Vision Marine Technologies (VMAR) AI Stock Analysis

• Market Cap: $2.50M
• Dividend Yield: N/A
• Average Volume (3M): 292.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.83
• Revenue Growth: -66.16%
• EPS Growth: 78.81%
• Country: US
• Employees: 46
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): -3.09
• Shares Outstanding: 5,008,735
• 10 Day Avg. Volume: 202,354
• 30 Day Avg. Volume: 292,548
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: ―

Vision Marine Technologies has a low overall stock score due to significant financial struggles, including declining revenues and persistent losses. Technical indicators are mixed, suggesting cautious market momentum. Valuation concerns also weigh heavily, as reflected in the negative P/E ratio. The absence of earnings call or significant corporate events data provides no additional insights to offset these challenges.

Positive Factors

Market Position

The expansion of the E-Motion™ product line strengthens Vision Marine's market position in the electric boating industry, enhancing its competitive edge and potential for capturing a larger market share in the eco-friendly boating sector.

Leadership Change

The appointment of Maxime Poudrier as COO brings experienced leadership, potentially driving strategic growth and operational improvements, which can enhance the company's long-term performance and execution capabilities.

Strategic Partnerships

The LOI for exclusive distribution with Nimbus Boats can expand Vision Marine's market reach and sales channels, supporting revenue growth and reinforcing its presence in key markets, which is crucial for long-term sustainability.

Negative Factors

Revenue Decline

The declining revenue trend poses a significant challenge, indicating potential market share loss or demand issues, which may impact the company's ability to invest in growth and innovation over the long term.

Negative Cash Flow

Negative cash flow highlights the company's struggle to generate sufficient cash from operations, which can limit its ability to fund new projects, pay down debt, or invest in growth opportunities, affecting long-term viability.

Profitability Challenges

Substantial net losses and negative profit margins indicate severe profitability challenges, which could hinder the company's ability to sustain operations and invest in strategic initiatives, impacting its long-term financial health.

Vision Marine Technologies Business Overview & Revenue Model

Company Description

Vision Marine Technologies (VMAR) is a leading innovator in the electric recreational boating industry. The company is focused on designing, developing, and manufacturing environmentally friendly electric powertrain systems and boats. Vision Marine Technologies aims to revolutionize the boating experience by reducing emissions and offering sustainable alternatives to traditional fuel-powered vessels.

How the Company Makes Money

Vision Marine Technologies makes money through the sale of electric boats and powertrain systems. The company's revenue model includes direct sales of its products to consumers and businesses, as well as collaborations with other boat manufacturers who integrate Vision Marine's electric powertrains into their own vessels. Additionally, Vision Marine may generate income through strategic partnerships and licensing agreements that expand their technology's reach in the maritime industry. The company's focus on innovation and sustainability positions it to capitalize on the growing demand for eco-friendly boating solutions.

Vision Marine Technologies Financial Statement Overview

Summary

Vision Marine Technologies faces significant financial challenges, characterized by declining revenues, persistent losses, and negative cash flows. While leverage remains low, the company's profitability and cash generation capacity are concerns that need addressing for improved financial health.

Income Statement

Vision Marine Technologies has experienced a declining revenue trend from 2022 to TTM, with a negative revenue growth rate. The gross profit margin is moderate at 43.61%, but the company is suffering from substantial net losses, resulting in a negative net profit margin of -282.12% for TTM. Additionally, both EBIT and EBITDA margins are negative, indicating operational challenges.

Balance Sheet

The company maintains a relatively low debt-to-equity ratio of 0.03, reflecting modest leverage. However, the equity ratio has been declining, currently at 83.95% for TTM, suggesting a decreasing buffer against liabilities. The return on equity is negative due to persistent losses, posing concerns about shareholder value generation.

Cash Flow

Vision Marine Technologies exhibits negative operating and free cash flows, with no growth in free cash flow. The company’s operating cash flow to net income ratio is less than ideal, indicating insufficient cash generation from operations relative to net losses.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.83M	13.83M	3.79M	5.65M	7.35M	3.51M
Gross Profit	295.75K	295.75K	1.50M	1.54M	3.29M	1.60M
EBITDA	-20.07M	-20.07M	-13.04M	-19.96M	-11.71M	-12.88M
Net Income	-21.65M	-21.65M	-14.06M	-20.88M	-13.11M	-15.11M
Balance Sheet
Total Assets	69.91M	69.91M	11.42M	24.05M	29.10M	38.80M
Cash, Cash Equivalents and Short-Term Investments	7.42M	7.42M	63.13K	3.36M	5.82M	18.15M
Total Debt	9.04M	9.04M	718.43K	3.10M	2.64M	3.03M
Total Liabilities	61.46M	61.46M	8.40M	12.48M	5.07M	5.28M
Stockholders Equity	8.45M	8.45M	3.02M	11.56M	24.03M	33.53M
Cash Flow
Free Cash Flow	-13.93M	-9.16M	-12.24M	-14.95M	-12.20M	-9.32M
Operating Cash Flow	-13.55M	-8.93M	-11.64M	-14.01M	-11.00M	-8.25M
Investing Cash Flow	1.39M	1.54M	615.61K	-537.02K	-964.50K	-9.47M
Financing Cash Flow	22.63M	14.76M	7.73M	12.08M	-361.78K	34.57M

Vision Marine Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.24
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VMAR, the sentiment is Negative. The current price of 0.24 is below the 20-day moving average (MA) of 0.84, below the 50-day MA of 1.20, and below the 200-day MA of 4.19, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 33.00 is Neutral, neither overbought nor oversold. The STOCH value of 28.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VMAR.

Vision Marine Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MCFT	71 Outperform	$310.95M	31.15	7.40%	―	-12.17%	―
MPX	64 Neutral	$315.69M	24.27	10.00%	6.22%	-12.30%	-29.51%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ONEW	50 Neutral	$173.21M	-1.49	-35.49%	―	5.62%	-1706.59%
EZGO	47 Neutral	$1.72M	-0.05	-7.28%	―	-1.08%	97.76%
VEEE	46 Neutral	$3.71M	-0.29	-59.55%	―	-34.70%	36.13%
VMAR	44 Neutral	$2.50M	>-0.01	―	―	-66.16%	78.81%