Vision Marine Technologies Inc. (VMAR)

VMAR Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Cash & Equivalents	0.81	7.42	0.05	2.48	4.45	14.36
Cash & Short-Term Investments	0.81	7.42	0.05	2.48	4.45	14.36
Cash Growth	-89.72%	15755.14%	-98.11%	-44.28%	-68.97%	1345.50%
Accounts Receivable	6.93	10.81	0.02	0.41	0.08	0.02
Other Receivables	0.23	0.1	0.12	0.1	0.83	0.35
Receivables	7.16	10.91	0.14	0.51	0.91	0.37
Inventory	23.51	39.57	5.93	1.81	1.6	1.56
Prepaid Expenses	1.01	1.08	0.27	1.46	1.89	0.43
Restricted Cash	0.4	-	-	-	-	-
Other Current Assets	-	-	-	0.01	0.01	0.15
Total Current Assets	32.9	58.97	6.38	6.27	8.87	16.87
Property, Plant & Equipment	11.53	10.38	1.36	3.56	3.43	3.42
Long-Term Investments	-	-	-	-	1.86	2.25
Goodwill	0.19	-	-	7.15	7.15	7.15
Other Intangible Assets	0.49	0.48	0.64	0.71	0.85	0.97
Long-Term Deferred Tax Assets	0.01	-	0.06	0.07	-	0.01
Other Long-Term Assets	0.13	0.08	0	0.08	0.09	0.03
Total Assets	45.24	69.91	8.46	17.84	22.25	30.69

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Accounts Payable	7.99	8.05	2.88	1.3	0.56	0.44
Accrued Expenses	0.35	0.56	0.46	-	0.22	0.23
Short-Term Debt	10.17	-	-	0.11	-	-
Current Portion of Long-Term Debt	1.2	0.66	0.08	0.2	0.06	0.01
Current Portion of Leases	2.53	1.67	0.09	0.48	0.43	0.44
Current Income Taxes Payable	-	-	-	-	0	0.11
Current Unearned Revenue	3.63	5.67	0.61	1.34	0.79	0.71
Other Current Liabilities	0.17	33.09	1.75	4.26	0.14	0.19
Total Current Liabilities	26.04	49.7	5.86	7.69	2.2	2.13
Long-Term Debt	1.13	1.37	0.26	0.02	0.12	0.04
Long-Term Leases	6.39	5.34	0.1	1.47	1.42	1.9
Long-Term Deferred Tax Liabilities	-	0.01	-	0.05	0.14	0.1
Other Long-Term Liabilities	5.66	5.05	-	-	-	-
Total Liabilities	39.22	61.46	6.23	9.24	3.88	4.17

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Common Stock	76.12	67.12	42	38.34	33.22	33.88
Additional Paid-In Capital	12.36	11.79	9.41	9.12	8.08	6.22
Retained Earnings	-83.47	-71.58	-49.93	-39.55	-23.46	-13.89
Comprehensive Income & Other	1.02	1.13	0.75	0.69	0.53	0.31
Shareholders' Equity	6.03	8.45	2.23	8.61	18.38	26.52
Total Liabilities & Equity	45.24	69.91	8.46	17.84	22.25	30.69

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Total Debt	21.42	9.04	0.53	2.29	2.02	2.4
Net Cash (Debt)	-20.6	-1.62	-0.49	0.19	2.43	11.96
Net Cash Growth	-	-	-	-92.19%	-79.65%	-
Filing Date Shares Outstanding	2.27	0.01	-	-	-	-
Total Common Shares Outstanding	0.35	0.01	-	-	-	-
Working Capital	6.86	9.28	0.52	-1.42	6.67	14.73
Book Value Per Share	17.20	688.87	-	-	-	-
Tangible Book Value	5.35	7.97	1.59	0.74	10.37	18.4
Tangible Book Value Per Share	15.27	649.64	-	-	-	-
Machinery	4.66	5.03	1.42	1.95	1.8	1.23
Leasehold Improvements	0.69	0.62	0.28	0.27	0.2	0.1

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Apr 14, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 14, 2026

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