Maison Solutions Inc. (MSS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Mar 17, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MSS SEC filings page.
Maison Solutions Inc. (MSS) reported $118.7M in revenue over the twelve months to Jan 31, 2026, up 11.2% from the prior twelve months. This page shows its 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).
MSS has achieved rapid sales scale, but thin margins and persistent operating losses show limited operating leverage.
In FY2025, operating cash flow of$4.8M exceeded net income of$1.2M , showing that cash conversion recovered beyond reported earnings. That recovery followed negative operating cash flow in FY2024, while operating income remained negative in both years; the return to positive net income therefore was not generated by core operations alone.
Revenue more than doubled from
The balance sheet is not primarily debt-funded: debt-to-equity was 0.2x, yet the current ratio was only 0.6x. Liabilities of
Financial Health Signals
Scored against operating 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 Maison Solutions 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.
Maison Solutions Inc. has an operating margin of -1.0%, meaning the company loses $1 on every $100 of revenue. This results in a profitability score of 32/100. This is up from -4.7% the prior year.
Maison Solutions Inc.'s revenue surged 114.0% year-over-year to $124.2M, reflecting rapid business expansion. This strong growth earns a score of 95/100.
Maison Solutions Inc. carries a low D/E ratio of 0.22, meaning only $0.22 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.
Maison Solutions Inc.'s current ratio of 0.57 is below the typical benchmark, resulting in a score of 5/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Maison Solutions Inc.'s ROE of 10.0% shows moderate profitability relative to equity, earning a score of 32/100. This is up from -31.8% the prior year.
Maison Solutions Inc. scores 1.39, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Maison Solutions Inc. passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Maison Solutions Inc. generates $4.07 in operating cash flow ($4.8M OCF vs $1.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Maison Solutions Inc. reported an operating loss of $1.3M against $979K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Maison Solutions Inc. generated $29.5M in revenue in Q3 2026. This represents a decrease of 8.6% from the same quarter a year earlier. Against the prior quarter it is up 7.0%.
Maison Solutions Inc.'s EBITDA was -$2.6M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 301.9% from the same quarter a year earlier. Against the prior quarter it is down 128.7%.
Maison Solutions Inc. reported -$5.2M in net income in Q3 2026. This represents a decrease of 615.4% from the same quarter a year earlier. Against the prior quarter it is down 5.0%.
Maison Solutions Inc. earned -$0.21 per diluted share (EPS) in Q3 2026. This represents a decrease of 450.0% from the same quarter a year earlier. Against the prior quarter it is up 8.7%.
Cash & Balance Sheet
Maison Solutions Inc. held $1.5M in cash against $2.6M in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Maison Solutions Inc.'s gross margin was 25.5% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.2 percentage points.
Maison Solutions Inc.'s operating margin was -9.5% in Q3 2026, reflecting core business profitability. This is down 13.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.6 percentage points.
Maison Solutions Inc.'s net profit margin was -17.6% in Q3 2026, showing the share of revenue converted to profit. This is down 20.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.
Maison Solutions Inc.'s ROE was -67.7% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 76.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 24.9 percentage points.
Capital Allocation
None of these metrics is reported for Q3 2026.
MSS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.5M-8.6% | $27.6M-5.9% | $27.2M-3.6% | $34.4M+103.0% | $32.3M+137.7% | $29.4M+113.2% | $28.2M+104.9% | $16.9M+19.3% |
| Cost of Revenue | $22.0M-12.9% | $21.2M-1.4% | $20.6M+2.8% | $31.1M+111.2% | $25.3M+142.8% | $21.5M+101.7% | $20.0M+88.2% | $14.7M+32.2% |
| Gross Profit | $7.5M+7.0% | $6.5M-18.2% | $6.6M-19.4% | $3.3M+48.5% | $7.0M+121.0% | $7.9M+152.5% | $8.1M+162.0% | $2.2M-27.8% |
| SG&A Expenses | $6.0M+313.7% | $3.0M+50.4% | $1.6M+0.7% | $2.8M+93.6% | $1.5M+37.3% | $2.0M+240.2% | $1.6M+50.9% | $1.5M+18.4% |
| Operating Income | -$2.8M-337.6% | -$1.4M-246.5% | $184K-91.1% | -$5.4M-123.8% | $1.2M+486.2% | $926K+264.9% | $2.1M+1055.2% | -$2.4M-70587.0% |
| EBITDA | -$2.6M-301.9% | -$1.1M-209.5% | $405K-81.5% | -$4.7M-101.9% | $1.3M+644.0% | $1.0M+239.2% | $2.2M+1476.3% | -$2.3M-3693.3% |
| Interest Expense | $719K+3068.1% | $620K+2618.0% | $40K-75.0% | $775K+1296.4% | $23K+16.8% | $23K-23.8% | $159K+240.6% | -$65K-191.3% |
| Income Tax | $50K+397.8% | -$89K-115.8% | $321K-49.0% | -$999K-6405.9% | -$17K-110.7% | $561K+281.2% | $629K+428.8% | $16K-89.2% |
| Net Income | -$5.2M-615.4% | -$5.0M-1840.5% | -$1.5M-319.9% | -$287K+89.7% | $1.0M+284.3% | -$256K-379.9% | $701K+767.9% | -$2.8M-938.8% |
| EPS (Basic) | -$0.21-450.0% | -$0.23-2200.0% | -$0.08-300.0% | -$0.01+93.8% | $0.06+300.0% | -$0.01-200.0% | $0.04+500.0% | -$0.16-900.0% |
| EPS (Diluted) | -$0.21-450.0% | -$0.23-2200.0% | -$0.08-300.0% | -$0.01 | $0.06+300.0% | -$0.01 | $0.04 | -$0.16 |
| Diluted Shares (Avg) | 36M+109.0% | 26M+29.6% | 22M+11.0% | N/A | 17M-10.2% | 20M | 20M | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
MSS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $72.1M-12.9% | $75.4M-8.8% | $73.3M-10.7% | $77.4M-6.1% | $82.7M+87.2% | $82.7M+95.4% | $82.1M+142.5% | $82.4M+138.3% |
| Current Assets | $12.6M-17.9% | $14.1M-1.4% | $13.3M+5.6% | $12.5M-10.8% | $15.3M+4.6% | $14.3M+0.6% | $12.6M+88.4% | $14.0M+68.8% |
| Cash & Equivalents | $1.5M+241.1% | $1.4M+283.9% | $1.1M+81.8% | $775K-62.6% | $445K-95.3% | $356K-95.9% | $589K-63.5% | $2.1M-19.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $5.6M-47.2% | $6.1M-31.1% | $5.9M-19.9% | $5.3M-21.7% | $10.7M+252.9% | $8.9M+214.3% | $7.4M+156.0% | $6.8M+128.3% |
| Accounts Receivable | $335K+284.8% | $2.1M+1861.3% | $2.3M+1809.2% | $2.7M+2276.4% | $87K-88.5% | $106K | $123K-68.7% | $112K-64.5% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $14.9M-12.2% | $14.9M-12.2% | $14.9M-12.2% | $14.9M0.0% | $17.0M+663.1% | $17.0M+663.1% | $17.0M+663.1% | $14.9M+569.7% |
| Total Liabilities | $64.5M-8.8% | $64.0M-10.8% | $63.4M-10.4% | $65.7M-8.3% | $70.7M+131.4% | $71.7M+118.8% | $70.7M+113.8% | $71.7M+112.1% |
| Current Liabilities | $18.8M-29.9% | $18.3M-38.9% | $23.1M-18.6% | $21.9M-23.9% | $26.8M+306.4% | $30.0M+260.8% | $28.4M+249.0% | $28.8M+243.6% |
| Non-Current Liabilities | $45.7M+4.1% | $45.6M+9.4% | $40.2M-5.0% | $41.4M-3.5% | $43.9M+83.2% | $41.7M+70.6% | $42.3M+69.7% | $42.9M+68.8% |
| Long-Term Debt | $2.6M | $2.6M | $2.6M+2.2% | $2.6M+2.1% | N/A | N/A | $2.5M | $2.6M-2.4% |
| Total Equity | $7.7M-35.6% | $11.6M+6.2% | $10.1M-9.6% | $11.7M+11.1% | $12.0M-10.0% | $10.9M+18.6% | $11.2M+2570.4% | $10.5M+1902.3% |
| Retained Earnings | -$13.4M-882.6% | -$8.2M-243.8% | -$3.2M-50.7% | -$1.6M+41.5% | -$1.4M-3326.2% | -$2.4M-565.9% | -$2.1M-606.6% | -$2.8M-639.0% |
MSS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.5M-7.8% | -$1.7M-253.6% | $1.1M-69.7% | -$1.6M+37.7% | $1.7M+223.1% | $1.1M+1031.7% | $3.6M+501.0% | -$2.6M-2280.4% |
| Depreciation & Amortization | $219K+117.9% | $221K+98.5% | $221K+91.0% | $256K+195.1% | $101K+42.7% | $111K+113.8% | $116K+99.5% | $87K+40.2% |
| Investing Cash Flow | -$881K-4028.1% | -$2.0M-2103.4% | -$1K+99.0% | -$21K+99.6% | -$21K+99.0% | -$92K+93.9% | -$103K+92.9% | -$5.0M-19702.2% |
| Financing Cash Flow | -$514K+67.2% | $4.1M+421.1% | -$790K+72.7% | -$93K-134.1% | -$1.6M-136.0% | -$1.3M-114.7% | -$2.9M-2754.5% | $274K+360.5% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
MSS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.5%+3.7pp | 23.4%-3.5pp | 24.1%-4.7pp | 9.5%-3.5pp | 21.8%-1.6pp | 26.9%+4.2pp | 28.9%+6.3pp | 13.0%-8.5pp |
| Operating Margin | -9.5%-13.2pp | -4.9%-8.1pp | 0.7%-6.7pp | -15.8%-1.5pp | 3.7%+5.9pp | 3.2%+1.3pp | 7.3%+8.9pp | -14.4%-14.4pp |
| Net Margin | -17.6%-20.8pp | -18.0%-17.1pp | -5.7%-8.2pp | -0.8%+15.6pp | 3.1%+7.2pp | -0.9%-1.5pp | 2.5%+3.3pp | -16.4%-18.7pp |
| Return on Equity | -67.7%-76.1pp | -42.8%-40.4pp | -15.2%-21.5pp | -2.5%+24.0pp | 8.5%+12.6pp | -2.3%-3.3pp | 6.3%+31.3pp | -26.5%-89.6pp |
| Return on Assets | -7.2%-8.5pp | -6.6%-6.3pp | -2.1%-3.0pp | -0.4%+3.0pp | 1.2%+2.5pp | -0.3%-0.5pp | 0.9%+1.2pp | -3.4%-4.3pp |
| Current Ratio | 0.67+0.1x | 0.77+0.3x | 0.58+0.1x | 0.57+0.1x | 0.57-1.6x | 0.48-1.2x | 0.44-0.4x | 0.49-0.5x |
| Debt-to-Equity | 0.33-5.6x | 0.22-6.3x | 0.260.0x | 0.220.0x | 5.92+5.7x | 6.55+3.0x | 0.23-78.7x | 0.24-4.8x |
| Asset Turnover | 0.410.0x | 0.370.0x | 0.370.0x | 0.44+0.2x | 0.39+0.1x | 0.350.0x | 0.34-0.1x | 0.21-0.2x |
Not reported in any period shown, so not listed: FCF Margin.
Note: The current ratio is below 1.0 (0.57), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Maison Solutions Inc. MSS | FY2025 | $124.2M | $1.2M | 0.9% | $1.6M | 44/100 |
| Grocery Outlet Holding Corp. GO | FY2025 | $4.7B | -$224.9M | -4.8% | $1.1B | 39/100 |
| Weis Markets, Inc. WMK | FY2025 | $5.0B | $93.7M | 1.9% | $1.8B | 51/100 |
| Ingles Markets Inc IMKTA | FY2025 | $5.3B | $83.6M | 1.6% | $1.6B | 48/100 |
| Village Super Market VLGEA | FY2025 | $2.3B | $56.4M | 2.4% | $640.2M | 52/100 |
| Dingdong (Cayman) Limited American DDL | FY2025 | $3.5B | $33.1M | 0.9% | $467.9M | 33/100 |
Where Maison Solutions Inc. Ranks
Frequently Asked Questions
What is Maison Solutions Inc.'s annual revenue?
Maison Solutions Inc. (MSS) reported $124.2M in total revenue for fiscal year 2025. This represents a 114.0% 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 Maison Solutions Inc.'s revenue growing?
Maison Solutions Inc. (MSS) revenue grew by 114.0% year-over-year, from $58.0M to $124.2M in fiscal year 2025.
Is Maison Solutions Inc. profitable?
Yes, Maison Solutions Inc. (MSS) reported a net income of $1.2M in fiscal year 2025, with a net profit margin of 0.9%.
What is Maison Solutions Inc.'s EBITDA?
Maison Solutions Inc. (MSS) had EBITDA of -$230K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Maison Solutions Inc. have?
As of fiscal year 2025, Maison Solutions Inc. (MSS) had $775K in cash and equivalents against $2.6M in long-term debt.
What is Maison Solutions Inc.'s gross margin?
Maison Solutions Inc. (MSS) had a gross margin of 21.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Maison Solutions Inc.'s operating margin?
Maison Solutions Inc. (MSS) had an operating margin of -1.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Maison Solutions Inc.'s net profit margin?
Maison Solutions Inc. (MSS) had a net profit margin of 0.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Maison Solutions Inc.'s return on equity (ROE)?
Maison Solutions Inc. (MSS) has a return on equity of 10.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Maison Solutions Inc.'s operating cash flow?
Maison Solutions Inc. (MSS) generated $4.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Maison Solutions Inc.'s total assets?
Maison Solutions Inc. (MSS) had $77.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Maison Solutions Inc.'s current ratio?
Maison Solutions Inc. (MSS) had a current ratio of 0.57 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Maison Solutions Inc.'s debt-to-equity ratio?
Maison Solutions Inc. (MSS) had a debt-to-equity ratio of 0.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Maison Solutions Inc.'s return on assets (ROA)?
Maison Solutions Inc. (MSS) had a return on assets of 1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Maison Solutions Inc.'s P/E ratio?
Maison Solutions Inc. (MSS) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to January 31, 2026). The market capitalization is $1.6M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Maison Solutions Inc.'s price-to-sales ratio?
Maison Solutions Inc. (MSS) trades at 0.0x sales, its market capitalization divided by revenue of $118.7M revenue, trailing 12 months to January 31, 2026. The market capitalization is $1.6M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Maison Solutions Inc.'s Altman Z-Score?
Maison Solutions Inc. (MSS) has an Altman Z-Score of 1.39, placing it in the Distress Zone (elevated 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 Maison Solutions Inc.'s Piotroski F-Score?
Maison Solutions Inc. (MSS) has a Piotroski F-Score of 7 out of 8 computable signals; 1 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 Maison Solutions Inc.'s earnings high quality?
Maison Solutions Inc. (MSS) has an earnings quality ratio of 4.07x, considered cash-backed (high 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 Maison Solutions Inc. cover its interest payments?
Maison Solutions Inc. (MSS) reported an operating loss of $1.3M against $979K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Maison Solutions Inc.?
Maison Solutions Inc. (MSS) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), 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.