Vision Marine Technologies Inc. (VMAR) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 45.49M | 32.89M | 42.93M | 29.79M | 25.66M | 10.56M | 6.38M | 8.96M | 10.29M | 7.5M | 8.49M | 6.09M | 8.35M | 6.46M | 11.6M | 15.98M | 16.73M | 19.4M | 21.32M | 27.55M |
| Cash & Short-Term Investments | 4.06M | 1.65M | 5.4M | 14.94M | 15.32M | 963.58K | 46.79K | 341.31K | 1.19M | 841.99K | 3.36M | 1.54M | 4.12M | 1.65M | 5.82M | 7.86M | 9.76M | 14.54M | 18.15M | 23.89M |
| Cash Only | 4.06M | 1.65M | 5.4M | 14.94M | 15.32M | 963.58K | 46.79K | 341.31K | 1.19M | 841.99K | 3.36M | 1.54M | 4.12M | 1.65M | 5.82M | 7.86M | 9.76M | 14.54M | 18.15M | 23.89M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 7.46M | 5.05M | 7.94M | 537.31K | 333.19K | 255.71K | 136.62K | 394.59K | 477.21K | 628.99K | 689.35K | 799.37K | 1.05M | 1.02M | 1.21M | 175.1K | 33.45K | 285 | 652.65K | 633.82K |
| Days Sales Outstanding | 38.73 | 37.67 | 29.33 | 143.73 | 249.41 | 124.86 | 24.34 | 62.91 | 68.44 | 61.33 | 31.79 | 181.98 | 110.97 | 72.5 | 18.53 | 4.8 | 2.01 | 24.17 | 25.73 | 90.87 |
| Inventory | 30.24M | 22.45M | 26.84M | 9.75M | 7.17M | 6.31M | 4.6M | 5.49M | 4.78M | 3.18M | 2.45M | 2.72M | 2.52M | 2.63M | 2.09M | 3.24M | 3.01M | 2.77M | 1.98M | 1.38M |
| Days Inventory Outstanding | 233.97 | 151.1 | 161.77 | 711.69 | 507.21 | 599 | 321.8 | 304.07 | 195.52 | 152.93 | 183.06 | 114.86 | 253.75 | 155.04 | 116.08 | 307.5 | 457.37 | 284.35 | 146.43 | 192.21 |
| Other Current Assets | 150K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.38M | 1.15M | 1.05M | 0 | 150K |
| Total Non-Current Assets | 13.14M | 9.82M | 7.96M | 3.82M | 2.61M | 2.7M | 2.07M | 8.18M | 11.04M | 15.38M | 15.56M | 15.82M | 15.37M | 18.23M | 17.5M | 17.15M | 16.84M | 17.59M | 17.48M | 6.34M |
| Property, Plant & Equipment | 12.29M | 9.43M | 7.55M | 2.24M | 1.68M | 1.77M | 1.36M | 2.74M | 4.42M | 4.53M | 4.73M | 4.97M | 4.5M | 4.69M | 4.48M | 4.41M | 4.47M | 4.32M | 4.32M | 1.85M |
| Fixed Asset Turnover | 1.34x | 1.85x | 2.71x | 0.14x | 0.06x | 0.09x | 0.49x | 0.18x | 0.16x | 0.21x | 0.44x | 0.10x | 0.18x | 0.31x | 0.77x | 0.45x | 0.17x | 0.28x | 0.75x | 0.51x |
| Goodwill | 190.94K | 0 | 0 | 0 | 0 | 0 | 0 | 4.43M | 5.43M | 9.71M | 9.68M | 9.73M | 9.71M | 9.71M | 9.35M | 9.05M | 9.08M | 9.15M | 9.03M | 0 |
| Intangible Assets | 508.6K | 332.21K | 350.32K | 1.21M | 845.55K | 832.29K | 643.77K | 898.23K | 885.4K | 925.53K | 966.72K | 1.01M | 1.05M | 1.09M | 1.11M | 1.14M | 1.17M | 1.2M | 1.23M | 1.09M |
| Long-Term Investments | 141.59K | 81.64K | 59.45K | 0 | 0 | 6.16K | 5.93K | 6.01K | 114.58K | 115.16K | 114.75K | 115.29K | 115.09K | 108.33K | 118.88K | 115.05K | 2.11M | 117.57K | 33.28K | 3.4M |
| Other Non-Current Assets | 0 | 0 | 0 | 240.68K | 0 | 100 | 0 | 0 | 0 | 0 | 0 | -15.7M | -15.25M | 2.64M | 2.44M | 2.41M | 0 | 2.78M | 2.85M | 3.4M |
| Total Assets | 58.63M | 42.71M | 50.9M | 33.62M | 28.27M | 13.26M | 8.46M | 17.14M | 21.33M | 22.88M | 24.05M | 21.9M | 23.72M | 24.7M | 29.1M | 33.13M | 33.57M | 36.98M | 38.8M | 33.89M |
| Asset Turnover | 0.29x | 0.34x | 0.31x | 0.01x | 0.01x | 0.01x | 0.08x | 0.03x | 0.03x | 0.04x | 0.09x | 0.02x | 0.03x | 0.05x | 0.11x | 0.06x | 0.02x | 0.03x | 0.06x | 0.02x |
| Asset Growth % | 107.39% | 222.13% | 501.9% | 96.16% | 32.52% | -42.07% | -64.83% | -21.75% | -10.07% | -7.34% | -17.37% | -33.89% | -29.33% | -33.22% | -25% | -2.24% | -7.57% | - | 968.43% | - |
| Total Current Liabilities | 35.53M | 29.52M | 36.18M | 7.59M | 2.36M | 3.66M | 5.86M | 4M | 5.02M | 6M | 4.85M | 3.96M | 4.61M | 4.38M | 2.87M | 3.33M | 2.74M | 2.66M | 2.69M | 1.14M |
| Accounts Payable | 6.87M | 6.41M | 5.86M | 1.57M | 893.19K | 1.64M | 2.88M | 2.01M | 1.34M | 2.31M | 1.11M | 1.47M | 1.48M | 2.16M | 737.95K | 657.28K | 573.34K | 619.25K | 560.87K | 390.57K |
| Days Payables Outstanding | 58.94 | 37.6 | 32.86 | 103.69 | 95.51 | 248.29 | 156.02 | 99.22 | 89.59 | 92.92 | 91.48 | 64.72 | 179.3 | 95.13 | 30.35 | 60.52 | 94.3 | 70.64 | 41.46 | 61.74 |
| Short-Term Debt | 18.59M | 16.55M | 24.15M | 126.95K | 105.96K | 106.36K | 75.16K | 61.64K | 302.86K | 446.72K | 426.55K | 528.98K | 1.31M | 184K | 72.09K | 83.73K | 81.84K | 10.18K | 10.18K | 0 |
| Deferred Revenue (Current) | 6.37M | 4.22M | 4.13M | 1.51M | 937.71K | 896.75K | 613.48K | 907.89K | 1.76M | 1.85M | 1.82M | 850.04K | 726.2K | 1.03M | 1.03M | 1.55M | 1.01M | 826.24K | 898.71K | 288.63K |
| Other Current Liabilities | 505.87K | 336.37K | 420.02K | 3.99M | 91.67K | 458.25K | 1.75M | 91.67K | 170.38K | 186.74K | 205.36K | 130.54K | 149.31K | 165.66K | 177.83K | 189.82K | 205.71K | 225.14K | 237.44K | 0 |
| Current Ratio | 1.28x | 1.11x | 1.19x | 3.93x | 10.86x | 2.88x | 1.09x | 2.24x | 2.05x | 1.25x | 1.75x | 1.54x | 1.81x | 1.48x | 4.04x | 4.81x | 6.10x | 7.30x | 7.91x | 24.17x |
| Quick Ratio | 0.43x | 0.35x | 0.44x | 2.64x | 7.83x | 1.16x | 0.30x | 0.87x | 1.10x | 0.72x | 1.25x | 0.85x | 1.27x | 0.87x | 3.31x | 3.83x | 5.00x | 6.25x | 7.18x | 22.95x |
| Cash Conversion Cycle | 213.76 | 151.17 | 158.25 | 751.73 | 661.11 | 475.57 | 190.12 | 267.76 | 174.37 | 121.35 | 123.37 | 232.11 | 185.42 | 132.41 | 104.26 | 251.78 | 365.08 | 237.87 | 130.69 | 221.34 |
| Total Non-Current Liabilities | 13.61M | 10.14M | 8.57M | 2.86M | 2.18M | 461.12K | 366.88K | 9.42M | 9.91M | 2.77M | 7.63M | 5.65M | 5.84M | 2.27M | 2.2M | 2.35M | 2.52M | 2.52M | 2.58M | 1.44M |
| Long-Term Debt | 6.58M | 4.65M | 4.68M | 261.88K | 290.04K | 337.8K | 264.8K | 138.02K | 222.96K | 11.46K | 33.78K | 96.71K | 116.98K | 136.07K | 155.26K | 210.73K | 232.06K | 51.85K | 53.94K | 0 |
| Capital Lease Obligations | 7.04M | 5.49M | 3.89M | 75.28K | 86.53K | 119.62K | 102.08K | 902.84K | 1.7M | 1.84M | 1.99M | 2.15M | 1.8M | 1.94M | 1.85M | 2.02M | 2.16M | 2.34M | 2.4M | 1.04M |
| Deferred Tax Liabilities | 0 | 1.95K | 4.29K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45.14K | 151.11K | 150.87K | 188.04K | 188.04K | 126.75K | 127.05K | 127.71K | 122.66K | 403.65K |
| Other Non-Current Liabilities | 0 | 0 | 0 | 2.52M | 1.8M | 3.69K | 0 | 8.38M | 7.99M | 913.39K | 5.56M | 3.25M | 3.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 49.14M | 39.66M | 44.75M | 10.45M | 4.54M | 4.13M | 6.23M | 13.42M | 14.94M | 8.77M | 12.48M | 9.61M | 10.45M | 6.64M | 5.07M | 5.68M | 5.26M | 5.18M | 5.28M | 2.58M |
| Total Debt | 34.7M | 28.45M | 33.92M | 631.39K | 611.09K | 695.22K | 532.53K | 1.54M | 2.94M | 2.98M | 3.1M | 3.45M | 3.8M | 2.84M | 2.64M | 2.91M | 3.06M | 2.99M | 3.03M | 1.25M |
| Net Debt | 30.64M | 26.8M | 28.52M | -14.31M | -14.71M | -268.37K | 485.74K | 1.2M | 1.75M | 2.14M | -257.13K | 1.91M | -318.44K | 1.19M | -3.18M | -4.94M | -6.7M | -11.54M | -15.12M | -22.63M |
| Debt / Equity | 3.66x | 9.34x | 5.51x | 0.03x | 0.03x | 0.08x | 0.24x | 0.41x | 0.46x | 0.21x | 0.27x | 0.28x | 0.29x | 0.16x | 0.11x | 0.11x | 0.11x | 0.09x | 0.09x | 0.04x |
| Debt / EBITDA | - | - | 74.19x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | 62.38x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -1.55x | -2.93x | -13.97x | -100.10x | -76.50x | -48.56x | -77.55x | -64.86x | -106.03x | 16.00x | - | -138.63x | -93.90x | -119.28x | -62.04x | -42.86x | -76.24x | -102.01x | -74.70x | -278.75x |
| Total Equity | 9.49M | 3.05M | 6.15M | 23.17M | 23.73M | 9.13M | 2.23M | 3.72M | 6.4M | 14.11M | 11.56M | 12.29M | 13.27M | 18.05M | 24.03M | 27.45M | 28.3M | 31.81M | 33.53M | 31.31M |
| Equity Growth % | -60.01% | -66.65% | 175.97% | 522.74% | 270.88% | -35.3% | -80.72% | -69.72% | -51.8% | -21.82% | -51.87% | -55.23% | -53.1% | -43.25% | -28.33% | -12.32% | -17.48% | - | 4133.43% | - |
| Book Value per Share | 118.22 | 244.06 | 2490.86 | 8478.50 | 14655.54 | 50173.13 | 54375.41 | 161781.00 | 290796.68 | 672054.33 | 608654.58 | 682803.72 | 829608.69 | 999999.00 | 999999.00 | 999999.00 | 999999.00 | 999999.00 | 999999.00 | 999999.00 |
| Total Shareholders' Equity | 9.49M | 3.05M | 6.15M | 23.17M | 23.73M | 9.13M | 2.23M | 3.72M | 6.4M | 14.11M | 11.56M | 12.29M | 13.27M | 18.05M | 24.03M | 27.45M | 28.3M | 31.81M | 33.53M | 31.31M |
| Common Stock | 73.73M | 48.16M | 48.88M | 111.29M | 80.82M | 62.96M | 42.03M | 52.49M | 52.27M | 51.82M | 50.4M | 46.85M | 45.41M | 43.58M | 43.44M | 43.28M | 43.06M | 42.83M | 42.83M | 39.36M |
| Retained Earnings | -77.76M | -54.32M | -52.11M | -106.97M | -70.81M | -67.2M | -49.93M | -61.96M | -58.93M | -50.52M | -51.55M | -47.25M | -44.16M | -37.46M | -30.67M | -26.63M | -25.22M | -20.99M | -17.56M | -14.01M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.18M | 628.46K | 802.62K | 1.54M | 1.11M | 1.12M | 717.75K | 1.13M | 1.05M | 1.06M | 1.03M | 1.09M | 1.05M | 1.05M | 697.67K | 392.35K | 432.39K | 504.52K | 388.57K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |