Saturday 17 October 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. 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.

6.05 0.31 −4.87%

Follow VMAR

Alert me

Market cap: $4.2M
P/E: 0.0×
Fwd P/E: 0.0×
Dividend yield: —
F-score: n/a
Altman Z: −1.55
Beneish M: 18.34
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.23

Total sells 0.16

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	7	2	—	—	—
Sell	—	—	—	—	—	—	—	5	3	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 4.15

Revenue 62.04

Net Income (24.71)

Free Cash Flow 3.82

Net Debt 17.67

Current Ratio 1.26

Debt/Equity 3.13

P/E ratio 0.00

Fwd P/E (0.02)

P/S ratio 0.00

P/B ratio 0.02

Past 5Y EPS Growth —

This Y EPS Growth 99.29%

Next Y EPS Growth 40.58%

Next Y revenue growth 31.66%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.74%

10-year low 10-year high

P/B against its own 10 years 0.62%

10-year low 10-year high

EV/Sales against its own 10 years 5.96%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2	0	7	1
Receivables	0	0	11	7
Inventory	2	5	37	21
Other	0	0	0	0
	6	6	59	33

	2023	2024	2025	Q'26
Payables	1	3	9	8
ST’ Debt	0	0	33	11
Other	2	2	6	4
	4	6	50	26

Compound Annual Growth %

	10y	5y	3y
Sales	—	50.39%	33.77%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	70.35%	(23.52%)

Revenue $m

	Nov	Feb	May	Aug	Year
’26	16	15	18	—	—
’25	0	0	0	13	14
’24	1	1	0	1	3
’23	1	1	1	2	4
’22	1	1	2	3	6
’21	0	0	1	2	3
’20	—	0	—	—	2

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Nov	Feb	May	Aug	Year
’26	2	(1)	2	—	—
’25	(4)	(4)	(2)	2	(9)
’24	(3)	(4)	(1)	0	(8)
’23	(3)	(2)	(3)	(2)	(10)
’22	(3)	(3)	(1)	(1)	(9)
’21	—	(4)	(3)	0	(7)
’20	—	0	—	—	0

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Nov	Feb	May	Aug	Year
’26	2	(2)	2	—	—
’25	(4)	(4)	(3)	2	(9)
’24	(3)	(5)	(1)	0	(9)
’23	(3)	(2)	(3)	(2)	(11)
’22	(3)	(4)	(1)	(1)	(9)
’21	—	(4)	(3)	0	(7)
’20	—	0	—	—	0

Fiscal quarters ending in the months shown.

EPS $

	Nov	Feb	May	Aug	Year
’26	(3.44k)	(232.00)	(291.00)	—	—
’25	(57.20k)	(15.56k)	(18.60k)	(7.45k)	(98.12k)
’24	0.07	(0.53)	(971.61k)	(1.03m)	(4.52m)
’23	(0.60)	(0.57)	(0.23)	(0.27)	(1.67)
’22	(0.33)	(0.40)	(0.18)	(0.33)	(1.24)
’21	(0.22)	(0.44)	(0.48)	—	(1.61)
’20	(0.03)	(0.04)	—	—	(0.41)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	57,780,000.00	24,570,000.00	18,090,000.00	5,454,000.00	52,000.00	636.00	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	96,660,000.00	94,446,000.00	47,466,000.00	30,240,000.00	6,210,000.00	156,000.00
People
People	Employees	—	—	—	—	15	22	51	46	20	154
	Revenue/emp, $m	—	—	0.00	0.00	0.12	0.13	0.11	0.09	0.14	0.09
Income, $m
Income, $m	Revenue	—	—	1	2	2	3	6	4	3	14
	Gross margin, %	—	—	31.15	25.00	25.00	45.65	44.70	27.18	39.48	34.46
	EBT	—	—	0	(2)	(2)	(12)	(10)	(16)	(11)	(22)
	EBT margin, %	—	—	(2.68)	(93.26)	(93.26)	(427.13)	(174.86)	(374.38)	(378.61)	(156.47)
	Net income	—	0	0	0	(2)	(12)	(10)	(15)	(10)	(22)
	Depreciation	—	—	0	0	0	0	1	1	1	1
Per share, $
Per share, $	Revenue	—	—	0.13	0.00	0.43	0.37	0.69	0.45	0.00	69,163.00
	Earnings	—	—	(0.02)	0.02	(0.41)	(1.61)	(1.24)	(1.67)	(4,517,600.00)	(98,120.00)
	Cash flow	—	—	0.01	(0.01)	(0.08)	(0.88)	(1.04)	(1.12)	0.00	(44,652.00)
	Capex	—	—	0.00	0.00	(0.01)	(0.11)	(0.09)	(0.04)	0.00	(1,633.50)
	Free cash flow	—	—	0.01	(0.01)	(0.09)	(0.99)	(1.13)	(1.16)	0.00	(46,285.50)
	Book value	—	—	(0.04)	0.00	0.14	3.57	2.27	0.93	0.00	42,255.00
	Shares, m	—	—	8	8	4	7	8	9	0	0
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	338,057,051.98	338,057,051.98	338,057,051.98	102,725,621.36	49,974,494.49	44,377,737.21	0.00	0.08
	P/B	—	—	0.00	0.00	0.00	10,878,374.74	15,288,391.80	21,687,477.81	0.00	0.14
	EV/Sales	—	—	338,057,053.00	338,057,053.00	338,057,053.00	102,725,617.10	49,974,493.98	44,377,737.02	0.14	2.43
	EV/FCF	—	—	0.00	0.00	0.00	(42,299,846.29)	(30,712,206.83)	(17,202,907.67)	(0.05)	(3.63)
Cash, $m
Cash, $m	Operating cash flow	—	—	0	0	0	(7)	(9)	(10)	(8)	(9)
	Capex	—	—	0	0	0	(1)	(1)	0	0	0
	Free cash flow	—	—	0	0	0	(7)	(9)	(11)	(9)	(9)
Balance, $m
Balance, $m	Working capital	—	—	0	0	0	15	7	3	1	9
	Total debt	—	—	0	0	1	2	2	2	0	40
	Net debt	—	—	0	(1)	0	(12)	(3)	(1)	0	32
	Shareholders’ equity	—	—	0	1	1	26	19	9	2	8
Returns, %
Returns, %	ROA	—	—	(19.04)	(62.66)	(62.66)	(71.58)	(38.55)	(76.11)	(78.94)	(55.26)
	ROIC	—	—	0.00	0.00	(214.17)	(45.20)	(39.36)	(120.44)	(231.72)	(15.75)
	ROE	—	—	71.24	93.04	275.16	(88.20)	(45.48)	(112.82)	(192.02)	(405.45)

Negative figures in brackets.

All 10 years →

Fiscal years to Aug 2025 · latest quarter May 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WGO Winnebago Industries, Inc.	$697.1M	17.6×	16.1×	−9.86% (below 0%: shrinking)	−19.05% (below 0%: shrinking)	+155.68% (above 0%: growing)	13.58%	3.29%	Compare
MCFT MASTERCRAFT BOAT HOLDINGS, INC.	$462.9M	— (loss-making)	12.7×	+63.41% (above 0%: growing)	n/m	−18.29% (below 0%: shrinking)	22.56%	(4.86%)	Compare
MBUU Malibu Boats, Inc.	$446.3M	318×	15.3×	+42.74% (above 0%: growing)	+54.17% (above 0%: growing)	+19.34% (above 0%: growing)	17.66%	3.16%	Compare
KNDI Kandi Technologies Group, Inc.	$42.5M	— (loss-making)	— (loss-making)	−16.71% (below 0%: shrinking)	n/m	−880.32% (below 0%: shrinking)	31.30%	(22.47%)	Compare
MAMO Massimo Group	$38.7M	9.3×	—	−21.13% (below 0%: shrinking)	+1,478.95% (above 0%: growing)	+164.77% (above 0%: growing)	48.81%	11.14%	Compare
VEEE Twin Vee PowerCats, Co.	$5.9M	— (loss-making)	4.1×	−34.22% (below 0%: shrinking)	n/m	−19.52% (below 0%: shrinking)	(5.84%)	(96.58%)	Compare
VMAR Vision Marine Technologies Inc.	$4.2M	— (loss-making)	— (loss-making)	+8,619.13% (above 0%: growing)	n/m	+183.36% (above 0%: growing)	17.35%	(29.11%)
FUVV Arcimoto, Inc.	$3.6M	— (loss-making)	— (loss-making)	−45.15% (below 0%: shrinking)	n/m	+69.65% (above 0%: growing)	(166.81%)	(686.82%)	Compare
EZGO EZGO Technologies Ltd.	$1.8M	— (loss-making)	— (loss-making)	−46.26% (below 0%: shrinking)	−300.00% (below 0%: shrinking)	+46.84% (above 0%: growing)	3.53%	0.00%	Compare
Median of peers	$40.6M	17.6×	14.0×	−18.92%	+17.56%	+33.09%	15.62%	(2.43%)

All 16 Recreational Vehicles stocks →