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Vision Marine Technologies (VMAR) Releases Q1 2026 Earnings: Revenue Tops Estimates but EPS Widely Misses

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Vision Marine Technologies Inc. (VMAR) — Q1 2026 Results

Revenue rose to $9.68 million, an increase of 9,426.6% year-over-year and well above the street revenue estimate of $816,000.

Gross profit and operating profit were both $3.49 million, though gross profit showed a year-over-year decline of 9,786.8%. The company reported a net loss attributable to common shareholders of -$6.78 million, a year-over-year change of +495.6%. Diluted earnings per share was -9.78, compared with an EPS estimate of -2.38.

Operating cash flow was $1.33 million, down 132.6% year-over-year. Capital expenditures (purchases of property, plant and equipment) were -$43.51 thousand, up 796.8% versus the prior year. Cash and cash equivalents on the balance sheet stood at $1.65 million, up 139.4% year-over-year, while total liabilities increased to $39.66 million, a rise of 1,247.4%.

  • Top-line beat: revenue of $9.68 million vs. estimate of $816,000.
  • Profitability snapshot: gross and operating profit of $3.49 million; net loss of -$6.78 million.
  • EPS: diluted EPS of -9.78 vs. estimate of -2.38.
  • Liquidity and leverage: cash of $1.65 million; total liabilities of $39.66 million.
  • Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

    Vision Marine Technologies INC Hedge Fund Activity

    We have seen 9 institutional investors add shares of Vision Marine Technologies INC stock to their portfolio, and 5 decrease their positions in their most recent quarter.

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