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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›VEEE›Financials
Annual statements · SEC XBRL · FY2020 – FY2025

Twin Vee PowerCats, Co. (VEEE) financials

Income statement

Twin Vee PowerCats, Co. (VEEE) income statement, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Revenue$11.1M$15.8M$32.0M$33.4M$14.4M$14.8M
Revenue growth—42.6%102.8%4.5%-57.0%3.0%
Gross profit$4.77M$6.28M$10.7M$3.27M-$751K$1.26M
Gross margin43.2%39.8%33.3%9.8%-5.2%8.5%
Operating income$721K-$1.63M-$6.02M-$12.0M-$14.6M-$8.78M
Operating margin6.5%-10.3%-18.8%-35.9%-101.1%-59.3%
Net income$1.17M-$1.01M-$5.14M-$7.19M-$11.0M-$8.61M
Net margin10.6%-6.4%-16.1%-21.5%-76.8%-58.1%
EPS (diluted)$0.29-$0.19-$0.67-$0.76-$11.01-$4.37

Cash flow

Twin Vee PowerCats, Co. (VEEE) cash flow, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$365K-$1.95M-$4.15M-$6.93M-$6.97M-$6.88M
Capital expenditures$525K$1.94M$3.37M$5.16M$6.34M$2.16M
Free cash flow-$161K-$3.89M-$7.51M-$12.1M-$13.3M-$9.04M

Balance sheet

Twin Vee PowerCats, Co. (VEEE) balance sheet, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$892K$6.98M$23.5M$16.5M$7.49M$1.43M
Total assets$4.50M$20.6M$38.2M$39.8M$25.9M$16.2M
Total liabilities$2.96M$3.90M$5.21M$7.80M$6.67M$2.77M
Long-term debt—$500K$500K$500K$500K$500K
Shareholders' equity$1.55M$16.7M$28.4M$23.5M$19.2M$13.5M
Retained earnings-$1.01M-$2.02M-$7.15M-$14.3M-$25.4M-$34.0M
Shares (wtd avg diluted)4.00M5.33M7.62M9.52M1.00M1.97M

Every figure is extracted from Twin Vee PowerCats, Co.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Twin Vee PowerCats, Co.'s annual revenue?
Twin Vee PowerCats, Co. (VEEE) reported $14.8M of revenue for fiscal year 2025 — up 3.0% from $14.4M in FY2024, per its annual report filed with the SEC.
Is Twin Vee PowerCats, Co. profitable?
Not in FY2025 — VEEE reported a net loss of $8.61M, per SEC filings.
What is Twin Vee PowerCats, Co.'s free cash flow?
-$9.04M in FY2025 (operating cash flow -$6.88M minus $2.16M of capital expenditures), from the SEC cash-flow statement.
Does VEEE pay a dividend?
Twin Vee PowerCats, Co. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full VEEE analysis — verdict, score & filings →Is VEEE a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.