Vision Marine Technologies Electric Boat Sales Under Contract Surge as 2026 Deployment Accelerates

Vision Marine (NASDAQ: VMAR) reported a 446% year-over-year increase in electric boat sales under contract for Sept 1, 2025–late Feb 2026, with contracts totalling US $1,118,763.50 versus $204,861.20 a year earlier.

Rhea-AI Summary

Vision Marine (NASDAQ: VMAR) reported a 446% year-over-year increase in electric boat sales under contract for Sept 1, 2025–late Feb 2026, with contracts totalling US $1,118,763.50 versus $204,861.20 a year earlier.

Growth spans multiple models (Fantail 217, Phantom, Volt 180, V24) and early allocations improve model-level visibility; SPECTR 26 is in early market activation. Sales under contract are signed purchase agreements and convert to IFRS revenue upon delivery and customary closing conditions.

Positive

• Sales under contract +446% YoY to $1,118,763.50 (Sept 2025–Feb 2026)
• Early-season allocations across Volt 180, Fantail 217, Phantom, V24 improve production visibility
• Retail + digital channels generated sales, expanding geographic demand conversion

Negative

• Under-contract value is an operational metric and not IFRS revenue until delivery
• SPECTR 26 is in early activation and is not yet a material revenue contributor
• Conversion depends on customary production scheduling, delivery timing, and closing conditions

Argus Mar 18 session

-1.29% close to close Open Argus

Details

News Market Reaction – VMAR

On Mar 18, the day this news came out, VMAR closed 1.29% below the previous close.

Data tracked by StockTitan Argus for the Mar 18 session.

Key Figures

YoY sales under contract growth: 446% Sales under contract (current period): US $1,118,763.50 Sales under contract (prior period): US $204,861.20

YoY sales under contract growth

446%

Electric boat sales under contract, Sep 1, 2025–late Feb 2026 vs prior year period

Sales under contract (current period)

US $1,118,763.50

Electric boat sales under contract for Sep 1, 2025–late Feb 2026

Sales under contract (prior period)

US $204,861.20

Electric boat sales under contract for same period in 2024–2025

Historical Context

5 past events · Latest: Mar 11

5 events

1. Mar 11

   Flagship model launch

   24h Move

   +0.4%

   Introduced SPECTR 26 electric tritoon targeting high-volume pontoon segment.

2. Mar 09

   Warranty extension

   24h Move

   +2.9%

   Announced 6-year limited powertrain warranty for E-Motion 180E across many OEMs.

3. Mar 04

   Trade show performance

   24h Move

   +0.4%

   Reported near-prior-year show revenue with higher-value premium electric mix.

4. Mar 02

   Rental growth update

   24h Move

   +0.0%

   Detailed 167% trip growth and 84% revenue growth at Ventura rental location.

5. Feb 26

   Patent grants

   24h Move

   -7.3%

   Disclosed two U.S. patents for 180E propulsion and battery architecture.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

high-voltage propulsion system, tritoon, ifrs

3 terms

high-voltage propulsion system technical

"higher-output electric powerboat configurations powered by Vision Marine's 180E high-voltage propulsion system."

A high-voltage propulsion system is the set of electrical motors, batteries, inverters and wiring that use elevated voltages to drive an electric vehicle, vessel or aircraft. Using higher voltages lets a machine deliver more power with thinner wiring and smaller motors—think of it as upgrading from a garden hose to a fire hose to move more water with less bulk. Investors watch this technology because it affects performance, range, manufacturing cost, safety requirements and which suppliers or components will be valuable as markets electrify.

tritoon technical

"promoting its SPECTR 26 flagship electric tritoon across its retail and digital channels."

A tritoon is a recreational boat built on three parallel hollow tubes (called pontoons) beneath a flat deck, giving it extra lift, stability and carrying capacity compared with a two-tube pontoon. For investors, tritoons matter because they typically sell at higher prices and appeal to buyers wanting more performance or space—similar to choosing a pickup truck over a compact car—so demand and pricing can affect a marine maker’s revenue and margins.

ifrs regulatory

"Sales under contract are an operational metric and are not a substitute for revenue recognized under IFRS."

International Financial Reporting Standards (IFRS) are a set of common accounting rules used by many companies worldwide to prepare financial statements, so numbers like revenue, profit and assets are measured in the same way across borders. For investors, IFRS matters because it makes it easier to compare the financial health and performance of different companies—like using the same ruler to measure different objects—reducing surprises and helping informed investment decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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The company achieved a 446% year-over-year increase in contracted high-margin electric boat sales.

Electric Boat Sales & Market Deployment Update

MONTREAL, March 18, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision Marine" or the "Company"), a marine technology company and vertically integrated multi-brand boat retail platform, today announced a 446% increase in electric boat sales under contract for the period beginning September 1, 2025 through late February 2026, compared to the same period in the prior year.

Electric boat sales under contract totalled US $1,118,763.50, compared to US $204,861.20 during the same period in 2024–2025.

YOY Sales Increase

The 2026 sales mix reflects expansion across multiple electric models, including the Fantail 217, Phantom, Volt 180, and V24 models, as well as higher-output electric powerboat configurations powered by Vision Marine's 180E high-voltage propulsion system. Management notes that the current sales composition reflects broader engagement across electric formats compared to the prior-year period.

This performance occurs early in the 2026 boating season. A meaningful portion of the Company's planned electric production allocation for key models, including Volt 180, Fantail 217, Phantom, and V24 platforms, is already committed undersigned contracts. While subject to customary production scheduling, delivery timing, and closing conditions, these early allocations provide improved model-level visibility and support disciplined production planning for the remainder of the model year.

In parallel, Vision Marine has begun actively promoting its SPECTR 26 flagship electric tritoon across its retail and digital channels. As marketing initiatives expand and showroom positioning increases, management expects the SPECTR 26 to progressively enter the commercial pipeline. The model is in the early stages of broader market activation and is not yet a material contributor to the reported under-contract figures.

Sales activity during the reported period was generated through a combination of retail execution across Nautical Ventures Group's Florida dealership network and website-originated leads from customers outside the Florida market, demonstrating both physical retail engagement and expanding digital demand conversion.

Maxime Poudrier, Chief Operating Officer of Vision Marine, stated: "The year-over-year increase in sales under contract reflects more than demand growth; it reflects stronger operational alignment between retail execution and production planning. Early-season commitments across multiple electric platforms provide clearer model-level visibility and enable disciplined production allocation. Our objective is not simply volume expansion, but controlled deployment that supports sustainable margins and scalable electric growth."

Management believes the current trajectory reflects continued integration of electric products across its retail infrastructure, expanding model availability, and coordinated digital lead conversion efforts that are contributing to measurable deployment momentum early in the 2026 season.

Sales under contract represent signed customer purchase agreements and may convert into recognized revenue upon vessel delivery and satisfaction of customary closing conditions. Sales under contract are an operational metric and are not a substitute for revenue recognized under IFRS.

Vision Marine intends to continue reporting on electric commercial performance and deployment progress as part of its ongoing investor communications.

About Vision Marine Technologies Inc.

Vision Marine Technologies Inc. (NASDAQ: VMAR) is a marine technology company and multi-brand boat dealership operator delivering premium on-water experiences across both electric and internal combustion engine segments. Through its proprietary E-Motion high-voltage propulsion systems and its integrated retail, service, and financing infrastructure, Vision Marine is positioned to support evolving recreational boating demand across North America.

For more information, please visit:
https://investors.visionmarinetechnologies.com

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding anticipated production scheduling, delivery timing, market demand, revenue conversion from sales under contract, model-level allocations, expansion of marketing initiatives, and future commercial performance. Forward-looking statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. These risks include, but are not limited to, market conditions, customer demand, financing approvals, supply chain factors, production capacity, regulatory developments, competition, and operational execution. Readers are cautioned not to place undue reliance on forward-looking statements. Vision Marine undertakes no obligation to update such statements except as required by applicable law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vision-marine-technologies-electric-boat-sales-under-contract-surge-as-2026-deployment-accelerates-302716875.html

SOURCE Vision Marine Technologies, Inc

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Vision Marine (VMAR) report for electric boat sales under contract for Sept 1, 2025–Feb 2026?

According to the company, electric boat sales under contract totaled US $1,118,763.50 for Sept 1, 2025–late Feb 2026. This compares to $204,861.20 in the same prior-year period, reflecting a reported 446% YoY increase.

How should investors interpret VMAR's 'sales under contract' figure reported March 18, 2026?

Sales under contract are signed purchase agreements that may convert to recognized revenue upon delivery and closing conditions. According to the company, this is an operational metric, not a substitute for IFRS revenue, and depends on fulfillment and timing.

Which Vision Marine models drove the under-contract sales growth reported for early 2026 (VMAR)?

According to the company, growth came from multiple electric models including Fantail 217, Phantom, Volt 180, and V24. Management also noted higher-output configurations powered by the 180E propulsion system contributed to the mix.

What role does the SPECTR 26 play in Vision Marine's March 18, 2026 deployment update (VMAR)?

According to the company, the SPECTR 26 is being promoted across retail and digital channels but remains in early market activation. It is expected to enter the commercial pipeline progressively and is not yet material to reported contract totals.

How did Vision Marine generate the sales activity behind the March 18, 2026 under-contract figures (VMAR)?

According to the company, sales were generated via Nautical Ventures Group's Florida dealership network and website-originated leads outside Florida. This mix reflects both physical retail execution and expanding digital demand conversion across markets.

Will Vision Marine (VMAR) recognize the reported $1.118M as revenue immediately?

No; recognition requires vessel delivery and satisfaction of customary closing conditions before IFRS revenue is recorded. According to the company, under-contract amounts are operational indicators pending delivery and closing.