Massimo Group Financials
This page shows Massimo Group (MAMO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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
For every $1 of reported earnings, Massimo Group generates $-0.07 in operating cash flow (-$98K OCF vs $1.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Massimo Group earns $43.7 in operating income for every $1 of interest expense ($2.0M vs $45K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Massimo Group generated $71.8M in revenue in fiscal year 2025. This represents a decrease of 34.3% from the prior year.
Massimo Group's EBITDA was $2.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 59.7% from the prior year.
Massimo Group reported $1.5M in net income in fiscal year 2025. This represents a decrease of 14.3% from the prior year.
Massimo Group earned $0.04 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Cash & Balance Sheet
Massimo Group generated -$164K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 102.6% from the prior year.
Massimo Group had 42M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.
Margins & Returns
Massimo Group's gross margin was 37.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 7.8 percentage points from the prior year.
Massimo Group's operating margin was 2.8% in fiscal year 2025, reflecting core business profitability. This is down 1.9 percentage points from the prior year.
Massimo Group's net profit margin was 2.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.
Capital Allocation
Massimo Group invested $2.1M in research and development in fiscal year 2025. This represents an increase of 508.2% from the prior year.
Massimo Group invested $65K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 83.1% from the prior year.
MAMO Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.0M-10.2% | $18.9M+26.9% | $14.9M-18.0% | $18.2M-29.0% | $25.6M-27.7% | $35.4M+17.4% | $30.2M-23.8% | $39.6M |
| Cost of Revenue | $9.9M-18.2% | $12.0M+12.9% | $10.7M-26.9% | $14.6M-21.7% | $18.6M-22.0% | $23.9M+21.3% | $19.7M-28.2% | $27.4M |
| Gross Profit | $7.1M+3.9% | $6.9M+62.5% | $4.2M+18.8% | $3.6M-48.8% | $7.0M-39.5% | $11.5M+10.0% | $10.5M-13.9% | $12.1M |
| R&D Expenses | $787K+443.4% | $145K-82.8% | $841K | N/A | $95K | N/A | $162K | N/A |
| SG&A Expenses | $3.4M-23.3% | $4.4M+4.9% | $4.2M-3.9% | $4.4M+12.8% | $3.9M-4.9% | $4.1M-0.3% | $4.1M-2.0% | $4.2M |
| Operating Income | $1.8M+1159.0% | $142K+105.3% | -$2.7M+3.0% | -$2.8M-1019.2% | $304K-91.5% | $3.6M-10.3% | $4.0M-16.0% | $4.7M |
| Interest Expense | -$373-100.6% | $64K+5744.4% | $1K+100.6% | -$170K-363.9% | $64K-3.3% | $67K-51.6% | $138K+457.0% | $25K |
| Income Tax | $411K+1404.3% | $27K+105.1% | -$540K-23.3% | -$438K+29.6% | -$622K-176.4% | $814K-9.6% | $900K+0.8% | $893K |
| Net Income | $1.5M+1865.0% | $78K+103.7% | -$2.1M-20.5% | -$1.7M+30.7% | -$2.5M-188.9% | $2.8M-11.5% | $3.2M-17.1% | $3.8M |
| EPS (Diluted) | $0.04 | $0.00+100.0% | $-0.05 | N/A | $-0.06-185.7% | $0.07-12.5% | $0.08 | N/A |
MAMO Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $44.4M-3.4% | $45.9M-0.9% | $46.4M-15.6% | $54.9M-3.8% | $57.1M+14.4% | $49.9M+5.5% | $47.3M+12.7% | $41.9M |
| Current Assets | $34.6M-1.8% | $35.3M+0.5% | $35.1M-19.5% | $43.6M-3.2% | $45.1M-0.3% | $45.2M+3.6% | $43.7M+13.9% | $38.4M |
| Cash & Equivalents | $2.6M+6.3% | $2.4M+189.3% | $844K-91.7% | $10.2M+492.3% | $1.7M+34.9% | $1.3M+516.9% | $207K-73.0% | $766K |
| Inventory | $25.1M+7.2% | $23.4M-4.0% | $24.4M-10.5% | $27.3M-11.8% | $30.9M+0.3% | $30.8M+13.4% | $27.2M+5.4% | $25.8M |
| Accounts Receivable | $5.4M-33.8% | $8.1M+45.4% | $5.6M+15.9% | $4.8M-58.2% | $11.6M+0.8% | $11.5M-19.3% | $14.2M+48.5% | $9.6M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $22.7M-12.1% | $25.8M-2.5% | $26.4M-20.3% | $33.2M-3.8% | $34.5M+37.3% | $25.1M-13.7% | $29.1M+6.1% | $27.5M |
| Current Liabilities | $16.7M-13.7% | $19.4M-0.9% | $19.6M-24.0% | $25.7M-2.1% | $26.3M+45.0% | $18.1M-12.2% | $20.6M+9.6% | $18.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $21.7M+7.7% | $20.2M+1.3% | $19.9M-8.3% | $21.7M-3.7% | $22.5M-8.8% | $24.7M+36.2% | $18.1M+25.2% | $14.5M |
| Retained Earnings | $14.6M+11.7% | $13.0M+0.6% | $13.0M-13.9% | $15.0M-10.3% | $16.8M-13.0% | $19.3M+17.1% | $16.5M+23.9% | $13.3M |
MAMO Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $633K+145.5% | -$1.4M+58.3% | -$3.3M-136.8% | $9.1M+92.5% | $4.7M+172.8% | -$6.5M-916.0% | -$637K-112.4% | $5.1M |
| Capital Expenditures | N/A | N/A | N/A | -$36K-144.1% | $82K-65.3% | $237K+127.4% | $104K+58.7% | $66K |
| Free Cash Flow | N/A | N/A | N/A | $9.0M+95.1% | $4.6M+169.0% | -$6.7M-805.0% | -$741K-114.6% | $5.1M |
| Investing Cash Flow | N/A | N/A | -$3.0M-8367.2% | $36K+144.1% | -$82K+59.5% | -$203K-962.9% | $24K+145.1% | -$52K |
| Financing Cash Flow | -$413K-3727.9% | -$11K+99.6% | -$3.0M-388.9% | -$619K+85.2% | -$4.2M-154.0% | $7.7M+14051.3% | $55K+101.0% | -$5.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MAMO Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.0%+5.7pp | 36.3%+8.0pp | 28.3%+8.8pp | 19.6%-7.6pp | 27.2%-5.3pp | 32.5%-2.2pp | 34.7%+4.0pp | 30.7% |
| Operating Margin | 10.5%+9.8pp | 0.8%+18.9pp | -18.2%-2.8pp | -15.4%-16.5pp | 1.2%-8.9pp | 10.1%-3.1pp | 13.2%+1.2pp | 11.9% |
| Net Margin | 9.0%+8.6pp | 0.4%+14.4pp | -14.0%-4.5pp | -9.5%+0.2pp | -9.8%-17.7pp | 8.0%-2.6pp | 10.5%+0.8pp | 9.7% |
| Return on Equity | 7.0%+6.6pp | 0.4%+10.9pp | -10.5%-2.5pp | -8.0%+3.1pp | -11.1%-22.5pp | 11.4%-6.1pp | 17.5%-8.9pp | 26.5% |
| Return on Assets | 3.4%+3.3pp | 0.2%+4.7pp | -4.5%-1.3pp | -3.2%+1.2pp | -4.4%-10.0pp | 5.7%-1.1pp | 6.7%-2.4pp | 9.1% |
| Current Ratio | 2.07+0.3 | 1.82+0.0 | 1.79+0.1 | 1.69-0.0 | 1.72-0.8 | 2.50+0.4 | 2.12+0.1 | 2.04 |
| Debt-to-Equity | 1.04-0.2 | 1.28-0.0 | 1.33-0.2 | 1.530.0 | 1.53+0.5 | 1.02-0.6 | 1.61-0.3 | 1.90 |
| FCF Margin | N/A | N/A | N/A | 49.7%+31.6pp | 18.1%+37.0pp | -18.9%-16.5pp | -2.5%-15.3pp | 12.8% |
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Frequently Asked Questions
What is Massimo Group's annual revenue?
Massimo Group (MAMO) reported $71.8M in total revenue for fiscal year 2025. This represents a -34.3% 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 Massimo Group's revenue growing?
Massimo Group (MAMO) revenue declined by 34.3% year-over-year, from $109.3M to $71.8M in fiscal year 2025.
Is Massimo Group profitable?
Yes, Massimo Group (MAMO) reported a net income of $1.5M in fiscal year 2025, with a net profit margin of 2.1%.
What is Massimo Group's EBITDA?
Massimo Group (MAMO) had EBITDA of $2.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Massimo Group's gross margin?
Massimo Group (MAMO) had a gross margin of 37.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Massimo Group's operating margin?
Massimo Group (MAMO) had an operating margin of 2.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Massimo Group's net profit margin?
Massimo Group (MAMO) had a net profit margin of 2.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Massimo Group's free cash flow?
Massimo Group (MAMO) generated -$164K in free cash flow during fiscal year 2025. This represents a -102.6% 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 Massimo Group's operating cash flow?
Massimo Group (MAMO) generated -$98K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Massimo Group's capital expenditures?
Massimo Group (MAMO) invested $65K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Massimo Group spend on research and development?
Massimo Group (MAMO) invested $2.1M in research and development during fiscal year 2025.
Are Massimo Group's earnings high quality?
Massimo Group (MAMO) has an earnings quality ratio of -0.07x, considered low quality (accrual-driven). 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.
Can Massimo Group cover its interest payments?
Massimo Group (MAMO) has an interest coverage ratio of 43.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.