Massimo Group MAMO
Group is a U.S.-based provider of utility-focused powersports and recreational vehicles, serving rural, agricultural, and commercial
customers through a nationwide distribution and service network that enables broad market coverage, efficient product delivery, and ongoing
dealer and customer support. Our product portfolio includes utility terrain vehicles ("UTVs"), all-terrain vehicles ("ATVs"),
golf carts, scooters, and pontoon boats. We are focused on transitioning the traditional powersports category toward utility-driven,
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $71.8M | $109.3M | $115.0M | $86.5M | — |
| Cost of revenue | $44.9M | $76.9M | $79.1M | $64.3M | — |
| Gross profit | $26.9M | $32.5M | $35.9M | $22.2M | — |
| R&D | $2.1M | $343.5K | — | — | — |
| SG&A | $15.5M | $16.5M | $13.2M | $8.9M | — |
| Total operating expenses | $25.0M | $27.4M | $23.0M | $17.6M | — |
| Operating income | $2.0M | $5.0M | $12.9M | $4.6M | — |
| Interest expense | $45.4K | $98.7K | $518.7K | $828.0K | — |
| Pre-tax income | $2.0M | $2.4M | $12.5M | $4.2M | — |
| Income tax | $520.1K | $654.8K | $2.1M | — | — |
| Net income | $1.5M | $1.8M | $10.4M | $4.2M | — |
| EPS, basic | 0.04 | 0.04 | 0.26 | — | — |
| EPS, diluted | 0.04 | 0.04 | 0.26 | — | — |
| Shares, diluted (wtd. avg.) | $41.6M | $41.2M | $40.0M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $5.8M | $10.2M | $765.8K | $948.0K | $1.3M |
| Receivables | $5.3M | $4.8M | $9.6M | $6.8M | — |
| Inventory | $26.0M | $27.3M | $25.8M | $23.8M | — |
| Total current assets | $39.8M | $43.6M | $38.4M | $34.6M | — |
| Property, plant and equipment | $456.1K | $532.3K | $400.0K | $414.6K | — |
| Total assets | $51.4M | $54.9M | $41.9M | $36.9M | — |
| Accounts payable | $7.7M | $9.6M | $10.3M | $11.1M | — |
| Short-term debt | — | — | $303.6K | $5.6M | — |
| Total current liabilities | $22.3M | $25.7M | $18.8M | $31.1M | — |
| Total liabilities | $27.7M | $33.2M | $27.5M | $31.8M | — |
| Retained earnings | $16.6M | $15.0M | $13.3M | $5.1M | — |
| Total equity | $23.7M | $21.7M | $14.5M | $5.1M | $12.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$98.3K | $6.7M | $10.9M | $621.3K | — |
| Depreciation and amortisation | $141.5K | $129.6K | $151.5K | $146.7K | — |
| Stock-based compensation | $191.6K | $224.2K | — | — | — |
| Capital expenditure | $65.4K | $387.9K | $134.7K | $197.8K | — |
| Investing cash flow | -$731.0K | -$225.9K | -$121.2K | -$197.8K | — |
| Financing cash flow | -$3.6M | $3.0M | -$11.0M | -$764.4K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-013862.
Others in SIC 3790
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| PII | Polaris Inc. | $3.56B | — | -0.3% |