VMAR
Vision Marine Technologies Inc
NASDAQ: VMAR · CONSUMER CYCLICAL · RECREATIONAL VEHICLES
$1.33
+17.70% today
Updated 2026-04-30
Market cap
$1.87M
P/E ratio
—
P/S ratio
0.04x
EPS (TTM)
$-582.82
Dividend yield
—
52W range
$1 – $355
Volume
0.1M
Vision Marine Technologies Inc (VMAR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.29M | $2.88M | $2.36M | $3.48M | $7.59M | $5.68M | $3.76M | $19.00M |
| Revenue growth (YoY) | — | +122.7% | -18.2% | +47.6% | +118.1% | -25.1% | -33.8% | +404.9% |
| Cost of revenue | $890007.00 | $1.96M | $1.79M | $2.07M | $4.47M | $4.73M | $6.61M | $18.59M |
| Gross profit | $402717.00 | $913833.00 | $561901.00 | $1.41M | $3.11M | $952841.00 | $-2.84M | $406256.00 |
| Gross margin | 31.2% | 31.7% | 23.8% | 40.4% | 41.0% | 16.8% | -75.6% | 2.1% |
| R&D | — | — | $0.00 | $1.48M | $2.31M | $5.74M | $2.72M | $1.63M |
| SG&A | $396152.00 | $789146.00 | $2.49M | $11.84M | $11.58M | $8.92M | $6.72M | $9.37M |
| Operating income | $-6224.00 | $334777.00 | $-2.10M | $-12.71M | $-13.18M | $-20.36M | $-16.41M | $-14.17M |
| Operating margin | -0.5% | 11.6% | -89.2% | -365.2% | -173.8% | -358.2% | -436.0% | -74.6% |
| EBITDA | $36808.00 | $368205.00 | $-1.93M | $-14.32M | $-12.09M | $-20.07M | $-12.98M | $-27.57M |
| EBITDA margin | 2.8% | 12.8% | -81.8% | -411.8% | -159.3% | -353.1% | -344.9% | -145.1% |
| EBIT | $5934.00 | $332983.00 | $-2.09M | $-14.74M | $-13.08M | $-21.14M | $-14.00M | $-28.62M |
| Interest expense | $40615.00 | $34568.00 | $104393.00 | $121864.00 | $190843.00 | $142923.00 | $247655.00 | $1.11M |
| Income tax | $154257.00 | $64593.00 | $20768.00 | $104530.00 | $266654.00 | $-282467.00 | $-241500.00 | $10827.00 |
| Effective tax rate | -444.8% | 21.6% | -0.9% | -0.7% | -2.0% | 1.3% | 1.7% | -0.0% |
| Net income | $-188939.00 | $233819.00 | $-2.22M | $-14.96M | $-13.53M | $-21.00M | $-14.01M | $-29.74M |
| Net income growth (YoY) | — | +223.8% | -1048.6% | -574.6% | +9.5% | -55.1% | +33.3% | -112.4% |
| Profit margin | -14.6% | 8.1% | -94.1% | -430.1% | -178.4% | -369.4% | -372.2% | -156.5% |