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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.
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
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $2.8M | -19% | -112.1% | −$3.0M | −$1.9M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $3.1M | -34% | -96.6% | −$2.9M | −$1.6M |
| Q1 2026 | 10-Q | May 7, 2026 | $4.0M | +10% | -53.9% | −$2.1M | −$1.7M |
| Q4 2025 | 10-K | Feb 27, 2026 | $3.0M | +60% | -87.7% | −$2.6M | −$1.7M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $3.4M | +18% | -81.0% | −$2.8M | −$2.6M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $4.8M | +10% | -35.2% | −$1.7M | −$746K |
| Q1 2025 | 10-Q | May 8, 2025 | $3.6M | -32% | -46.5% | −$1.6M | −$1.7M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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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%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| VEEE Twin Vee PowerCats | Q3 2026 | $2.8M | -19% | -112.1% |
| GD General Dynamics | Q3 2026 | $14.6B | +13% | 10.5% |
| HII Huntington Ingalls Industries | Q3 2026 | $3.5B | +11% | 7.0% |
| MBUU Malibu Boats | Q1 FY27 | $253M | +30% | 5.2% |
| MCFT MasterCraft Boat Holdings | Q4 FY26 | $130M | +63% | -4.9% |
| NXB NextBoat | Q2 2026 | $59.1M | +88% | -1.8% |
Source: Twin Vee PowerCats 10-Q on SEC EDGAR · CIK 1855509 · Ship & Boat Building & Repairing
Guidance and outlook
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