Vision Marine Technologies Inc. (VMAR) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 14.53M | 15.69M | 13.3M | 278.6K | 106.25K | 142.96K | 1M | 637.45K | 735.43K | 978.03K | 2.15M | 466.65K | 838.4K | 1.4M | 3.44M | 2M | 754.36K | 1.23M | 2.3M | 750.34K |
| Revenue Growth % | 13576.69% | 10875.79% | 1224.65% | -56.29% | -85.55% | -85.38% | -53.4% | 36.6% | -12.28% | -30.15% | -37.35% | -76.64% | 11.14% | 13.89% | 49.5% | 166.21% | 301.5% | 354.74% | 104.04% | - |
| Cost of Goods Sold | 10.13M | 14.84M | 10.41M | 1.09M | 1.2M | 828.84K | 1.44M | 1.55M | 1.85M | 1.67M | 1.3M | 2.1M | 913.83K | 1.39M | 2.11M | 935.3K | 569.08K | 760.11K | 1.06M | 623.95K |
| COGS % of Revenue | 69.74% | 94.61% | 78.24% | 392.55% | 1125.34% | 579.77% | 143.67% | 243.73% | 252.02% | 171.22% | 60.24% | 449.55% | 109% | 99.1% | 61.49% | 46.82% | 75.44% | 61.83% | 45.89% | 83.16% |
| Gross Profit | 4.4M | 846.1K | 2.89M | -815.05K | -1.09M | -685.88K | -438.43K | -916.23K | -1.12M | -696.51K | 856.59K | -1.63M | -75.42K | 12.54K | 1.32M | 1.06M | 185.28K | 469.27K | 1.24M | 126.38K |
| Gross Margin % | 30.26% | 5.39% | 21.76% | -292.55% | -1025.33% | -479.77% | -43.67% | -143.73% | -152.02% | -71.22% | 39.76% | -349.55% | -9% | 0.9% | 38.51% | 53.18% | 24.56% | 38.17% | 54.11% | 16.84% |
| Gross Profit Growth % | 503.65% | 223.36% | 759.99% | 11.04% | 2.56% | 1.53% | -151.18% | 43.83% | -1382.34% | -5656.53% | -35.31% | -253.57% | -140.71% | -97.33% | 6.39% | 740.43% | 346.61% | 3250.22% | 1099.37% | - |
| Operating Expenses | 7.43M | 3.99M | 2.79M | 2.84M | 3.24M | 2.29M | 2.42M | 1.88M | 2.19M | 3.59M | 5.72M | 3.05M | 3.67M | 7.05M | 5.28M | 2.82M | 3.72M | 4.11M | 4.92M | 4.03M |
| OpEx % of Revenue | 51.11% | 25.46% | 20.98% | 1019.62% | 3051.43% | 1602.73% | 241.1% | 294.72% | 297.44% | 366.96% | 265.68% | 654.38% | 437.24% | 503.86% | 153.66% | 141.34% | 493.57% | 334.49% | 213.82% | 536.99% |
| Selling, General & Admin | 6.42M | 3.92M | 2.79M | 2.12M | 2.44M | 2.04M | 1.64M | 1.25M | 1.85M | 2.61M | 5.08M | 2.26M | 3.03M | 3.37M | 3.05M | 2.79M | 3.62M | 4.19M | 3.8M | 3.73M |
| SG&A % of Revenue | 44.17% | 24.97% | 20.98% | 760.99% | 2301.08% | 1424.76% | 163.47% | 196.14% | 251.5% | 267.15% | 235.85% | 485.36% | 361.01% | 240.45% | 88.71% | 139.71% | 480.48% | 341.21% | 165.07% | 496.56% |
| Research & Development | 142.31K | 76.69K | 0 | 720.54K | 797.24K | 254.42K | 779.42K | 628.42K | 337.87K | 976.16K | 642.64K | 788.71K | 639.05K | 3.69M | 2.23M | 32.39K | 98.75K | -82.65K | 1.12M | 303.36K |
| R&D % of Revenue | 0.98% | 0.49% | - | 258.63% | 750.35% | 177.97% | 77.63% | 98.58% | 45.94% | 99.81% | 29.83% | 169.02% | 76.22% | 263.42% | 64.95% | 1.62% | 13.09% | -6.72% | 48.76% | 40.43% |
| Other Operating Expenses | 866.17K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -3.03M | -3.15M | 103.27K | -3.66M | -4.33M | -2.98M | -2.86M | -2.79M | -3.31M | -4.29M | -4.87M | -4.68M | -3.74M | -7.04M | -3.96M | -1.76M | -3.54M | -3.64M | -3.67M | -3.9M |
| Operating Margin % | -20.84% | -20.06% | 0.78% | -1312.17% | -4076.76% | -2082.49% | -284.77% | -438.46% | -449.46% | -438.18% | -225.92% | -1003.93% | -446.23% | -502.97% | -115.15% | -88.16% | -469.01% | -296.32% | -159.71% | -520.15% |
| Operating Income Growth % | 30.07% | -5.74% | 103.61% | -30.8% | -31.04% | 30.53% | 41.26% | 40.34% | 11.65% | 39.15% | -22.92% | -166.04% | -5.74% | -93.32% | -7.79% | 54.88% | 10.71% | -194.28% | -101.99% | - |
| EBITDA | -1.84M | -2.37M | 457.26K | -3.52M | -4.2M | -2.84M | -2.65M | -2.54M | -3.04M | -4.01M | -4.59M | -4.46M | -3.49M | -6.78M | -3.72M | -1.52M | -3.29M | -3.4M | -3.48M | -3.83M |
| EBITDA Margin % | -12.69% | -15.07% | 3.44% | -1261.77% | -3953.33% | -1987.3% | -263.87% | -398.69% | -413.17% | -410.21% | -213.27% | -955.07% | -415.85% | -483.92% | -108.25% | -76.2% | -436.26% | -276.85% | -151.3% | -510.09% |
| EBITDA Growth % | 56.09% | 16.75% | 117.26% | -38.32% | -38.24% | 29.19% | 42.34% | 42.98% | 12.85% | 40.79% | -23.43% | -192.8% | -5.94% | -99.08% | -6.97% | 60.23% | 15.28% | -190.96% | -95.98% | - |
| D&A (Non-Cash Add-back) | 1.18M | 782.84K | 353.99K | 140.4K | 131.15K | 136.09K | 209.88K | 253.52K | 266.91K | 273.5K | 272.58K | 227.99K | 254.71K | 266.75K | 237.18K | 238.84K | 247.04K | 239.38K | 193.57K | 75.49K |
| EBIT | -1.14M | -3.22M | -9.25M | -6.9M | -3.6M | -1.54M | -3.53M | -3.21M | -8.45M | 1.02M | -4.44M | -3.22M | -6.71M | -6.72M | -3.85M | -1.8M | -3.72M | -3.42M | -3.81M | -4.69M |
| Net Interest Income | -711.9K | -1.08M | -661.83K | 70.85K | -6.7K | -31.57K | -40.84K | -38.38K | -58.21K | -37.2K | -201.52K | -23.2K | -71.41K | 255.4K | 61.6K | 42.36K | 34.31K | 57.98K | -50.94K | 18.99K |
| Interest Income | 23.96K | 24.01K | 0 | 139.82K | 40.38K | 80 | 4.7K | 11.04K | 21.45K | 26.82K | -201.52K | 0 | 0 | 311.76K | 123.66K | 84.27K | 83.13K | 91.53K | 0 | 35.81K |
| Interest Expense | 735.86K | 1.1M | 661.83K | 68.97K | 47.08K | 31.65K | 45.55K | 49.42K | 79.67K | 64.02K | 0 | 23.2K | 71.41K | 56.35K | 62.06K | 41.91K | 48.82K | 33.55K | 50.94K | 16.82K |
| Other Income/Expense | 1.16M | -1.17M | -9.41M | -3.32M | 683.12K | 1.41M | -718.72K | -459.47K | -5.22M | 5.25M | 431.18K | 1.44M | -3.04M | 263.99K | 47.68K | -77.05K | -233.08K | 187.44K | -182.53K | -803.41K |
| Pretax Income | -1.87M | -4.32M | -9.31M | -6.97M | -3.65M | -1.57M | -3.58M | -3.25M | -8.53M | 960.06K | -4.44M | -3.24M | -6.78M | -6.78M | -3.91M | -1.84M | -3.77M | -3.46M | -3.86M | -4.71M |
| Pretax Margin % | -12.9% | -27.54% | -70% | -2502.88% | -3433.83% | -1097.15% | -356.36% | -510.54% | -1159.37% | 98.16% | -205.91% | -694.34% | -808.29% | -484.12% | -113.77% | -92.02% | -499.91% | -281.07% | -167.65% | -627.22% |
| Income Tax | -9K | -9.06K | -2.65K | -2.64K | -9.14K | 21.49K | 20.38K | -122.26K | -40.54K | -56.38K | -73.04K | 14.89K | -17.29K | 10K | 209.2K | 85.34K | -68.65K | 36.13K | -274.37K | 0 |
| Effective Tax Rate % | 0.48% | 0.21% | 0.03% | 0.04% | 0.25% | -1.37% | -0.57% | 3.76% | 0.48% | -5.87% | 1.65% | -0.46% | 0.26% | -0.15% | -5.35% | -4.64% | 1.82% | -1.05% | 7.11% | 0% |
| Net Income | -1.86M | -4.31M | -9.31M | -6.97M | -3.64M | -1.59M | -3.6M | -3.03M | -8.49M | 1.02M | -4.36M | -3.07M | -6.76M | -6.79M | -4.12M | -1.92M | -3.7M | -3.49M | -3.58M | -4.71M |
| Net Margin % | -12.83% | -27.48% | -69.98% | -2501.93% | -3425.23% | -1112.18% | -358.39% | -474.58% | -1153.86% | 103.93% | -202.52% | -658.43% | -806.22% | -484.83% | -119.85% | -96.29% | -490.81% | -284.01% | -155.72% | -627.22% |
| Net Income Growth % | 48.76% | -171.2% | -158.66% | -130.41% | 57.11% | -256.43% | 17.53% | 1.54% | -25.54% | 114.97% | -5.87% | -59.75% | -82.57% | -94.42% | -15.06% | 59.13% | 16.29% | -87.85% | -105.76% | - |
| Net Income (Continuing) | -1.86M | -4.31M | -9.31M | -6.97M | -3.64M | -1.59M | -3.6M | -3.13M | -8.49M | 1.02M | -4.36M | -3.26M | -6.76M | -6.79M | -4.12M | -1.92M | -3.7M | -3.49M | -3.58M | -4.71M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 106.96K | 0 | 0 | 0 | 182.47K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -23.20 | -345.60 | -3768.40 | -2550.30 | -2247.50 | -8755.40 | -88082.20 | -133440.20 | -391610.20 | 47585.30 | -224956.50 | -170878.40 | -418271.10 | -434841.30 | -264383.10 | -123934.10 | -239669.50 | -226484.40 | -232344.40 | -316080.00 |
| EPS Growth % | 98.97% | 96.05% | 95.72% | 98.09% | 99.43% | -118.4% | 60.84% | 21.91% | 6.37% | 110.94% | 14.91% | -37.88% | -74.52% | -92% | -13.79% | 60.79% | 19.75% | -19.24% | -62.83% | - |
| EPS (Basic) | -23.20 | -345.60 | -3768.40 | -2550.30 | -2247.50 | -8755.40 | -88082.20 | -133440.20 | -391610.20 | 47585.30 | -224956.50 | -170878.40 | -418271.10 | -434841.30 | -264383.10 | -123934.10 | -239669.50 | -226484.40 | -232344.40 | -316080.00 |
| Diluted Shares Outstanding | 80.27K | 12.48K | 2.47K | 2.73K | 1.62K | 182 | 41 | 23 | 22 | 21 | 19 | 18 | 16 | 16 | 16 | 16 | 15 | 15 | 15 | 15 |
| Basic Shares Outstanding | 80.27K | 12.48K | 2.47K | 2.73K | 1.62K | 182 | 41 | 23 | 22 | 21 | 19 | 18 | 16 | 16 | 16 | 16 | 15 | 15 | 15 | 15 |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |