Vision Marine Technologies Inc. (VMAR)

VMAR Cash Flow 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
Net Income	-24.83	-21.65	-10.38	-15.5	-10.03	-11.96
Depreciation & Amortization	1.82	1.13	0.74	0.78	0.72	0.33
Other Amortization	0.01	0.01	0.01	-	0.01	-
Loss (Gain) From Sale of Assets	-	-	0.08	0.13	-	-
Asset Writedown & Restructuring Costs	15.08	15.08	6.37	-	-	-
Loss (Gain) From Sale of Investments	-	-	1.26	-	-	-
Stock-Based Compensation	1.34	1.71	1.22	2.09	2.52	5.72
Other Operating Activities	-4.24	-5.84	-7.06	0.14	0.36	0.57
Change in Accounts Receivable	0.13	0.11	0.19	-0.05	-0.12	-0.18
Change in Inventory	8.35	2.95	-2.76	-0.21	-0.09	-1.16
Change in Accounts Payable	1.24	-1.31	2.28	0.51	0.14	0.08
Change in Unearned Revenue	0.59	0.39	-0.05	0.55	0.1	0.31
Change in Other Net Operating Assets	-2.4	-1.51	-0.18	0.98	-2.03	-0.24
Operating Cash Flow	-2.91	-8.93	-8.28	-10.57	-8.41	-6.53
Capital Expenditures	-0.28	-0.23	-0.44	-0.73	-0.9	-0.43
Sale of Property, Plant & Equipment	-	-	0.09	0.3	0.19	0.03
Cash Acquisitions	1.87	1.87	-	-	-	-3.98
Divestitures	-	-	0.72	-	-	-
Sale (Purchase) of Intangibles	-0.11	-0.1	-0.05	-	-0.02	-0.42
Investment in Securities	-	-	-	-	-	-2.69
Investing Cash Flow	5.31	1.54	0.33	-0.43	-0.74	-7.49
Short-Term Debt Issued	-	1.07	-	0.11	-	-
Long-Term Debt Issued	-	0.21	0.39	0.19	0.22	-
Total Debt Issued	1.36	1.28	0.39	0.31	0.22	-
Short-Term Debt Repaid	-	-10.53	-0.11	-	-	-0.13
Long-Term Debt Repaid	-	-1.08	-0.79	-0.69	-0.64	-0.57
Total Debt Repaid	-22.38	-11.61	-0.9	-0.69	-0.64	-0.7
Net Debt Issued (Repaid)	-21.01	-10.33	-0.52	-0.39	-0.42	-0.7
Issuance of Common Stock	20.16	25.1	1.33	9.41	0.01	28.05
Other Financing Activities	0.06	-0.01	0.07	-	0.14	-
Financing Cash Flow	-0.79	14.76	5.52	9.03	-0.28	27.35
Net Cash Flow	1.61	7.37	-2.44	-1.97	-9.42	13.33
Free Cash Flow	-3.19	-9.16	-8.72	-11.3	-9.31	-6.96
Free Cash Flow Margin	-10.84%	-66.20%	-312.72%	-268.85%	-165.59%	-250.32%
Free Cash Flow Per Share	-60.47	-415.06	-	-	-	-
Cash Income Tax Paid	0.02	0.02	0	0.01	0.29	-0.01
Levered Free Cash Flow	-29.07	-7.97	-8.46	-1.6	-5.77	-1.69
Unlevered Free Cash Flow	-27.89	-7.46	-8.35	-1.53	-5.68	-1.63
Change in Working Capital	7.91	0.62	-0.52	1.79	-1.99	-1.2

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

SEC Filings: 10-K · 10-Q