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Twin Vee PowerCats (VEEE) Q3 2026 earnings results (third quarter 2026)

10-Q filed Nov 5, 2026

Twin Vee PowerCats (VEEE) reported revenue of $2.8M for the third quarter 2026 (Q3 2026), -19% from a year earlier and -11% from the quarter before. Operating margin was -112.1%, net loss $3.0M (108.7% of revenue).

Revenue$2.8M
Year over year-19%
Quarter over quarter-11%
Operating margin-112.1%
Net earnings−$3.0M

Twin Vee PowerCats, Q3 2026: revenue $2.8M (-19% year over year), operating margin -112.1%, net loss $3.0M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$2.8M-11%-19%
Operating profit−$3.1M——
Net earnings−$3.0M——
Operating cash flow−$1.9M——

What changed

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.

Questions

What was Twin Vee PowerCats' revenue in the third quarter 2026?

Twin Vee PowerCats (VEEE) reported revenue of $2.8M for the third quarter 2026 (Q3 2026), -19% from a year earlier and -11% from the quarter before.

Was Twin Vee PowerCats profitable in the third quarter 2026?

Operating loss was $3.1M (-112.1% of revenue) and net loss $3.0M.

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Source: Twin Vee PowerCats 10-Q on SEC EDGAR.