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VEEE

Twin Vee Powercats Co.

VEEE

Twin Vee Powercats Co. • NASDAQ
$2.69 ▲ 50.84% (+0.91)
Market Cap $6.01 M
52w High $9.30
52w Low $1.45
Dividend Yield 0%
P/E -0.4
Volume 18.28M
Outstanding Shares 2.24M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.429M ▼ $2.731M ▲ $-2.756M ▼ -80.36% ▼ $-1.23 ▼ $-2.323M ▼
Q2-2025 $4.756M ▲ $2.33M ▲ $-1.654M ▼ -34.781% ▲ $-0.87 ▼ $-1.014M ▲
Q1-2025 $3.612M ▲ $2.216M ▼ $-1.61M ▲ -44.577% ▲ $-0.28 ▲ $-1.132M ▲
Q4-2024 $1.884M ▼ $3.275M ▲ $-3.902M ▼ -207.102% ▼ $-0.68 ▼ $-3.657M ▼
Q3-2024 $2.901M $2.844M $-2.512M -86.587% $-0.26 $-2.512M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.705M ▼ $18.895M ▼ $2.963M ▼ $15.932M ▼
Q2-2025 $5.962M ▲ $22.358M ▼ $3.735M ▼ $18.623M ▲
Q1-2025 $4.91M ▼ $23.55M ▼ $5.888M ▼ $17.663M ▼
Q4-2024 $7.491M ▼ $25.888M ▼ $6.671M ▼ $19.217M ▲
Q3-2024 $11.145M $30.14M $6.932M $17.39M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.756M ▼ $-2.648M ▼ $-452.927K ▲ $-156.218K ▼ $-3.257M ▼ $-3.128M ▼
Q2-2025 $-1.654M ▼ $-745.613K ▲ $-707.661K ▲ $2.505M ▲ $1.051M ▲ $-1.453M ▲
Q1-2025 $-1.61M ▲ $-1.736M ▲ $-789.774K ▲ $-54.806K ▼ $-2.581M ▲ $-2.565M ▲
Q4-2024 $-4.146M ▼ $-2.335M ▲ $-1.294M ▼ $-23.179K ▲ $-3.652M ▼ $-3.632M ▲
Q3-2024 $-3.01M $-2.407M $-320.034K $-53.536K $-2.78M $-3.736M

Five-Year Company Overview

Income Statement

Income Statement Twin Vee is still in a very early, build‑out stage from an earnings perspective. Revenue has been small and only slowly increasing, and while the company does generate some gross profit, it is not enough yet to cover all its operating costs. As a result, operating losses have been recurring in recent years and the bottom line remains firmly in the red. The very sharp drop in earnings per share in the most recent year suggests either larger losses, a share count change, or one‑off items that made results look much worse on a per‑share basis. Overall, this is a business focused more on growth and development than on profitability at this point, with no clear sign yet of sustained earnings power.

Balance Sheet

Balance Sheet The balance sheet is simple and relatively clean but also quite small. Twin Vee holds a modest amount of assets and cash, and importantly carries no reported debt, so it is not weighed down by interest payments. Equity funds the business, which gives some flexibility but also means the company leans heavily on shareholders to support operations and growth. The slight erosion in cash and total assets recently suggests that the company is drawing down resources to fund losses and investment, so ongoing access to capital will be an important watchpoint.

Cash Flow

Cash Flow Cash flow mirrors the income statement picture: the core business has been using, not generating, cash. Operating cash flow has been negative in recent years, meaning the company is spending more on running the business than it brings in from customers. On top of that, Twin Vee is investing in the business, so free cash flow is also negative. While the absolute amounts look modest, for a company of this size it underlines that Twin Vee remains dependent on outside financing or future improvements in profitability to sustain and expand its operations.

Competitive Edge

Competitive Edge Twin Vee operates in a niche of the recreational boat market with its power catamaran designs, which gives it a distinct product identity compared with traditional monohull boat makers. Its long focus on ride quality, stability, and fuel efficiency has created a recognizable brand among enthusiasts, and its slogan about having the best‑riding boats reflects that positioning. At the same time, it competes in a cyclical, discretionary market against much larger and better‑capitalized manufacturers. Its scale is limited, which can constrain marketing, distribution, and pricing power. The BoatsForSale.com platform and established reputation in catamarans provide some differentiation, but the company still faces the usual challenges of being a smaller player in a competitive, economically sensitive industry.

Innovation and R&D

Innovation and R&D Innovation is a clear emphasis for Twin Vee. The company leans on its refined catamaran hull design as a technical edge, aiming to offer smoother, more stable rides and better efficiency than many conventional boats. It is also pushing into electric propulsion through its related electric boat effort, and experimenting with proprietary electric drive systems. On the user‑experience side, it is rolling out fully digital control systems and tech‑focused models, and backing that up with an AI‑enhanced online marketplace via BoatsForSale.com. The upside is meaningful differentiation and exposure to growth areas like electric boating and marine tech; the risk is that these initiatives require sustained spending and execution in a company that is still small and not yet profitable, so payoffs may be uncertain and take time to materialize.

Summary

Twin Vee is a small, niche boat builder that has carved out a reputation for catamaran powerboats and is now trying to extend that into electric propulsion and digital marine technology. Financially, it remains in a development stage: revenue is modest, losses are recurring, cash flow is negative, and the company relies on equity with no debt on the books. Its strengths lie in a differentiated product, a focused brand, and a willingness to innovate in both hardware and software. Its main challenges are scale, profitability, and the need to fund ongoing innovation in a cyclical, competitive consumer market. The overall picture is of a young, innovation‑driven marine company still working toward demonstrating durable earnings and self‑funded growth.

NEWS

November 24, 2025 · 8:00 AM UTC

Twin Vee PowerCats Highlights Major Tax Advantages for Boat Buyers Under the "Big Beautiful Bill"

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November 12, 2025 · 8:30 AM UTC

Twin Vee PowerCats Co. Announces Commencement of Bahama Boat Works Production and Customer Deliveries

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November 6, 2025 · 8:30 AM UTC

Twin Vee PowerCats Reports Third Quarter 2025 Financial Results

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November 3, 2025 · 8:30 AM UTC

Twin Vee PowerCats Co. Announces Sale of North Carolina Property

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October 30, 2025 · 8:00 AM UTC

Twin Vee PowerCats Co. to Host Q3 2025 Earnings Call on November 6

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