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
Period Ending	Feb 28, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022
Net Income	-22.63	-21.65	-10.38	-15.5	-13.11
Depreciation & Amortization	2.11	0.76	0.76	0.78	0.96
Stock-Based Compensation	0.75	1.71	1.22	2.09	3.3
Other Adjustments	7.61	9.64	0.65	0.28	0.84
Change in Receivables	0.16	0.11	0.19	-0.05	-0.15
Changes in Inventories	10.67	2.95	-2.76	-0.21	-0.12
Changes in Accounts Payable	0.85	-1.31	2.28	0.51	0.18
Changes in Income Taxes Payable	-	-0.02	-0	-0.01	-0.37
Changes in Unearned Revenue	0.97	0.39	-0.05	0.55	0.13
Changes in Other Operating Activities	-0.47	-1.51	-0.18	0.98	-2.65
Operating Cash Flow	0.14	-8.93	-8.28	-10.57	-11
Capital Expenditures	-0.51	-0.23	-0.44	-0.73	-1.18
Sale of Property, Plant & Equipment	3.83	-	0.09	0.3	0.24
Purchases of Intangible Assets	-0.13	-0.1	-0.05	-	-0.03
Payments for Business Acquisitions	0.01	1.87	-	-	-
Proceeds from Business Divestments	-	-	0.72	-	-
Investing Cash Flow	5.09	1.54	0.33	-0.43	-0.96
Short-Term Debt Issued	0.13	1.07	-	-	-
Short-Term Debt Repaid	-14.49	-10.53	-	-	-
Net Short-Term Debt Issued (Repaid)	-14.36	-9.46	-	-	-
Long-Term Debt Issued	0.18	0.21	0.27	0.31	0.46
Long-Term Debt Repaid	-0.92	-0.59	-0.23	-0.15	-0.14
Net Long-Term Debt Issued (Repaid)	-0.74	-0.39	0.04	0.15	0.32
Issuance of Common Stock	7.22	25.1	1.33	9.41	0.01
Net Common Stock Issued (Repurchased)	7.22	25.1	1.33	9.41	0.01
Issuance of Preferred Stock	-	-	4.63	-	-
Net Preferred Stock Issued (Repurchased)	-	-	4.63	-	-
Other Financing Activities	-1.87	-0.49	-0.48	-0.54	-0.7
Financing Cash Flow	-19.3	14.76	5.52	9.03	-0.36
Net Cash Flow	-11.25	7.37	-2.44	-1.97	-12.32
Free Cash Flow	-0.37	-9.16	-8.72	-11.3	-12.17
FCF Margin	-0.84%	-66.20%	-312.72%	-268.85%	-165.59%
Free Cash Flow Per Share	-1.48	-415.05	-38125.10	-64933.60	-78583.30
Levered Free Cash Flow	-24.11	-30.47	-10.75	-13.48	-15.83
Unlevered Free Cash Flow	-10.6	-24.75	-16.17	-12.96	-16.08

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

SEC Filings: 10-K · 10-Q