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Side-by-side financial comparison of Twin Vee PowerCats, Co. (VEEE) and Expion360 Inc. (XPON). Click either name above to swap in a different company.

Twin Vee PowerCats, Co. is the larger business by last-quarter revenue ($3.0M vs $2.2M, roughly 1.4× Expion360 Inc.). Twin Vee PowerCats, Co. runs the higher net margin — -85.6% vs -199.9%, a 114.3% gap on every dollar of revenue. On growth, Twin Vee PowerCats, Co. posted the faster year-over-year revenue change (60.4% vs 11.8%). Over the past eight quarters, Expion360 Inc.'s revenue compounded faster (51.1% CAGR vs -24.3%).

Twin Vee PowerCats Co. is a leading manufacturer of high-performance recreational power catamaran boats. The company offers a diverse lineup of catamaran models suited for leisure cruising, fishing, water sports, and commercial marine use, serving customers primarily across North America, with a growing distribution network in global coastal markets.

Expion360 Inc. is a provider of high-performance lithium iron phosphate (LFP) battery solutions and supporting energy storage products. Its core customer segments cover recreational vehicle owners, marine users, off-grid lifestyle enthusiasts and residential users across the U.S. market, delivering safe, durable and low-carbon energy storage options.

VEEE vs XPON — Head-to-Head

Bigger by revenue
VEEE
VEEE
1.4× larger
VEEE
$3.0M
$2.2M
XPON
Growing faster (revenue YoY)
VEEE
VEEE
+48.6% gap
VEEE
60.4%
11.8%
XPON
Higher net margin
VEEE
VEEE
114.3% more per $
VEEE
-85.6%
-199.9%
XPON
Faster 2-yr revenue CAGR
XPON
XPON
Annualised
XPON
51.1%
-24.3%
VEEE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
VEEE
VEEE
XPON
XPON
Revenue
$3.0M
$2.2M
Net Profit
$-2.6M
$-4.4M
Gross Margin
3.7%
-14.8%
Operating Margin
-87.7%
-234.4%
Net Margin
-85.6%
-199.9%
Revenue YoY
60.4%
11.8%
Net Profit YoY
-119.0%
-1663.2%
EPS (diluted)
$-1.19
$-0.45

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
VEEE
VEEE
XPON
XPON
Q4 25
$3.0M
$2.2M
Q3 25
$3.4M
$2.4M
Q2 25
$4.8M
$3.0M
Q1 25
$3.6M
$2.0M
Q4 24
$1.9M
$2.0M
Q3 24
$2.9M
$1.4M
Q2 24
$4.3M
$1.3M
Q1 24
$5.3M
$971.9K
Net Profit
VEEE
VEEE
XPON
XPON
Q4 25
$-2.6M
$-4.4M
Q3 25
$-2.8M
$722.8K
Q2 25
$-1.7M
$-1.4M
Q1 25
$-1.6M
$-1.2M
Q4 24
$-1.2M
$-251.6K
Q3 24
$-3.0M
$-8.8M
Q2 24
$-4.5M
$-2.2M
Q1 24
$-2.3M
$-2.2M
Gross Margin
VEEE
VEEE
XPON
XPON
Q4 25
3.7%
-14.8%
Q3 25
-1.3%
22.7%
Q2 25
13.8%
20.8%
Q1 25
14.9%
24.5%
Q4 24
-57.6%
22.1%
Q3 24
-5.0%
12.1%
Q2 24
4.7%
25.5%
Q1 24
5.3%
22.9%
Operating Margin
VEEE
VEEE
XPON
XPON
Q4 25
-87.7%
-234.4%
Q3 25
-81.0%
-125.4%
Q2 25
-35.2%
-45.2%
Q1 25
-46.5%
-56.0%
Q4 24
-224.9%
-59.5%
Q3 24
-107.3%
-138.7%
Q2 24
-107.7%
-131.4%
Q1 24
-48.2%
-202.4%
Net Margin
VEEE
VEEE
XPON
XPON
Q4 25
-85.6%
-199.9%
Q3 25
-80.4%
30.2%
Q2 25
-34.8%
-45.8%
Q1 25
-44.6%
-56.2%
Q4 24
-62.7%
-12.7%
Q3 24
-103.7%
-634.4%
Q2 24
-104.4%
-173.7%
Q1 24
-44.3%
-225.6%
EPS (diluted)
VEEE
VEEE
XPON
XPON
Q4 25
$-1.19
$-0.45
Q3 25
$-1.23
$0.10
Q2 25
$-0.87
$-0.41
Q1 25
$-1.08
$-0.37
Q4 24
$-3.51
$65.02
Q3 24
$-2.64
$-24.55
Q2 24
$-3.09
$-30.20
Q1 24
$-1.77
$-31.30

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
VEEE
VEEE
XPON
XPON
Cash + ST InvestmentsLiquidity on hand
$1.4M
$3.0M
Total DebtLower is stronger
$499.9K
$197.2K
Stockholders' EquityBook value
$13.5M
$6.5M
Total Assets
$16.2M
$8.1M
Debt / EquityLower = less leverage
0.04×
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VEEE
VEEE
XPON
XPON
Q4 25
$1.4M
$3.0M
Q3 25
$2.7M
$4.3M
Q2 25
$6.0M
$684.9K
Q1 25
$4.9M
$1.1M
Q4 24
$7.5M
$547.6K
Q3 24
$11.1M
$3.3M
Q2 24
$14.9M
$902.3K
Q1 24
$17.1M
$2.3M
Total Debt
VEEE
VEEE
XPON
XPON
Q4 25
$499.9K
$197.2K
Q3 25
$499.9K
$205.6K
Q2 25
$499.9K
$213.6K
Q1 25
$499.9K
$221.8K
Q4 24
$499.9K
$230.2K
Q3 24
$499.9K
$239.9K
Q2 24
$499.9K
$247.7K
Q1 24
$499.9K
$255.4K
Stockholders' Equity
VEEE
VEEE
XPON
XPON
Q4 25
$13.5M
$6.5M
Q3 25
$15.9M
$9.0M
Q2 25
$18.6M
$2.1M
Q1 25
$17.7M
$3.2M
Q4 24
$19.2M
$2.5M
Q3 24
$17.4M
$2.5M
Q2 24
$19.6M
$2.5M
Q1 24
$22.3M
$3.7M
Total Assets
VEEE
VEEE
XPON
XPON
Q4 25
$16.2M
$8.1M
Q3 25
$18.9M
$10.7M
Q2 25
$22.4M
$8.6M
Q1 25
$23.6M
$9.2M
Q4 24
$25.9M
$9.1M
Q3 24
$30.1M
$10.1M
Q2 24
$33.8M
$8.8M
Q1 24
$36.5M
$10.0M
Debt / Equity
VEEE
VEEE
XPON
XPON
Q4 25
0.04×
0.03×
Q3 25
0.03×
0.02×
Q2 25
0.03×
0.10×
Q1 25
0.03×
0.07×
Q4 24
0.03×
0.09×
Q3 24
0.03×
0.09×
Q2 24
0.03×
0.10×
Q1 24
0.02×
0.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
VEEE
VEEE
XPON
XPON
Operating Cash FlowLast quarter
$-1.7M
$-2.4M
Free Cash FlowOCF − Capex
$-1.9M
FCF MarginFCF / Revenue
-62.5%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VEEE
VEEE
XPON
XPON
Q4 25
$-1.7M
$-2.4M
Q3 25
$-2.6M
$-2.1M
Q2 25
$-745.6K
$-401.0K
Q1 25
$-1.7M
$-1.2M
Q4 24
$-2.3M
$-2.9M
Q3 24
$-2.4M
$-3.2M
Q2 24
$-482.1K
$-1.7M
Q1 24
$-1.7M
$-1.7M
Free Cash Flow
VEEE
VEEE
XPON
XPON
Q4 25
$-1.9M
Q3 25
$-3.1M
Q2 25
$-1.5M
Q1 25
$-2.6M
Q4 24
$-3.6M
Q3 24
$-3.7M
Q2 24
$-2.2M
Q1 24
$-3.7M
$-1.7M
FCF Margin
VEEE
VEEE
XPON
XPON
Q4 25
-62.5%
Q3 25
-91.2%
Q2 25
-30.6%
Q1 25
-71.0%
Q4 24
-192.8%
Q3 24
-128.8%
Q2 24
-51.0%
Q1 24
-70.9%
-173.1%
Capex Intensity
VEEE
VEEE
XPON
XPON
Q4 25
4.6%
Q3 25
14.0%
Q2 25
14.9%
Q1 25
22.9%
Q4 24
68.8%
Q3 24
45.8%
Q2 24
39.9%
Q1 24
37.7%
1.1%
Cash Conversion
VEEE
VEEE
XPON
XPON
Q4 25
Q3 25
-2.90×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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