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.

Maase Inc. Financials

MAAS

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2025 Currency USD FYE June

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).

Rhea AI MAAS FY2025 2026-04-22

Cash generation is outlasting accounting profit, but rising overhead and thinner equity show the model is not yet earnings-funded.

From FY2024 to FY2025, operating cash flow stayed positive, moving from $7.9M to $10.0M, even as operating margin moved the other way. That divergence became stark when the margin fell from -38.9% to -88.5%, implying cash is being supported by balance-sheet or non-cash items rather than by the core earnings engine.

The balance sheet became more fragile through equity shrinkage: liabilities eased only modestly, but equity fell to $88.8M, pushing debt-to-equity to 4.3x. That means losses are being absorbed more by owners' capital than by debt reduction, so leverage can worsen even without major new borrowing. SG&A of $77.7M against revenue of $109.1M suggests the cost base is still sized for more volume than the business currently carries.

The company still shows a strong current ratio of 3.8x, which signals balance-sheet liquidity on paper. But cash on hand was only $11.5M against current liabilities of $80.1M, so that cushion depends on other current assets converting rather than cash alone carrying the load.

Financial Health Signals

Financial Health Score 62/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Maase Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Safe

12.40

Maase Inc. scores 12.40, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($7.9B) relative to total liabilities ($381.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/7

Maase Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

-0.36x

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

Export CSV

Earnings & Revenue

Revenue

$109.1M

YoY-33.1%

Maase Inc. generated $109.1M in revenue in fiscal year 2025. This represents a decrease of 33.1% from the prior year.

EBITDA

N/A

Net Income

-$27.4M

YoY+31.4%

Maase Inc. reported -$27.4M in net income in fiscal year 2025. This represents an increase of 31.4% from the prior year.

EPS (Diluted)

$-3.61

Maase Inc. earned $-3.61 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

$9.2M

YoY+25.2%

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.

Cash & Debt

$11.5M

YoY-71.8%

Maase Inc. held $11.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

16M

Maase Inc. had 16M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

N/A

Operating Margin

-88.5%

YoY-49.6pp

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.

Net Margin

-25.1%

YoY-0.7pp

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.

Return on Equity

-30.8%

YoY-8.3pp

Maase Inc.'s ROE was -30.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$774K

YoY+30.5%

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	FY25	FY24	FY23	FY22	FY21
Revenue	$109.1M-33.1%	$163.1M+933.5%	$15.8M-33.6%	$23.8M-20.5%	$29.9M
Cost of Revenue	N/A	N/A	$2.2M-55.9%	$5.1M	N/A
Gross Profit	N/A	N/A	$13.6M-27.6%	$18.7M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$77.7M+50.2%	$51.8M+306.2%	$12.7M-16.5%	$15.3M	N/A
Operating Income	-$96.5M-52.2%	-$63.4M-681.9%	-$8.1M+26.7%	-$11.1M+2.4%	-$11.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	-$2.7M-254.0%	$1.8M+50.4%	$1.2M+958.0%	-$138K+90.7%	-$1.5M
Net Income	-$27.4M+31.4%	-$39.9M-563.2%	-$6.0M+33.6%	-$9.1M-26.9%	-$7.1M
EPS (Diluted)	$-3.61	$-0.17-163.6%	$-0.07+34.0%	$-0.10	N/A

Metric	Q4'25	Q4'24	Q4'23	Q2'23	Q4'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

MAAS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$469.9M-20.2%	$588.7M+1472.0%	$37.4M-45.9%	$69.3M-4.4%	$72.5M
Current Assets	$307.3M-6.4%	$328.2M+900.1%	$32.8M-44.3%	$58.9M-5.7%	$62.5M
Cash & Equivalents	$11.5M-71.8%	$40.7M	N/A	$29.0M-28.1%	$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-41.6%	$8.9M+4.0%	$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-75.3%	$30.4M+33.1%	$22.9M
Current Liabilities	$80.1M-31.6%	$117.1M+2633.4%	$4.3M-82.8%	$25.0M+23.6%	$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-22.9%	$38.8M-21.7%	$49.6M
Retained Earnings	-$72.2M-63.4%	-$44.2M-917.4%	-$4.3M-345.9%	$1.8M-84.3%	$11.3M

Metric	Q4'25	Q4'24	Q4'23	Q2'23	Q4'22	Q4'21
Total Assets	$469.9M-20.2%	$588.7M+1472.0%	$37.4M-20.4%	$47.0M-32.1%	$69.3M-4.4%	$72.5M
Current Assets	$307.3M-6.4%	$328.2M+900.1%	$32.8M-14.8%	$38.5M-34.6%	$58.9M-5.7%	$62.5M
Cash & Equivalents	$11.5M-71.8%	$40.7M	N/A	$10.9M-62.4%	$29.0M-28.1%	$40.4M
Inventory	N/A	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-12.1%	$8.9M+4.0%	$8.5M
Goodwill	N/A	$33.5M	N/A	N/A	N/A	N/A
Total Liabilities	$381.1M-7.5%	$411.8M+5379.2%	$7.5M-45.6%	$13.8M-54.6%	$30.4M+33.1%	$22.9M
Current Liabilities	$80.1M-31.6%	$117.1M+2633.4%	$4.3M-54.0%	$9.3M-62.7%	$25.0M+23.6%	$20.2M
Long-Term Debt	N/A	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-14.5%	$38.8M-21.7%	$49.6M
Retained Earnings	-$72.2M-63.4%	-$44.2M-917.4%	-$4.3M-52.7%	-$2.8M-261.0%	$1.8M-84.3%	$11.3M

MAAS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$10.0M+25.6%	$7.9M+131.3%	-$25.4M-1679.9%	-$1.4M-225.3%	-$438K
Capital Expenditures	$774K+30.5%	$593K+390.1%	$121K-82.9%	$708K-45.8%	$1.3M
Free Cash Flow	$9.2M+25.2%	$7.4M+128.8%	-$25.5M-1094.7%	-$2.1M-22.3%	-$1.7M
Investing Cash Flow	-$45.7M-241.7%	$32.2M+4783.3%	-$688K+56.5%	-$1.6M-121.3%	$7.4M
Financing Cash Flow	-$2.0M+83.4%	-$11.9M	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$1.4M	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q2'23	Q4'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

MAAS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	85.9%+7.2pp	78.8%	N/A
Operating Margin	-88.5%-49.6pp	-38.9%+12.5pp	-51.4%-4.8pp	-46.6%-8.6pp	-37.9%
Net Margin	-25.1%-0.7pp	-24.4%+13.6pp	-38.1%+0.0pp	-38.1%-14.2pp	-23.9%
Return on Equity	-30.8%-8.3pp	-22.5%-2.5pp	-20.1%+3.3pp	-23.3%-8.9pp	-14.4%
Return on Assets	-5.8%+0.9pp	-6.8%+9.3pp	-16.1%-3.0pp	-13.1%-3.2pp	-9.8%
Current Ratio	3.84+1.0	2.80-4.9	7.66+5.3	2.36-0.7	3.10
Debt-to-Equity	4.29+2.0	2.33+2.1	0.25-0.5	0.78+0.3	0.46
FCF Margin	8.4%+3.9pp	4.5%+166.0pp	-161.5%-152.5pp	-9.0%-3.2pp	-5.8%

Metric	Q4'25	Q4'24	Q4'23	Q2'23	Q4'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	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+1.8	2.36-0.7	3.10
Debt-to-Equity	4.29+2.0	2.33+2.1	0.25-0.2	0.42-0.4	0.78+0.3	0.46
FCF Margin	N/A	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 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 return on equity (ROE)?

Maase Inc. (MAAS) has a return on equity of -30.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

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 Altman Z-Score?

Maase Inc. (MAAS) has an Altman Z-Score of 12.40, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Maase Inc.'s Piotroski F-Score?

Maase Inc. (MAAS) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 62 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.