Twin Vee PowerCats, Co.

Listed Company

VEEECIK 0001855509NasdaqEmerging GrowthShip & Boat Building & RepairingFY ends Dec 31

Period

FY 2025

Revenue

$14.82M

Net Income

$-8.61M

Total Assets

$16.23M

Equity

$13.47M

Shares Out

529.3K

Op. Cash Flow

$-6.88M

VEEE$38.53−59.70% · past yearDBEQ Basic

Daily closing prices

Business

Twin Vee PowerCats Co. designs and manufactures recreational and commercial power boats under the Twin Vee and Bahama Boat Works brands, featuring catamaran and monohull designs powered by outboard motors. The company offers over 20 models ranging from 22 to 41 feet, targeting saltwater markets. Twin Vee sells through independent boat dealers across North America, Hawaii, and Australia, manufactures all boats at its Fort Pierce, Florida facility, and is developing Wizz Banger, an AI-enabled marine valuation and retail platform.

Summary from 10-K filed 2026-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	15	14	33	32	16
Cost of products sold (excluding depreciation & amortization)	14	15	30	21	9
Gross profit (loss)	1	−751,425	3	11	6
Selling, general and administrative	3	3	4	3	2
Salaries and wages	4	5	7	11	5
Professional fees	867,090	2	1	966,037	380,929
Impairment of property & equipment	418,416	2	—	—	—
Loss on lease termination	57,903	—	—	−60,088	−254,600
Loss on sale of property & equipment	133,015	172,684	—	—	—
Gain on sale of R&D assets	—	−50,097	—	—	—
Depreciation and amortization	2	2	1	553,750	—
Research and development	—	586,379	1	941,533	211,111
Total operating expenses	10	14	15	17	8
Loss from operations	−9	−15	−12	−6	−2
Dividend income	—	510,099	909,215	—	—
Other income	56,612	63,391	9,898	155,137	538
Interest expense	−81,229	−222,594	−221,157	−164,155	−136,709
Interest income	198,643	150,553	48,370	75,401	—
Realized gain on marketable securities	—	40,414	103,941	—	—
Total other income	174,026	541,863	2	228,294	619,712
Loss before income tax	−9	−14	−10	−6	−1
Income tax provision	—	—	—	—	—
Net loss	−9	−14	−10	−6	—
Less: Net loss attributable to noncontrolling interests	—	−3	−3	−656,162	—
Net loss attributed to stockholders of Twin Vee PowerCats Co, Inc.	−9	−11	−7	−5	−1
Basic loss per share of common stock	−4.37	−11.01	−0.76	−0.67	—
Dilutive loss per share of common stock	−4.37	−11.01	−0.76	−0.67	—
Weighted average number of shares of common stock outstanding basic	2	1	10	8	—
Weighted average number of shares of common stock outstanding dilutive	2	1	10	8	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1	7	16	24	7
Restricted cash	215,117	215,117	257,530	—	—
Inventories, net	2	3	5	4	2
Prepaid expenses and other current assets	227,781	196,141	463,222	882,417	903,756
Deferred offering expenses	30,000	—	—	—	105,500
Note receivable, current portion	500,000	—	—	—	—
Total current assets	5	10	27	30	13
Property and equipment, net	8	15	12	6	3
Operating lease right of use asset, net	—	390,686	854,990	1	2
Note receivable less current portion, net of discount	3	—	—	—	—
Security deposit	26,193	40,280	51,417	32,517	—
Total Assets	16	26	40	38	21
Accounts payable	1	2	2	2	1
Accrued liabilities	714,248	794,253	1	1	456,814
Contract liabilities	395,932	80,000	44,195	5,300	14,100
Finance lease liabilities	19,498	221,929	214,715	—	—
Operating lease liabilities	—	436,730	482,897	479,314	368,602
Total current liabilities	2	4	4	4	2
Economic Injury Disaster Loan	499,900	499,900	499,900	499,900	499,900
Finance lease liabilities - noncurrent	22,145	2	3	—	—
Total Liabilities	3	7	8	5	4
Preferred stock: 10,000,000 authorized; $0.001 par value; no shares issued and outstanding	—	—	—	—	—
Common stock: 50,000,000 authorized; $0.001 par value; 2,237,299 and 1,487,445 issued and outstanding at December 31, 2025 and 2024, respectively	2,237	1,487	9,520	9,520	7,000
Additional paid-in capital	47	45	38	36	19
Accumulated deficit	−34	−25	−14	−7	−2
Total stockholders equity	13	19	24	28	17
Total Liabilities and Stockholders Equity	16	26	40	38	21

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock based compensation	303,133	1	2	1	309,832
Depreciation and amortization	2	2	1	553,750	198,523
Loss on lease termination	57,903	—	—	—	—
Loss on sale of property & equipment	133,015	172,684	—	—	—
Gain on sale of R&D assets	—	−50,097	—	—	—
Amortization of right-of-use asset	390,686	464,304	—	—	—
Change in inventory reserve	90,688	−285,584	—	—	—
Accounts receivable	—	80,160	−65,993	−9,030	−5,137
Inventories	−66,669	3	−1	−2	−913,510
Prepaid expenses and other current assets	−31,640	267,081	419,195	21,339	−903,406
Accounts payable	−1	−183,947	333,346	864,819	401,581
Accrued liabilities	−80,005	−281,259	−165,257	783,955	238,878
Operating lease liabilities	−436,730	−482,897	−479,315	−390,050	−354,093
Contract liabilities	315,932	35,805	38,895	−8,800	7,316
Net cash used in operating activities	−7	−7	−7	−4	−2
Security deposit	14,087	11,137	−18,900	−7,517	—
Realized gain on sale of marketable securities, available for sale	—	−40,414	−103,941	—	—
Net sales of investment in marketable securities	—	5	−1	—	—
Proceeds from sale of property & equipment	552,478	6,000	—	175,000	—
Purchase of property and equipment	−2	−6	−5	−3	−2
Net cash used in investing activities	−2	−2	−7	−195,605	−8
Proceeds from issuance of common stock, net of fees of $444,899	3	—	7	6	16
Deferred offering costs	−30,000	—	−66,463	—	—
Finance lease payments	−115,455	−213,744	−90,153	—	—
Net cash provided by (used in) financing activities	2	−213,744	7	21	16
Net change in cash, cash equivalents and restricted cash	−6	−9	−7	17	6
Cash paid for interest	347,749	435,161	235,519	150,399	165,195
Sale of building in exchange for note receivable	4	—	—	—	—
Cash and cash equivalents	1	7	—	—	—
Restricted cash	215,117	215,117	—	—	—
Total cash, cash equivalents and restricted cash	2	8	—	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Frequently asked questions

What is Twin Vee PowerCats, Co.'s CIK number?

Twin Vee PowerCats, Co.'s SEC CIK number is 0001855509 (1855509). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Twin Vee PowerCats, Co.'s SEC filings?

All of Twin Vee PowerCats, Co.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Twin Vee PowerCats, Co. last report earnings?

Twin Vee PowerCats, Co. (VEEE) most recently filed an earnings 8-K with the SEC on Aug 12, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001731122-25-001103). This is Twin Vee PowerCats, Co.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Twin Vee PowerCats, Co.'s most recent earnings 8-K?

Twin Vee PowerCats, Co.'s latest earnings 8-K (Item 2.02) was filed Aug 12, 2025 under accession 0001731122-25-001103. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Twin Vee PowerCats, Co.'s latest earnings 8-K →
Look up any company's CIK number →