Twin Vee PowerCats Co (NASDAQ: VEEE) is a recreational and commercial powerboat manufacturer that designs and builds catamaran and V-hull vessels under two brands. Revenue comes almost entirely from boat sales transacted through a network of independent dealers who resell to end customers. The company markets boats under the Twin Vee brand for dual-hull catamarans and the Bahama Boat Works brand for V-hull designs, with all current models outfitted with gas-powered outboard combustion engines. As of the 10-K filed February 27, 2026, Twin Vee sold through 17 independent boat dealers across North America, Hawaii, and Australia. A former minority-owned electric boat subsidiary, Forza X1, Inc., ceased production during 2024 and was merged into a wholly-owned subsidiary of Twin Vee on November 26, 2024. Boat sales accounted for nearly 100% of net revenue as reported in the filing.

Revenue model

Transactional boat sales through a network of 17 independent dealers across North America, Hawaii, and Australia, who resell to end consumers and commercial operators. Boat sales represented nearly 100% of net revenue (10-K, filed 2026-02-27).

Products and services

Catamaran powerboats sold under the Twin Vee brand; V-hull boats sold under the Bahama Boat Works brand. All current models use gas-powered outboard combustion engines. Electric boat production under the Forza X1 brand was discontinued in 2024.

Customers and end markets

End customers include recreational boaters (fishing, diving, water skiing) and commercial operators (transportation, eco tours, fishing and diving expeditions). Direct sales channel consists of 17 independent boat dealers as of the filing date.

Value-chain role

Manufacturer and brand owner. Sells finished boats to independent dealers who handle retail distribution to end users.

Geographic exposure

North America, Hawaii, and Australia, as of the 10-K filed 2026-02-27.

Source: SEC 10-K, filed 2026-02-27

Industry: Ship & Boat Building & Repairing Peers: American Outdoor Brands Inc Brownie's Marine Group Inc BOWFLEX INC. Escalade Inc Forza X1, Inc. Hasbro Inc JAKKS Pacific Inc