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
Period Ending	Feb 28, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022
Revenue	31.77	10.07	2.07	3.11	5.59
Revenue Growth (YoY)	1766.57%	386.90%	-33.51%	-44.40%	-
Cost of Revenue	21.99	6.6	1.25	2.27	3.09
Gross Profit	9.78	3.47	0.82	0.84	2.5
Selling, General & Admin	14.63	9.59	6.08	8.51	10.31
Depreciation & Amortization Expenses	1.54	0.52	0.45	0.32	0.2
Research & Development	0.26	0.86	1.49	3.14	1.71
Other Operating Expenses	10.98	11.25	4.67	-	-
Total Operating Expenses	27.41	22.23	12.7	11.97	12.22
Operating Income	-17.63	-18.76	-11.89	-11.13	-9.72
Total Non-Operating Income (Expense)	1.5	3.01	4.06	-0.5	-0.06
Pretax Income	-16.45	-15.75	-7.83	-11.63	-9.78
Provision for Income Taxes	-0.02	0.01	-0.13	-0.15	0.2
Net Income	-16.43	-15.76	-7.7	-11.48	-9.98
Net Income to Common	-16.43	-15.76	-7.7	-11.48	-9.98
Shares Outstanding (Basic)	0	0	0	0	0
Shares Outstanding (Diluted)	0	0	0	0	0
Shares Change (YoY)	5234.48%	9542.43%	31.53%	12.31%	-
EPS (Basic)	-617.96	-981.20	-45547.30	-88826.70	-64408.00
EPS (Diluted)	-617.96	-981.20	-45547.30	-88826.70	-64408.00
Shares Outstanding	0.46	0.12	0	0	15.59
Free Cash Flow	-0.37	-9.16	-8.72	-11.3	-12.17
Free Cash Flow Per Share	-1.48	-415.05	-38125.10	-64933.60	-78583.30
Gross Margin	30.76%	34.46%	39.49%	27.09%	44.70%
Operating Margin	-55.35%	-186.34%	-574.85%	-357.89%	-173.77%
Profit Margin	-51.65%	-156.53%	-372.20%	-369.01%	-178.37%
FCF Margin	-0.84%	-66.20%	-312.72%	-268.85%	-165.59%
EBITDA	-22.14	-25.01	-15.28	-14.26	-11.82
EBITDA Margin	-50.53%	-180.82%	-547.74%	-339.29%	-160.77%
EBIT	-17.63	-18.76	-11.89	-11.13	-9.72
EBIT Margin	-55.35%	-186.34%	-574.85%	-357.89%	-173.77%
Effective Tax Rate	0.10%	-0.04%	1.70%	1.32%	-2.01%

Updated Feb 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q