MAMO · Massimo Group - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.71M | - | $16.99M | $18.92M | $14.90M | - | $25.60M | $26.74M | $30.15M | - |
| Cost of Revenue | $7.64M | - | $18.65M | $12.05M | $10.68M | - | $18.65M | $23.90M | $19.70M | - |
| Gross Profit | $5.08M | - | $7.13M | $6.87M | $4.22M | - | $6.95M | $8.10M | $10.45M | - |
| R&D | $628.8K | - | $786.6K | $144.8K | $841.2K | - | $94.8K | - | $162.3K | - |
| SG&A | $4.22M | - | $3.40M | $4.43M | $4.22M | - | $3.90M | $3.34M | $4.11M | - |
| Total Operating Expenses | $6.11M | - | $5.35M | $6.72M | $6.93M | - | $6.65M | $5.82M | $6.48M | - |
| D&A | $39.1K | - | $37.9K | $33.5K | $33.5K | - | $31.1K | $35.0K | $36.5K | - |
| Operating Income | ($1.04M) | - | $1.79M | $142.1K | ($2.71M) | - | $303.5K | $3.56M | $3.97M | - |
| Interest Expense | $5.7K | - | ($373) | $63.7K | $137.7K | - | $64.5K | $66.6K | $137.7K | - |
| Income Tax | ($168.9K) | - | $410.6K | $27.3K | ($539.8K) | - | $1.11M | $813.9K | $900.3K | - |
| Net Income | ($1.01M) | - | $1.53M | $77.7K | ($2.09M) | - | ($2.50M) | $2.82M | $3.18M | - |
| EPS - Basic | ($0.02) | - | $0.04 | $0.00 | ($0.05) | - | $0.10 | $0.05 | $0.08 | - |
| EPS - Diluted | ($0.02) | - | $0.04 | $0.00 | ($0.05) | - | $0.10 | $0.07 | $0.08 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.15M | $5.79M | $2.60M | $2.44M | $207.1K | $10.21M | $1.16M | $931.9K | - | $765.8K |
| Accounts Receivable | $4.09M | $5.33M | $5.38M | $8.13M | $5.59M | $6.59M | $11.56M | $11.47M | $14.20M | $9.57M |
| Inventory | $23.94M | $26.01M | $25.09M | $23.41M | $24.39M | $27.26M | $30.91M | $30.83M | $27.18M | $25.80M |
| Accounts Payable | $2.33M | $7.73M | $4.70M | $6.24M | $5.73M | $9.57M | $9.76M | $8.21M | $14.77M | $12.68M |
| Current Assets | $32.91M | $39.85M | $34.64M | $35.28M | $35.10M | $45.39M | $45.09M | $45.24M | $43.68M | $38.36M |
| Total Assets | $44.29M | $51.43M | $44.38M | $45.94M | $46.35M | $56.69M | $57.05M | $49.86M | $47.27M | $41.94M |
| Current Liabilities | $16.62M | $22.25M | $16.73M | $19.39M | $19.56M | $26.15M | $26.28M | $18.12M | $20.64M | $18.83M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $21.61M | $27.72M | $22.66M | $25.78M | $26.45M | $33.60M | $34.51M | $25.14M | $29.13M | $27.46M |
| Stockholders' Equity | $22.68M | $23.71M | $21.72M | $20.16M | $19.90M | $23.10M | $10.43M | $6.11M | $18.14M | $14.49M |
| Retained Earnings | $15.55M | $16.56M | $14.56M | $13.04M | $12.96M | $16.44M | $16.78M | $19.28M | $16.47M | $13.29M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.38M) | - | - | - | ($3.34M) | - | - | - | ($635.7K) | - |
| Investing Cash Flow | ($252.5K) | - | - | - | ($3.00M) | - | - | - | $23.6K | - |
| Financing Cash Flow | ($11.6K) | - | - | - | ($3.03M) | - | - | - | $53.4K | - |
| CapEx | $262.5K | - | - | - | - | - | $44.2K | $24.7K | $104.4K | - |
| Free Cash Flow | ($1.64M) | - | - | - | - | - | - | - | ($740.1K) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 39.9% | - | 42.0% | 36.3% | 28.4% | - | 27.2% | 30.3% | 34.7% | - |
| Operating margin | -8.2% | - | 10.5% | 0.8% | -18.2% | - | 1.2% | 13.3% | 13.2% | - |
| EBITDA margin | -7.9% | - | 10.8% | 0.9% | -17.9% | - | 1.3% | 13.5% | 13.3% | - |
| Net margin | -7.9% | - | 9.0% | 0.4% | -14.0% | - | -9.8% | 10.5% | 10.6% | - |
| Free cash flow margin | -12.9% | - | - | - | - | - | - | - | -2.5% | - |
| FCF / Net income | 1.63 | - | - | - | - | - | - | - | -0.23 | - |
| R&D / Revenue | 4.9% | - | 4.6% | 0.8% | 5.6% | - | 0.4% | - | 0.5% | - |
| SG&A / Revenue | 33.2% | - | 20.0% | 23.4% | 28.3% | - | 15.2% | 12.5% | 13.6% | - |
| Effective tax rate | - | - | 21.2% | 26.0% | - | - | - | 22.4% | 22.1% | - |
| Return on assets | -2.3% | - | 3.4% | 0.2% | -4.5% | - | -4.4% | 5.6% | 6.7% | - |
| Return on equity | -4.4% | - | 7.0% | 0.4% | -10.5% | - | -24.0% | 46.1% | 17.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.98 | 1.79 | 2.07 | 1.82 | 1.79 | 1.74 | 1.72 | 2.50 | 2.12 | 2.04 |
| Quick ratio | 0.54 | 0.62 | 0.57 | 0.61 | 0.55 | 0.69 | 0.54 | 0.80 | 0.80 | 0.67 |
| Cash ratio | 0.25 | 0.26 | 0.16 | 0.13 | 0.01 | 0.39 | 0.04 | 0.05 | - | 0.04 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -180.8x | - | -4795.5x | 2.2x | -19.7x | - | 4.7x | 53.5x | 28.8x | - |
| Equity multiplier | 1.95 | 2.17 | 2.04 | 2.28 | 2.33 | 2.45 | 5.47 | 8.16 | 2.61 | 2.90 |
| Liabilities / Assets | 0.49 | 0.54 | 0.51 | 0.56 | 0.57 | 0.59 | 0.60 | 0.50 | 0.62 | 0.65 |
| Efficiency | ||||||||||
| Asset turnover | 0.29 | - | 0.38 | 0.41 | 0.32 | - | 0.45 | 0.54 | 0.64 | - |
| Inventory turnover | 0.32 | - | 0.74 | 0.51 | 0.44 | - | 0.60 | 0.78 | 0.72 | - |
| Days sales outstanding | 117d | - | 116d | 157d | 137d | - | 165d | 157d | 172d | - |
| Days inventory outstanding | 1144d | - | 491d | 709d | 834d | - | 605d | 471d | 504d | - |
| Days payable outstanding | 111d | - | 92d | 189d | 196d | - | 191d | 125d | 274d | - |
| Cash conversion cycle | 1150d | - | 515d | 677d | 775d | - | 579d | 502d | 402d | - |
| Valuation | ||||||||||
| P / E | - | - | 58.8x | - | - | - | 37.5x | 54.1x | - | - |
| P / B | 1.8x | - | 4.5x | 4.6x | 5.6x | - | 14.9x | 25.7x | - | - |
| P / S | 3.3x | - | 5.8x | 4.9x | 7.5x | - | 6.1x | 5.9x | - | - |
| EV / EBITDA | - | - | 52.2x | 512.6x | - | - | 459.6x | 43.3x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -14.7% | - | -33.6% | -29.2% | -50.6% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 20.1% | - | 2.6% | -15.3% | -59.6% | - | - | - | - | - |
| Operating income growth (YoY) | 61.6% | - | 489.3% | -96.0% | - | - | - | - | - | - |
| Net income growth (YoY) | 51.8% | - | - | -97.2% | - | - | - | - | - | - |
| EPS growth (YoY) | 60.0% | - | -60.0% | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 13.9% | 2.7% | 108.2% | 229.7% | 9.7% | 59.4% | - | - | - | 185.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$71.83M totalUTVs And ATVs Electric Bikes$70.43M · 98.0%
Pontoon Boats$1.40M · 2.0%
Peer comparison
Same SIC group: Miscellaneous Transportation Equipment
Comparing Massimo Group against the 2 most active filers in the same SIC group.