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).
Massimo’s inventory-heavy model showed better gross economics in FY2025, but lower throughput kept earnings from becoming cash.
From FY2023 to FY2025, gross margin widened from31.2% to37.5% , so the pressure did not begin with product-level economics. The squeeze showed up lower down: operating cash flow swung from$10.9M to-$98K , which suggests slower sales and working-capital needs absorbed the gross-profit improvement before it reached cash.
The balance sheet still looks working-capital intensive: inventory was
FY2025’s gross margin expansion did not translate into operating strength because selling/admin plus R&D consumed most of the spread; operating margin finished at
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Massimo Group'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.
Massimo Group has an operating margin of 2.8%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is down from 4.6% the prior year.
Massimo Group's revenue declined 34.3% year-over-year, from $109.3M to $71.8M. This contraction results in a growth score of 0/100.
Massimo Group carries a low D/E ratio of 1.17, meaning only $1.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.
Massimo Group's current ratio of 1.79 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.
While Massimo Group generated -$98K in operating cash flow, capex of $65K consumed most of it, leaving -$164K in free cash flow. This results in a low score of 34/100, reflecting heavy capital investment rather than weak cash generation.
Massimo Group's ROE of 6.4% shows moderate profitability relative to equity, earning a score of 56/100. This is down from 8.1% the prior year.
Massimo Group scores 3.28, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Massimo Group passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
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 59.4% 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 held $5.8M in cash against $0 in long-term debt as of fiscal year 2025.
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.
Massimo Group's ROE was 6.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.7 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 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.7M-39.5% | $21.0M+23.7% | $17.0M-10.2% | $18.9M+26.9% | $14.9M-18.0% | $18.2M-29.0% | $25.6M-27.7% | $35.4M |
| Cost of Revenue | $7.4M-40.0% | $12.3M+24.7% | $9.9M-18.2% | $12.0M+12.9% | $10.7M-26.9% | $14.6M-21.7% | $18.6M-22.0% | $23.9M |
| Gross Profit | $5.1M-41.8% | $8.7M+22.3% | $7.1M+3.9% | $6.9M+62.5% | $4.2M+18.8% | $3.6M-48.8% | $7.0M-39.5% | $11.5M |
| R&D Expenses | $629K+98.6% | $317K-59.8% | $787K+443.4% | $145K-82.8% | $841K | N/A | $95K | N/A |
| SG&A Expenses | $4.2M+23.0% | $3.4M+1.1% | $3.4M-23.3% | $4.4M+4.9% | $4.2M-3.9% | $4.4M+12.8% | $3.9M-4.9% | $4.1M |
| Operating Income | -$1.0M-137.7% | $2.8M+54.0% | $1.8M+1159.0% | $142K+105.3% | -$2.7M+3.0% | -$2.8M-1019.2% | $304K-91.5% | $3.6M |
| Interest Expense | $6K+130.1% | -$19K-5012.1% | -$373-100.6% | $64K+5744.4% | $1K+100.6% | -$170K-363.9% | $64K-3.3% | $67K |
| Income Tax | -$169K-127.1% | $622K+51.5% | $411K+1404.3% | $27K+105.1% | -$540K-23.3% | -$438K+29.6% | -$622K-176.4% | $814K |
| Net Income | -$1.0M-150.5% | $2.0M+30.6% | $1.5M+1865.0% | $78K+103.7% | -$2.1M-20.5% | -$1.7M+30.7% | -$2.5M-188.9% | $2.8M |
| EPS (Diluted) | $-0.02 | N/A | $0.04 | $0.00+100.0% | $-0.05 | N/A | $-0.06-185.7% | $0.07 |
MAMO Balance Sheet
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | N/A | $51.4M+15.9% | $44.4M-3.4% | $45.9M-0.9% | $46.4M-15.6% | $54.9M-3.8% | $57.1M+14.4% | $49.9M |
| Current Assets | N/A | $39.8M+15.0% | $34.6M-1.8% | $35.3M+0.5% | $35.1M-19.5% | $43.6M-3.2% | $45.1M-0.3% | $45.2M |
| Cash & Equivalents | N/A | $5.8M+123.0% | $2.6M+6.3% | $2.4M+189.3% | $844K-91.7% | $10.2M+492.3% | $1.7M+34.9% | $1.3M |
| Inventory | N/A | $26.0M+3.6% | $25.1M+7.2% | $23.4M-4.0% | $24.4M-10.5% | $27.3M-11.8% | $30.9M+0.3% | $30.8M |
| Accounts Receivable | N/A | $5.3M-1.0% | $5.4M-33.8% | $8.1M+45.4% | $5.6M+15.9% | $4.8M-58.2% | $11.6M+0.8% | $11.5M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | N/A | $27.7M+22.3% | $22.7M-12.1% | $25.8M-2.5% | $26.4M-20.3% | $33.2M-3.8% | $34.5M+37.3% | $25.1M |
| Current Liabilities | N/A | $22.3M+33.0% | $16.7M-13.7% | $19.4M-0.9% | $19.6M-24.0% | $25.7M-2.1% | $26.3M+45.0% | $18.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | N/A | $23.7M+9.2% | $21.7M+7.7% | $20.2M+1.3% | $19.9M-8.3% | $21.7M-3.7% | $22.5M-8.8% | $24.7M |
| Retained Earnings | N/A | $16.6M+13.7% | $14.6M+11.7% | $13.0M+0.6% | $13.0M-13.9% | $15.0M-10.3% | $16.8M-13.0% | $19.3M |
MAMO Cash Flow Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.4M-134.4% | $4.0M+531.6% | $633K+145.5% | -$1.4M+58.3% | -$3.3M-136.8% | $9.1M+92.5% | $4.7M+172.8% | -$6.5M |
| Capital Expenditures | $262K | $0 | N/A | N/A | N/A | -$36K-144.1% | $82K-65.3% | $237K |
| Free Cash Flow | -$1.6M-141.0% | $4.0M | N/A | N/A | N/A | $9.0M+95.1% | $4.6M+169.0% | -$6.7M |
| Investing Cash Flow | -$252K+62.1% | -$666K | N/A | N/A | -$3.0M-8367.2% | $36K+144.1% | -$82K+59.5% | -$203K |
| Financing Cash Flow | -$12K+91.8% | -$142K+65.7% | -$413K-3727.9% | -$11K+99.6% | -$3.0M-388.9% | -$619K+85.2% | -$4.2M-154.0% | $7.7M |
| Dividends Paid | N/A | N/A | 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 | N/A | N/A |
MAMO Financial Ratios
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.9%-1.6pp | 41.5%-0.5pp | 42.0%+5.7pp | 36.3%+8.0pp | 28.3%+8.8pp | 19.6%-7.6pp | 27.2%-5.3pp | 32.5% |
| Operating Margin | -8.2%-21.3pp | 13.1%+2.6pp | 10.5%+9.8pp | 0.8%+18.9pp | -18.2%-2.8pp | -15.4%-16.5pp | 1.2%-8.9pp | 10.1% |
| Net Margin | -7.9%-17.4pp | 9.5%+0.5pp | 9.0%+8.6pp | 0.4%+14.4pp | -14.0%-4.5pp | -9.5%+0.2pp | -9.8%-17.7pp | 8.0% |
| Return on Equity | N/A | 8.4%+1.4pp | 7.0%+6.6pp | 0.4%+10.9pp | -10.5%-2.5pp | -8.0%+3.1pp | -11.1%-22.5pp | 11.4% |
| Return on Assets | N/A | 3.9%+0.4pp | 3.4%+3.3pp | 0.2%+4.7pp | -4.5%-1.3pp | -3.2%+1.2pp | -4.4%-10.0pp | 5.7% |
| Current Ratio | N/A | 1.79-0.3 | 2.07+0.3 | 1.82+0.0 | 1.79+0.1 | 1.69-0.0 | 1.72-0.8 | 2.50 |
| Debt-to-Equity | N/A | 1.17+0.1 | 1.04-0.2 | 1.28-0.0 | 1.33-0.2 | 1.530.0 | 1.53+0.5 | 1.02 |
| FCF Margin | -12.9%-31.9pp | 19.0% | N/A | N/A | N/A | 49.7%+31.6pp | 18.1%+37.0pp | -18.9% |
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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 return on equity (ROE)?
Massimo Group (MAMO) has a return on equity of 6.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
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 total assets?
Massimo Group (MAMO) had $51.4M in total assets as of fiscal year 2025, including both current and long-term assets.
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.
What is Massimo Group's current ratio?
Massimo Group (MAMO) had a current ratio of 1.79 as of fiscal year 2025, which is generally considered healthy.
What is Massimo Group's debt-to-equity ratio?
Massimo Group (MAMO) had a debt-to-equity ratio of 1.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Massimo Group's return on assets (ROA)?
Massimo Group (MAMO) had a return on assets of 2.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Massimo Group's cash runway?
Based on fiscal year 2025 data, Massimo Group (MAMO) had $5.8M in cash against an annual operating cash burn of $98K. This gives an estimated cash runway of approximately 707 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Massimo Group's Altman Z-Score?
Massimo Group (MAMO) has an Altman Z-Score of 3.28, 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 Massimo Group's Piotroski F-Score?
Massimo Group (MAMO) has a Piotroski F-Score of 3 out of 9, indicating weak 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
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.
How financially healthy is Massimo Group?
Massimo Group (MAMO) scores 39 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.