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Vision Marine Technologies
(NASDAQ:VMAR)
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Rating:44Neutral
Price Target:
$8.50
▲(1080.56% Upside)
Action:Reiterated
Date:08/27/26
The score is primarily held back by deep ongoing losses and a highly leveraged balance sheet despite improving revenue and a recent shift to positive operating and free cash flow. Technical indicators are mixed with no strong trend confirmation, and valuation metrics offer limited support due to a negative P/E and no dividend yield data.
Positive Factors
Revenue and gross-margin recovery
The strong top-line rebound indicates improving demand and commercial traction in the company’s marine technology activities. Gross-margin recovery also suggests better product economics than in prior periods, creating a stronger foundation for future operating leverage if growth can be sustained.
Negative Factors
Persistent deep operating losses
Revenue growth has not yet translated into sustainable profitability, leaving the company exposed to continued cash needs and limited ability to self-fund expansion. Persistently negative operating and net margins also indicate that scale, pricing or cost improvements remain necessary for durable earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and gross-margin recovery
The strong top-line rebound indicates improving demand and commercial traction in the company’s marine technology activities. Gross-margin recovery also suggests better product economics than in prior periods, creating a stronger foundation for future operating leverage if growth can be sustained.
Read all positive factors
Vision Marine Technologies (VMAR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.67M
Dividend YieldN/A
Average Volume (3M)372.67K
Price to Earnings (P/E)―
Beta (1Y)0.96
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees154
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)-4022.19
Shares Outstanding653,046
10 Day Avg. Volume522,113
30 Day Avg. Volume372,674
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.20
Price to Sales (P/S)0.09
P/FCF Ratio-0.13
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vision Marine Technologies Business Overview & Revenue Model
Company Description
Vision Marine Technologies Inc. designs, develops, manufactures, rents, and sells electric boats in Canada, the United States, and internationally. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; el...
How the Company Makes Money
Vision Marine Technologies primarily makes money by selling marine electric propulsion products and related components/systems to customers in the recreational boating market. Key revenue streams are understood to include (1) sales of its electric...
Vision Marine Technologies Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
22
Negative
Cash Flow
48
Neutral
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 61.89M | 13.83M | 3.76M | 5.68M | 7.59M | 3.48M |
| Gross Profit | 8.11M | 295.76K | -2.84M | 952.84K | 3.11M | 1.41M |
| EBITDA | -15.77M | -20.07M | -12.98M | -20.07M | -12.09M | -14.32M |
| Net Income | -21.20M | -21.65M | -14.01M | -21.00M | -13.53M | -14.96M |
Balance Sheet | ||||||
| Total Assets | 45.24M | 50.90M | 8.46M | 17.84M | 29.10M | 38.80M |
| Cash, Cash Equivalents and Short-Term Investments | 1.21M | 5.40M | 46.79K | 2.48M | 5.82M | 18.15M |
| Total Debt | 27.08M | 33.92M | 532.53K | 2.29M | 2.64M | 3.03M |
| Total Liabilities | 39.22M | 44.75M | 6.23M | 9.24M | 5.07M | 5.28M |
| Stockholders Equity | 6.03M | 6.15M | 2.23M | 8.61M | 24.03M | 33.53M |
Cash Flow | ||||||
| Free Cash Flow | 4.04M | -9.16M | -12.24M | -14.95M | -12.20M | -9.32M |
| Operating Cash Flow | 4.30M | -8.93M | -11.64M | -14.01M | -11.00M | -8.25M |
| Investing Cash Flow | 5.47M | 1.54M | 615.61K | -537.02K | -964.50K | -9.47M |
| Financing Cash Flow | -16.18M | 14.76M | 7.73M | 12.08M | -361.78K | 34.57M |
Vision Marine Technologies Technical Analysis
Neutral
0.72
Price Trends
9.42
Negative
43.70
Negative
563.39
Negative
Market Momentum
-0.74
Negative
48.83
Neutral
37.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VMAR, the sentiment is Neutral. The current price of 0.72 is below the 20-day moving average (MA) of 7.32, below the 50-day MA of 9.42, and below the 200-day MA of 563.39, indicating a neutral trend. The MACD of -0.74 indicates Negative momentum. The RSI at 48.83 is Neutral, neither overbought nor oversold. The STOCH value of 37.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for VMAR.
Vision Marine Technologies Risk Analysis
Vision Marine Technologies disclosed 65 risk factors in its most recent earnings report. Vision Marine Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our share price and trading volume could decline. Q3, 2023
2.
Investment in our common shares is speculative and involves a high degree of risk. You may lose your entire investment. Q3, 2023
3.
We have a significant number of warrants which are currently exercisable for shares of our common shares, and the exercise thereof would increase the number of shares eligible for future resale in the public market and result in dilution to our stockholders. Q3, 2023
Vision Marine Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $590.11M | 35.31 | 5.95% | 38.53% | 9.79% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
49 Neutral | $211.65M | -1.70 | -43.62% | 4.42% | 1.32% | -823.52% | |
47 Neutral | $5.69M | -0.09 | -67.71% | ― | 2.97% | 64.51% | |
44 Neutral | $5.67M | >-0.01 | -343.09% | ― | ― | ― | |
40 Underperform | $2.05M | >-0.01 | -20.77% | ― | 6.06% | -619.20% |
* Consumer Cyclical Sector Average
VMAR
Vision Marine Technologies
8.69
-5,311.32
-99.84%
MCFT
MasterCraft Boat Holdings
24.15
0.35
1.47%
ONEW
OneWater Marine
12.70
-3.81
-23.08%
EZGO
EZGO Technologies
0.89
-522.23
-99.83%
VEEE
Twin Vee PowerCats
9.90
-82.23
-89.25%
Vision Marine Technologies Corporate Events
Vision Marine Technologies Launches Strategic Realignment With Reverse Takeover Plan, Reverse Split and TSXV Delisting
Aug 26, 2026
On August 24, 2026, Vision Marine Technologies announced it had signed a non-binding letter of intent dated August 20, 2026 for a proposed reverse takeover by an undisclosed private counterparty developing unmanned and autonomous aerial systems fo...
Vision Marine Sells Florida Property and Launches Share Buyback Amid Footprint Optimization
Aug 17, 2026
On July 31, 2026, Vision Marine Technologies completed the sale of its 1440 S. Federal Highway property in Fort Lauderdale, Florida, under a previously announced real estate and operational optimization plan. The site, formerly used for tender sho...
Vision Marine Flags Going-Concern Risks in May 2026 Interim Results
Jul 13, 2026
Vision Marine Technologies Inc. reported unaudited condensed interim consolidated financial statements for the three-month and nine-month periods ended May 31, 2026 and 2025, in a Form 6-K filed for July 2026. The filing, signed on July 13, 2026 b...
Vision Marine Marks Leadership Shift as Nautical Ventures Founder Roger Moore Retires
Jun 25, 2026
Vision Marine Technologies announced on June 19, 2026 that Roger Moore, founder of Nautical Ventures Group Inc., retired effective June 18, 2026 from his role as Chief Revenue Officer following completion of the integration of Nautical Ventures, w...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.