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Friday 6 November 2026
Export VMAR’s income statement to Excel — free account
Vision Marine Technologies Inc.
VMAR Consumer Cyclical Recreational Vehicles
Vision Marine Technologies Inc.’s revenue for fiscal 2025 (year ended August 2025) was $13.8 million, up 395.8% from fiscal 2024.
- Revenue
- +8,619.1%
- EPS
- +98.4%
- Free cash flow
- +183.4%
- Total debt
- +7,753.6%
Quarter to May 2026, against a year earlier
5.46
0.08
−1.44%
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| Aug '25 | Aug '24 | Aug '23 | Aug '22 | Aug '21 | Aug '20 | Dec '19 | Aug '19 | Aug '18 | Aug '17 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Piotroski F-Score |
4 | 4 | 1 | 4 | — | — | — | — | — | — |
P/S ratio |
1.77 | 7.74 | 90.52 | 91.52 | 190.23 | 626.01 | 626.01 | 626.01 | 626.01 | — |
Altman Z-Score |
(1.45) | (9.70) | 16.96 | 78.17 | 67.55 | — | — | — | — | — |
Altman Z″-Score (non-manufacturers) |
(3.31) | (26.20) | (10.68) | 0.56 | 6.11 | (4.93) | (4.93) | (4.93) | (1.91) | — |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
P/Operating CF |
14.36 | (194.09) | (187.47) | (456.66) | (1,953.43) | (2,844.47) | (2,844.47) | (2,844.47) | (2,844.47) | — |
Beneish M-Score |
18.34 | (5.59) | (3.30) | (2.04) | (0.98) | — | — | (3.53) | — | — |
P/B ratio |
2.90 | 9.69 | 44.24 | 28.00 | 20.15 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Price to Tangible BV |
3.08 | 13.62 | 558.02 | 49.60 | 29.03 | 0.00 | 0.00 | 0.00 | 0.00 | — |
EV/Sales |
4.12 | 7.89 | 90.33 | 91.01 | 185.97 | 627.03 | 627.03 | 627.03 | 627.03 | — |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
EV/Operating CF |
(6.38) | (2.66) | (36.44) | (60.83) | (76.58) | 0.00 | 0.00 | 0.00 | 0.00 | — |
EV/FCF |
(6.15) | (2.53) | (35.02) | (55.93) | (76.58) | 0.00 | 0.00 | 0.00 | 0.00 | — |
Quick Ratio |
0.37 | 0.03 | 0.83 | 2.19 | 6.85 | 0.72 | 0.72 | 0.72 | 0.34 | — |
Current Ratio |
1.19 | 1.09 | 1.75 | 4.04 | 7.91 | 1.28 | 1.28 | 1.28 | 0.83 | — |
Net Debt/EBITDA |
(3.40) | (0.04) | 0.06 | 0.32 | 1.26 | 0.08 | 0.44 | 0.29 | 5.37 | — |
Debt/Assets |
57.04% | 5.23% | 9.56% | 7.15% | 6.36% | 31.23% | 9.76% | 18.28% | 10.11% | 0.00% |
Debt/Equity |
4.72 | 0.20 | 0.20 | 0.09 | 0.07 | 1.43 | 0.45 | 0.84 | (0.50) | — |
Asset Turnover |
0.35 | 0.21 | 0.21 | 0.22 | 0.17 | 0.67 | 0.67 | 0.85 | 1.30 | — |
Operating CF/Net income |
0.41 | 0.80 | 0.67 | 0.84 | 0.55 | 0.19 | 0.00 | (0.48) | (0.67) | — |
Capex/Depreciation |
(0.43) | (0.53) | (0.51) | (1.01) | (2.49) | (0.46) | — | 0.00 | 0.00 | — |
Interest Coverage |
— | — | 12.62 | (69.07) | (364.83) | (58.11) | (58.11) | (58.11) | (0.31) | — |
| (405.45%) | (192.02%) | (112.82%) | (45.48%) | (88.20%) | 275.16% | 93.04% | (16.52%) | 71.24% | — | |
| (55.26%) | (78.94%) | (76.11%) | (38.55%) | (71.58%) | (62.66%) | (62.66%) | 8.31% | (19.04%) | — | |
ROIC |
(15.75%) | (231.72%) | (120.44%) | (39.36%) | (45.20%) | (214.17%) | 0.00% | (848.03%) | 0.00% | — |
Return on Tangible Assets |
(172.05%) | (612.61%) | (350.83%) | (119.79%) | (75.41%) | (212.29%) | (212.29%) | 22.05% | (438.25%) | — |
Average Days of Receivables |
287.15 | 14.08 | 41.94 | 23.46 | 33.22 | 11.94 | 11.94 | 11.94 | 162.62 | — |
Research and Development Expense of Revenue |
8.56% | 72.19% | 100.94% | 30.51% | 42.40% | 0.00% | 0.00% | 0.00% | 0.00% | — |
Selling, General and Administrative Expense of Revenue |
95.30% | 294.23% | 274.01% | 184.30% | 330.00% | 106.68% | 113.04% | 113.04% | 31.63% | — |
Intangible Assets out of Total Assets |
0.01 | 0.08 | 0.44 | 0.36 | 0.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
4.50% | 10.43% | 20.10% | 36.72% | 202.67% | 54.28% | 0.00% | 0.00% | 0.00% | — |
Graham Net Nets |
(0.10) | 0.01 | (0.01) | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Earnings Yield |
(210.03%) | (54.01%) | (4.61%) | (1.93%) | (2.31%) | (0.04%) | (0.04%) | (0.04%) | (0.04%) | — |
Free Cash Flow Yield |
(37.77%) | (40.21%) | (2.85%) | (1.78%) | (1.28%) | 0.00% | 0.00% | 0.00% | 0.00% | — |
Revenue per Share |
6,269.27 | 122,047.47 | 244,443.41 | 375,184.21 | 201,877.97 | 232,345.68 | 0.00 | 260,273.58 | 143,557.79 | — |
Operating CF per Share |
(4,047.48) | (362,218.09) | (605,879.65) | (561,266.95) | (474,074.13) | (41,775.96) | — | (12,274.73) | 14,122.09 | — |
Capex per Share |
(148.07) | (17,425.35) | (23,228.45) | (49,227.79) | (59,689.97) | (7,494.61) | — | 0.00 | 0.00 | — |
Free Cash Flow per Share |
(4,195.54) | (379,643.44) | (629,108.09) | (610,494.74) | (533,764.10) | (49,270.57) | — | (12,274.73) | 14,122.09 | — |
Cash per Share |
3,362.38 | 2,047.47 | 145,295.76 | 297,288.35 | 1,042,658.59 | 124,655.96 | 0.00 | 139,639.57 | 7,558.71 | — |
Shareholders Equity per Share |
3,830.20 | 97,534.73 | 500,189.35 | 1,226,397.21 | 1,926,141.50 | 76,121.93 | 0.00 | 85,271.77 | (44,558.88) | — |
Interest Debt per Share |
0.02 | 0.02 | 0.10 | 0.11 | 0.14 | 0.11 | 0.00 | 0.07 | 0.02 | — |
Book value per Share |
3,830.20 | 97,534.73 | 500,189.35 | 1,226,397.21 | 1,926,141.50 | 76,121.93 | 0.00 | 85,271.77 | (44,558.88) | — |
Free Cash Flow |
(9.26) | (8.68) | (10.80) | (9.40) | (7.33) | (0.38) | — | (0.08) | 0.10 | — |
Working Capital |
9.28 | 0.52 | 2.70 | 6.86 | 14.69 | 0.40 | 0.40 | 0.40 | (0.24) | — |
Capital Expenditures |
(0.33) | (0.40) | (0.40) | (0.76) | (0.82) | (0.06) | — | (0.13) | 0.00 | — |
Net Current Asset Value |
(2.49) | 0.16 | (2.97) | 5.13 | 12.65 | (0.30) | (0.30) | (0.30) | (0.63) | — |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Capex to Sales |
0.02 | 0.14 | 0.10 | 0.13 | 0.30 | 0.03 | 0.00 | 0.00 | 0.00 | — |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.23 | 0.65 | 0.46 | 0.43 | 0.29 | 0.32 | 0.00 | 0.07 | 0.09 | — |
Cash ROIC |
(16.60%) | (319.23%) | (84.45%) | (37.46%) | (17.16%) | (15.90%) | 0.00% | (4.14%) | (95.98%) | — |
Accounts Receivable Turnover |
2.52 | 9.46 | 9.83 | 18.53 | 17.82 | 30.58 | 30.58 | 7.16 | 2.42 | — |
Accounts Payable Turnover |
1.52 | 0.73 | 2.89 | 4.32 | 2.63 | 3.57 | 0.00 | 4.21 | 2.14 | — |
Inventory Turnover |
0.44 | 0.53 | 1.77 | 1.99 | 1.57 | 3.69 | 3.69 | 2.50 | 1.03 | — |
Average Days of Payables |
346.55 | 720.85 | 155.65 | 92.50 | 162.11 | 128.84 | 0.00 | 75.82 | 191.72 | — |
Days of Inventory on Hand |
1,484.45 | 995.15 | 216.92 | 187.98 | 377.70 | 98.96 | 98.96 | 98.96 | 380.61 | — |
Average Receivables |
5.49 | 0.29 | 0.43 | 0.31 | 0.16 | 0.06 | 0.06 | 0.25 | 0.41 | — |
Average Payables |
5.97 | 2.32 | 1.06 | 0.74 | 0.57 | 0.38 | — | 0.32 | 0.32 | — |
Average Inventory |
20.74 | 3.21 | 1.73 | 1.60 | 0.96 | 0.37 | 0.37 | 0.54 | 0.67 | — |
Average Assets |
39.18 | 13.15 | 20.37 | 26.74 | 16.65 | 2.70 | 2.70 | 2.12 | 0.76 | — |
Average Common Equity |
5.34 | 5.41 | 13.74 | 22.67 | 13.52 | (0.62) | (1.82) | (1.06) | (0.20) | — |
Columns are period end dates · fundamentals updated 26 Oct 2026