | 179d | - | 235d | 246d | 109d | - |
| Cash conversion cycle | 155d | - | - | - | 123d | - | 182d | 131d | 180d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.1x | - | 14.2x | 8.5x | 10.4x | - | 121.5x | 97.8x | 136.1x | - |
| P / S | 0.4x | - | 66.1x | 33.1x | 50.7x | - | 728.4x | 443.7x | 574.1x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 9.8% | - | 18.2% | 9.9% | -31.5% | - | -64.1% | -46.7% | -40.6% | - |
| Revenue CAGR (3y) | -23.6% | - | -27.0% | -17.7% | 4.0% | - | 5.1% | 9.5% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -63.4% | - | 68.9% | 223.2% | 93.7% | - | - | -91.0% | -91.4% | - |
| Operating income growth (YoY) | -27.2% | - | 7.1% | 64.0% | 34.0% | - | -7.5% | -53.0% | -7.3% | - |
| Net income growth (YoY) | -30.1% | - | -9.7% | 43.8% | 4.5% | - | -2.8% | -54.7% | 7.8% | - |
| EPS growth (YoY) | 67.6% | - | 52.7% | 71.9% | 40.0% | - | - | -81828.6% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 31.0% | - | - | - | 31.4% | - | - | - | -25.7% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -2.3% | -29.9% | -8.4% | -5.1% | -20.6% | -18.3% | -32.8% | -28.0% | -19.8% | -17.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Business segments
$33.43M totalGas Powered Boat$33.39M · 99.9%
Electric Boat And Development$37.1K · 0.1%
Peer comparison
Same SIC group: Ship & Boat Building & Repairing
Comparing Twin Vee PowerCats against the 5 most active filers in the same SIC group.