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Vision Marine Technologies Inc. logo

Vision Marine Technologies Inc.

VMAR

NASDAQConsumer CyclicalAuto - Recreational Vehicles

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Previous close

$0.671

−$0.0325 · -4.62%

Aug 21, 4:00 PM ET

Pre-market

$0.6498

−$0.0212 · -3.16%

Aug 24, 8:44 AM ET

VMAR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

65

Undervalued

Momentum

26

Weakening

Sentiment

54

Mixed

Risk resilience

34

High Risk

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Company profile

Company website

Vision Marine Technologies Inc. designs, develops, manufactures, rents, and sells electric boats in Canada, the United States, and internationally. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; and manufactures customized boats. The company provides its products through website and distributors. It serves original equipment manufacturers, retail customer, boat clubs, and boat rental operations. The company was formerly known as Riopel Marine Inc. and changed its name to Vision Marine Technologies Inc. in April 2020. Vision Marine Technologies Inc. was founded in 1995 and is headquartered in Boisbriand, Canada.

Industry
Auto - Recreational Vehicles
Sector
Consumer Cyclical
Headquarters
CA
CEO
Alexandre Mongeon
Listed since
Nov 23, 2020
Employees
154

Market position

Day range

Current $0.671

52-week range

Current $0.671

Open
$0.70
Previous close
$0.7035
Volume
300.88K
0.09× average
Average volume
3.32M
Average daily volume
Market cap
487.85K USD
Beta
0.16
Market reference 1
50-day average
$1.3376
-49.83% below average
200-day average
$82.7366
-99.19% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
29.73M USD
P/E (TTM)
-0×
P/B (TTM)
0.02×
P/S (TTM)
0.01×
EV / EBITDA
-1.48×
Earnings yield
-1791.11%
Free cash flow yield
-757.55%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
13.11%
Operating margin
-18.46%
Net margin
-34.25%
Return on equity
-351.94%
Return on assets
-42.54%
Return on invested capital
-25.73%

Financial health

Debt / equity
4.49×
Current ratio
1.19×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends89%-102%-293%-484%Gross margin, FY2021: 40.39%Gross margin, FY2022: 41.04%Gross margin, FY2023: 16.76%Gross margin, FY2024: -75.58%Gross margin, FY2025: 2.14%Operating margin, FY2021: -365.24%Operating margin, FY2022: -173.77%Operating margin, FY2023: -358.19%Operating margin, FY2024: -436.00%Operating margin, FY2025: -74.56%Net margin, FY2021: -430.13%Net margin, FY2022: -178.37%Net margin, FY2023: -369.41%Net margin, FY2024: -372.20%Net margin, FY2025: -156.53%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 40.39%. Gross margin FY2022 41.04%. Gross margin FY2023 16.76%. Gross margin FY2024 -75.58%. Gross margin FY2025 2.14%. Operating margin FY2021 -365.24%. Operating margin FY2022 -173.77%. Operating margin FY2023 -358.19%. Operating margin FY2024 -436.00%. Operating margin FY2025 -74.56%. Net margin FY2021 -430.13%. Net margin FY2022 -178.37%. Net margin FY2023 -369.41%. Net margin FY2024 -372.20%. Net margin FY2025 -156.53%.

Income trends

Revenue

13.83M USD+267.61%

Operating income

−10.31M USD+37.14%

Net income

−21.65M USD-54.60%
Income trends across reported periods17.38M USD3.19M USD−11.01M USD−25.2M USDRevenue, FY2021: 3.48M USDRevenue, FY2022: 7.59M USDRevenue, FY2023: 5.68M USDRevenue, FY2024: 3.76M USDRevenue, FY2025: 13.83M USDOperating income, FY2021: −12.71M USDOperating income, FY2022: −13.18M USDOperating income, FY2023: −20.36M USDOperating income, FY2024: −16.41M USDOperating income, FY2025: −10.31M USDNet income, FY2021: −14.96M USDNet income, FY2022: −13.53M USDNet income, FY2023: −21M USDNet income, FY2024: −14.01M USDNet income, FY2025: −21.65M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.48M USD. Revenue FY2022 7.59M USD. Revenue FY2023 5.68M USD. Revenue FY2024 3.76M USD. Revenue FY2025 13.83M USD. Operating income FY2021 −12.71M USD. Operating income FY2022 −13.18M USD. Operating income FY2023 −20.36M USD. Operating income FY2024 −16.41M USD. Operating income FY2025 −10.31M USD. Net income FY2021 −14.96M USD. Net income FY2022 −13.53M USD. Net income FY2023 −21M USD. Net income FY2024 −14.01M USD. Net income FY2025 −21.65M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue13.83M USD3.76M USD5.68M USD7.59M USD3.48M USD
Cost of goods sold13.54M USD6.61M USD4.73M USD4.47M USD2.07M USD
Gross profit295.76K USD−2.84M USD952.84K USD3.11M USD1.41M USD
Research and development1.18M USD2.72M USD5.74M USD2.31M USD1.48M USD
Selling, general, and administrative9.43M USD10.85M USD15.57M USD13.98M USD12.64M USD
Operating expenses10.61M USD13.56M USD21.31M USD16.3M USD14.11M USD
Interest income156.67K USD63.59K USD113.98K USD391.49K USD—
Interest expense810.73K USD247.66K USD142.92K USD190.84K USD121.86K USD
Depreciation and amortization763.98K USD1.02M USD1.07M USD986.26K USD412.87K USD
Operating income−10.31M USD−16.41M USD−20.36M USD−13.18M USD−12.71M USD
Net income−21.65M USD−14.01M USD−21M USD−13.53M USD−14.96M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-34135.27%
11 comparable reports
Latest EPS result
-29.1
Estimate -686.83 · Beat by 95.76%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.01-348.2-696.39-1,044.57Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 13, 2025: actual -57.2, estimate -967.2, surprise +94.09%, Beat. Q2 2025, reported Apr 8, 2025: actual -10.42, estimate -932.67, surprise +98.88%, Beat. Q3 2025, reported Jul 11, 2025: actual -18.6, estimate -6.68, surprise -178.44%, Miss. Q4 2025, reported Dec 1, 2025: actual -27.43, estimate -0.016, surprise -176895.67%, Miss. Q1 2026, reported Jan 13, 2026: actual -2.47, estimate -0.016, surprise -15075.66%, Miss. Q2 2026, reported Apr 14, 2026: actual -23.2, estimate -653.39, surprise +96.45%, Beat. Q3 2026, reported Jul 13, 2026: actual -29.1, estimate -686.83, surprise +95.76%, Beat. Q4 2026, reported Nov 27, 2026: actual —, estimate -609, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates20.2M13.49M6.77M58.72KQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 13, 2025: actual 102.21K USD, estimate 1.07M USD, surprise -90.45%, Miss. Q2 2025, reported Apr 8, 2025: actual 69.09K USD, estimate 967.22K USD, surprise -92.86%, Miss. Q3 2025, reported Jul 11, 2025: actual 207.68K USD, estimate 290.92K USD, surprise -28.61%, Miss. Q4 2025, reported Dec 1, 2025: actual 9.68M USD, estimate 509.25K USD, surprise +1801.28%, Beat. Q1 2026, reported Jan 13, 2026: actual 15.58M USD, estimate 572K USD, surprise +2623.85%, Beat. Q2 2026, reported Apr 14, 2026: actual 14.63M USD, estimate 732.5K USD, surprise +1897.72%, Beat. Q3 2026, reported Jul 13, 2026: actual 18.71M USD, estimate 1.01M USD, surprise +1744.67%, Beat. Q4 2026, reported Nov 27, 2026: actual —, estimate 1.38M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

1 institution
Ascendiant CapitalmaintainBuy

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