Vision Marine Technologies Reports 167% Year-Over-Year Trip Growth in Ventura and 84% Revenue Growth as West Coast Expansion Advances

Rhea-AI Summary

Vision Marine Technologies (NASDAQ: VMAR) reported strong localized rental growth at its Portside Ventura location for 2025. Trips rose from 640 to 1,708, a ~167% YoY increase, while net rental revenue grew ~84% YoY. The company executed a slip expansion lease to add dock capacity ahead of the 2026 season.

The Ventura site operates as a rental-to-ownership channel within Vision Marine's vertically integrated platform and has contributed to more than 70,000 electric boat rentals across operations as of August 2025. Growth remains subject to operational performance and capital allocation.

Positive

• Trips +167% YoY at Portside Ventura (640 to 1,708 trips)
• Net rental revenue +84% YoY at the Ventura location
• Executed slip expansion lease to increase dock capacity for 2026
• Operational scale: > 70,000 electric boat rentals completed to date

Negative

• Growth concentrated in a single site: Ventura location
• Future expansion contingent on operational performance and capital allocation

News Market Reaction – VMAR

%

10 alerts

% News Effect

+5.8% Peak Tracked

-14.5% Trough Tracked

$3M Market Cap

0.6x Rel. Volume

On the day this news was published, VMAR declined NaN%, reflecting a moderate negative market reaction. Argus tracked a peak move of +5.8% during that session. Argus tracked a trough of -14.5% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Ventura trips 2025: 1,708 trips Ventura trips 2024: 640 trips Trip growth: 167% year-over-year +2 more

5 metrics

Ventura trips 2025 1,708 trips Completed customer bookings at Ventura in 2025

Ventura trips 2024 640 trips Completed customer bookings at Ventura in 2024

Trip growth 167% year-over-year Ventura trip volume growth from 2024 to 2025

Net rental revenue growth 84% year-over-year Ventura rental revenue growth from 2024 to 2025

Total electric rentals more than 70,000 Cumulative electric boat rentals completed across operations

Market Reality Check

Price: $2.46 Vol: Volume 59,820 is below 20...

low vol

$2.46 Last Close

Volume Volume 59,820 is below 20-day average 105,891 with relative volume at 0.56x. low

Technical Shares at $2.47 are trading below the 200-day MA of $110.51 and far under the $404.20 52-week high.

Peers on Argus

VMAR gained 2.07% while momentum scanners flagged only peer VEEE moving, down -1...

1 Down

VMAR gained 2.07% while momentum scanners flagged only peer VEEE moving, down -13.70999962091446% without news. Other close peers showed mixed, smaller moves, suggesting today’s action was company-specific rather than a broad Recreational Vehicles sector move.

Historical Context

5 past events · Latest: Feb 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 26	Patent grants	Positive	-7.3%	Two U.S. patents granted covering E-Motion 180E propulsion architecture.
Feb 19	Patent filing	Positive	-2.2%	Filed U.S. patent for modular system pairing electric motors with outboards.
Feb 17	Financing program	Positive	+1.1%	Established Yamaha Financial Services floor plan across Nautical Ventures network.
Feb 12	Patent filing	Positive	+1.5%	Filed patent for structural integration of high-voltage outboard systems.
Feb 09	Retail expansion	Positive	-4.3%	Opened Palm City retail store supporting over 1,100 tenders sold.

Pattern Detected

Recent news has been mostly positive, yet price reactions have often been negative or muted, with 3 divergences versus 2 aligned moves on prior positive updates.

Recent Company History

Over the past few months, Vision Marine has focused on expanding proprietary electric propulsion and retail capabilities. Multiple U.S. patent applications and grants in February 2026 strengthened protection for its high-voltage outboard integration. The Nautical Ventures acquisition has been leveraged through a Yamaha floor plan program and a new Palm City retail store supporting over 1,100 tenders sold since 2021. Today’s Ventura rental growth and expansion lease extend this vertically integrated strategy into a repeatable coastal activation model on the U.S. West Coast.

Market Pulse Summary

This announcement highlights strong traction at the Ventura rental location, with trips rising from ...

Analysis

This announcement highlights strong traction at the Ventura rental location, with trips rising from 640 in 2024 to 1,708 in 2025 and net rental revenue up 84%. Management positions Ventura as a repeatable coastal framework and a rental-to-ownership funnel, complementing recent patent activity and retail expansion. Investors may want to track whether similar metrics emerge at new locations and how these recurring revenues interact with the company’s broader financial profile and capital needs disclosed in recent regulatory filings.

AI-generated analysis. Not financial advice.

MONTREAL, March 2, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision Marine" or the "Company"), a vertically integrated marine platform combining proprietary propulsion technology, award-winning retail distribution, and direct-to-consumer operations, today reported strong year-over-year growth at its Portside Ventura, California rental location and announced the execution of a slip expansion lease to support continued West Coast scaling.

Trip volume increased from 640 trips in 2024 to 1,708 trips in 2025, representing approximately 167% year-over-year growth. Net rental revenue increased approximately 84% year-over-year, reflecting accelerating utilization and continued diversification across booking platforms.

The sustained growth reflects demand from both local residents and non-local visitors. In response, Vision Marine has executed an expansion lease increasing available slip capacity at Portside Ventura. The additional dock space is expected to enhance peak-season availability, support larger group bookings, and enable incremental fleet additions entering the 2026 boating season.

Ventura operates as a structured rental-to-ownership deployment channel within Vision Marine's vertically integrated platform. By introducing consumers to modern electric boating systems in a real-world environment, rental operations serve as both a recurring revenue stream and a strategic engagement funnel that may support future ownership interest. Management evaluates rental engagement metrics as an indicator of long-term market adoption potential in high-value coastal markets such as California.

As previously disclosed in the Company's August 2025 investor presentation, Vision Marine has completed more than 70,000 electric boat rentals to date across its operations, reflecting meaningful on-water deployment experience and operational scalability.

Ventura is being managed as a repeatable coastal activation framework combining technology deployment, experiential consumer engagement, and scalable fleet operations. Future growth initiatives remain subject to operational performance, capital allocation priorities, and prevailing market conditions.

Trip growth and revenue growth percentages referenced above are based on internal operating data for the Ventura location. "Trips" refers to completed customer bookings during the calendar year.

About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR) is building a scalable marine platform combining proprietary high-voltage electric propulsion systems with a multi-location boat dealership and service network. Through its E-Motion™ propulsion technology and ownership of Nautical Ventures, an award-winning Florida-based retailer, Vision Marine delivers integrated marine solutions across both electric and internal combustion segments.

For more information, 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 intellectual property protection, technology scalability, OEM integrations, and long-term strategic positioning. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Vision Marine undertakes no obligation to update forward-looking statements except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vision-marine-technologies-reports-167-year-over-year-trip-growth-in-ventura-and-84-revenue-growth-as-west-coast-expansion-advances-302700455.html

SOURCE Vision Marine Technologies, Inc

FAQ

What rental growth did Vision Marine (VMAR) report for Portside Ventura in 2025?

Vision Marine reported a 167% year-over-year trip increase at Ventura, from 640 trips in 2024 to 1,708 in 2025. According to Vision Marine, this reflects accelerating utilization and broader booking-platform diversification driving demand.

How much did net rental revenue at Vision Marine's Ventura location grow in 2025?

Net rental revenue at Ventura increased approximately 84% year-over-year in 2025. According to Vision Marine, higher utilization and cross-platform bookings underpinned the revenue acceleration at the site.

What is the purpose of Vision Marine's slip expansion lease in Ventura (VMAR)?

The slip expansion lease increases available dock capacity to boost peak-season availability and support larger group bookings. According to Vision Marine, the additional space aims to enable incremental fleet additions for the 2026 boating season.

How does Ventura fit into Vision Marine's business model and VMAR growth strategy?

Ventura functions as a structured rental-to-ownership channel that introduces consumers to electric boating systems. According to Vision Marine, rentals serve as recurring revenue and an engagement funnel that may support future ownership interest.

How many electric boat rentals has Vision Marine completed across its operations as of August 2025?

Vision Marine has completed more than 70,000 electric boat rentals to date across its operations. According to Vision Marine, this cumulative volume demonstrates on-water deployment experience and operational scalability.