Export financials
Vision Marine Technologies (VMAR)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.

Vision Marine Technologies Income Statement 2023-2011 | VMAR
Brief overview of financial results at Vision Marine Technologies
The conclusions below are based on five years of reported results. According to figures from Vision Marine Technologies, revenue changed from 1.3 million Canadian dollars to 5.7 million Canadian dollars over five years. The five-year change reached +344.5%, while CAGR stood at 34.8%. The company expanded its revenue base at a high speed.
The five-year change in gross profit reached +206.2%: from 502 thousand Canadian dollars to 1.5 million Canadian dollars. Comparing the endpoints gives gross margins of 39.5% and 27.2%. The contraction points to pressure from direct costs or weaker pricing power.
The five-year EBITDA result moved by : from 0 Canadian dollars to 0 Canadian dollars. At the operating-margin level, the figure shifted from 0% to 0%. Operating profitability remained broadly stable.
Overall conclusion
The figures do not all move in the same direction. The constructive conclusion rests on stable operating profitability and a larger revenue base. The most visible risks are a lower gross margin and a narrow EBITDA buffer. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Vision Marine Technologies
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
13.3 M | 28 M | 35 M | - | - | - | - | - | - | - | - | - | - |
Shares |
9.27 M | 8.32 M | 7.41 M | - | - | - | - | - | - | - | - | - | - |
Historical Prices |
1.43 | 3.37 | 4.72 | 14.8 | - | - | - | - | - | - | - | - | - |
Net Income |
-20.9 M | -13.1 M | -15.1 M | -2.28 M | 233 K | -186 K | - | - | - | - | - | - | - |
Revenue |
5.65 M | 7.35 M | 3.51 M | 2.42 M | 2.87 M | 1.27 M | - | - | - | - | - | - | - |
Cost of Revenue |
4.02 M | 4.07 M | 1.91 M | 1.81 M | 1.58 M | 770 K | - | - | - | - | - | - | - |
Gross Profit |
1.54 M | 3.29 M | 1.6 M | 604 K | 1.29 M | 502 K | - | - | - | - | - | - | - |
Operating Expenses |
22.7 M | 16.1 M | 16.6 M | 2.86 M | 988 K | 536 K | - | - | - | - | - | - | - |
General and Administrative Expenses |
3.1 M | 1.95 M | 1.13 M | 2.49 M | 789 K | 396 K | - | - | - | - | - | - | - |
Annual performance
Select metrics to display
All numbers in CAD currency
Quarterly Income Statement Vision Marine Technologies
| 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2023-Q4 | 2023-Q3 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
883 K | 648 K | 807 K | - | 9.14 M | 11.7 M | - | 6.96 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-7.14 M | -3.61 M | -1.59 M | - | -14.1 M | -8.41 M | - | -20.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
286 K | 105 K | 142 K | - | 3.79 M | 729 K | - | 5.65 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
253 K | 111 K | 193 K | - | 2.3 M | 509 K | - | 4.12 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
32.9 K | -5.7 K | -50.4 K | - | 1.5 M | 220 K | - | 1.54 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
- | - | - | - | 15.8 M | 8.67 M | - | 22.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
451 K | 471 K | 376 K | - | 2.36 M | 707 K | - | 3.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
Select metrics to display
All numbers in CAD currency
The income statement is one of the three key financial reports of a company Vision Marine Technologies (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.