Twin Vee Powercats Co. (VEEE) — Financial statements
Income statement, balance sheet, and cash flow for Twin Vee Powercats Co. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 15↑3.0% | 14↓57.0% | 33↑4.5% | 32↑102.8% | 16 | |
| Cost of Revenue | 14↓10.4% | 15↓49.8% | 30↑41.4% | 21↑124.6% | 9 | |
| Gross Profit | 1↑267.3% | -0.75↓123.0% | 3↓69.3% | 11↑69.8% | 6 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 0.59↓59.4% | 1↑53.3% | 0.94↑346.0% | 0.21 | |
| General & Administrative Expenses | 8↓20.4% | 10↓22.4% | 12↓18.0% | 15↑102.5% | 7 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 8↓20.4% | 10↓22.4% | 12↓18.0% | 15↑102.5% | 7 | |
| Other Expenses | 2↓51.0% | 4↑161.7% | 1↑144.4% | 0.55↑178.9% | 0.20 | |
| Operating Expenses | 9↓31.7% | 14↓9.5% | 15↓8.5% | 17↑110.9% | 8 | |
| Total Costs & Expenses | 23↓20.6% | 29↓36.3% | 45↑19.5% | 38↑118.4% | 17 | |
| Operating Results | ||||||
| Operating Income | -8↑43.8% | -15↓21.4% | -12↓99.1% | -6↓269.3% | -2 | |
| Depreciation & Amortization | 2↓0.6% | 2↑29.0% | 1↑144.4% | 0.55↑178.9% | 0.20 | |
| EBITDA | -7↑43.6% | -12↓46.7% | -8↓61.7% | -5↓651.1% | -0.68 | |
| EBIT | -9↑38.2% | -14↓44.2% | -10↓69.8% | -6↓543.9% | -0.87 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.12↑263.0% | -0.07↑58.3% | -0.17↓94.7% | -0.09↑35.1% | -0.14 | |
| Interest Income | 0.20↑31.9% | 0.15↑211.3% | 0.05↓35.8% | 0.08 | 0.00 | |
| Interest Expense | 0.08↓63.5% | 0.22↑0.6% | 0.22↑34.7% | 0.16↑20.1% | 0.14 | |
| Non-Operating Income | 0.35↑146.3% | -0.76↑68.5% | -2↓518.2% | -0.39↑48.1% | -0.76 | |
| Other Income / Expenses | -0.44↓180.3% | 0.54↓75.4% | 2↑865.9% | 0.23↓63.2% | 0.62 | |
| Income Before Tax | -9↑38.6% | -14↓43.2% | -10↓68.9% | -6↓473.0% | -1 | |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -9↑38.6% | -14↓43.2% | -10↓68.9% | -6↓473.0% | -1 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -9↑22.1% | -11↓53.6% | -7↓40.0% | -5↓408.1% | -1 | |
| Bottom-Line Net Income | -9↑22.1% | -11↓53.6% | -7↓40.0% | -5↓408.1% | -1 | |
| EPS (Basic) | -161.69↑60.3% | -407.37↓1348.7% | -28.12↑2.6% | -28.86↓387.5% | -5.92 | |
| EPS (Diluted) | -161.69↑60.3% | -407.37↓1348.7% | -28.12↑2.6% | -28.86↓387.5% | -5.92 | |
| Weighted Average Shares | 0.05↑96.2% | 0.03↓89.5% | 0.26↑24.9% | 0.21↑8.9% | 0.19 | |
| Weighted Average Diluted Shares | 0.05↑96.2% | 0.03↓89.5% | 0.26↑24.9% | 0.21↑8.9% | 0.19 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.