VEEE Nasdaq Ship & Boat Building & Repairing Financials FY2020βFY2025
Twin Vee PowerCats, Co. had $14.8M of revenue in fiscal 2025, up 3.0% on the year before. Over five years, revenue changed +6.0% a year on average.
Last close Β· Oct 23, 2026
$8.89
4.3%Hi! I read Twin Vee PowerCats, Co.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+3.0%
Only a little. Sales grew 3.0% last year.
Does it make a profit?
β58.1%
No. It lost money last year.
Does profit turn into cash?
β61.0%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 9
Weak. It passes 3 of 9 health tests.
How is the share priced?
0.2x
One share costs 0.2 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Twin Vee PowerCats, Co. did it, and the next one. Share prices often move a lot on those days.
Next results
November 5, 2026
Thursday Β· in 10 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 6, 2026 | Q2 '26 | Before the market opens | 10-Q β |
| May 7, 2026 | Q1 '26 | After the market closes | 10-Q β |
| Feb 27, 2026 | Q4 '25 | After the market closes | 10-K β |
| Nov 6, 2025 | Q3 '25 | After the market closes | 10-Q β |
| Aug 7, 2025 | Q2 '25 | Time not announced | 8-K β |
| May 8, 2025 | Q1 '25 | After the market closes | 8-K β |
| Mar 20, 2025 | Q4 '24 | After the market closes | 10-K β |
| Nov 14, 2024 | Q3 '24 | After the market closes | 10-Q β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Twin Vee PowerCats, Co. had $14.8M of revenue in fiscal 2025, up 3.0% on the year before. Over five years, revenue changed +6.0% a year on average. Its operating margin was β59.3%, up 41.9Β pts: of every 100 in sales, about β59 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Twin Vee PowerCats, Co. lost $8.6M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$9.0M in fiscal 2025, β61.0% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
KIRA Β· Twin Vee PowerCats, Co. has $0.9M more cash than debt.
Cash, debt and the ratios that show how comfortably Twin Vee PowerCats, Co. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $10.0M | $25.0M | $21.0M | $7.5M | $1.4M |
| Debt incl. finance leases | $0.5M | $0.5M | $3.4M | $3.1M | $0.5M |
| Debt / equity | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| Current ratio | 6.1x | 7.9x | 6.3x | 2.8x | 2.2x |
| Quick ratio | 5.2x | 6.8x | 5.2x | 2.1x | 1.1x |
| Total assets | $20.6M | $38.2M | $39.8M | $25.9M | $16.2M |
| Total liabilities | $3.9M | $5.2M | $7.8M | $6.7M | $2.8M |
| Shareholders' equity | $16.7M | $28.4M | $23.5M | $19.2M | $13.5M |
| Net debt (β = net cash) | β$9.5M | β$24.5M | β$17.6M | β$4.3M | β$0.9M |
KIRA Β· Its return on capital was β55.3%: every 100 invested in the business earned about β55 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Twin Vee PowerCats, Co. passes 3 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β |
| F-score | β / 3 | 1 / 8 | 4 / 9 | 3 / 9 | 2 / 9 | 3 / 9 |
| Accruals ratio | 17.9% | 7.5% | β3.4% | β0.7% | β12.4% | β8.2% |
| Altman Z'' | 1.47 | 7.12 | 8.54 | 3.66 | β2.26 | β4.28 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $11.1M | $15.8M | $32.0M | $33.4M | $14.4M | $14.8M |
| Net interest income | β$0.2M | β$0.1M | β$0.2M | β$0.2M | β$0.2M | β$0.1M |
| Gross profit | $4.8M | $6.3M | $10.7M | $3.3M | β$0.8M | $1.3M |
| Research and development | $0.0M | $0.2M | $0.9M | $1.4M | $0.6M | β |
| Operating income | $0.7M | β$1.6M | β$6.0M | β$12.0M | β$14.6M | β$8.8M |
| Income tax | $0.0M | $0.0M | β | β | β | β |
| Net income | $1.2M | β$1.0M | β$5.1M | β$7.2M | β$11.0M | β$8.6M |
| Net income to common | β | β$1.0M | β$5.1M | β | β | β |
| Diluted EPS | $0.29 | β$0.19 | β$0.67 | β$0.76 | β$11.01 | β$4.37 |
| Diluted shares | 0.00B | 0.01B | 0.01B | 0.01B | 0.00B | 0.00B |
| Cash flow | ||||||
| Cash from operations | $0.4M | β$1.9M | β$4.1M | β$6.9M | β$7.0M | β$6.9M |
| Capital expenditure | $0.5M | $1.9M | $3.4M | $5.2M | $6.3M | $2.2M |
| Free cash flow | β$0.2M | β$3.9M | β$7.5M | β$12.1M | β$13.3M | β$9.0M |
| Depreciation and amortization | $0.2M | $0.2M | $0.6M | $1.4M | $1.7M | $1.7M |
| Stock-based compensation | β | $0.3M | $1.4M | $1.9M | $1.2M | $0.3M |
| Balance sheet | ||||||
| Cash and short-term investments | $0.9M | $10.0M | $25.0M | $21.0M | $7.5M | $1.4M |
| Total debt | β | $0.5M | $0.5M | $0.5M | $0.5M | $0.5M |
| Finance lease liabilities | β | β | β | $2.9M | $2.6M | $0.0M |
| Current assets | $1.8M | $13.1M | $29.9M | $26.6M | $10.4M | $4.9M |
| Current liabilities | $1.4M | $2.2M | $3.8M | $4.2M | $3.7M | $2.2M |
| Inventory | $0.9M | $1.8M | $4.0M | $4.9M | $2.5M | $2.5M |
| Property and equipment, net | $1.4M | $2.9M | $5.5M | $12.3M | $15.0M | $8.3M |
| Total assets | $4.5M | $20.6M | $38.2M | $39.8M | $25.9M | $16.2M |
| Total liabilities | $3.0M | $3.9M | $5.2M | $7.8M | $6.7M | $2.8M |
| Preferred stock | β | β | β | $0.0M | β | β |
| Shareholders' equity | $1.5M | $16.7M | $28.4M | $23.5M | $19.2M | $13.5M |
| Margins | ||||||
| Gross margin | 43.2% | 39.8% | 33.3% | 9.8% | β5.2% | 8.5% |
| Operating margin | 6.5% | β10.3% | β18.8% | β35.9% | β101.1% | β59.3% |
| EBITDA margin | 7.9% | β9.1% | β17.1% | β31.8% | β89.0% | β47.6% |
| Net margin | 10.6% | β6.4% | β16.1% | β21.5% | β76.8% | β58.1% |
| FCF margin | β1.5% | β24.6% | β23.5% | β36.2% | β92.5% | β61.0% |
| Net interest share of revenue | β1.6% | β0.9% | β0.5% | β0.7% | β1.5% | β0.5% |
| Returns | ||||||
| Return on capital | β | β17.8% | β120.3% | β310.4% | β94.0% | β55.3% |
| Return on capital employed | 23.5% | β8.8% | β17.5% | β33.6% | β65.7% | β62.8% |
| Return on equity | 75.6% | β11.1% | β22.8% | β27.7% | β51.7% | β52.7% |
| Return on assets | 26.0% | β8.1% | β17.5% | β18.4% | β33.6% | β40.9% |
| Return on tangible equity | 75.6% | β6.1% | β18.1% | β30.6% | β57.5% | β63.9% |
| Growth | ||||||
| Revenue growth | β | 42.6% | 102.8% | 4.5% | β57.0% | 3.0% |
| Net income growth | β | β186.3% | β | β | β | β |
| EPS growth | β | β165.5% | β | β | β | β |
| Share count change | β | 33.3% | 43.0% | 24.9% | β89.5% | 96.2% |
| Financial health | ||||||
| Debt / equity | β | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| Current ratio | 1.3x | 6.1x | 7.9x | 6.3x | 2.8x | 2.2x |
| Quick ratio | 0.6x | 5.2x | 6.8x | 5.2x | 2.1x | 1.1x |
| Capital allocation | ||||||
| Capex / revenue | 4.7% | 12.3% | 10.5% | 15.4% | 44.1% | 14.6% |
| Stock comp / revenue | β | 2.0% | 4.5% | 5.7% | 8.2% | 2.0% |
| Quality scores | ||||||
| Piotroski F-score | β | 1.0 | 4.0 | 3.0 | 2.0 | 3.0 |
| Altman Z'' | 1.5 | 7.1 | 8.5 | 3.7 | β2.3 | β4.3 |
| Accruals ratio | 17.9% | 7.5% | β3.4% | β0.7% | β12.4% | β8.2% |
Source: SEC EDGAR XBRL filings (CIK 0001855509). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
