Twin Vee Powercats, Co. income statement

In fiscal 2025, Twin Vee Powercats, Co. reported revenue of $14.8m, up 3.0% on the year before, operating income of −$8.8m (a -59.3% margin) and net income of −$8.6m, or −$4.37 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Twin Vee Powercats, Co.: income statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	11	16	32	33	14	15	14
Cost of revenue	6	9	21	30	15	14	13
Gross profit	5	6	11	3	−1	1	0
Research and development	0	0	1	1	1	—	—
Selling, general and administrative	1	2	3	4	3	3	3
Operating income	1	−2	−6	−12	−15	−9	−11
Net interest income	−0	−0	−0	−0	−0	−0	—
Income tax	0	0	—	—	—	—	—
Net income	1	−1	−5	−7	−11	−9	−10
Diluted EPS	$1.45	−$0.95	−$3.35	−$0.38	−$5.50	−$4.37	—
Diluted shares (average)	—	1m	2m	2m	2m	2m	—
EBITDA	1	−1	−5	−11	−13	−7	−9

US$ thousands unless shown otherwise. Fiscal quarters.

Twin Vee Powercats, Co.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	2,901	1,884	3,612	4,756	3,429	3,022	3,965	3,128
Cost of revenue	3,047	2,969	3,075	4,102	3,474	2,911	3,768	3,311
Gross profit	−146	−1,085	537	654	−45	111	196	−183
Research and development	89	3	—	—	—	—	—	—
Selling, general and administrative	765	881	599	605	651	648	861	600
Operating income	−3,112	−4,238	−1,679	−1,676	−2,777	−2,650	−2,136	−3,022
Interest expense	57	—	36	20	13	—	11	9
Income tax	0	—	—	—	—	—	—	—
Net income	−3,010	−3,902	−1,610	−1,654	−2,756	−2,587	−2,094	−2,898
Diluted EPS	−$2.64	−$3.51	−$40.05	−$32.22	−$45.51	−$1.16	−$12.93	−$5.07
EBITDA	−2,671	−3,793	−1,237	−1,250	−2,357	−2,203	−1,669	−2,562

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Twin Vee Powercats, Co.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Twin Vee Powercats, Co.