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Stocks · Industrials · Ship & Boat Building & Repairing

Vision Marine Technologies Inc.

VMAR Clue Score31
Quebec, Canada CIK 0001813783
$6.07 -3.65% Close, 9 Oct 2026
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Price $6.07 −6.90% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 24 Nov 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2018Revenue1.3Net income−0.2Fiscal year 2019Revenue2.9 +125.7%Net income0.2Fiscal year 2020Revenue2.4 −15.8%Net income−2.3 −1,076.3%EPS, diluted−0.56Fiscal year 2021Revenue3.5 +45.4%Net income−15.1EPS, diluted−2.04Fiscal year 2022Revenue7.4 +109.2%Net income−13.1EPS, diluted−1.58Fiscal year 2023Revenue5.7 −23.1%Net income−20.9EPS, diluted−2.22Fiscal year 2024Revenue3.8 −32.9%Net income−14.1EPS, diluted−153.62Fiscal year 2025
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.3 2.9 2.4 3.5 7.4 5.7 3.8 n/a
Growth +125.7% −15.8% +45.4% +109.2% −23.1% −32.9%
Net income −0.2 0.2 −2.3 −15.1 −13.1 −20.9 −14.1 n/a
Growth −1,076.3%
EPS, diluted n/a n/a −0.56 −2.04 −1.58 −2.22 −153.62 n/a

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginNet margin
Fiscal year 2018Gross margin39.5%Net margin−14.6%Free cash flow margin9.7%Fiscal year 2019Gross margin44.8%Net margin8.1%Free cash flow margin−10.0%Fiscal year 2020Gross margin25.0%Net margin−94.1%Free cash flow margin−21.2%Fiscal year 2021Gross margin45.7%Net margin−430.1%Free cash flow margin−250.3%Fiscal year 2022Gross margin44.7%Net margin−178.4%Free cash flow margin−165.6%Fiscal year 2023Gross margin27.2%Net margin−369.4%Free cash flow margin−264.5%Fiscal year 2024Gross margin39.5%Net margin−370.6%Free cash flow margin−321.0%Fiscal year 2025
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 39.5% 44.8% 25.0% 45.7% 44.7% 27.2% 39.5% n/a
Net margin −14.6% 8.1% −94.1% −430.1% −178.4% −369.4% −370.6% n/a
Free cash flow margin 9.7% −10.0% −21.2% −250.3% −165.6% −264.5% −321.0% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow0.1Capital expenditure−0.0Free cash flow0.1Fiscal year 2019Operating cash flow−0.1Capital expenditure−0.2Free cash flow−0.3 −333.9%Buybacks−0.0Fiscal year 2020Operating cash flow−0.4Capital expenditure−0.1Free cash flow−0.5Fiscal year 2021Operating cash flow−8.3Capital expenditure−0.5Free cash flow−8.8Fiscal year 2022Operating cash flow−11.0Capital expenditure−1.2Free cash flow−12.2Fiscal year 2023Operating cash flow−14.0Capital expenditure−0.9Free cash flow−14.9Fiscal year 2024Operating cash flow−11.6Capital expenditure−0.5Free cash flow−12.2Fiscal year 2025
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.1 −0.1 −0.4 −8.3 −11.0 −14.0 −11.6 n/a
Capital expenditure −0.0 −0.2 −0.1 −0.5 −1.2 −0.9 −0.5 n/a
Free cash flow 0.1 −0.3 −0.5 −8.8 −12.2 −14.9 −12.2 n/a
Growth −333.9%
Buybacks n/a −0.0 n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash0.0Shareholders’ equity−0.4Fiscal year 2019Cash0.0Total debt0.1Net cash (debt)−0.1Shareholders’ equity−0.1Fiscal year 2020Cash1.3Total debt0.4Net cash (debt)0.9Shareholders’ equity0.8Debt to equity0.52Fiscal year 2021Cash18.1Total debt0.1Net cash (debt)18.1Shareholders’ equity33.5Debt to equity0.00Fiscal year 2022Cash5.8Total debt0.2Net cash (debt)5.6Shareholders’ equity24.0Debt to equity0.01Fiscal year 2023Cash3.4Total debt0.3Net cash (debt)3.1Shareholders’ equity11.6Debt to equity0.03Fiscal year 2024Cash0.1Total debt0.5Net cash (debt)−0.4Shareholders’ equity3.0Debt to equity0.15Fiscal year 2025
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.0 0.0 1.3 18.1 5.8 3.4 0.1 n/a
Total debt n/a 0.1 0.4 0.1 0.2 0.3 0.5 n/a
Net cash (debt) n/a −0.1 0.9 18.1 5.6 3.1 −0.4 n/a
Shareholders’ equity −0.4 −0.1 0.8 33.5 24.0 11.6 3.0 n/a
Debt to equity n/a n/a 0.52 0.00 0.01 0.03 0.15 n/a

In millions of CAD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of CAD, except per-share figures; shares in millions. Fiscal years ending August, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Aug 2018 FY2019 31 Aug 2019 FY2020 31 Aug 2020 FY2021† 31 Aug 2021 FY2022 31 Aug 2022 FY2023 31 Aug 2023 FY2024† 31 Aug 2024 FY2025† 31 Aug 2025
Revenue and profit
1.3 2.9 2.4 3.5 7.4 5.7 3.8 n/a
Growth +125.7% −15.8% +45.4% +109.2% −23.1% −32.9%
0.8 1.6 1.8 1.9 4.1 4.0 2.3 n/a
0.5 1.3 0.6 1.6 3.3 1.5 1.5 n/a
Growth +156.2% −53.0% +165.4% +104.8% −53.2% −2.5%
n/a n/a n/a 1.5 2.2 5.7 2.7 n/a
0.1 0.1 0.2 1.2 1.9 3.1 2.4 n/a
−0.0 0.3 −2.3 −15.0 −12.9 −21.2 −14.3 n/a
0.2 0.1 0.0 0.1 0.3 −0.3 −0.3 n/a
−0.2 0.2 −2.3 −15.1 −13.1 −20.9 −14.1 n/a
Growth −1,076.3%
Per share
n/a n/a −0.56 −2.04 −1.58 −2.25 −153.62 n/a
n/a n/a −0.56 −2.04 −1.58 −2.22 −153.62 n/a
Growth
3.7 3.7 4.2 7.4 8.3 9.3 0.0 0.9
n/a n/a 4.2 7.4 8.3 9.3 0.0 0.9
Growth +77.4% +12.2% +11.4% −99.9% +9,552.9%

† The diluted share count jumps at 2021 and 2024 and 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Shown in CAD as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 5.7% a year over five years.
  • Gross margin is down 5.3 points on five years ago, at 39.5%.
  • A net loss in 6 of 7 years on file.