Security
Twin Vee PowerCats Co. Common Stock · VEEE
VEEENASDAQCommon stockCurrentCIK 1855509Updated Oct 9, 2026
VEEE price & chart
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NASDAQ:VEEE on TradingView ↗About the company
Twin Vee PowerCats Co. (“Twin Vee” “we”, “us” or the “Company”) is a designer, manufacturer and marketer of recreational and commercial power boats. We believe our company, founded in 1996, has been an innovator in the recreational and commercial power catamaran industry. Our twin-hull catamaran running surface, known as a symmetrical catamaran hull design, adds to the Twin Vee ride quality by reducing drag, increasing fuel efficiency and offering users a stable riding boat. Twin Vee’s home base of operations in Fort Pierce, Florida is a 7.5-acre facility with several buildings totaling approximately 100,000 square feet, including a nearly complete 30,000 square foot expansion which began in mid-2024. We currently employ approximately 70 people.
In the news
These Small Caps are Turning Up the Heat ↗
Seeking Alpha
Short Interest: Most and least shorted micro and small-cap consumer discretionary stocks ↗
Twin Vee to merge with Greenland-focused miner USFM ↗
Twin Vee PowerCats to implement 1-for-37 reverse stock split ↗
SEC disclosures
Twin Vee PowerCats, Co. files 8-K: Material Event ↗
Recent filings
425 filing
Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 1.01, 5.02, 7.01, 9.01
Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Submission of Matters to a Vote of Security Holders
Items 3.03, 5.03, 5.07, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
DEF 14A filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 18,894,710Source | 30,140,476Source | 20,651,788Source | 22,357,946Source | 33,753,304Source | 23,217,086Source | 23,550,268Source | 36,454,352Source | 16,234,369Source | 25,887,905Source | 39,846,713Source | 38,231,480Source |
| Property, Plant and Equipment, NetUSD | 8,716,923Source | 14,217,041Source | 6,952,481Source | 8,743,265Source | 13,506,672Source | 7,984,461Source | 11,030,080Source | 13,891,330Source | 8,342,961Source | 15,037,798Source | 12,293,988Source | 5,535,902Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | 11,144,929Source | — | — | 13,927,460Source | — | — | 16,137,920Source | 1,431,578Source | 7,491,123Source | 16,497,703Source | 23,501,007Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 312,993Source | 129,544Source | 243,147Source | 0Source | 115,793Source | 583,292Source | 198,829Source | 90,871Source | — | — | 80,160Source | 14,167Source |
| Inventory, NetUSD | 2,462,141Source | 3,343,468Source | 3,168,767Source | 2,681,000Source | 4,147,507Source | 2,554,853Source | 2,375,187Source | 3,889,982Source | 2,492,741Source | 2,516,760Source | 4,884,761Source | 4,008,332Source |
| Assets, CurrentUSD | 10,053,775Source | 15,378,981Source | 8,576,146Source | 13,392,948Source | 19,582,107Source | 9,597,334Source | 12,200,833Source | 21,778,752Source | 4,897,217Source | 10,419,141Source | 26,646,318Source | 29,887,529Source |
| Prepaid Expense and Other Assets, CurrentUSD | 251,242Source | 548,077Source | 263,080Source | 200,640Source | 185,263Source | 287,433Source | 194,537Source | 417,268Source | 227,781Source | 196,141Source | 463,222Source | 882,417Source |
| Operating Lease, Right-of-Use AssetUSD | 97,819Source | 495,744Source | 2,519,284Source | 195,540Source | 615,815Source | 2,641,100Source | 293,162Source | 735,562Source | — | 390,686Source | 854,990Source | 1,329,620Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 2,963,090Source | 6,932,265Source | 6,246,232Source | 3,734,710Source | 7,814,052Source | 5,968,603Source | 5,887,690Source | 6,313,649Source | 2,766,558Source | 6,671,055Source | 7,797,098Source | 5,210,591Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 2,237Source | 9,520Source | 571Source | 2,237Source | 9,520Source | 529Source | 1,487Source | 9,520Source | 2,237Source | 14,874Source | 9,520Source | 9,520Source |
| Additional Paid in CapitalUSD | 47,342,162Source | 38,871,551Source | 53,397,503Source | 47,278,265Source | 38,592,684Source | 53,342,460Source | 44,664,286Source | 38,274,940Source | 47,465,802Source | 44,594,930Source | 37,848,657Source | 35,581,022Source |
| Retained Earnings (Accumulated Deficit)USD | -31,412,779Source | -21,491,078Source | -38,992,518Source | -28,657,266Source | -18,978,912Source | -36,094,506Source | -27,003,195Source | -16,033,211Source | -34,000,228Source | -25,392,955Source | -14,346,984Source | -7,154,808Source |
| Stockholders' Equity Attributable to ParentUSD | 15,931,620Source | 17,389,993Source | 14,405,556Source | 18,623,235Source | 19,623,292Source | 17,248,483Source | 17,662,578Source | 22,251,248Source | 13,467,811Source | 19,216,849Source | 23,511,193Source | 28,435,734Source |
| Liabilities and EquityUSD | 18,894,710Source | 30,140,476Source | 20,651,788Source | 22,357,946Source | 33,753,304Source | 23,217,086Source | 23,550,268Source | 36,454,352Source | 16,234,369Source | 25,887,905Source | 39,846,713Source | 38,231,480Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 2,436,828Source | 3,843,294Source | 3,633,980Source | 3,203,858Source | 4,560,560Source | 3,232,034Source | 3,021,247Source | 2,896,963Source | 2,244,513Source | 3,747,990Source | 4,216,345Source | 3,791,063Source |
| Operating Lease, Liability, CurrentUSD | 109,329Source | 431,132Source | 453,498Source | 218,560Source | 448,611Source | 438,821Source | 327,693Source | 465,864Source | — | 436,730Source | 482,897Source | 479,314Source |
| Accounts Payable, CurrentUSD | 1,410,071Source | 1,957,902Source | 1,225,431Source | 2,025,155Source | 2,779,814Source | 1,507,282Source | 1,505,559Source | 1,494,271Source | 1,114,835Source | 2,215,078Source | 2,399,026Source | 2,065,680Source |
| Operating Lease, Liability, NoncurrentUSD | — | 109,329Source | 2,098,848Source | — | 218,560Source | 2,218,810Source | — | 327,694Source | — | — | 436,730Source | 919,628Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | 5,818,218Source | — | — | 6,315,960Source | — | — | 7,889,455Source | — | — | 8,538,422Source | 4,585,155Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 599,044Source | 1,195,982Source | 1,411,806Source | 926,605Source | 1,107,611Source | 1,056,649Source | 951,750Source | 697,797Source | 714,248Source | 794,253Source | 1,075,512Source | 1,240,769Source |
| Long-term DebtUSD | 499,900Source | 499,900Source | 499,900Source | 499,900Source | 499,900Source | 499,900Source | 499,900Source | 499,900Source | 499,900Source | 499,900Source | 499,900Source | 499,900Source |
| Preferred Stock, Value, Issued | — | — | — | — | — | — | — | —Source | — | — | — | — |
| Cash, Cash Equivalents, and Short-term Investments | —Source | — | —Source | —Source | — | —Source | —Source | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -2,755,513Source | -3,009,907Source | -2,898,012Source | -1,654,071Source | -2,094,278Source | -1,610,240Source | -8,607,273Source | -14,009,906Source | -9,782,196Source | -5,793,414Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 419,825Source | 440,458Source | 459,085Source | 425,551Source | 467,161Source | 441,672Source | 1,734,230Source | 1,745,217Source | 1,353,383Source | 553,750Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 74,925Source | 55,968Source | 303,133Source | 1,177,140Source | 1,902,749Source | 1,448,751Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 583,292Source | 198,829Source | — | -80,160Source | 65,993Source | 9,030Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | 235,521Source | -114,929Source | 66,669Source | -2,703,682Source | 1,296,045Source | 2,208,563Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | 392,447Source | -709,519Source | -1,100,243Source | -183,947Source | 333,346Source | 864,819Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -1,661,001Source | -1,736,276Source | -6,878,557Source | -6,973,617Source | -6,934,773Source | -4,146,030Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -108,661Source | -789,774Source | -1,590,634Source | -1,861,632Source | -6,629,021Source | -195,605Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 108,661Source | 828,861Source | 2,157,199Source | 6,341,711Source | 5,162,478Source | 3,365,679Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 5,794,723Source | -54,806Source | 2,409,646Source | -213,744Source | 6,818,020Source | 20,867,340Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | 11,357,892Source | — | — | — | — | 1,646,695Source | 7,706,240Source | 16,755,233Source | 23,501,007Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 88,334Source | 76,426Source | 347,749Source | 435,161Source | 235,519Source | 150,399Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | 39,348Source | 59,628Source | 47,198Source | — | 102,246Source | 0Source | — | 990,406Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | — | -172,684Source | — | — | — | — | -57,903Source | -172,684Source | — | -60,088Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | — | — | -133,015Source | 50,097Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | — | — | -133,015Source | — | — | -60,088Source |
| Gain (Loss) on Termination of LeaseUSD | — | — | -4,478Source | — | — | -53,425Source | — | — | -57,903Source | — | — | — |
| Inventory Write-downUSD | — | — | — | — | — | — | 398,129Source | 160,676Source | 224,720Source | — | — | — |
| Marketable Securities, Unrealized Gain (Loss)USD | — | — | — | 8,148Source | — | — | — | — | — | — | 87,781Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -2,755,513Source | -3,009,907Source | — | — | -2,094,278Source | -1,610,240Source | -8,607,273Source | -11,045,971Source | -7,192,176Source | -5,793,414Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | -497,742Source | — | — | — | — | — | -2,963,935Source | -2,590,020Source | 656,162Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -2,755,513Source | -2,512,165Source | — | -1,654,071Source | — | — | — | — | — | -5,137,252Source |
| Nonoperating Income (Expense)USD | — | — | 21,182Source | 101,910Source | 123,525Source | 21,735Source | 41,656Source | 68,854Source | 174,026Source | 541,863Source | 2,205,103Source | 228,294Source |
| Operating ExpensesUSD | — | — | 2,731,466Source | 2,966,160Source | 2,838,869Source | 2,329,859Source | 2,332,271Source | 2,216,208Source | 10,038,404Source | 13,800,344Source | 21,710,326Source | 16,678,514Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | 0Source | 7,500Source | 20,000Source | 2,200Source |
| Other Nonoperating Income (Expense)USD | — | — | — | -20,677Source | — | — | — | — | — | — | 2,205,103Source | 228,294Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 5,800,025Source | — | 2,555,101Source | — | — | 6,001,836Source |
| Cash, Cash Equivalents, and Short-term Investments | — | — | —Source | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Depreciation, Depletion and Amortization, Nonproduction | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
| Gain (Loss) on Disposition of Assets for Financial Service Operations | — | — | — | —Source | — | — | — | — | — | — | — | — |
| Income Tax Expense (Benefit) | — | — | — | —Source | — | — | — | — | — | — | — | — |
| InterestExpenseNonoperating | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 3,428,977Source | 2,901,318Source | 3,128,374Source | 4,755,618Source | 3,964,706Source | 3,612,291Source | 14,819,130Source | 14,388,517Source | 33,425,912Source | 31,987,724Source |
| Cost of Goods and Services Sold | — | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Selling, General and Administrative ExpenseUSD | — | — | 650,728Source | 764,757Source | 600,106Source | 605,273Source | 860,551Source | 598,552Source | 2,502,402Source | 3,095,868Source | 3,734,406Source | 2,759,625Source |
| Operating Income (Loss)USD | — | — | -2,776,695Source | -3,111,817Source | -3,021,537Source | -1,675,806Source | -2,135,934Source | -1,679,094Source | -8,781,299Source | -14,551,769Source | -11,987,299Source | -6,021,708Source |
| Other Nonoperating Income (Expense)USD | — | — | — | -20,677Source | — | — | — | — | — | — | 2,205,103Source | 228,294Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | -497,742Source | — | — | — | — | — | -2,963,935Source | -2,590,020Source | 656,162Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -2,755,513Source | -3,009,907Source | — | — | -2,094,278Source | -1,610,240Source | -8,607,273Source | -11,045,971Source | -7,192,176Source | -5,793,414Source |
| Earnings Per Share, BasicUSD per share | — | — | -1.23Source | -2.64Source | -5.07Source | -32.22Source | -12.93Source | -40.05Source | -4.37Source | -1.1Source | -0.76Source | -0.76Source |
| Earnings Per Share, DilutedUSD per share | — | — | -1.23Source | -2.64Source | -5.07Source | -32.22Source | -12.93Source | -40.05Source | -4.37Source | -1.1Source | -0.76Source | -0.76Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 2,237,299Source | 952,000Source | 571,161Source | 51,339Source | 161,925Source | 40,201Source | 1,968,121Source | 10,032,040Source | 9,520,000Source | 7,624,938Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 2,237,299Source | 952,000Source | 571,161Source | 51,339Source | 161,925Source | 40,201Source | 1,968,121Source | 10,032,040Source | 9,520,000Source | 7,624,938Source |
| Additional Financial Items | ||||||||||||
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | — | — | 467,161Source | 441,672Source | 1,734,230Source | 1,745,217Source | 1,353,383Source | 553,750Source |
| Gross ProfitUSD | — | — | -45,229Source | -145,657Source | -182,668Source | 654,053Source | 196,337Source | 537,114Source | 1,257,105Source | -751,425Source | 9,723,027Source | 10,656,806Source |
| Interest and Other IncomeUSD | — | — | 32,870Source | 99,418Source | 132,460Source | 39,682Source | 52,596Source | 55,633Source | 198,643Source | 150,553Source | 48,370Source | 75,401Source |
| Interest Income (Expense), NetUSD | — | — | — | — | — | — | — | — | -81,229Source | -222,594Source | -221,157Source | -164,155Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -2,755,513Source | -2,512,165Source | — | -1,654,071Source | — | — | — | — | — | -5,137,252Source |
| Nonoperating Income (Expense)USD | — | — | 21,182Source | 101,910Source | 123,525Source | 21,735Source | 41,656Source | 68,854Source | 174,026Source | 541,863Source | 2,205,103Source | 228,294Source |
| Operating ExpensesUSD | — | — | 2,731,466Source | 2,966,160Source | 2,838,869Source | 2,329,859Source | 2,332,271Source | 2,216,208Source | 10,038,404Source | 13,800,344Source | 21,710,326Source | 16,678,514Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | 0Source | 7,500Source | 20,000Source | 2,200Source |
| Other IncomeUSD | — | — | 893Source | 480Source | — | 1,609Source | — | 49,424Source | 56,612Source | 63,391Source | 9,898Source | 155,137Source |
| Research and Development ExpenseUSD | — | — | — | 89,403Source | — | — | — | — | — | 586,379Source | 1,443,569Source | 941,533Source |
| Income Tax Expense (Benefit) | — | — | — | —Source | — | — | — | — | — | — | — | — |
| Interest Expense (non-operating) | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
Offerings
Registration 333-293911
Registration 333-292661
- Gross proceeds
- 3000010.0
- Net proceeds
- 2790009.0
- Deal price
- 0.47
- Shares
- 6383000
- Offering price
- $0.47
- Ticker
- VEEE
Filing attachments
e8000_ex99-1.htm · 425 · 2026-10-08
EXHIBIT 99.1 USFM and Twin Vee Amend Merger Agreement GOLDEN, CO and FORT PIERCE, FL / ACCESSWIRE / October 8, 2026 - USFM Corporation (“USFM”), a privately held, U.S.-based mineral exploration company advancing critical mineral opportunities in Greenland, and Twin Vee PowerCats Co. (Nasdaq: VEEE) (“Twin Vee”), a manufacturer, distributor and marketer of power sport boats, announced today that they have amended their definitive merger agreement for USFM’s pending business combination with Twin…
Read attachment ↗e7999_ex99-1.htm · 8-K · 2026-10-08
EXHIBIT 99.1 USFM and Twin Vee Amend Merger Agreement GOLDEN, CO and FORT PIERCE, FL / ACCESSWIRE / October 8, 2026 - USFM Corporation (“USFM”), a privately held, U.S.-based mineral exploration company advancing critical mineral opportunities in Greenland, and Twin Vee PowerCats Co. (Nasdaq: VEEE) (“Twin Vee”), a manufacturer, distributor and marketer of power sport boats, announced today that they have amended their definitive merger agreement for USFM’s pending business combination with Twin…
Read attachment ↗e7782_ex99-1.htm · 425 · 2026-07-15
EXHIBIT 99.1 Execution Copy COMPANY SUPPORT AGREEMENT This COMPANY SUPPORT AGREEMENT, dated as of July 12, 2026 (this “Agreement”), is entered into by and among USFM Corporation, a Colorado corporation (“Acquiror”), and the stockholders of Twin Vee PowerCats Co., a Nevada corporation (the “Company”), set forth on the signature page hereto (the “Supporting Holders” and each a “Supporting Holder”). Capitalized terms used but not otherwise defined in this Agreement shall have the respective mean…
Read attachment ↗e7782_ex99-2.htm · 425 · 2026-07-15
EXHIBIT 99.2 Twin Vee PowerCats Co. Announces Strategic Merger and Concurrent Privatization of its Recreational Marine Business FORT PIERCE, FL / ACCESSWIRE / July 13, 2026 - Twin Vee PowerCats Co. (Nasdaq: VEEE) (“Twin Vee” or the “Company”), a manufacturer, distributor and marketer of power sport boats, today announced that it has entered into a definitive agreement for a transformative transaction that will combine a merger involving the publicly traded company with the concurrent privatiza…
Read attachment ↗e7774_ex99-1.htm · 8-K · 2026-07-13
EX-99.1 4 e7774_ex99-1.htm EXHIBIT 99.1 EXHIBIT 99.1 Execution Copy COMPANY SUPPORT AGREEMENT This COMPANY SUPPORT AGREEMENT, dated as of July 12, 2026 (this “Agreement”), is entered into by and among USFM Corporation, a Colorado corporation (“Acquiror”), and the stockholders of Twin Vee PowerCats Co., a Nevada corporation (the “Company”), set forth on the signature page hereto (the “Supporting Holders” and each a “Supporting Holder”). Capitalized terms used but not otherwise defined in t…
Read attachment ↗e7774_ex99-2.htm · 8-K · 2026-07-13
EX-99.2 5 e7774_ex99-2.htm EXHIBIT 99.2 EXHIBIT 99.2 Twin Vee PowerCats Co. Announces Strategic Merger and Concurrent Privatization of its Recreational Marine Business FORT PIERCE, FL / ACCESSWIRE / July 13, 2026 - Twin Vee PowerCats Co. (Nasdaq: VEEE) (“Twin Vee” or the “Company”), a manufacturer, distributor and marketer of power sport boats, today announced that it has entered into a definitive agreement for a transformative transaction that will combine a merger involving the publicly …
Read attachment ↗