VMAR revenueFY2023C$5.65M
- FY YoY
- -23.1%
- 5Y CAGR
- +34.8%
VMAR revenue was C$5.65M for fiscal 2023 (ended Aug 31, 2023), down 23.1% from fiscal 2022. Compound annual growth was +34.8% over 5 years. It rose in 3 of the last 5 fiscal years.
Vision Marine Technologies Inc. (VMAR) financials
For fiscal 2023 (ended Aug 31, 2023), Vision Marine Technologies Inc. reported C$5.65M of revenue and -C$20.88M of net income. Figures are in CAD, the currency of its SEC filings.
- Revenue, FY2023
- C$5.65M
- Revenue growth, YoY
- -23.1%
- Net income, FY2023
- -C$20.88M
- Net margin
- -369.4%
- Free cash flow, FY2023
- -C$14.95M
- EPS, diluted, FY2023
- -C$2.22
- Cash
- C$3.36M
- Total debt
- C$305.3K
FY2018FY2023
FY2018FY2023
FY2018FY2023
VMAR revenue and earnings growth
VMAR net incomeFY2023-C$20.88M
VMAR net income was -C$20.88M for fiscal 2023 (ended Aug 31, 2023), compared with -C$13.11M in fiscal 2022.
VMAR EPSFY2023-C$2.22
VMAR diluted EPS was -C$2.22 for fiscal 2023 (ended Aug 31, 2023), compared with -C$1.58 in fiscal 2022.
VMAR free cash flowFY2023-C$14.95M
VMAR free cash flow was -C$14.95M for fiscal 2023 (ended Aug 31, 2023), compared with -C$12.17M in fiscal 2022.
Vision Marine Technologies Inc. filed a newer annual report (20-F, Nov 28, 2025) than these figures. It has no data we can read, so see it on SEC EDGAR.
Income statement
| Line item | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | Aug 31, 2018 |
|---|---|---|---|---|---|---|
| Revenue | C$5.65M | C$7.35M | C$3.51M | C$2.42M | C$2.87M | C$1.27M |
| Cost of revenue | C$4.02M | C$4.07M | C$1.91M | C$1.81M | C$1.58M | C$769.8K |
| Gross profit | C$1.54M | C$3.29M | C$1.60M | C$604.4K | C$1.29M | C$501.7K |
| Research and development | C$5.70M | C$2.24M | C$1.49M | - | - | - |
| Selling, general and admin | C$3.10M | C$1.95M | C$1.24M | C$194.9K | C$69.7K | C$55.3K |
| Pre-tax income | -C$21.16M | -C$12.85M | -C$15.01M | -C$2.25M | C$297.5K | -C$34.1K |
| Income tax | -C$280.9K | C$258.3K | C$105.6K | C$21.3K | C$64.4K | C$151.7K |
| Net income | -C$20.88M | -C$13.11M | -C$15.11M | -C$2.28M | C$233.1K | -C$185.8K |
| EPS, basic | -C$2.25 | -C$1.58 | -C$2.04 | -C$0.56 | - | - |
| EPS, diluted | -C$2.22 | -C$1.58 | -C$2.04 | -C$0.56 | - | - |
| Diluted shares | 9.3M | 8.3M | 7.4M | 4.2M | 3.7M | 3.7M |
Balance sheet
| Line item | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | Aug 31, 2018 |
|---|---|---|---|---|---|---|
| Cash and equivalents | C$3.36M | C$5.82M | C$18.15M | C$1.30M | C$37.5K | C$37.5K |
| Receivables | C$550.8K | C$472.5K | C$319.7K | C$79.0K | C$101.8K | - |
| Inventory | C$2.45M | C$2.09M | C$1.98M | C$491.5K | C$818.8K | - |
| Current assets | C$8.49M | C$11.60M | C$21.32M | C$2.44M | C$1.37M | - |
| Goodwill | C$9.68M | C$9.35M | C$9.03M | - | - | - |
| Total assets | C$24.05M | C$29.10M | C$38.80M | C$3.63M | C$1.91M | - |
| Current liabilities | C$4.85M | C$2.87M | C$2.69M | C$1.91M | C$1.46M | - |
| Short-term debt | C$271.5K | C$72.1K | C$10.2K | C$57.2K | C$17.6K | - |
| Long-term debt | C$33.8K | C$155.3K | C$53.9K | C$354.5K | C$125.9K | - |
| Total debt | C$305.3K | C$227.3K | C$64.1K | C$411.7K | C$143.5K | - |
| Total liabilities | C$12.48M | C$5.07M | C$5.28M | C$2.84M | C$2.05M | - |
| Shareholders' equity | C$11.56M | C$24.03M | C$33.53M | C$791.9K | -C$132.3K | -C$402.8K |
Cash flow
| Line item | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | Aug 31, 2018 |
|---|---|---|---|---|---|---|
| Operating cash flow | -C$14.01M | -C$11.00M | -C$8.25M | -C$434.7K | -C$112.4K | C$125.0K |
| Capital expenditures | C$938.8K | C$1.18M | C$544.4K | C$78.0K | C$176.0K | C$1.8K |
| Free cash flow | -C$14.95M | -C$12.17M | -C$8.80M | -C$512.6K | -C$288.3K | C$123.3K |
| Investing cash flow | -C$537.0K | -C$964.5K | -C$9.47M | -C$37.7K | -C$109.2K | -C$108.4K |
| Financing cash flow | C$12.08M | -C$361.8K | C$34.57M | C$1.73M | C$259.1K | -C$16.7K |
| Share repurchases | - | - | - | - | C$75 | - |
| Stock-based compensation | C$1.14M | C$2.70M | C$7.12M | C$740.0K | - | - |
Key ratios
| Line item | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | Aug 31, 2018 |
|---|---|---|---|---|---|---|
| Revenue growth, YoY | -23.1% | 109.2% | 45.4% | -15.8% | 125.7% | - |
| Gross margin | 27.2% | 44.7% | 45.7% | 25.0% | 44.8% | 39.5% |
| Net margin | -369.4% | -178.4% | -430.1% | -94.1% | 8.1% | -14.6% |
| Free cash flow margin | -264.5% | -165.6% | -250.3% | -21.2% | -10.0% | 9.7% |
| Return on equity | -180.5% | -54.6% | -45.1% | -287.3% | - | - |
| Return on assets | -86.8% | -45.1% | -39.0% | -62.7% | 12.2% | - |
| Current ratio | 1.75 | 4.04 | 7.91 | 1.28 | 0.94 | - |
| Debt to equity | 0.03 | 0.01 | 0.00 | 0.52 | - | - |
Source: XBRL data Vision Marine Technologies Inc. files with the SEC, latest filing dated Apr 5, 2024 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
VMAR peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| VMAR | C$5.65M | -23.1% | -C$20.88M | -369.4% | $3.4M |
| GD | $56.52B | +9.7% | $4.66B | 8.2% | $95.67B |
| RCL | $19.13B | +9.7% | $4.55B | 23.8% | $87.50B |
| CCL | $27.59B | +5.2% | $3.14B | 11.4% | $39.77B |
| VIK | $6.50B | +21.9% | $1.15B | 17.7% | $39.00B |
| BIP | $23.10B | +9.8% | $2.53B | 11.0% | $18.06B |
| HII | $13.53B | +12.6% | $733.00M | 5.4% | $11.38B |
| FRO | $1.97B | -8.8% | $379.08M | 19.2% | $10.11B |
| NCLH | $10.16B | +4.9% | $832.94M | 8.2% | $8.23B |
VMAR FAQ
9 questionsWhat is VMAR revenue?
Vision Marine Technologies Inc. (VMAR) reported C$5.65M of revenue for fiscal 2023 (ended Aug 31, 2023). That is down 23.1% from the year before.Is VMAR profitable?
No. Vision Marine Technologies Inc. reported a net loss of C$20.88M for fiscal 2023 (ended Aug 31, 2023).How much cash and debt does VMAR have?
Vision Marine Technologies Inc. reported C$3.36M in cash and cash equivalents and C$305.3K of debt on its most recent balance sheet in SEC filings.How fast is VMAR revenue growing?
Vision Marine Technologies Inc.'s revenue changed -23.1% in fiscal 2023, to C$5.65M. Its compound annual growth rate was +34.8% over 5 years.What is VMAR gross margin?
Vision Marine Technologies Inc.'s gross profit was C$1.54M on C$5.65M of revenue for fiscal 2023 (ended Aug 31, 2023), a gross margin of 27.2%.What is VMAR free cash flow?
Vision Marine Technologies Inc. generated -C$14.95M of free cash flow for fiscal 2023 (ended Aug 31, 2023), which is operating cash flow of -C$14.01M less capital expenditures.What is VMAR earnings per share?
Diluted earnings per share were -C$2.22 for fiscal 2023 (ended Aug 31, 2023), from SEC filings, restated for any stock split those filings show.When did VMAR last report financial results?
The latest statements here come from Vision Marine Technologies Inc.'s 20-F/A filed on Apr 5, 2024, covering the period ended Aug 31, 2023.Where does this VMAR financial data come from?
Quantisnow builds these statements from the structured XBRL data Vision Marine Technologies Inc. files with the SEC. It is provided for information only and is not investment advice.