Twin Vee PowerCats, Co. VEEE
"us" or the "Company") is a designer, manufacturer and marketer of recreational and commercial power boats. We
believe our company, founded in 1996, has been an innovator in the recreational and commercial power catamaran industry. Our twin-hull
catamaran running surface, known as a symmetrical catamaran hull design, adds to the Twin Vee ride quality by reducing drag, increasing
fuel efficiency and offering users a stable riding boat. Twin Vee's home base of operations in Fort Pierce, Florida is a 7.5-acre
Last close
8.89
2026-10-23
Market cap
$5.1M
2026-06-30 share count
52-week range
4.16 - 127.65
Valuation FY2025 figures against the last close
P/S0.3x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-4.37
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $14.8M | $14.4M | $33.4M | $32.0M | $15.8M | $11.1M | — |
| Cost of revenue | $13.6M | $15.1M | $30.2M | $21.3M | $9.5M | $6.3M | — |
| Gross profit | $1.3M | -$751.4K | $3.3M | $10.7M | $6.3M | $4.8M | — |
| R&D | — | $586.4K | $1.4M | $941.5K | $211.1K | $0 | — |
| SG&A | $2.5M | $3.1M | $3.7M | $2.8M | $1.7M | $872.7K | — |
| Total operating expenses | $10.0M | $13.8M | $15.3M | $16.7M | $7.9M | $4.1M | — |
| Operating income | -$8.8M | -$14.6M | -$12.0M | -$6.0M | -$1.6M | $720.8K | — |
| Interest expense | $81.2K | $222.6K | $221.2K | $164.2K | $136.7K | $178.6K | — |
| Pre-tax income | — | — | — | — | -$1.0M | $1.2M | — |
| Income tax | — | — | — | — | $0 | $0 | — |
| Net income | -$8.6M | -$11.0M | -$7.2M | -$5.1M | -$1.0M | $1.2M | — |
| EPS, basic | -4.37 | -11.01 | -0.76 | -0.67 | -0.19 | 0.29 | — |
| EPS, diluted | -4.37 | -11.01 | -0.76 | -0.67 | -0.19 | 0.29 | — |
| Shares, diluted (wtd. avg.) | 2.0M | 1.0M | 9.5M | 7.6M | 5.3M | 4.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.4M | $7.5M | $16.8M | $23.5M | $7.0M | $891.8K | $215.6K |
| Short-term investments | — | — | $4.5M | $1.5M | $3.0M | — | — |
| Receivables | — | — | $80.2K | $14.2K | $5.1K | — | — |
| Inventory | $2.5M | $2.5M | $4.9M | $4.0M | $1.8M | $936.7K | — |
| Total current assets | $4.9M | $10.4M | $26.6M | $29.9M | $13.1M | $1.8M | — |
| Property, plant and equipment | $8.3M | $15.0M | $12.3M | $5.5M | $2.9M | $1.4M | — |
| Total assets | $16.2M | $25.9M | $39.8M | $38.2M | $20.6M | $4.5M | — |
| Accounts payable | $1.1M | $2.2M | $2.4M | $2.1M | $1.2M | $799.3K | — |
| Total current liabilities | $2.2M | $3.7M | $4.2M | $3.8M | $2.2M | $1.4M | — |
| Long-term debt | $499.9K | $499.9K | $499.9K | $499.9K | $499.9K | — | — |
| Total liabilities | $2.8M | $6.7M | $7.8M | $5.2M | $3.9M | $3.0M | — |
| Retained earnings | -$34.0M | -$25.4M | -$14.3M | -$7.2M | -$2.0M | -$1.0M | — |
| Total equity | $13.5M | $19.2M | $32.0M | $33.0M | $16.7M | $1.5M | $115.6K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6.9M | -$7.0M | -$6.9M | -$4.1M | -$1.9M | $364.6K | — |
| Depreciation and amortisation | $1.7M | $1.7M | $1.4M | $553.8K | $198.5K | $155.7K | — |
| Stock-based compensation | $303.1K | $1.2M | $1.9M | $1.4M | $309.8K | — | — |
| Capital expenditure | $2.2M | $6.3M | $5.2M | $3.4M | $1.9M | $525.2K | — |
| Investing cash flow | -$1.6M | -$1.9M | -$6.6M | -$195.6K | -$8.0M | -$200.5K | — |
| Financing cash flow | $2.4M | -$213.7K | $6.8M | $20.9M | $16.1M | $512.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001731122-26-000317.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $11.1M | $15.8M | $32.0M | $33.4M | $14.4M | $14.8M |
| Gross profit | — | $4.8M | $6.3M | $10.7M | $3.3M | -$751.4K | $1.3M |
| Net income | — | $1.2M | -$1.0M | -$5.1M | -$7.2M | -$11.0M | -$8.6M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Charter or fiscal year changed Item 5.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Item 5.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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