Welcome to our dedicated page for Vision Marine Technologies SEC filings (Ticker: VMAR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Vision Marine Technologies Inc. SEC filings document the company’s foreign private issuer reporting, capital-market activity and governance for an electric marine propulsion and recreational boating business. Form 6-K reports include interim consolidated financial statements and management discussion, updates on the Nautical Ventures platform, exchange-listing matters, annual meeting materials, shareholder voting results, and executive employment arrangements.
The filings also describe registration and financing activity, including Form F-3 shelf registrations, an at-the-market sales agreement for common shares, and incorporation of certain 6-K reports into registration statements. Capital-structure disclosures reference common shares, equity compensation plans, convertible preferred shares, pre-funded warrants, convertible notes and related derivative items.
Vision Marine Technologies Inc. reported strong top-line momentum for the nine months ended May 31, 2026, with revenue of $48.6 million versus $0.4 million a year earlier. Third-quarter revenue reached $18.4 million, about 27% above second-quarter revenue of $14.5 million. Gross profit was $11.8 million, a 24.3% gross margin, and cash provided by operating activities totaled $2.4 million. Inventory fell to $20.7 million and floorplan financing to $10.2 million, reflecting sizable reductions from fiscal year-end.
The company still reported a net loss of $11.9 million for the period, driven by depreciation and amortization on acquired assets, higher financing costs, and an impairment of deposits with a former battery supplier in liquidation, partly offset by gross profit and working-capital improvements.
Liquidity improved through completion of an at-the-market equity offering program that issued 6,380,235 shares for gross proceeds of $16,334,922 and net proceeds of $15,552,243. After settlement, Vision Marine had 6,530,460 shares outstanding and about $9.5 million of unrestricted cash. Pending Florida real estate transactions are expected, if completed, to generate roughly $13.1 million in gross sale proceeds and $5.58 million in estimated net equity proceeds, while the company notes it continues to incur losses and expects to require additional capital.
Vision Marine Technologies Inc. reports sharply higher revenue but continued losses and a going concern warning for the three- and nine-month periods ended May 31, 2026. Nine-month revenues were $48.6 million, up from $387,927 a year earlier, driven mainly by boat sales of $44.3 million. Gross profit for the nine months was $11.8 million versus a small gross loss previously.
Operating expenses rose to $23.7 million, leading to a nine-month net loss of $11.9 million compared with $8.8 million last year. Cash at May 31, 2026 was $814,205 with working capital of $6.9 million, and management discloses material uncertainty that raises substantial doubt about the company’s ability to continue as a going concern without additional financing. The company raised $11.7 million from share and warrant issuances, completed a small watersports retail acquisition, and significantly reduced floor plan financing to $10.2 million from $32.5 million, while writing off $1.09 million of supplier deposits due to a battery supplier’s liquidation.
HRT Financial LP, a ten percent owner of Vision Marine Technologies Inc., reported an open-market sale of 34,746 shares of common stock on July 9, 2026 at $1.25 per share. After this transaction, HRT Financial LP reported holding 0 shares of Vision Marine common stock directly.
HRT Financial LP, a ten percent owner of Vision Marine Technologies Inc., reported mixed trading in the company’s common stock. On July 7, it made an open-market purchase of 10,533 shares at $1.39 per share, then on July 8 it executed an open-market sale of 11,359 shares at $1.25 per share. After these trades, HRT Financial LP directly holds 24,983 shares of Vision Marine, reflecting a small net sale of 826 shares over the two days.
HRT Financial LP, a ten percent owner of Vision Marine Technologies Inc., reported open-market purchases of the company’s common stock. It bought 23,534 shares on July 2, 2026 at $1.50 per share and 4,187 shares on July 6, 2026 at $1.33 per share, for total reported purchases of 27,721 shares. Following these transactions, HRT Financial LP directly holds 25,809 Vision Marine common shares.
Vision Marine Technologies Inc. reported that major shareholder HRT Financial LP, identified as a ten percent owner, executed an open-market sale of Common Stock. The entity sold 24,800 shares at $2.10 per share and reported holding no shares of Common Stock directly after this transaction.
HRT Financial LP, a ten percent owner of Vision Marine Technologies Inc., reported two open-market sales of common stock. It sold 5,087 shares at $1.99 per share on June 29, 2026 and 8,671 shares at $1.97 per share on June 30, 2026, leaving 22,888 shares held directly.
Vision Marine Technologies Inc. reported that significant shareholder HRT FINANCIAL LP bought additional common shares in the open market. On June 25, the fund purchased 8,346 shares of Common Stock at $2.00 per share. On June 26, it bought another 876 shares at $1.98 per share. These transactions total 9,222 shares acquired, bringing HRT FINANCIAL LP’s directly held position to 36,646 common shares after the most recent trade.
Vision Marine Technologies Inc. reported an insider transaction by significant shareholder HRT Financial LP. The firm executed an open-market sale of 679 shares of Common Stock at $2.24 per share. After this trade, HRT Financial LP directly holds 27,424 shares, indicating it sold only a small portion of its position.
Vision Marine Technologies Inc. reports a leadership transition at its Nautical Ventures subsidiary as part of a completed integration phase. Roger Moore, founder of Nautical Ventures Group Inc., retired from his executive responsibilities and day-to-day management effective June 18, 2026, following Vision Marine’s acquisition of Nautical Ventures in June 2025.
The company highlights integration achievements since the acquisition, including aligning operations, inventory management, financing activities, marina operations, service infrastructure and retail execution across the platform. Existing general managers Clement Magot and Matthew Andrews will continue to lead Nautical Ventures’ day-to-day operations under the strategic oversight of Vision Marine’s executive team.
Vision Marine states that Moore’s retirement is not expected to impact customer relationships, manufacturer partnerships, employee continuity, day-to-day operations or execution of its strategic plan. The company positions Nautical Ventures as its primary retail, marina, service, financing and customer access platform in Florida within a vertically integrated marine platform that also incorporates its E-Motion electric propulsion technology.