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. In the quarter to May 2026, revenue grew 8,619.1%, EPS grew 98.4%, free cash flow grew 183.4% and total debt rose 7,753.6%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Vision Marine Technologies Inc. (VMAR) Piotroski F-score
Vision Marine Technologies Inc.'s Piotroski F-score for fiscal 2025 cannot be worked out: shares outstanding not reported.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2023 | 1 | (3.00) |
| FY2022 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (55.26%) | (78.94%) | Fail | 0 |
| Positive operating cash flow | (8.93m) | (8.28m) | Fail | 0 |
| Rising return on assets | (55.26%) | (78.94%) | Pass | 1 |
| Cash flow above net income | 12.72m | 2.10m | Pass | 1 |
| Falling long-term leverage | 0.17 | 0.03 | Fail | 0 |
| Rising current ratio | 1.19 | 1.09 | Pass | 1 |
| No new shares issued | 200 | — | n/a | — |
| Rising gross margin | 34.46% | 39.48% | Fail | 0 |
| Rising asset turnover | 0.35 | 0.21 | Pass | 1 |
| Piotroski F-score | n/a — shares outstanding not reported | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| WGO Winnebago Industries, Inc. compare | 6 |
| KNDI Kandi Technologies Group, Inc. compare | 5 |
| MAMO Massimo Group compare | 4 |
| MCFT MASTERCRAFT BOAT HOLDINGS, INC. compare | 4 |
| VEEE Twin Vee PowerCats, Co. compare | 4 |
| EZGO EZGO Technologies Ltd. compare | 4 |
| MBUU Malibu Boats, Inc. compare | 4 |
| FUVV Arcimoto, Inc. compare | 3 |
| VMAR Vision Marine Technologies Inc. | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover