Vision Marine Technologies Inc. (VMAR) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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VMAR Revenue Growth
Revenue Breakdown (FY 2023)
VMAR's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
VMAR Revenue Analysis (2018–2025)
As of May 8, 2026, Vision Marine Technologies Inc. (VMAR) generated trailing twelve-month (TTM) revenue of $40.6 million, reflecting explosive growth of +15234.7% year-over-year. The most recent quarter (Q1 2026) recorded $21.9 million in revenue, up 20.0% sequentially.
Looking at the longer-term picture, VMAR's 5-year compound annual growth rate (CAGR) stands at +51.8%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $19.0 million in 2025, representing a new all-time high.
Revenue diversification analysis shows VMAR's business is primarily driven by Boat rental and boat club membership revenue (100%). With over half of revenue concentrated in Boat rental and boat club membership revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including MPAA (+2.2% YoY), MBUU (+8.8% YoY), and HZO (-7.4% YoY), VMAR has outperformed the peer group in terms of revenue growth. Compare VMAR vs MPAA →
VMAR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VMARCurrent | $41M | +15234.7% | +51.8% | -74.6% | |
 MPAA | $757M | +2.2% | +7.2% | 5.3% | |
 MBUU | $808M | +8.8% | +4.3% | 2.7% | |
 HZO | $2.3B | -7.4% | +8.9% | 4.5% | |
 BC | $5.4B | +8.3% | +4.3% | -0.7% | |
 MCFT | $284M | +9.8% | -4.8% | 4.0% |
VMAR Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $19.0M | +404.9% | $406K | 2.1% | $-14,166,825 | -74.6% |
| 2024 | $3.8M | -33.8% | $-2,843,937 | -75.6% | $-16,406,456 | -436.0% |
| 2023 | $5.7M | -25.1% | $953K | 16.8% | $-20,357,876 | -358.2% |
| 2022 | $7.6M | +118.1% | $3.1M | 41.0% | $-13,184,683 | -173.8% |
| 2021 | $3.5M | +47.6% | $1.4M | 40.4% | $-12,705,012 | -365.2% |
| 2020 | $2.4M | -18.2% | $562K | 23.8% | $-2,101,255 | -89.2% |
| 2019 | $2.9M | +122.7% | $914K | 31.7% | $335K | 11.6% |
| 2018 | $1.3M | - | $403K | 31.2% | $-6,224 | -0.5% |
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Start ComparisonVMAR — Frequently Asked Questions
Quick answers to the most common questions about buying VMAR stock.
Is VMAR's revenue growth accelerating or slowing?
VMAR revenue is accelerating at +15234.7% year-over-year, exceeding the 5-year CAGR of +51.8%. TTM revenue reached $41M. Growth momentum has increased versus prior periods.
What is VMAR's long-term revenue growth rate?
Vision Marine Technologies Inc.'s 5-year revenue CAGR of +51.8% reflects the sustained expansion pattern. Current YoY growth of +15234.7% is above this long-term average.
How is VMAR's revenue distributed by segment?
VMAR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2025 are available for download. Segment mix reveals concentration and diversification trends.