Vision Marine Technologies Inc. (VMAR)

VMAR Income Statement

Financials in millions USD. Fiscal year is September - August.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 30, 2025	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Revenue	29.42	13.83	2.79	4.2	5.62	2.78
Revenue Growth (YoY)	1244.87%	395.85%	-33.61%	-25.26%	102.25%	50.15%
Cost of Revenue	20.42	9.07	1.69	3.06	3.11	1.51
Gross Profit	9	4.77	1.1	1.14	2.51	1.27
Selling, General & Admin	17.8	13.14	8.05	10.66	8.3	4.52
Research & Development	1.08	1.18	2.01	4.24	1.72	1.18
Operating Expenses	20.33	15.08	10.83	16.18	12.28	11.48
Operating Income	-11.33	-10.31	-9.73	-15.04	-9.77	-10.21
Interest Expense	-1.89	-0.81	-0.18	-0.11	-0.14	-0.1
Interest & Investment Income	0.18	0.16	0.05	0.08	0.29	-
Earnings From Equity Investments	-0.38	-0.38	-	-	-	-
Currency Exchange Gain (Loss)	-0.32	-0.51	0.03	0.15	0.19	-1.25
Other Non Operating Income (Expenses)	5.1	6.07	6.84	1.08	0.11	0.12
EBT Excluding Unusual Items	-8.64	-5.78	-3	-13.82	-9.32	-11.44
Impairment of Goodwill	-15.08	-15.08	-6.37	-	-	-
Gain (Loss) on Sale of Investments	-	-	-1.26	-1.89	-0.51	-0.44
Gain (Loss) on Sale of Assets	-	-	0.07	-	-	-
Legal Settlements	-0.83	-0.83	-	-	-	-
Other Unusual Items	-0.29	0.05	-	-	-	-
Pretax Income	-24.84	-21.64	-10.56	-15.71	-9.83	-11.87
Income Tax Expense	-0.02	0.01	-0.18	-0.21	0.2	0.08
Net Income	-24.83	-21.65	-10.38	-15.5	-10.03	-11.96
Net Income to Common	-24.83	-21.65	-10.38	-15.5	-10.03	-11.96
Shares Outstanding (Basic)	0	0	-	-	-	-
Shares Outstanding (Diluted)	0	0	-	-	-	-
EPS (Basic)	-470.65	-981.33	-	-	-	-
EPS (Diluted)	-470.65	-981.33	-	-	-	-
Free Cash Flow	-3.19	-9.16	-8.72	-11.3	-9.31	-6.96
Free Cash Flow Per Share	-60.47	-415.06	-	-	-	-
Gross Margin	30.59%	34.46%	39.49%	27.09%	44.70%	45.65%
Operating Margin	-38.52%	-74.56%	-348.83%	-357.89%	-173.77%	-367.29%
Profit Margin	-84.38%	-156.53%	-372.20%	-369.01%	-178.37%	-430.13%
Free Cash Flow Margin	-10.84%	-66.20%	-312.72%	-268.85%	-165.59%	-250.32%
EBITDA	-10.22	-9.88	-9.43	-14.26	-9.55	-9.88
EBITDA Margin	-34.72%	-71.44%	-	-	-169.90%	-
D&A For EBITDA	1.12	0.43	0.3	0.78	0.22	0.33
EBIT	-11.33	-10.31	-9.73	-15.04	-9.77	-10.21
EBIT Margin	-38.52%	-74.56%	-	-	-173.77%	-

Updated Jan 13, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q