Twin Vee Powercats Co. (VEEE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.96M | 3.02M | 3.43M | 4.76M | 3.61M | 1.88M | 2.9M | 4.33M | 5.28M | 8.45M | 8.08M | 8.12M | 8.88M | 8.77M | 8.81M | 8.52M | 5.89M | 5.15M | 4.12M | 3.3M |
| Revenue Growth % | 9.76% | 60.41% | 18.19% | 9.91% | -31.54% | -77.69% | -64.08% | -46.74% | -40.56% | -3.71% | -8.35% | -4.64% | 50.82% | 70.27% | 113.98% | 158.36% | 83.5% | 23.28% | - | - |
| Cost of Goods Sold | 3.77M | 2.91M | 3.47M | 4.1M | 3.08M | 2.97M | 3.05M | 4.12M | 5M | 6.64M | 5.88M | 7.19M | 7.27M | 7.33M | 5.48M | 5.07M | 3.45M | 3.29M | 2.51M | 1.98M |
| COGS % of Revenue | 95.05% | 96.32% | 101.32% | 86.25% | 85.13% | 157.61% | 105.02% | 95.32% | 94.74% | 78.64% | 72.84% | 88.48% | 81.87% | 83.57% | 62.16% | 59.54% | 58.64% | 63.86% | 60.9% | 60.09% |
| Gross Profit | 196.34K | 111.17K | -45.23K | 654.05K | 537.11K | -1.09M | -145.66K | 202.34K | 277.31K | 1.8M | 2.19M | 935.72K | 1.61M | 1.44M | 3.33M | 3.45M | 2.43M | 1.86M | 1.61M | 1.32M |
| Gross Margin % | 4.95% | 3.68% | -1.32% | 13.75% | 14.87% | -57.61% | -5.02% | 4.68% | 5.26% | 21.36% | 27.16% | 11.52% | 18.13% | 16.43% | 37.84% | 40.46% | 41.36% | 36.14% | 39.1% | 39.91% |
| Gross Profit Growth % | -63.45% | 110.24% | 68.95% | 223.24% | 93.69% | -160.18% | -106.64% | -78.38% | -82.77% | 25.14% | -34.21% | -72.86% | -33.88% | -22.59% | 107.08% | 161.92% | 63.61% | -15.75% | - | - |
| Operating Expenses | 2.33M | 2.71M | 2.73M | 2.33M | 2.22M | 3.27M | 2.84M | 4.86M | 2.82M | 5.6M | 4.97M | 3.98M | 3.98M | 5.09M | 4.19M | 3.92M | 3.48M | 3.21M | 1.93M | 1.43M |
| OpEx % of Revenue | 58.83% | 89.51% | 79.66% | 48.99% | 61.35% | 173.82% | 98.01% | 112.36% | 53.46% | 66.28% | 61.57% | 48.99% | 44.82% | 57.99% | 47.56% | 46% | 59.17% | 62.28% | 46.93% | 43.46% |
| Selling, General & Admin | 860.55K | 2.26M | 1.87M | 1.85M | 1.71M | 2.71M | 2.31M | 2.41M | 2.25M | 4.58M | 4.91M | 3.43M | 3.06M | 4.64M | 3.73M | 3.62M | 3.18M | 2.99M | 1.84M | 1.38M |
| SG&A % of Revenue | 21.71% | 74.71% | 54.66% | 38.92% | 47.38% | 143.59% | 79.75% | 55.65% | 42.56% | 54.18% | 60.78% | 42.27% | 34.45% | 52.94% | 42.38% | 42.54% | 54.04% | 58.07% | 44.69% | 41.81% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 2.5K | 89.4K | 344.78K | 149.69K | 513.07K | 63.87K | 261.47K | 702.65K | 261.25K | 283.94K | 174.81K | 221.54K | 150.02K | 61.09K | 0 |
| R&D % of Revenue | - | - | - | - | - | 0.13% | 3.08% | 7.97% | 2.84% | 6.08% | 0.79% | 3.22% | 7.92% | 2.98% | 3.22% | 2.05% | 3.76% | 2.91% | 1.48% | - |
| Other Operating Expenses | 1000K | 447.18K | 857.05K | 478.98K | 504.68K | 567.11K | 440.46K | 1000K | 425.28K | 508.72K | 0 | 284.56K | 218.28K | 181.24K | 172.6K | 119.82K | 80.09K | 66.43K | 31.09K | 54.48K |
| Operating Income | -2.14M | -2.59M | -2.78M | -1.68M | -1.68M | -4.36M | -2.99M | -4.66M | -2.54M | -3.79M | -2.78M | -3.04M | -2.37M | -3.64M | -856.96K | -471.98K | -1.05M | -1.35M | -322.53K | -116.93K |
| Operating Margin % | -53.87% | -85.83% | -80.98% | -35.24% | -46.48% | -231.43% | -103.03% | -107.68% | -48.2% | -44.93% | -34.41% | -37.47% | -26.69% | -41.56% | -9.72% | -5.54% | -17.81% | -26.13% | -7.83% | -3.55% |
| Operating Income Growth % | -27.21% | 40.51% | 7.11% | 64.03% | 33.98% | -14.92% | -7.55% | -53.05% | -7.33% | -4.1% | -224.34% | -544.99% | -126.07% | -170.77% | -165.7% | -303.63% | -777.27% | -262.14% | - | - |
| EBITDA | -1.53M | -2.05M | -2.36M | -1.06M | -1.24M | -3.92M | -2.55M | -3.98M | -2.12M | -3.29M | -2.44M | -2.76M | -2.15M | -3.46M | -684.36K | -352.16K | -968.06K | -1.28M | -291.44K | -62.46K |
| EBITDA Margin % | -38.71% | -67.8% | -68.73% | -22.19% | -34.26% | -207.84% | -87.85% | -92.1% | -40.14% | -38.9% | -30.18% | -33.97% | -24.23% | -39.49% | -7.77% | -4.13% | -16.45% | -24.84% | -7.08% | -1.89% |
| EBITDA Growth % | -24.02% | 47.67% | 7.53% | 73.52% | 41.57% | -19.19% | -4.56% | -44.4% | 1.55% | 5.14% | -256.19% | -683.63% | -122.22% | -170.66% | -134.82% | -463.84% | -580.94% | -206.89% | - | - |
| D&A (Non-Cash Add-back) | 601.22K | 545K | 419.82K | 620.7K | 441.67K | 444.52K | 440.46K | 674.13K | 425.28K | 508.72K | 341.83K | 284.56K | 218.28K | 181.24K | 172.6K | 119.82K | 80.09K | 66.43K | 31.09K | 54.48K |
| EBIT | -2.14M | -2.57M | -2.74M | -1.63M | -1.57M | -4.1M | -2.95M | -4.46M | -2.27M | -3.5M | -2.44M | -1.83M | -1.78M | -3.15M | -834.23K | -495.07K | -1.15M | -759.29K | -332.96K | 68.29K |
| Net Interest Income | 41.66K | 57.57K | 20.29K | 20.13K | 19.43K | -416 | 42.38K | -49.64K | -64.37K | -122.34K | 32.65K | -53.58K | -29.51K | -16.2K | -21.92K | -10.81K | -39.82K | -51.24K | -50.31K | -17.44K |
| Interest Income | 52.6K | 70.46K | 32.87K | 39.68K | 55.63K | 43.26K | 99.42K | 5.3K | 2.58K | -14.71K | 32.65K | 16.54K | 22.43K | 11.52K | 30.96K | 32.9K | 24 | 0 | 0 | 0 |
| Interest Expense | 10.94K | 12.89K | 12.58K | 19.56K | 36.2K | 43.67K | 57.03K | 54.94K | 66.95K | 107.63K | 0 | 70.13K | 51.94K | 27.72K | 52.88K | 43.72K | 39.84K | 51.24K | 50.31K | 17.44K |
| Other Income/Expense | 41.66K | 6.58K | 21.18K | 21.73K | 68.85K | 214.65K | -20.68K | 139.88K | 208.01K | 188.15K | 335.41K | 1.14M | 541.06K | 468.41K | -30.15K | -66.8K | -143.16K | 535.48K | -60.74K | 167.78K |
| Pretax Income | -2.09M | -2.59M | -2.76M | -1.65M | -1.61M | -4.15M | -3.01M | -4.52M | -2.34M | -3.61M | -2.44M | -1.9M | -1.83M | -3.18M | -887.11K | -538.78K | -1.19M | -810.53K | -383.28K | 50.85K |
| Pretax Margin % | -52.82% | -85.61% | -80.36% | -34.78% | -44.58% | -220.04% | -103.74% | -104.45% | -44.26% | -42.7% | -30.26% | -23.43% | -20.6% | -36.22% | -10.07% | -6.32% | -20.24% | -15.74% | -9.31% | 1.54% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -2.09M | -2.59M | -2.76M | -1.65M | -1.61M | -3.9M | -2.51M | -2.95M | -1.69M | -2.83M | -1.86M | -1.33M | -1.17M | -2.71M | -700.03K | -538.78K | -1.19M | -810.53K | -383.28K | 50.85K |
| Net Margin % | -52.82% | -85.61% | -80.36% | -34.78% | -44.58% | -207.1% | -86.59% | -68.08% | -31.96% | -33.5% | -23.05% | -16.43% | -13.14% | -30.87% | -7.94% | -6.32% | -20.24% | -15.74% | -9.31% | 1.54% |
| Net Income Growth % | -30.06% | 33.69% | -9.69% | 43.85% | 4.51% | -37.92% | -34.94% | -120.71% | -44.52% | -4.5% | -165.95% | -147.71% | 2.06% | -233.99% | -82.64% | -1159.53% | -1002.86% | -161.57% | - | - |
| Net Income (Continuing) | -2.09M | -2.59M | -2.76M | -1.65M | -1.61M | -4.15M | -3.01M | -4.52M | -2.34M | -3.61M | -2.44M | -1.9M | -1.83M | -3.18M | -887.11K | -538.78K | -1.19M | -810.53K | -383.28K | 50.85K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 5.82M | 6.32M | 7.89M | 8.54M | 9.34M | 9.92M | 3.92M | 4.59M | 5.05M | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -12.93 | -42.92 | -45.51 | -32.19 | -10.36 | -25.16 | -9.62 | -11.47 | -6.66 | -11.10 | -7.40 | -7.40 | -2.57 | -12.95 | -4.81 | -2.85 | -7.03 | -4.81 | -2.26 | 0.28 |
| EPS Growth % | -24.81% | -70.59% | -373.08% | -180.65% | -55.56% | -126.67% | -30% | -55% | -158.99% | 14.29% | -53.85% | -159.74% | 63.42% | -169.23% | -113.11% | -1126.67% | -1079.38% | -146.43% | - | - |
| EPS (Basic) | -12.93 | -42.92 | -45.51 | -32.19 | -10.36 | -25.16 | -9.62 | -11.47 | -6.66 | -11.10 | -7.40 | -7.40 | -2.57 | -12.95 | -4.81 | -2.85 | -7.03 | -4.81 | -2.26 | 0.28 |
| Diluted Shares Outstanding | 161.93K | 60.47K | 60.47K | 51.34K | 154.32K | 154.32K | 257.3K | 257.3K | 257.3K | 257.3K | 257.3K | 257.3K | 257.3K | 223.88K | 189.55K | 189.19K | 189.19K | 169.8K | 169.8K | 183.78K |
| Basic Shares Outstanding | 161.93K | 60.47K | 60.47K | 51.34K | 154.32K | 154.32K | 257.3K | 257.3K | 257.3K | 257.3K | 257.3K | 257.3K | 257.3K | 223.88K | 189.55K | 189.19K | 189.19K | 169.8K | 169.8K | 183.78K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |