Vision Marine Technologies Inc. (VMAR)

VMAR Balance Sheet

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
Cash & Equivalents	2.3	7.42	0.05	2.48	4.45	14.36
Cash & Short-Term Investments	2.3	7.42	0.05	2.48	4.45	14.36
Cash Growth	234.35%	15755.14%	-98.11%	-44.28%	-68.97%	1345.50%
Accounts Receivable	6.92	10.81	0.02	0.41	0.08	0.02
Other Receivables	0.13	0.1	0.12	0.1	0.83	0.35
Receivables	7.05	10.91	0.14	0.51	0.91	0.37
Inventory	35.79	39.57	5.93	1.81	1.6	1.56
Prepaid Expenses	0.81	1.08	0.27	1.46	1.89	0.43
Other Current Assets	-	-	-	0.01	0.01	0.15
Total Current Assets	45.95	58.97	6.38	6.27	8.87	16.87
Property, Plant & Equipment	13.17	10.38	1.36	3.56	3.43	3.42
Long-Term Investments	-	-	-	-	1.86	2.25
Goodwill	-	-	-	7.15	7.15	7.15
Other Intangible Assets	0.46	0.48	0.64	0.71	0.85	0.97
Long-Term Deferred Tax Assets	-	-	0.06	0.07	-	0.01
Other Long-Term Assets	0.08	0.08	0	0.08	0.09	0.03
Total Assets	59.66	69.91	8.46	17.84	22.25	30.69
Accounts Payable	8.95	8.05	2.88	1.3	0.56	0.44
Accrued Expenses	0.34	0.56	0.46	-	0.22	0.23
Short-Term Debt	22.28	-	-	0.11	-	-
Current Portion of Long-Term Debt	0.84	0.66	0.08	0.2	0.06	0.01
Current Portion of Leases	2.46	1.67	0.09	0.48	0.43	0.44
Current Income Taxes Payable	-	-	-	-	0	0.11
Current Unearned Revenue	5.9	5.67	0.61	1.34	0.79	0.71
Other Current Liabilities	0.47	33.09	1.75	4.26	0.14	0.19
Total Current Liabilities	41.24	49.7	5.86	7.69	2.2	2.13
Long-Term Debt	1.26	1.37	0.26	0.02	0.12	0.04
Long-Term Leases	7.67	5.34	0.1	1.47	1.42	1.9
Long-Term Deferred Tax Liabilities	0	0.01	-	0.05	0.14	0.1
Other Long-Term Liabilities	5.23	5.05	-	-	-	-
Total Liabilities	55.41	61.46	6.23	9.24	3.88	4.17
Common Stock	67.26	67.12	42	38.34	33.22	33.88
Additional Paid-In Capital	11.98	11.79	9.41	9.12	8.08	6.22
Retained Earnings	-75.89	-71.58	-49.93	-39.55	-23.46	-13.89
Comprehensive Income & Other	0.91	1.13	0.75	0.69	0.53	0.31
Shareholders' Equity	4.25	8.45	2.23	8.61	18.38	26.52
Total Liabilities & Equity	59.66	69.91	8.46	17.84	22.25	30.69
Total Debt	34.51	9.04	0.53	2.29	2.02	2.4
Net Cash (Debt)	-32.21	-1.62	-0.49	0.19	2.43	11.96
Net Cash Growth	-	-	-	-92.19%	-79.65%	-
Net Cash Per Share	-610.66	-73.32	-	-	-	-
Filing Date Shares Outstanding	0.93	0.13	-	-	-	-
Total Common Shares Outstanding	0.13	0.12	-	-	-	-
Working Capital	4.7	9.28	0.52	-1.42	6.67	14.73
Book Value Per Share	33.98	68.89	-	-	-	-
Tangible Book Value	3.79	7.97	1.59	0.74	10.37	18.4
Tangible Book Value Per Share	30.27	64.97	-	-	-	-
Machinery	5.01	5.03	1.42	1.95	1.8	1.23
Leasehold Improvements	0.68	0.62	0.28	0.27	0.2	0.1

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

SEC Filings: 10-K · 10-Q