Maui Ld & Pineap Financials

MLP

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Maui Ld & Pineap (MLP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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 MLP FY2025 2026-05-15

A working-capital rebound made operations cash-positive, but reinvestment needs and non-operating drag kept reported results negative.

In FY2025, operating cash flow was $2.1M while net loss was -$10.6M, so the income statement and cash statement were telling very different stories. The clearest bridge is accounts receivable: it fell sharply from the prior year even as revenue rose, meaning collections improved; that supported cash generation, but capital spending still pushed free cash flow below zero.

The operating picture improved faster than the bottom line suggests: operating margin improved to -23.4% from -63.6% in FY2024, which means higher activity covered more fixed costs. Because SG&A still rose to $4.7M, the margin change looks more like better cost absorption than a structurally leaner overhead base.

The balance sheet looks more solvency-oriented than liquidity-rich: FY2025 ended with $48.0M of assets against $14.9M of liabilities, so leverage is not the central constraint. But the current ratio has slid from 6.6x in FY2022 to 1.2x, showing the short-term cushion has narrowed materially even though liabilities remain manageable relative to the asset base.

Financial Health Signals

Financial Health Score 65/100

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 Maui Ld & Pineap'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

11.07

Maui Ld & Pineap scores 11.07, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($323.6M) relative to total liabilities ($14.9M). 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

3/7

Maui Ld & Pineap passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-0.20x

For every $1 of reported earnings, Maui Ld & Pineap generates $-0.20 in operating cash flow ($2.1M OCF vs -$10.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-21.1x

Maui Ld & Pineap earns $-21.1 in operating income for every $1 of interest expense (-$4.5M vs $216K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$19.5M

YoY+68.2%

5Y CAGR+20.9%

10Y CAGR-1.6%

Maui Ld & Pineap generated $19.5M in revenue in fiscal year 2025. This represents an increase of 68.2% from the prior year.

EBITDA

-$3.4M

YoY+48.5%

Maui Ld & Pineap's EBITDA was -$3.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.5% from the prior year.

Net Income

-$10.6M

YoY-43.1%

Maui Ld & Pineap reported -$10.6M in net income in fiscal year 2025. This represents a decrease of 43.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$484K

YoY+67.8%

Maui Ld & Pineap generated -$484K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 67.8% from the prior year.

Cash & Debt

$5.3M

YoY-22.5%

5Y CAGR+43.5%

10Y CAGR+17.2%

Maui Ld & Pineap held $5.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

20M

YoY+0.5%

5Y CAGR+0.4%

10Y CAGR+0.4%

Maui Ld & Pineap had 20M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-23.4%

YoY+40.2pp

5Y CAGR+10.5pp

10Y CAGR-64.3pp

Maui Ld & Pineap's operating margin was -23.4% in fiscal year 2025, reflecting core business profitability. This is up 40.2 percentage points from the prior year.

Net Margin

-54.4%

YoY+9.5pp

5Y CAGR-19.8pp

10Y CAGR-84.3pp

Maui Ld & Pineap's net profit margin was -54.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 9.5 percentage points from the prior year.

Return on Equity

-32.0%

YoY-9.7pp

5Y CAGR-19.0pp

Maui Ld & Pineap's ROE was -32.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 9.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2.6M

YoY+36.8%

5Y CAGR+37.7%

Maui Ld & Pineap invested $2.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 36.8% from the prior year.

MLP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$19.5M+68.2%	$11.6M+24.5%	$9.3M-55.7%	$21.0M+68.4%	$12.4M+65.0%	$7.5M
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	$4.7M+10.4%	$4.3M+7.5%	$4.0M+43.0%	$2.8M+8.8%	$2.6M+5.1%	$2.4M
Operating Income	-$4.5M+38.2%	-$7.4M-47.9%	-$5.0M-151.7%	$9.6M+486.9%	$1.6M+164.1%	-$2.6M
Interest Expense	-$216K-254.1%	-$61K-916.7%	-$6K0.0%	-$6K+95.1%	-$122K+9.0%	-$134K
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$10.6M-43.1%	-$7.4M-140.0%	-$3.1M-272.4%	$1.8M+152.3%	-$3.4M-31.3%	-$2.6M
EPS (Diluted)	N/A	$-0.38-153.3%	$-0.15	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$3.4M-24.8%	$4.5M0.0%	$4.5M-1.7%	$4.6M-20.7%	$5.8M+70.3%	$3.4M+12.6%	$3.0M+14.5%	$2.6M
Cost of Revenue	$1.8M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$1.6M	N/A	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	N/A	N/A
SG&A Expenses	$1.3M+14.2%	$1.1M+7.0%	$1.1M+3.5%	$1.0M-32.3%	$1.5M+57.4%	$964K-16.8%	$1.2M+3.6%	$1.1M
Operating Income	-$2.0M-18.7%	-$1.7M-371.4%	-$360K+49.4%	-$711K+60.0%	-$1.8M+3.4%	-$1.8M+17.5%	-$2.2M-18.7%	-$1.9M
Interest Expense	-$62K-12.7%	-$55K+5.2%	-$58K-5.5%	-$55K-14.6%	-$48K+12.7%	-$55K-2650.0%	-$2K0.0%	-$2K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$2.1M-74.5%	-$1.2M-591.7%	$240K+124.0%	-$999K+88.4%	-$8.6M-353.1%	-$1.9M+14.8%	-$2.2M-19.5%	-$1.9M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$-0.09

MLP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$48.0M-4.3%	$50.1M+18.7%	$42.2M-0.4%	$42.4M+11.8%	$37.9M-1.4%	$38.5M
Current Assets	$9.1M-39.8%	$15.1M+51.2%	$10.0M-34.3%	$15.2M+49.6%	$10.2M+4.4%	$9.8M
Cash & Equivalents	$5.3M-22.5%	$6.8M+19.9%	$5.7M-32.9%	$8.5M+51.9%	$5.6M+544.0%	$869K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.4M-72.7%	$5.0M+330.2%	$1.2M+30.7%	$892K-19.1%	$1.1M-19.0%	$1.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$14.9M-12.1%	$17.0M+125.5%	$7.5M-12.9%	$8.6M-39.7%	$14.3M-22.1%	$18.4M
Current Liabilities	$7.4M-34.3%	$11.2M+352.0%	$2.5M+7.5%	$2.3M-3.8%	$2.4M-18.7%	$2.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$33.1M-0.4%	$33.2M-4.4%	$34.7M+2.8%	$33.8M+43.2%	$23.6M+17.6%	$20.1M
Retained Earnings	-$71.6M-17.3%	-$61.0M-13.8%	-$53.6M-6.1%	-$50.5M+3.4%	-$52.3M-7.0%	-$48.9M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$47.9M-0.2%	$48.0M+4.6%	$45.8M+0.2%	$45.7M-3.2%	$47.2M-5.8%	$50.1M+9.2%	$45.9M+9.5%	$41.9M
Current Assets	$8.0M-12.1%	$9.1M-10.1%	$10.1M-11.2%	$11.4M-9.3%	$12.6M-17.0%	$15.1M+32.1%	$11.4M+32.2%	$8.7M
Cash & Equivalents	$3.8M-27.4%	$5.3M+7.5%	$4.9M-24.6%	$6.5M-17.1%	$7.9M+15.3%	$6.8M+11.4%	$6.1M+64.4%	$3.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.9M+37.8%	$1.4M-43.2%	$2.4M+32.2%	$1.8M-31.2%	$2.6M-47.2%	$5.0M+227.0%	$1.5M+14.7%	$1.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$15.8M+6.1%	$14.9M+23.0%	$12.1M-37.7%	$19.4M-5.2%	$20.5M+21.0%	$17.0M+42.2%	$11.9M+54.5%	$7.7M
Current Liabilities	$5.8M-21.5%	$7.4M+0.2%	$7.3M-50.2%	$14.7M-6.4%	$15.8M+40.5%	$11.2M+179.8%	$4.0M+37.5%	$2.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$32.1M-3.1%	$33.1M-2.0%	$33.7M+28.2%	$26.3M-1.6%	$26.7M-19.5%	$33.2M-2.4%	$34.0M-0.7%	$34.2M
Retained Earnings	-$73.6M-2.9%	-$71.6M-1.7%	-$70.4M+0.3%	-$70.6M-1.4%	-$69.6M-14.2%	-$61.0M-3.2%	-$59.1M-3.9%	-$56.9M

MLP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.1M+460.8%	$370K+127.0%	-$1.4M-121.9%	$6.3M+351.6%	$1.4M-37.0%	$2.2M
Capital Expenditures	$2.6M+36.8%	$1.9M+128.4%	$819K+2381.8%	$33K-68.0%	$103K-80.1%	$517K
Free Cash Flow	-$484K+67.8%	-$1.5M+31.5%	-$2.2M-135.2%	$6.2M+385.2%	$1.3M-23.7%	$1.7M
Investing Cash Flow	-$3.4M-60.5%	-$2.1M-143.4%	-$864K+71.3%	-$3.0M-173.5%	$4.1M+893.0%	-$517K
Financing Cash Flow	-$240K-108.4%	$2.9M+599.7%	-$574K-71.3%	-$335K+55.9%	-$760K+49.2%	-$1.5M
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

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$2.0M-154.2%	$3.7M+499.2%	-$932K-7.0%	-$871K-654.8%	$157K-29.6%	$223K-67.7%	$690K+229.5%	-$533K
Capital Expenditures	N/A	N/A	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	N/A	N/A
Investing Cash Flow	-$1.2M+64.6%	-$3.5M-427.4%	-$657K-48.0%	-$444K-137.3%	$1.2M+130.4%	$517K+140.6%	-$1.3M-15.7%	-$1.1M
Financing Cash Flow	$1.8M+1484.1%	$113K+638.1%	-$21K+32.3%	-$31K+89.7%	-$301K-600.0%	-$43K-101.4%	$3.0M+29990.0%	-$10K
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

MLP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-23.4%+40.2pp	-63.6%-10.1pp	-53.5%-99.3pp	45.8%+32.7pp	13.2%+47.0pp	-33.9%
Net Margin	-54.4%+9.5pp	-63.9%-30.8pp	-33.2%-41.7pp	8.5%+36.0pp	-27.5%+7.1pp	-34.5%
Return on Equity	-32.0%-9.7pp	-22.3%-13.4pp	-8.9%-14.2pp	5.3%+19.8pp	-14.5%-1.5pp	-13.0%
Return on Assets	-22.1%-7.3pp	-14.7%-7.4pp	-7.3%-11.5pp	4.2%+13.2pp	-9.0%-2.3pp	-6.8%
Current Ratio	1.24-0.1	1.35-2.7	4.03-2.6	6.60+2.4	4.25+0.9	3.31
Debt-to-Equity	0.45-0.1	0.51+0.3	0.22-0.0	0.26-0.4	0.61-0.3	0.92
FCF Margin	-2.5%+10.5pp	-13.0%+10.6pp	-23.6%-53.3pp	29.7%+19.4pp	10.3%-12.0pp	22.3%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	47.6%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-59.2%-21.7pp	-37.5%-29.5pp	-8.0%+7.5pp	-15.4%+15.2pp	-30.6%+23.4pp	-54.0%+19.7pp	-73.7%-2.6pp	-71.1%
Net Margin	-60.5%-34.4pp	-26.1%-31.4pp	5.3%+27.0pp	-21.7%+127.1pp	-148.9%-92.9pp	-55.9%+17.9pp	-73.9%-3.1pp	-70.8%
Return on Equity	-6.4%-2.9pp	-3.6%-4.3pp	0.7%+4.5pp	-3.8%+28.5pp	-32.3%-26.6pp	-5.7%+0.8pp	-6.6%-1.1pp	-5.5%
Return on Assets	-4.3%-1.8pp	-2.5%-3.0pp	0.5%+2.7pp	-2.2%+16.1pp	-18.3%-14.5pp	-3.8%+1.1pp	-4.9%-0.4pp	-4.5%
Current Ratio	1.38+0.1	1.24-0.1	1.38+0.6	0.77-0.0	0.80-0.6	1.35-1.5	2.86-0.1	2.97
Debt-to-Equity	0.49+0.0	0.45+0.1	0.36-0.4	0.74-0.0	0.77+0.3	0.51+0.2	0.35+0.1	0.23
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Maui Ld & Pineap's annual revenue?

Maui Ld & Pineap (MLP) reported $19.5M in total revenue for fiscal year 2025. This represents a 68.2% 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 Maui Ld & Pineap's revenue growing?

Maui Ld & Pineap (MLP) revenue grew by 68.2% year-over-year, from $11.6M to $19.5M in fiscal year 2025.

Is Maui Ld & Pineap profitable?

No, Maui Ld & Pineap (MLP) reported a net income of -$10.6M in fiscal year 2025, with a net profit margin of -54.4%.

What is Maui Ld & Pineap's EBITDA?

Maui Ld & Pineap (MLP) had EBITDA of -$3.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Maui Ld & Pineap's operating margin?

Maui Ld & Pineap (MLP) had an operating margin of -23.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Maui Ld & Pineap's net profit margin?

Maui Ld & Pineap (MLP) had a net profit margin of -54.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Maui Ld & Pineap's return on equity (ROE)?

Maui Ld & Pineap (MLP) has a return on equity of -32.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Maui Ld & Pineap's free cash flow?

Maui Ld & Pineap (MLP) generated -$484K in free cash flow during fiscal year 2025. This represents a 67.8% 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 Maui Ld & Pineap's operating cash flow?

Maui Ld & Pineap (MLP) generated $2.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Maui Ld & Pineap's total assets?

Maui Ld & Pineap (MLP) had $48.0M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Maui Ld & Pineap's capital expenditures?

Maui Ld & Pineap (MLP) invested $2.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Maui Ld & Pineap have outstanding?

Maui Ld & Pineap (MLP) had 20M shares outstanding as of fiscal year 2025.

What is Maui Ld & Pineap's current ratio?

Maui Ld & Pineap (MLP) had a current ratio of 1.24 as of fiscal year 2025, which is considered adequate.

What is Maui Ld & Pineap's debt-to-equity ratio?

Maui Ld & Pineap (MLP) had a debt-to-equity ratio of 0.45 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Maui Ld & Pineap's return on assets (ROA)?

Maui Ld & Pineap (MLP) had a return on assets of -22.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Maui Ld & Pineap's Altman Z-Score?

Maui Ld & Pineap (MLP) has an Altman Z-Score of 11.07, 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 Maui Ld & Pineap's Piotroski F-Score?

Maui Ld & Pineap (MLP) has a Piotroski F-Score of 3 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 Maui Ld & Pineap's earnings high quality?

Maui Ld & Pineap (MLP) has an earnings quality ratio of -0.20x, 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.

Can Maui Ld & Pineap cover its interest payments?

Maui Ld & Pineap (MLP) has an interest coverage ratio of -21.1x, meaning it can struggle to 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 Maui Ld & Pineap?

Maui Ld & Pineap (MLP) scores 65 out of 100 on our Financial Health Score, indicating strong 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.