VMAR

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Vision Marine Technologies Inc.

Cyclical demand Physical productsTags from an AI model reading the company description.

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Key Metrics

Previous Close: $6.72
52-Week Range: $5.16 – $6,800.00
Market Cap: $4.18M
P/E (TTM): —
EPS (TTM): -41726.75
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 0.04
PEG Ratio: —
Return on Equity: -269.98%
Return on Assets: -27.67%
Gross Margin: 26.70%
Operating Margin: -29.11%
Profit Margin: -39.82%
Current Ratio: 1.26
Debt/Equity: 3.55
Total Debt: $21.42M
Free Cash Flow: $-22.58M
Revenue Growth: 8618.80%
Earnings Growth: —
Enterprise Value: $22.05M

VMAR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$5.61M	$4.20M	$2.79M	$13.83M
Cost of Revenue	$3.10M	$3.06M	$1.69M	$9.07M
Gross Profit	$2.51M	$1.14M	$1.10M	$4.77M
Research & Development	$1.71M	$4.24M	$2.01M	$1.18M
Selling, General & Admin	$10.35M	$11.50M	$8.21M	$13.18M
Operating Expenses	$12.26M	$16.18M	$10.83M	$15.08M
Operating Income	-$9.76M	-$15.04M	-$9.73M	-$10.31M
EBITDA	-$8.95M	-$14.83M	-$9.62M	-$20.07M
Pretax Income	-$9.82M	-$15.71M	-$10.56M	-$21.64M
Income Tax	$197.30K	-$207.58K	-$179.03K	$7.88K
Net Income	-$10.01M	-$15.50M	-$10.38M	-$21.65M
Diluted EPS	-10013429.61	-8975467.05	-4553390.17	-98120.00
Diluted Shares	1	2	4	1226

VMAR Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$4.45M	$2.48M	$46.79K	$7.42M
Receivables	$924.19K	$508.74K	$136.62K	$10.91M
Inventory	$1.60M	$1.81M	$4.60M	$36.87M
Current Assets	$8.86M	$6.27M	$6.38M	$58.97M
Total Assets	$22.22M	$17.84M	$8.46M	$69.91M
Current Liabilities	$2.19M	$7.69M	$5.86M	$49.70M
Long-Term Debt	$118.57K	$24.96K	$264.80K	$6.42M
Total Debt	$2.02M	$2.29M	$532.53K	$46.60M
Total Liabilities	$3.87M	$9.24M	$6.23M	$61.46M
Retained Earnings	-$23.42M	-$39.55M	-$49.93M	-$71.58M
Shareholders' Equity	$18.35M	$8.61M	$2.23M	$8.45M
Working Capital	$6.66M	-$1.42M	$524.85K	$9.28M
Net Debt	—	—	$293.17K	$32.17M

VMAR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$8.40M	-$10.57M	-$8.28M	-$8.93M
Capital Expenditure	-$922.65K	-$726.71K	-$491.36K	-$326.75K
Free Cash Flow	-$9.32M	-$11.30M	-$8.77M	-$9.26M
Depreciation & Amortisation	$729.72K	$781.68K	$756.06K	$763.97K
Stock-Based Compensation	$2.06M	$843.78K	$291.15K	$621.98K
Investing Cash Flow	-$736.59K	-$428.33K	$326.14K	$1.54M
Financing Cash Flow	-$276.29K	$9.03M	$5.52M	$14.76M
Net Change in Cash	-$9.41M	-$1.97M	-$2.44M	$7.37M

VMAR Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$210.71K	$13.44M	$15.69M	$14.53M	$18.37M
Cost of Revenue	$185.50K	$8.66M	$11.49M	$10.13M	$15.18M
Gross Profit	$25.21K	$4.78M	$4.20M	$4.40M	$3.19M
Research & Development	$528.78K	-$113.16K	$76.70K	$142.31K	$49.74K
Selling, General & Admin	$2.08M	$6.75M	$6.49M	$6.42M	$7.64M
Operating Expenses	$2.71M	$7.08M	$7.35M	$7.43M	$8.54M
Operating Income	-$2.68M	-$2.30M	-$3.15M	-$3.03M	-$5.35M
EBITDA	-$4.97M	-$11.50M	-$2.44M	$46.45K	-$4.28M
Pretax Income	-$5.12M	-$12.67M	-$4.32M	-$1.87M	-$5.72M
Income Tax	-$1.36K	$219.36	-$9.06K	-$9.00K	-$5.51K
Net Income	-$5.12M	-$12.67M	-$4.31M	-$1.86M	-$5.71M
Diluted EPS	-18643.40	—	-3440.00	-232.00	-291.00
Diluted Shares	282	—	1247	8026	19632

VMAR Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$7.93M	$7.42M	$2.30M	$4.06M	$814.21K
Receivables	$284.94K	$10.91M	$7.05M	$7.46M	$7.16M
Inventory	$5.17M	$36.87M	$31.37M	$30.24M	$20.73M
Current Assets	$15.80M	$58.97M	$45.95M	$45.49M	$32.90M
Total Assets	$17.83M	$69.91M	$59.66M	$58.63M	$45.24M
Current Liabilities	$4.02M	$49.70M	$41.24M	$35.53M	$26.04M
Long-Term Debt	$138.88K	$6.42M	$6.49M	$6.58M	$6.79M
Total Debt	$334.84K	$46.60M	$39.74M	$34.70M	$27.08M
Total Liabilities	$5.54M	$61.46M	$55.41M	$49.14M	$39.22M
Retained Earnings	-$56.73M	-$71.58M	-$75.89M	-$77.76M	-$83.47M
Shareholders' Equity	$12.29M	$8.45M	$4.25M	$9.49M	$6.03M
Working Capital	$11.78M	$9.28M	$4.70M	$9.97M	$6.86M
Net Debt	—	$32.17M	$27.31M	$21.10M	$17.34M

VMAR Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$2.32M	$2.31M	$1.85M	-$1.49M	$2.03M
Capital Expenditure	-$264.70K	-$0.25	-$75.30K	-$328.03K	—
Free Cash Flow	-$2.58M	$2.31M	$1.78M	-$1.81M	$2.15M
Depreciation & Amortisation	$85.29K	$465.62K	$782.93K	$1.18M	$545.79K
Stock-Based Compensation	$8.44K	$235.60K	$21.28K	$354.02K	$21.04K
Investing Cash Flow	-$264.70K	$1.87M	$3.76M	-$300.41K	$124.02K
Financing Cash Flow	-$117.28K	-$4.68M	-$10.73M	$3.55M	-$5.40M
Net Change in Cash	-$2.70M	-$507.42K	-$5.12M	$1.76M	-$3.25M

Market Snapshot

About

Vision Marine Technologies Inc. is a Canadian electric marine technology company that designs and manufactures electric outboard powertrain systems and boats. The company focuses on sustainable boating solutions with its proprietary electric propulsion technology for recreational and commercial marine applications.