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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $14.82M | $14.39M | $33.43M | $31.99M | $11.06M |
| Cost of Revenue | $13.56M | $15.14M | $23.70M | $21.33M | $6.29M |
| Gross Profit | $1.26M | ($751.4K) | $9.72M | $10.66M | $4.77M |
| R&D | - | $586.4K | $1.44M | $941.5K | $0 |
| SG&A | $2.50M | $3.10M | $3.73M | $2.76M | $872.7K |
| Total Operating Expenses | $10.04M | $13.80M | $21.71M | $16.68M | $4.05M |
| D&A | $1.73M | $1.75M | $553.8K | $553.8K | $155.7K |
| Operating Income | ($8.78M) | ($14.55M) | ($11.99M) | ($6.02M) | $720.8K |
| Interest Expense | - | - | - | - | - |
| Income Tax | - | - | - | - | $0 |
| Net Income | ($8.61M) | ($11.05M) | ($7.19M) | ($5.79M) | $1.17M |
| EPS - Basic | ($161.69) | ($407.00) | ($281.20) | ($281.20) | $107.30 |
| EPS - Diluted | ($161.69) | ($407.00) | ($281.20) | ($281.20) | $107.30 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.43M | $7.49M | $16.50M | $23.50M | $6.98M |
| Accounts Receivable | - | $14.2K | $80.2K | $14.2K | $5.1K |
| Inventory | $2.49M | $2.52M | $4.88M | $4.01M | $1.80M |
| Accounts Payable | $1.11M | $2.22M | $2.40M | $2.07M | $1.20M |
| Current Assets | $4.90M | $10.42M | $26.65M | $29.89M | $13.07M |
| Total Assets | $16.23M | $25.89M | $39.85M | $38.23M | $20.60M |
| Current Liabilities | $2.24M | $3.75M | $4.22M | $3.79M | $2.16M |
| Long-term Debt | $499.9K | $499.9K | $499.9K | $499.9K | $499.9K |
| Total Liabilities | $2.77M | $6.67M | $7.80M | $5.21M | $3.90M |
| Stockholders' Equity | $13.47M | $19.22M | $23.51M | $28.44M | $16.70M |
| Retained Earnings | ($34.00M) | ($25.39M) | ($14.35M) | ($7.15M) | ($2.02M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($6.88M) | ($6.97M) | ($6.93M) | ($4.15M) | $364.6K |
| Investing Cash Flow | ($1.59M) | ($1.86M) | ($6.63M) | ($195.6K) | ($200.5K) |
| Financing Cash Flow | $2.41M | ($213.7K) | $6.82M | $20.87M | $512.0K |
| CapEx | $2.16M | $6.34M | $5.16M | $3.37M | $525.2K |
| Free Cash Flow | ($9.04M) | ($13.32M) | ($12.10M) | ($7.51M) | ($160.5K) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 8.5% | -5.2% | 29.1% | 33.3% | 43.2% |
| Operating margin | -59.3% | -101.1% | -35.9% | -18.8% | 6.5% |
| EBITDA margin | -47.6% | -89.0% | -34.2% | -17.1% | 7.9% |
| Net margin | -58.1% | -76.8% | -21.5% | -18.1% | 10.6% |
| Free cash flow margin | -61.0% | -92.5% | -36.2% | -23.5% | -1.5% |
| FCF / Net income | 1.05 | 1.21 | 1.68 | 1.30 | -0.14 |
| R&D / Revenue | - | 4.1% | 4.3% | 2.9% | 0.0% |
| SG&A / Revenue | 16.9% | 21.5% | 11.2% | 8.6% | 7.9% |
| Effective tax rate | - | - | - | - | 0.0% |
| Return on assets | -53.0% | -42.7% | -18.0% | -15.2% | 5.7% |
| Return on equity | -63.9% | -57.5% | -30.6% | -20.4% | 7.0% |
| Return on invested capital | - | - | - | - | 4.2% |
| Liquidity | |||||
| Current ratio | 2.18 | 2.78 | 6.32 | 7.88 | 6.07 |
| Quick ratio | 1.07 | 2.11 | 5.16 | 6.83 | 5.23 |
| Cash ratio | 0.64 | 2.00 | 3.91 | 6.20 | 3.24 |
| Leverage | |||||
| Debt / Equity | 0.04 | 0.03 | 0.02 | 0.02 | 0.03 |
| Debt / Assets | 0.03 | 0.02 | 0.01 | 0.01 | 0.02 |
| Debt / EBITDA | - | - | - | - | 0.57 |
| Interest coverage | - | - | - | - | - |
| Equity multiplier | 1.21 | 1.35 | 1.69 | 1.34 | 1.23 |
| Liabilities / Assets | 0.17 | 0.26 | 0.20 | 0.14 | 0.19 |
| Efficiency | |||||
| Asset turnover | 0.91 | 0.56 | 0.84 | 0.84 | 0.54 |
| Inventory turnover | 5.44 | 6.02 | 4.85 | 5.32 | 3.49 |
| Days sales outstanding | - | 0d | 1d | 0d | 0d |
| Days inventory outstanding | 67d | 61d | 75d | 69d | 104d |
| Days payable outstanding | 30d | 53d | 37d | 35d | 70d |
| Cash conversion cycle | - | 8d | 39d | 33d | 35d |
| Valuation | |||||
| P / E | - | - | - | - | 13.8x |
| P / B | 9.4x | 106.2x | 212.7x | 181.6x | 355.4x |
| P / S | 8.6x | 141.9x | 149.6x | 161.4x | 536.4x |
| EV / EBITDA | - | - | - | - | 6763.2x |
| Growth | |||||
| Revenue growth (YoY) | 3.0% | -57.0% | 4.5% | 189.1% | - |
| Revenue CAGR (3y) | -22.6% | 9.2% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | -8.8% | 123.2% | - |
| Operating income growth (YoY) | 39.7% | -21.4% | -99.1% | - | - |
| Net income growth (YoY) | 22.1% | -53.6% | -24.1% | - | - |
| EPS growth (YoY) | 60.3% | -44.7% | 0.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | 32.1% | -10.1% | -61.0% | -4578.8% | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | -29.9% | -18.3% | -17.3% | 70.3% | - |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-0.38
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Ship & Boat Building & Repairing
Comparing Twin Vee PowerCats against the 5 most active filers in the same SIC group.