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.
This page provides access to U.S. Securities and Exchange Commission filings for Vision Marine Technologies Inc. (NASDAQ: VMAR), an electric marine propulsion company active in the recreational boating market. Through these filings, investors can review how Vision Marine reports on its high-voltage E-Motion™ powertrain platform, its electric boat and rental operations, and its multi-brand retail and service network built around the Nautical Ventures acquisition.
Vision Marine files annual reports on Form 20-F and multiple current reports on Form 6-K as a foreign private issuer. These documents discuss topics such as operating segments (including sale of electric boats and rental of electric boats), revenue categories like sales of boats, parts and maintenance, powertrain sales, and boat rental and club membership revenue, as well as geographic information indicating that a substantial portion of revenue is generated from the United States.
Recent Form 6-K filings describe material definitive agreements and capital markets activity, including equity offerings of common shares and pre-funded warrants under Form F-1 registration statements, the use of proceeds for working capital, inventory management, servicing floorplan lines of credit, general and administrative expenses, and prosecuting patent applications related to the E-Motion™ electric powertrain technology. Other 6-Ks detail the Equity Purchase Agreement to acquire Nautical Ventures Group Inc. and related convertible note arrangements, along with executive compensation agreements and restricted share unit plans that link management incentives to market capitalization milestones.
On Stock Titan, Vision Marine’s SEC filings are updated in near real time as new documents are posted to EDGAR. Each filing, whether a 20-F annual report, 6-K current report, or registration statement, can be reviewed alongside AI-powered summaries that highlight key points such as segment performance, financing structures, material contracts, and equity incentive plans. Users can also track disclosures related to convertible instruments, floorplan financing, marina and real estate arrangements, and other items that influence Vision Marine’s capital structure and operating profile.
For investors analyzing VMAR, this filings page offers a structured view of the company’s regulatory history, including its transition into a multi-brand retail and service platform through Nautical Ventures and its ongoing focus on high-voltage electric marine propulsion technology.
Vision Marine Technologies reported second-quarter results showing stronger operations at its Nautical Ventures Group (NVG) segment and a cleaner balance sheet. Revenue was $14.53 million, generating gross profit of $4.40 million with a margin of 30%, up from 27% in the prior quarter.
Net loss narrowed to $1.86 million, a 56.8% improvement, while EBITDA loss improved to $2.14 million. NVG’s EBITDA loss fell from $235,477 in Q1 2026 to $2,760 in Q2 2026, placing the segment near breakeven less than a year after acquisition.
Since acquiring NVG, the company reduced inventory by over $10.6 million and cut floor plan financing by $23.8 million. As of February 28, 2026, cash was $4.1 million and working capital surplus was $10.0 million, supported by $9.3 million of equity financing and $3.8 million from real estate monetization.
Vision Marine Technologies Inc. filed interim IFRS financial statements showing rapidly expanding operations but continuing losses and a going concern uncertainty. Revenue for the six months ended February 28, 2026 rose to $30,224,328 from $177,219, mainly from U.S. boat retail after acquiring Nautical Ventures Group.
The company reported a six‑month net loss of $6,177,473 and a cumulative deficit of $77,759,031. Cash was $4,061,703 with working capital of $9,966,737, while management states that recurring losses and negative historical operating cash flows create material uncertainty about its ability to continue as a going concern, and additional financing will be needed.
Vision Marine Technologies Inc. held its annual general meeting, where shareholders representing 6,485,922 common shares, or 17.53% of the 37,008,735 shares entitled to vote, formed a quorum and approved all proposals.
Shareholders elected all director nominees, ratified M&K CPAs as auditors, and adopted amended and restated restricted share unit and stock option plans, with the option plan allowing grants up to 10% of issued and outstanding shares under all share compensation arrangements. They also approved compensation for CEO Alexandre Mongeon, including 285,000 common shares for relocation, 500,000 common shares as milestone compensation, and 500,000 restricted share units.
The company provided an update on its at-the-market equity program with ThinkEquity LLC, under which it may sell up to $16.3 million of common shares. From January 23, 2026 to April 2, 2026, it issued 494,889 common shares for approximately $1.26 million in net proceeds.
Vision Marine Technologies Inc. Schedule 13G reports that two affiliated entities, Diveroli Investment Group LLC and Kingbird Ventures LLC, together acquired beneficial ownership of 119,326 shares of common stock, representing approximately 9.5% of the outstanding common stock based on an assumed total of 1,255,000 shares. Kingbird Ventures LLC directly holds 119,326 shares; Diveroli Investment Group LLC may be deemed to beneficially own those shares. The filing states the acquisition occurred on March 4, 2026 and is filed as a joint reporting group.
Vision Marine Technologies Inc. renewed its executive employment agreement with chief financial officer Raffi Sossoyan, effective March 1, 2026. The new agreement runs for two years, ending March 1, 2028, and replaces his prior March 1, 2024 contract.
Under the agreement, Mr. Sossoyan will receive an annual base salary of CA$295,000, plus an annual incentive bonus of up to 25% of base salary based on performance objectives set by the board or its compensation committee. He will continue to participate in the company’s equity compensation plans. The contract includes severance protections if he is terminated without cause or resigns for good reason, along with customary confidentiality, non‑competition, and non‑solicitation covenants. The agreement is filed as Exhibit 10.1 and the information is incorporated by reference into existing Form F‑3 and Form S‑8 registration statements.
Lincoln Alternative Strategies LLC filed an amended Schedule 13G reporting beneficial ownership of 43,028 shares of Vision Marine Technologies Inc. common stock, representing 4.32% of the class. The percentage is based on 996,038 shares outstanding as of January 23, 2026, as reported by the company.
Lincoln Alternative Strategies has sole voting and dispositive power over all 43,028 shares and no shared power. The filer certifies the shares were not acquired and are not held for the purpose of changing or influencing control of Vision Marine Technologies.
Vision Marine Technologies Inc. has scheduled its annual general and special meeting of shareholders for February 26, 2026, at 10:00 a.m. local time. The meeting will be held in person at 1 Place Ville Marie, 39th Floor, Montreal, Quebec, with an option to attend online via live audio webcast.
The company began mailing a proxy card, management information circular, and notice of meeting to shareholders of record as of January 5, 2026. These materials, dated January 23, 2026, are also filed as exhibits and incorporated by reference into existing Form F-3 and Form S-8 registration statements.
Vision Marine Technologies Inc. entered into an at-the-market sales agreement with ThinkEquity LLC, allowing it to issue and sell up to US$16,335,000 of common shares from time to time under an effective shelf registration on Form F-3.
Shares will be sold through ThinkEquity on the Nasdaq Capital Market or other trading markets as ordinary open-market transactions, and the company is not required to sell any specific amount. ThinkEquity will receive a commission equal to 3.0% of gross proceeds for most sales, and 7.5% when it arranges a single sale of US$1,000,000 or more.
A Canadian legal opinion from Dentons Canada LLP confirms that the shares have been duly authorized and, when issued in accordance with the sales agreement and upon receipt of consideration, will be validly issued, fully paid and non-assessable.
Vision Marine Technologies Inc. is registering up to $16,335,000 of common shares through an at-the-market offering, using ThinkEquity as sales agent. Sales will be made on the Nasdaq Capital Market at prevailing prices, with commissions of 3% on standard trades and 7.5% on block trades over $1,000,000.
At an assumed price of $4.84 per share, this would equal about 3.38 million new shares, taking common shares outstanding from 996,695 to 4,371,695 and significantly diluting existing holders. The company plans to use net proceeds of roughly $14.9–$15.6 million mainly for working capital, inventory, general corporate purposes and patent prosecution, and may also pursue acquisitions.
The filing highlights that Nautical Ventures, a Florida boat dealer acquired in 2025, now drives most revenue, while legacy electric propulsion operations remain small. It also notes a disputed termination notice from key supplier Axopar, prior covenant issues and a temporary funding freeze on one floor plan facility, and emphasizes extensive past equity raises and reverse splits that have already heavily diluted shareholders.
Vision Marine Technologies Inc. reported a sharp turnaround in scale for the three months ended November 30, 2025, driven by its newly acquired U.S. boat retail operations. Revenue rose to $15,692,844, mostly from boat sales, compared with $102,210 a year earlier, and gross profit reached $4,198,339 versus a prior gross loss.
The company still posted a net loss of $4,312,549, widening its accumulated deficit to $75,894,107. Management discloses a “material uncertainty that raises substantial doubt” about its ability to continue as a going concern, citing recurring losses, negative operating cash flows and the need for additional financing.
As of November 30, 2025, cash was $2,299,575, total assets were $59,664,933, and total liabilities were $55,410,413, leaving modest equity of $4,254,520. Floor plan financing for boat inventory totaled $22,275,390, and lease liabilities were $10,132,484. Subsequent to quarter-end, the company completed a public offering raising $9.6 million before an estimated $1.2 million in costs, issued large blocks of common shares and warrants, and effected a planned 40‑for‑1 reverse split of its Voting Common Shares.