Twin Vee Powercats Co. (VEEE) Income Statement
VEEE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVEEE revenue and net income
Where VEEE's revenue goes
2025Each bar shows an amount and its share of revenue. VEEE kept −58.1% of revenue as net income.
VEEE profit margins
VEEE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.0% | −22.6% | +6.0% | — |
| Gross profit | — | −51.0% | −23.4% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VEEE quarterly EPS vs estimates
Twin Vee Powercats beat the analyst EPS estimate in 1 of the last 2 quarters. Next report: November 5, 2026.
VEEE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $14.8M | $14.4M | $33.4M | $32.0M | $15.8M | $11.1M | $10.4M |
| Cost of revenue | $13.6M | $15.1M | $30.2M | $21.3M | $9.5M | $6.3M | $6.4M |
| Gross profit | $1.3M | −$751,425 | $3.3M | $10.7M | $6.3M | $4.8M | $4.1M |
| Research & development | $0 | $586,379 | $1.4M | $941,533 | $211,111 | $0 | — |
| Sales, general & admin | $7.7M | $11.1M | $12.5M | $15.2M | $7.5M | $3.9M | $4.1M |
| Total operating expenses | $9.4M | $13.8M | $15.3M | $16.7M | $7.9M | $4.1M | $4.2M |
| Operating income | −$8.2M | −$14.6M | −$12.0M | −$6.0M | −$1.6M | $720,834 | −$161,227 |
| Interest income | $198,643 | $150,553 | $74,596 | $75,401 | $0 | — | — |
| Interest expense | $81,229 | $222,594 | $221,157 | $164,155 | $136,709 | $178,584 | $165,468 |
| Income before taxes | −$8.6M | −$14.0M | −$9.8M | −$5.8M | −$1.0M | $1.2M | −$326,695 |
| Income taxes | — | −$11.0M | −$7.2M | $127,693 | $137,247 | $178,584 | $165,468 |
| Net income | −$8.6M | −$11.0M | −$7.2M | −$5.1M | −$1.0M | $1.2M | −$326,695 |
| EBITDA | −$6.4M | −$12.0M | −$8.2M | −$5.1M | −$675,777 | $1.5M | −$46,171 |
| EPS (diluted) | −$142.27 | −$9.28 | −$0.78 | −$0.50 | −$0.15 | −$0.02 | $0.02 |
| Gross margin | 8.5% | −5.2% | 9.8% | 33.3% | 39.8% | 43.2% | 39.1% |
| Operating margin | −55.1% | −101.1% | −35.9% | −18.8% | −10.3% | 6.5% | −1.5% |
| Net margin | −58.1% | −76.8% | −21.5% | −16.1% | −6.4% | 10.6% | −3.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1M | $4.0M | $3.0M | $3.4M | $4.8M | $3.6M | $1.9M | $2.9M | $4.3M | $5.3M | $8.4M | $8.1M |
| Cost of revenue | $3.3M | $3.8M | $2.9M | $3.5M | $4.1M | $3.1M | $3.0M | $3.0M | $4.1M | $5.0M | $6.6M | $7.5M |
| Gross profit | −$182,668 | $196,337 | $111,167 | −$45,229 | $654,053 | $537,114 | −$1.1M | −$145,657 | $202,340 | $277,313 | $1.8M | $605,511 |
| Research & development | — | — | $0 | $0 | $0 | $0 | $2,501 | $89,403 | $344,784 | $149,691 | $513,072 | $63,867 |
| Sales, general & admin | $1.7M | $860,551 | $2.3M | $1.9M | $1.9M | $2.2M | $2.7M | $2.3M | $2.7M | $2.7M | $4.6M | $3.0M |
| Total operating expenses | $2.8M | $2.3M | $2.7M | $2.7M | $2.3M | $2.2M | $3.3M | $2.8M | $4.9M | $2.8M | $5.6M | $3.4M |
| Operating income | −$3.0M | −$2.1M | −$2.6M | −$2.8M | −$1.7M | −$1.7M | −$4.4M | −$3.0M | −$4.7M | −$2.5M | −$3.8M | −$2.8M |
| Interest income | $132,460 | $52,596 | $70,458 | $32,870 | $39,682 | $55,633 | $43,256 | $99,418 | $5,302 | $2,577 | $14,708 | $32,648 |
| Interest expense | $8,935 | $10,940 | $12,889 | $12,581 | $19,556 | $36,203 | $43,672 | $57,034 | $54,938 | $66,950 | $107,634 | $0 |
| Income before taxes | −$2.9M | −$2.1M | −$2.6M | −$2.8M | −$1.7M | −$1.6M | −$4.1M | −$3.0M | −$4.5M | −$2.3M | −$3.6M | −$2.4M |
| Income taxes | — | — | — | — | — | — | — | −$2.5M | −$2.9M | −$1.7M | −$776,951 | −$341,826 |
| Net income | −$2.9M | −$2.1M | −$2.6M | −$2.8M | −$1.7M | −$1.6M | −$3.9M | −$2.5M | −$2.9M | −$1.7M | −$2.8M | −$1.9M |
| EBITDA | −$2.3M | −$1.5M | −$2.0M | −$2.2M | −$1.0M | −$1.1M | −$3.7M | −$2.5M | −$3.8M | −$1.8M | −$3.0M | −$2.1M |
| EPS (diluted) | −$5.07 | — | — | −$1.23 | −$0.49 | −$1.08 | −$3.37 | −$2.64 | −$3.09 | −$0.18 | −$0.30 | −$0.20 |
| Gross margin | −5.8% | 5.0% | 3.7% | −1.3% | 13.8% | 14.9% | −57.6% | −5.0% | 4.7% | 5.3% | 21.4% | 7.5% |
| Operating margin | −96.6% | −53.9% | −85.8% | −81.0% | −35.2% | −46.5% | −231.4% | −103.0% | −107.7% | −48.2% | −44.9% | −34.4% |
| Net margin | −92.6% | −52.8% | −85.6% | −80.4% | −34.8% | −44.6% | −207.1% | −86.6% | −68.1% | −32.0% | −33.5% | −23.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VEEE's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VEEE financial results
In fiscal year 2025 (ended December 31, 2025), Twin Vee Powercats reported revenue of $14.8 million, up 3.0% from the year before. It had a net loss of $8.6 million, a net profit margin of −58.1%. Diluted earnings per share came to −$142.27. Over five years revenue grew at an average rate of 6.0% a year.
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VEEE income statement FAQ
What is Twin Vee Powercats's annual revenue?
Twin Vee Powercats reported total revenue of $14.8 million for fiscal year 2025, which ended on December 31, 2025. That was up 3.0% from $14.4 million the previous year.
Is Twin Vee Powercats profitable?
No. Twin Vee Powercats reported a net loss of $8.6 million in fiscal 2025, a net profit margin of −58.1%; its operating margin was −55.1%.
What is Twin Vee Powercats's gross margin?
Twin Vee Powercats's gross margin was 8.5% in fiscal 2025: for every $100 of revenue, Twin Vee Powercats kept $8 after the direct cost of its products and services.
How fast is Twin Vee Powercats growing?
Revenue grew 6.0% a year on average over the last five fiscal years, from $11.1 million to $14.8 million.
What are Twin Vee Powercats's earnings per share?
Twin Vee Powercats earned $-142.27 per diluted share in fiscal 2025, compared with $-9.28 a year earlier.
When will Twin Vee Powercats report its next earnings?
Twin Vee Powercats is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Twin Vee Powercats's fiscal year end?
Twin Vee Powercats's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.