Filing Flows

Filing Flows › Industrials › Twin Vee PowerCats (VEEE)

Twin Vee PowerCats (VEEE) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Twin Vee PowerCats (VEEE) Q3 2026 earnings results →

Q3 2026 Revenue down 19% year over year to $2.8M · 109¢ of every $1 of revenue lost · operating margin -112.1%

Twin Vee PowerCats made $2.8M in Q3 2026 (-19% Y/Y). Operating margin -112.1%, net loss $3.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$2.8M
Year over year-19%
Operating margin-112.1%
Net earnings−$3.0M
Operating cash flow−$1.9M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $2.8M in Q3 2026, down 19% year over year and down 11% from the previous quarter.

Operating costs exceeded revenue by $3.1M, an operating margin of -112.1%. Total costs fell 5% while revenue fell 19%. The quarter ended with a net loss of $3.0M, wider than the previous quarter's $2.9M loss.

Operating cash flow was −$1.9M. Non-cash charges added back $436K of depreciation and amortization and $36K of share-based compensation. Working capital and other items added $610K. Capital expenditures of $164K exceeded it, leaving free cash flow of −$2.1M.

Quarterly history

Twin Vee PowerCats revenue by quarterTwin Vee PowerCats revenue by quarter$3.6MQ1 2025$4.8MQ2 2025$3.4MQ3 2025$3.0MQ4 2025$4.0MQ1 2026$3.1MQ2 2026$2.8MQ3 2026
Twin Vee PowerCats net earnings by quarterTwin Vee PowerCats net earnings by quarter−$1.6MQ1 2025−$1.7MQ2 2025−$2.8MQ3 2025−$2.6MQ4 2025−$2.1MQ1 2026−$2.9MQ2 2026−$3.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$2.8M-19%-112.1%−$3.0M−$1.9M
Q2 202610-QAug 6, 2026$3.1M-34%-96.6%−$2.9M−$1.6M
Q1 202610-QMay 7, 2026$4.0M+10%-53.9%−$2.1M−$1.7M
Q4 202510-KFeb 27, 2026$3.0M+60%-87.7%−$2.6M−$1.7M
Q3 202510-QNov 6, 2025$3.4M+18%-81.0%−$2.8M−$2.6M
Q2 202510-QAug 7, 2025$4.8M+10%-35.2%−$1.7M−$746K
Q1 202510-QMay 8, 2025$3.6M-32%-46.5%−$1.6M−$1.7M

Charts

Twin Vee PowerCats: revenue growth, year over year and quarter over quarterTwin Vee PowerCats: revenue growth, year over year and quarter over quarterY/YQ/Q-32%Q1 2025+10%+32%Q2 2025+18%-28%Q3 2025+60%-12%Q4 2025+10%+31%Q1 2026-34%-21%Q2 2026-19%-11%Q3 2026
Latest (Q3 2026): Y/Y -19%, Q/Q -11%.
Twin Vee PowerCats: where the cash came from (+) and went (−), TTM to Q3 2026Twin Vee PowerCats: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow−$7.0MShares issued$5.8MCash drawn (+) / kept (−)$1.1MCapital spending−$540KOther investing$500KOther financing$101K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Twin Vee PowerCats: profit against cash, quarter by quarterTwin Vee PowerCats: profit against cash, quarter by quarterNet incomeOperating cash flow−$4.1M−$2.3MQ4 2024−$1.6M−$1.7MQ1 2025−$1.7M−$746KQ2 2025−$2.8M−$2.6MQ3 2025−$2.6M−$1.7MQ4 2025−$2.1M−$1.7MQ1 2026−$2.9M−$1.6MQ2 2026−$3.0M−$1.9MQ3 2026
Latest (Q3 2026): Net income −$3.0M, Operating cash flow −$1.9M.
Twin Vee PowerCats: diluted shares by fiscal year (split-adjusted)Twin Vee PowerCats: diluted shares by fiscal year (split-adjusted)8MFY202011MFY202115MFY202219MFY20232MFY20242MFY2025
-75.4% since FY2020: buybacks shrank the count; earlier years scaled for the 2-for-1 split before FY2025.
Twin Vee PowerCats: long-term debt falling due (FY2025)Twin Vee PowerCats: long-term debt falling due (FY2025)$7K2027$11K2028$10K2029$13K2030$459KLater
Cash $1.4M, short-term investments —, long-term debt $500K at 2025-12-31.
Twin Vee PowerCats in its industry: growth against margin (6 companies, SIC 3730)Twin Vee PowerCats in its industry: growth against margin (6 companies, SIC 3730)revenue growth, year over year →↑ operating marginmedian +30%median 5%GDHIIMBUUMCFTNXBVEEE (-19%, -100%)
Ship & Boat Building & Repairing; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

About Twin Vee PowerCats

Twin Vee PowerCats Co. (“Twin Vee” “we”, “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 facility with several buildings totaling approximately 100,000 square feet, including a nearly complete 30,000 square foot expansion which began in mid-2024. We currently employ approximately 70 people.

In its own words, from its 10-K, filed Feb 27, 2026.

Twin Vee PowerCats against its Ship & Boat Building & Repairing peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -19% against the peers' median +30%. Operating margin: -112.1% against the peers' median 5.2%.

CompanyQuarterRevenueY/YOp. margin
VEEE Twin Vee PowerCatsQ3 2026$2.8M-19%-112.1%
GD General DynamicsQ3 2026$14.6B+13%10.5%
HII Huntington Ingalls IndustriesQ3 2026$3.5B+11%7.0%
MBUU Malibu BoatsQ1 FY27$253M+30%5.2%
MCFT MasterCraft Boat HoldingsQ4 FY26$130M+63%-4.9%
NXB NextBoatQ2 2026$59.1M+88%-1.8%

Source: Twin Vee PowerCats 10-Q on SEC EDGAR · CIK 1855509 · Ship & Boat Building & Repairing

Guidance and outlook

Twin Vee PowerCats: what its forward-looking statements are about (10-Q filed 2026-11-05)Twin Vee PowerCats: what its forward-looking statements are about (10-Q filed 2026-11-05)Other3Costs2Demand1Financing1
7 statements; tone +0.00 (−1 all cautious, +1 all confident); 3 hedged.
Twin Vee PowerCats: outlook statements against the filing beforeTwin Vee PowerCats: outlook statements against the filing beforeConfident1Cautious1

More on VEEE

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

Compare VEEE with

中文版:Twin Vee PowerCats(VEEE)财报

Español · Français