Forensic Analysis · Industrials / Manufacturing / Defense · as of Aug 30, 2026
Twin Vee Powercats, Co. (VEEE)
A forensic read on Twin Vee Powercats, Co. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-4.3
Distress distance
Watch
Earnings quality
4
Forensic signals
-63.9%
ROE
3.0%
Revenue growth
The financial-health reading above compares this company's equity at BOOK value, not at what the market currently pays for it — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Twin Vee Powercats, Co. earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads -4.3, placing it in the Distress zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-55.2%
FY2025
Return on invested capital.Return on invested capital is -55.2% in the latest fiscal year and slipping from -43% — well below its ~9% cost of capital, and it has been across FY2021–FY2025, so reinvested dollars have not been earning their keep.
38d DSO
FY2024→FY2025
Receivables vs revenue.Days sales outstanding moved from 2 to 38 days FY2024→FY2025 (receivables +3603% vs revenue +3%). Across FY2022–FY2025 the day count ran 0 → 1 → 2 → 38 days, so the latest reading sits on top of a record that was flat or falling before it — one year's move, not a direction the business has been travelling in. Deferred revenue grew +395% over the same period, which accounts for part of the balance but not for a day count that widened against the same quarters a year earlier. Measured against the same quarter twelve months earlier — like-for-like on the calendar, so an ordinary seasonal build cannot produce it — receivables took longer to collect in 4 consecutive quarters (Sep 2025 +4, Dec 2025 +90, Mar 2026 +8, Jun 2026 +7 days).
n/m (stock split)
FY2022–FY2025
Share count (stock split).Diluted share count changed -74% over the last 3 years to FY2025, but that includes a large one-time change around FY2024 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw -36.3%/yr figure isn't a real buyback/dilution read here.
2% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 2% of revenue in FY2025 — about $0.15 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 33.9% a year, and the rate is falling. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$14.8M
Revenue Growth YoY+3.0%
Net Margin-58.1%
Free Cash Flow-$9.0M
Return on Equity-63.9%
Debt / Equity0.04x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Twin Vee Powercats, Co.'s actual 10-K/10-Q/8-K filings?