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
Period Ending	Feb 28, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023
Cash & Equivalents	4.06	7.42	0.05	2.48
Cash & Short-Term Investments	4.06	7.42	0.05	2.48
Cash Growth	-73.50%	15755.14%	-98.11%	-
Accounts Receivable	0.56	0.48	0.1	0.41
Other Receivables	6.57	10.4	0	0.09
Total Trade Receivables	7.13	10.88	0.11	0.49
Inventory	30.24	36.87	4.6	1.81
Other Current Assets	4.06	3.8	1.63	1.49
Total Current Assets	45.49	58.97	6.38	6.27
Net Property, Plant & Equipment	12.29	10.38	1.36	3.56
Other Intangible Assets	0.51	0.48	0.64	0.71
Goodwill	0.19	-	-	7.15
Long-Term Investments	0.14	0.08	0	0.08
Other Long-Term Assets	0.01	-	0.06	0.07
Total Assets	58.63	69.91	8.46	17.84
Accounts Payable	7.57	8.61	3.33	1.3
Short-Term Debt	18.15	32.51	0.06	0.11
Current Portion of Long-Term Debt	0.43	0.66	0.08	0.2
Current Portion of Leases	2.5	1.67	0.09	0.48
Unearned Revenue	6.37	5.67	0.61	1.34
Other Current Liabilities	0.51	0.58	1.68	4.26
Total Current Liabilities	35.53	49.7	5.86	7.69
Long-Term Debt	1.23	1.37	0.26	0.02
Long-Term Leases	7.04	5.34	0.1	1.47
Other Long-Term Liabilities	5.35	5.05	-	0.05
Total Long-Term Liabilities	13.61	11.77	0.37	1.55
Total Liabilities	49.14	61.46	6.23	9.24
Common Stock	73.73	67.14	42.03	38.34
Additional Paid-in Capital	12.34	11.79	9.41	9.12
Accumulated Other Comprehensive Income	1.18	1.1	0.72	0.69
Retained Earnings	-77.76	-71.58	-49.93	-39.55
Shareholders' Equity	9.49	8.45	2.23	8.61
Total Liabilities & Equity	58.63	69.91	8.46	17.84
Total Debt	29.34	41.55	0.6	2.29
Net Cash (Debt)	-25.28	-34.13	-0.55	0.19
Net Cash Per Share	-101.39	-1546.83	-2396.86	1092.02
Book Value	9.49	8.45	2.23	8.61
Book Value Per Share	38.06	383.02	9742.89	49469.80
Tangible Book Value	8.79	7.97	1.59	0.74
Tangible Book Value Per Share	35.25	361.21	6929.47	4256.86

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

SEC Filings: 10-K · 10-Q