Security
Vision Marine Technologies Inc. Common Shares · VMAR
VMARNASDAQCommon stockCurrentCIK 1813783Updated Oct 6, 2026
VMAR price & chart
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NASDAQ:VMAR on TradingView ↗About the company
We were incorporated pursuant to the Business Corporations Act (Quebec) on August 27, 2012. Until June 23, 2025, our principal activity was the design, development and manufacturing of electric outboard powertrain systems and power boats and the renting of electric boats. On June 23, 2025, we acquired Nautical Ventures and with locations in Florida for the sale of boats, parts and accessories and the provision of related services.
In the news
Vision Marine Technologies Provides Shareholder Update Highlighting Commercial Expansion and Operational Execution ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
cash flow · annual statements
| Line item | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Profit or LossUSD | — | -7,144,294Source | -3,025,977Source | -3,606,124Source | -8,407,149Source | -1,594,519Source | 1,025,129Source | -21,651,993Source | -14,060,620Source | -20,877,186Source | -13,111,785Source |
| Additional Financial Items | |||||||||||
| AdjustmentsForFinanceCostsCAD | — | — | — | — | — | — | — | — | 1,535,627Source | — | — |
| AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociatesCAD | — | — | — | — | — | — | — | — | 175,589Source | — | — |
| AdjustmentsForIncomeTaxExpenseUSD | — | — | — | — | — | 22,289Source | -56,859Source | 7,882Source | -255,463Source | -280,875Source | 258,343Source |
| AdjustmentsForSharebasedPaymentsUSD | — | — | — | — | — | 138,322Source | 74,333Source | 621,982Source | 395,988Source | 1,136,182Source | 2,699,481Source |
| AdjustmentsForUnrealisedForeignExchangeLossesGainsUSD | — | — | — | — | — | -10,981Source | 287Source | 369,632Source | -42,279Source | 49,670Source | 17,398Source |
| GeneralAndAdministrativeExpenseUSD | — | 450,675Source | 585,364Source | 470,575Source | 707,379Source | 375,539Source | 752,995Source | 2,288,188Source | 2,360,816Source | 3,100,024Source | 1,949,583Source |
| GoodwillCAD | — | — | 4,430,182Source | — | 5,431,975Source | — | — | — | — | 9,680,941Source | 9,352,640Source |
| PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesUSD | — | — | — | — | — | 34,809Source | 194,818Source | 494,200Source | 650,461Source | 726,893Source | 695,749Source |
| ProceedsFromBorrowingsClassifiedAsFinancingActivitiesUSD | — | — | — | — | — | 280,500Source | — | 207,161Source | 527,000Source | 258,000Source | 282,424Source |
| ProceedsFromIssuingSharesUSD | — | — | — | — | — | 6,786,619Source | — | 25,103,817Source | 8,326,492Source | 12,437,523Source | — |
| ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivitiesCAD | — | — | — | — | — | — | 50,522Source | — | 126,568Source | 401,782Source | 243,630Source |
| PurchaseOfIntangibleAssetsClassifiedAsInvestingActivitiesUSD | — | — | — | — | — | 1,806Source | — | 99,407Source | 63,316Source | — | 32,202Source |
| RepaymentsOfBorrowingsClassifiedAsFinancingActivitiesUSD | — | — | — | — | — | 310,121Source | 65,306Source | 581,733Source | 419,449Source | 207,607Source | 135,230Source |
income statement · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cost of Goods and Services Sold | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Total RevenueUSD | 285,553Source | 1,060,153Source | 105,282Source | 728,611Source | 142,411Source | 986,392Source | 13,832,556Source | 3,794,345Source | 5,651,502Source | 7,350,946Source |
| Additional Financial Items | ||||||||||
| ApplicableTaxRatenumber | — | — | — | — | — | — | 0.27Source | 0.27Source | 0.27Source | — |
| BasicEarningsLossPerShareUSD per share | -6.53Source | -333.33Source | -5.57Source | -969.68Source | -1.97Source | 11.97Source | -24.53Source | -153.62Source | -2.25Source | -1.58Source |
| CurrentTaxExpenseIncomeUSD | 8,527Source | -65,314Source | -12,063Source | 47,642Source | 18,276Source | 17,796Source | 13,858Source | 9,913Source | -70,607Source | 182,854Source |
| DeferredTaxExpenseIncomeUSD | -11,233Source | -113,812Source | 3,010Source | -87,811Source | 4,013Source | -74,655Source | -5,976Source | -265,376Source | -210,268Source | 75,489Source |
| DeferredTaxExpenseIncomeRecognisedInProfitOrLossUSD | — | — | — | — | — | — | 5,976Source | 265,377Source | 210,268Source | -75,489Source |
| DilutedEarningsLossPerShareUSD per share | -6.53Source | -333.33Source | -5.57Source | -969.68Source | -1.97Source | 11.97Source | -24.53Source | -153.62Source | -2.22Source | -1.58Source |
| EmployeeBenefitsExpenseUSD | 11,787Source | 46,270Source | 14,090Source | 72,019Source | 18,337Source | 74,333Source | 39,790Source | 220,752Source | 1,136,182Source | 2,699,481Source |
| ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsedUSD | — | — | — | — | — | — | 736,509Source | 915,532Source | 127,511Source | 58,663Source |
| FinanceIncomeUSD | 143,312Source | 11,043Source | 40,010Source | 21,254Source | 78Source | 27,046Source | 156,662Source | 64,118Source | 113,334Source | 379,288Source |
| GainsLossesRecognisedWhenControlInSubsidiaryIsLostCAD | — | 175,589Source | — | — | — | — | — | 175,589Source | — | — |
| GeneralAndAdministrativeExpenseUSD | 450,675Source | 585,364Source | 470,575Source | 707,379Source | 375,539Source | 752,995Source | 2,288,188Source | 2,360,816Source | 3,100,024Source | 1,949,583Source |
| GrossProfitUSD | 32,936Source | 450,037Source | -5,702Source | 220,083Source | -50,440Source | 435,528Source | 4,766,494Source | 1,497,438Source | 1,536,426Source | 3,285,565Source |
| ImpairmentLossRecognisedInProfitOrLossGoodwillUSD | — | — | — | 4,274,000Source | — | — | 15,082,026Source | 8,704,182Source | 0Source | 0Source |
| ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwillUSD | — | — | — | — | — | — | 380,457Source | — | — | — |
| IncomeTaxExpenseContinuingOperationsUSD | -2,706Source | -179,126Source | -9,053Source | -40,169Source | 22,289Source | -56,859Source | 7,882Source | -255,463Source | -280,875Source | 258,343Source |
| InterestExpenseOnLeaseLiabilitiesUSD | — | — | — | — | 3,055Source | — | 41,478Source | 116,170Source | 139,132Source | 141,994Source |
| OtherIncomeCAD | — | — | — | — | — | 66,244Source | — | — | 117,470Source | 143,922Source |
| ProfessionalFeesExpenseUSD | 697,229Source | 587,990Source | 891,696Source | 513,555Source | 1,116,856Source | 1,092,852Source | 3,336,347Source | 3,251,172Source | 3,764,465Source | 3,590,816Source |
| ProfitLossBeforeTaxUSD | -7,147,000Source | -3,205,103Source | -3,615,177Source | -8,447,318Source | -1,572,230Source | 968,270Source | -21,644,111Source | -14,316,083Source | -21,158,061Source | -12,853,442Source |
| ResearchAndDevelopmentExpenseUSD | 738,522Source | 628,578Source | 789,975Source | 334,731Source | 254,010Source | 984,506Source | 1,183,963Source | 2,739,022Source | 5,704,912Source | 2,242,794Source |
| DepreciationAndAmortisationExpense | — | —Source | — | —Source | — | — | — | — | — | — |
Offerings
Registration 333-291955
- Gross proceeds
- 9587250.0
- Net proceeds
- 8963250.0
- Deal price
- 0.3
- Shares
- 31957500
- Offering price
- $0.30
- Ticker
- VMAR
Registration 333-289547
- Gross proceeds
- 6999003.0
- Net proceeds
- 6544003.0
- Deal price
- 2.0
- Shares
- 3499502
- Offering price
- $2.00
- Ticker
- VMAR
Filing attachments
tm2624118d1_ex99-1.htm · 6-K · 2026-08-26
Exhibit 99.1 Vision Marine Technologies Signs Letter of Intent for Proposed Business Combination with an Undisclosed Counterparty Proposed combination would create a publicly traded platform expanding the Vision Marine platform of artificial intelligence, autonomous systems, electrification and next-generation marine with the addition of the unmanned aerial vehicles and defense technologies of the counterparty. Counterparty shareholders would own approximately 97.1% and existing Vision Marin…
Read attachment ↗tm2624118d1_ex99-2.htm · 6-K · 2026-08-26
Exhibit 99.2 Vision Marine Technologies Announces Reverse Stock Split MONTREAL, Aug. 24, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) ("Vision Marine" or the "Company") today announced that the Company's board of directors (the "Board") approved a 1-for-10 reverse stock split of the Company's common shares. The reverse stock split is expected to become effective when the market opens on August 26, 2026 (the "Effective Date") and the Company's common shares wi…
Read attachment ↗tm2623387d1_ex99-1.htm · 6-K · 2026-08-17
Exhibit 99.1 Vision Marine Technologies Completes Sale of 1440 S. Federal Highway Under Florida Real Estate Optimization Plan Completed transaction reflects continued execution toward a simplified and more efficient operating footprint. FORT LAUDERDALE, Florida, and BOISBRIAND, Québec, August 4, 2026 - Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) (“Vision Marine” or the “Company”), a marine technology and recreational boating company combining proprietary propulsion technology w…
Read attachment ↗tm2623387d1_ex99-2.htm · 6-K · 2026-08-17
Exhibit 99.2 Vision Marine Technologies Authorizes Share Repurchase Program to Enhance Capital Allocation Flexibility and Long-Term Shareholder Value TSXV-accepted normal course issuer bid reinforces the Company’s disciplined capital allocation strategy while maintaining flexibility to invest in future growth. BOISBRIAND, Québec / August 5, 2026 / Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) (“Vision Marine” or the “Company”), a marine technology and recreational boating company…
Read attachment ↗tm2620735d1_ex99-1.htm · 6-K · 2026-07-17
Exhibit 99.1 Vision Marine Technologies Delivers 27% Sequential Q3 Revenue Growth First nine months of fiscal 2026 generated $48.6 million in revenue, $11.8 million in gross profit at a 24.3% margin and $2.4 million in cash from operating activities. Boisbriand, Québec and Fort Lauderdale, Florida, July 13, 2026 - Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) (“Vision Marine” or the “Company”), a marine technology and recreational boating company combining proprietary high-voltag…
Read attachment ↗tm2620735d1_ex99-2.htm · 6-K · 2026-07-17
Exhibit 99.2 Vision Marine Technologies Completes US$16.3 Million At-the-Market Equity Offering Program Following ATM completion, Vision Marine reports approximately US$9.5 million in unrestricted consolidated cash; pending real estate transactions, if completed, are expected to generate approximately US$5.58 million in estimated net equity proceeds. BOISBRIAND, Québec, and FORT LAUDERDALE, Florida, July 14, 2026 - Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) (“Vision Marine” or…
Read attachment ↗