Maase Inc. Financials
This page shows Maase Inc. (MAAS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Maase Inc. has an operating margin of -88.5%, meaning the company retains $-89 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -38.9% the prior year.
Maase Inc.'s revenue declined 33.1% year-over-year, from $163.1M to $109.1M. This contraction results in a growth score of 0/100.
Maase Inc. has elevated debt relative to equity (D/E of 4.29), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
With a current ratio of 3.84, Maase Inc. holds $3.84 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Maase Inc. has a free cash flow margin of 8.4%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.
Maase Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Maase Inc. generates $-0.36 in operating cash flow ($10.0M OCF vs -$27.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Maase Inc. generated $109.1M in revenue in fiscal year 2025. This represents a decrease of 33.1% from the prior year.
Maase Inc. generated $9.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 25.2% from the prior year.
Maase Inc. reported -$27.4M in net income in fiscal year 2025. This represents an increase of 31.4% from the prior year.
Maase Inc. earned $-3.61 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1974.7% from the prior year.
Maase Inc. held $11.5M in cash against $0 in long-term debt as of fiscal year 2025.
Maase Inc. had 16M shares outstanding in fiscal year 2025. This represents a decrease of 95.7% from the prior year.
Maase Inc.'s operating margin was -88.5% in fiscal year 2025, reflecting core business profitability. This is down 49.6 percentage points from the prior year.
Maase Inc.'s net profit margin was -25.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.7 percentage points from the prior year.
Maase Inc. invested $774K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 30.5% from the prior year.
MAAS Income Statement
| Metric | Q2'25 | Q2'24 | Q2'23 | Q2'22 | Q2'21 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A |
MAAS Balance Sheet
| Metric | Q2'25 | Q2'24 | Q2'23 | Q2'22 | Q2'21 |
|---|---|---|---|---|---|
| Total Assets | $469.9M-20.2% | $588.7M+1472.0% | $37.4M-20.4% | $47.0M-35.1% | $72.5M |
| Current Assets | $307.3M-6.4% | $328.2M+900.1% | $32.8M-14.8% | $38.5M-38.3% | $62.5M |
| Cash & Equivalents | $11.5M-71.8% | $40.7M-75.3% | $164.5M+1407.8% | $10.9M-73.0% | $40.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $12.9M-65.5% | $37.6M+624.3% | $5.2M-33.6% | $7.8M-8.6% | $8.5M |
| Goodwill | N/A | $33.5M | N/A | N/A | N/A |
| Total Liabilities | $381.1M-7.5% | $411.8M+5379.2% | $7.5M-45.6% | $13.8M-39.5% | $22.9M |
| Current Liabilities | $80.1M-31.6% | $117.1M+2633.4% | $4.3M-54.0% | $9.3M-53.8% | $20.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $88.8M-49.8% | $176.8M+490.8% | $29.9M-9.8% | $33.2M-33.1% | $49.6M |
| Retained Earnings | -$72.2M-63.4% | -$44.2M-917.4% | -$4.3M-52.7% | -$2.8M-125.3% | $11.3M |
MAAS Cash Flow Statement
| Metric | Q2'25 | Q2'24 | Q2'23 | Q2'22 | Q2'21 |
|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
MAAS Financial Ratios
| Metric | Q2'25 | Q2'24 | Q2'23 | Q2'22 | Q2'21 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 3.84+1.0 | 2.80-4.9 | 7.66+3.5 | 4.14+1.0 | 3.10 |
| Debt-to-Equity | 4.29+2.0 | 2.33+2.1 | 0.25-0.2 | 0.42-0.0 | 0.46 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Maase Inc.'s annual revenue?
Maase Inc. (MAAS) reported $109.1M in total revenue for fiscal year 2025. This represents a -33.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Maase Inc.'s revenue growing?
Maase Inc. (MAAS) revenue declined by 33.1% year-over-year, from $163.1M to $109.1M in fiscal year 2025.
Is Maase Inc. profitable?
No, Maase Inc. (MAAS) reported a net income of -$27.4M in fiscal year 2025, with a net profit margin of -25.1%.
What is Maase Inc.'s earnings per share (EPS)?
Maase Inc. (MAAS) reported diluted earnings per share of $-3.61 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Maase Inc.'s operating margin?
Maase Inc. (MAAS) had an operating margin of -88.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Maase Inc.'s net profit margin?
Maase Inc. (MAAS) had a net profit margin of -25.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Maase Inc.'s free cash flow?
Maase Inc. (MAAS) generated $9.2M in free cash flow during fiscal year 2025. This represents a 25.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Maase Inc.'s operating cash flow?
Maase Inc. (MAAS) generated $10.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Maase Inc.'s total assets?
Maase Inc. (MAAS) had $469.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Maase Inc.'s capital expenditures?
Maase Inc. (MAAS) invested $774K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Maase Inc. have outstanding?
Maase Inc. (MAAS) had 16M shares outstanding as of fiscal year 2025.
What is Maase Inc.'s current ratio?
Maase Inc. (MAAS) had a current ratio of 3.84 as of fiscal year 2025, which is generally considered healthy.
What is Maase Inc.'s debt-to-equity ratio?
Maase Inc. (MAAS) had a debt-to-equity ratio of 4.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Maase Inc.'s return on assets (ROA)?
Maase Inc. (MAAS) had a return on assets of -5.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Maase Inc.'s Piotroski F-Score?
Maase Inc. (MAAS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Maase Inc.'s earnings high quality?
Maase Inc. (MAAS) has an earnings quality ratio of -0.36x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Maase Inc.?
Maase Inc. (MAAS) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.