Filing Flows › Twin Vee PowerCats (VEEE) › Q1 2026
Twin Vee PowerCats (VEEE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Twin Vee PowerCats (VEEE) reported revenue of $4.0M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +31% from the quarter before. Operating margin was -53.9%, net loss $2.1M (52.8% of revenue).
Twin Vee PowerCats, Q1 2026: revenue $4.0M (+10% year over year), operating margin -53.9%, net loss $2.1M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0M | +31% | +10% |
| Operating profit | −$2.1M | — | — |
| Net earnings | −$2.1M | — | — |
| Operating cash flow | −$1.7M | — | — |
What changed
Revenue was $4.0M in Q1 2026, up 10% year over year and up 31% from the previous quarter.
Gross margin was 5.0%, down 9.9 points from Q1 2025. Operating costs exceeded revenue by $2.1M, an operating margin of -53.9%. Operating expenses grew 5% against revenue growth of 10%. The fastest-growing cost line was SG&A (+44%). The quarter ended with a net loss of $2.1M, narrower than the previous quarter's $2.6M loss.
Operating cash flow was −$1.7M. Non-cash charges added back $467K of depreciation and amortization and $75K of share-based compensation. Working capital and other items used $109K. Capital expenditures of $109K exceeded it, leaving free cash flow of −$1.8M.
Questions
What was Twin Vee PowerCats' revenue in the first quarter 2026?
Twin Vee PowerCats (VEEE) reported revenue of $4.0M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +31% from the quarter before.
Was Twin Vee PowerCats profitable in the first quarter 2026?
Operating loss was $2.1M (-53.9% of revenue) and net loss $2.1M.
Source: Twin Vee PowerCats 10-Q on SEC EDGAR.