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The aim of this investigation is to study the impact of intellectual capital on financial performance. The VAIC™ model is employed to measure the efficiency of intellectual capital and its elements. A regression analysis was applied to determine this impact. The study sample comprised Moroccan companies listed on the Casablanca Stock Exchange in the period 2014–2019. The data is derived from the annual reports of thirty-six firms. The findings do not confirm all the hypotheses, but they do prove the existence of a statistically important connection between human capital efficiency and financial performance. Although intellectual capital is increasingly understood as a key strategic resource for achieving a durable competitive advantage, the analysis results give rise to various debates, critiques, and additional research on the topic.