Vision Marine Technologies (VMAR)
Electric boat and propulsion developer with a Florida marine retail and service platform.
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Combines E-Motion electric propulsion and company-built boats with Nautical Ventures' Florida dealership, marina and service platform. Revenue is primarily driven by recreational boat sales and related retail services, while the legacy segment sells electric boats, powertrains and related services.
Combines a proprietary E-Motion high-voltage electric propulsion platform and company-built electric boats with Nautical Ventures' boat-dealership, marina and service operations. The legacy segment sells electric boats, motors, parts, maintenance, rentals and boat-club memberships; Nautical Ventures sells recreational boats, engines, tenders and marine products.
Routes systems to boatbuilders, boats through dealers, marinas and showrooms, and rental operations as demonstration venues. Engineering and manufacturing are centered in Quebec, while the principal retail and service platform is in Florida. Revenue depends chiefly on the acquired retail segment, floor-plan financing for inventory, supplier access and boating safety, emissions and hazardous-material rules.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $1.2M · Total debt $27.1M · Total assets $45.2M · Shareholders' equity $6.0M
- Revenue
- $18.4M
- Operating income
- −$5.3M
- Net income
- −$5.7M
Reported in CAD, converted at the latest exchange rate
No dividends on record.
| Institutions | 4.80% | 29 ADS | |
|---|---|---|---|
| 11 holders · as of Mar 31, 2026 | |||
| Insiders | 1.06% | 7 ADS | |
| 6 holders · as of Sep 1, 2026 | |||
| Strategic holders | 15.29% | 94 ADS | |
| 1 holder · as of Aug 27, 2025 | |||
| Other | 78.85% | 483 ADS | |
| remainder | |||
613 ADS (1 ADS = 2 ordinary shares) as of Sep 22, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Two share counts disagree (613 in the company's Sep 22, 2026 report, 653.0K elsewhere); stakes use the report.
A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Lincoln Alternative Strategies LLC1Strategic10 percent owner | 15.29% | 188 ordinary | filed Aug 27, 2025 |
PNC Financial Services Group, Inc.Institution | 3.26% | 2,000 ADS | as of Mar 31, 2026 |
UBS Group AGInstitution | 1.41% | 867 ADS | as of Mar 31, 2026 |
Raffi SossoyanInsiderofficer: Chief Financial Officer | 0.33% | 4 ordinary | filed Sep 1, 2026 |
Alexandre MongeonInsiderdirector, officer: Chief Executive Officer | 0.24% | 3 ordinary | filed Sep 1, 2026 |
- Reported at 4.32% on Feb 10, 2026, under the 5% line, so no further filing is required.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 9, 2026 | HRT Financial LP | 10 percent owner | −34,746 | $1.25 |
| Jul 8, 2026 | HRT Financial LP | 10 percent owner | −11,359 | $1.25 |
| Jul 7, 2026 | HRT Financial LP | 10 percent owner | +10,533 | $1.39 |
| Jul 2, 2026 | HRT Financial LP | 10 percent owner | +23,534 | $1.50 |
| Jul 6, 2026 | HRT Financial LP | 10 percent owner | +4,187 | $1.33 |
- MarineMax
Broad boat retail, service, marina and brokerage rival.
- OneWater Marine
Multi-location boat retail, service and finance rival.
- Brunswick
Mercury propulsion and boat brands span key marine battlefields.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Vision Marine Technologies | $7.49 | −0.47% | $4.9M | — | — | 0.1 | −0.8% |
| MarineMax | $52.44 | +0.06% | $1.15B | 307.9 | 37.9 | 0.5 | −7.0% |
| OneWater Marine | $9.79 | +2.25% | $159.0M | — | 9.3 | 0.1 | −4.0% |
| Brunswick | $66.74 | +1.12% | $4.29B | — | 13.5 | 0.8 | +7.7% |
| Median | 307.9 | 13.5 | 0.5 | −4.0% |