Twin Vee PowerCats, Co.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $14.8M | $14.4M | $33.4M | $32.0M | $15.8M |
| Cost of revenue | $13.6M | $15.1M | $30.2M | $21.3M | $9.5M |
| Gross profit | $1.3M | -$751,425 | $3.3M | $10.7M | $6.3M |
| Selling, general & administrative | $2.5M | $3.1M | $3.7M | $2.8M | $1.7M |
| Research and development | — | $586,379 | $1.4M | $941,533 | $211,111 |
| Operating expenses | $10.0M | $13.8M | $15.3M | $16.7M | $7.9M |
| Operating income | -$8.8M | -$14.6M | -$12.0M | -$6.0M | -$1.6M |
| Income tax expense | — | — | — | — | $0 |
| Net income | -$8.6M | -$11.0M | -$7.2M | -$5.1M | -$1.0M |
| Balance Sheet | |||||
| Cash and equivalents | $1.4M | $7.5M | $16.5M | $23.5M | $7.0M |
| Current assets | $4.9M | $10.4M | $26.6M | $29.9M | $13.1M |
| Total assets | $16.2M | $25.9M | $39.8M | $38.2M | $20.6M |
| Current liabilities | $2.2M | $3.7M | $4.2M | $3.8M | $2.2M |
| Total liabilities | $2.8M | $6.7M | $7.8M | $5.2M | $3.9M |
| Stockholders' equity | $13.5M | $19.2M | $23.5M | $28.4M | $16.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$6.9M | -$7.0M | -$6.9M | -$4.1M | -$1.9M |
| Depreciation and amortization | $1.7M | $1.7M | $1.4M | $553,750 | $198,523 |
| Stock-based compensation | $303,133 | $1.2M | $1.9M | $1.4M | $309,832 |
| Capital expenditure | $2.2M | $6.3M | $5.2M | $3.4M | $1.9M |
| Free cash flow | -$9.0M | -$13.3M | -$12.1M | -$7.5M | -$3.9M |
| Share repurchases | — | — | $21,379 | — | — |
| Impairments | $418,416 | $1.7M | — | — | — |
Shares outstanding 529.3K · Free float 30.0%
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.