Vision Marine Technologies Inc. is a US-listed company in the automobile manufacturers industry. Its financial year ends in August.
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Vision Marine Technologies Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Vision Marine Technologies has little or no product revenue yet; it used $11m of cash in the twelve months. It passes 4 of our 5 financial-health checks.
Our model value for Vision Marine Technologies is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Current signal Revenue growth decelerating: TTM revenue growth slowed to -27.4% (-135.9pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for VMAR from the sources we follow. See filings →
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Next results: December 4, 2026, after the close.
No analyst estimates are published for Vision Marine Technologies Inc.: too few analysts cover it.
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Aug 2025 | −$8880.00 | $74082.76 | +934.3% |
| May 2025 | −$9560.00 | −$26120.00 | −173.2% |
| Nov 2024 | −$1295999.50 | −$78800.00 | +93.9% |
Adjusted EPS as companies report it, against the average analyst estimate.
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY18 Q4 | $995.5K |
| FY19 Q4 | $2.2M |
| FY20 Q4 | $1.8M |
| FY21 Q4 | $2.8M |
| FY22 Q4 | $5.8M |
| FY23 Q4 | $4.2M |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY19 Q4 | 117.5% |
| FY20 Q4 | -17.0% |
| FY21 Q4 | 54.3% |
| FY22 Q4 | 108.5% |
| FY23 Q4 | -27.4% |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY18 Q4 | 9.7% |
| FY19 Q4 | -10.0% |
| FY20 Q4 | -21.2% |
| FY21 Q4 | -250.3% |
| FY22 Q4 | -165.6% |
| FY23 Q4 | -264.5% |
| Fiscal year | 2018 Aug 2018 | 2019 Aug 2019 | 2020 Aug 2020 | 2021 Aug 2021 | 2022 Aug 2022 | 2023 Aug 2023 |
|---|---|---|---|---|---|---|
| Income | ||||||
| Revenue | 1 | 2 | 2 | 3 | 6 | 4 |
| Gross profit | 0 | 1 | 0 | 1 | 3 | 1 |
| Net income | −0 | 0 | −2 | −12 | −10 | −16 |
| Diluted EPS | — | — | −$0.42 | −$1.61 | −$1.24 | −$1.65 |
| Growth (year on year) | ||||||
| Revenue | — | +117.5% | −17.0% | +54.3% | +108.5% | −27.4% |
| Net income | — | — | <−999% | — | — | — |
| Margins | ||||||
| Gross margin | 39.5% | 44.8% | 25.0% | 45.7% | 44.7% | 27.2% |
| Net margin | −14.6% | 8.1% | −94.1% | −430.1% | −178.4% | −369.4% |
| Free-cash-flow margin | 9.7% | −10.0% | −21.2% | −250.3% | −165.6% | −264.5% |
| Cash flow | ||||||
| Cash from operations | 0 | −0 | −0 | −7 | −9 | −10 |
| Capital spending | 0 | 0 | 0 | 0 | 1 | 1 |
| Free cash flow | 0 | −0 | −0 | −7 | −10 | −11 |
| Stock-based pay | — | — | 1 | 6 | 2 | 1 |
| Free cash flow after stock pay | — | — | −1 | −13 | −12 | −12 |
| Balance sheet | ||||||
| Cash | 0 | 0 | 1 | 14 | 4 | 2 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Net debt (negative = net cash) | −0 | 0 | −1 | −14 | −4 | −2 |
| Diluted shares | 4m | 4m | 4m | 7m | 8m | 9m |
| Returned to shareholders | ||||||
| Buybacks | — | 0 | — | — | — | — |
| Total returned | — | 0 | — | — | — | — |
| Last 12 months unless stated | VMAR | FLYE | AIIO | EZGO | XOS | KNDI | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $4m | $16m | $950000 | $20m | $38m | $87m | $4.8bn |
| Revenue growth, last 12 months | −27.4% | −28.0% | −92.1% | 12.4% | −26.9% | −31.5% | 1.0% |
| Revenue growth, latest quarter | — | −48.4% | — | — | −74.2% | — | −2.0% |
| Gross margin | 27.2% | 16.4% | 62.5% | 6.5% | 12.7% | 42.6% | 13.6% |
| Operating margin | — | −51.4% | <−999% | −16.4% | −77.9% | −65.4% | −16.2% |
| Operating margin, 3-year average | — | −23.4% | — | — | −76.3% | — | 0.0% |
| Net margin | −369.4% | −67.9% | <−999% | −42.4% | −51.6% | −107.4% | −16.2% |
| Cash from operations / revenue | −247.9% | −53.1% | −533.3% | −10.8% | 3.3% | 110.7% | 3.4% |
| Free-cash-flow margin | −264.5% | −52.7% | −533.3% | −20.9% | 3.2% | 110.2% | 1.8% |
| Free-cash-flow margin, 3-year average | — | −37.7% | — | — | −30.6% | — | 4.0% |
| Stock pay / revenue | 20.1% | — | >999% | 0.7% | 22.3% | 8.1% | 1.2% |
| Change in share count | 11.4% | — | 8.1% | 117.1% | 39.7% | −3.1% | 0.6% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| HRT Financial LP | $43,000 | 23K | 96.9% | — |
| Royal Bank Of Canada | $1,000 | 0K | 2.3% | — |
| PNC Financial Services Group, Inc. | $378 | 0K | 0.9% | — |
| Fil Ltd | $2 | 0K | 0.0% | — |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Vision Marine Technologies Inc.'s complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Hrt Financial Lp 10% owner | July 9, 2026 | Sell | 34,746 | $1.25 | $43,432 |
| Hrt Financial Lp 10% owner | July 8, 2026 | Sell | 11,359 | $1.25 | $14,199 |
| Hrt Financial Lp 10% owner | July 7, 2026 | Buy | 10,533 | $1.39 | $14,641 |
| Hrt Financial Lp 10% owner | July 6, 2026 | Buy | 4,187 | $1.33 | $5,569 |
| Hrt Financial Lp 10% owner | July 2, 2026 | Buy | 23,534 | $1.50 | $35,301 |
| Hrt Financial Lp 10% owner | July 1, 2026 | Sell | 24,800 | $2.10 | $52,080 |
| Hrt Financial Lp 10% owner | June 30, 2026 | Sell | 8,671 | $1.97 | $17,082 |
| Hrt Financial Lp 10% owner | June 29, 2026 | Sell | 5,087 | $1.99 | $10,123 |
| Hrt Financial Lp 10% owner | June 26, 2026 | Buy | 876 | $1.98 | $1,734 |
| Hrt Financial Lp 10% owner | June 25, 2026 | Buy | 8,346 | $2.00 | $16,692 |
| Hrt Financial Lp 10% owner | June 24, 2026 | Sell | 679 | $2.24 | $1,521 |
| Hrt Financial Lp 10% owner | June 23, 2026 | Buy | 99 | $2.74 | $271 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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