Massimo Group MAMO

Consumer discretionary SIC 3790 - Miscellaneous Transportation Equipment NAICS Manufacturing › Transportation Equipment Manufacturing derived Nasdaq

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,

Last close 0.95 2026-10-23
Market cap $39.5M 2026-06-30 share count
52-week range 0.66 - 5.59

Valuation FY2025 figures against the last close

P/S0.6x
P/E23.7x
P/FCF—
EV/EBITDA18.6x
Dividend yield—
Diluted EPS0.04

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
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 0.040.040.26——
EPS, diluted 0.040.040.26——
Shares, diluted (wtd. avg.) 41.6M41.2M40.0M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
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 FY2025FY2024FY2023FY2022FY2021
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50M 100M 150M Revenue, FY2022: 86.5M Gross profit, FY2022: 22.2M Net income, FY2022: 4.2M Revenue, FY2023: 115M Gross profit, FY2023: 35.9M Net income, FY2023: 10.4M Revenue, FY2024: 109.3M Gross profit, FY2024: 32.5M Net income, FY2024: 1.8M Revenue, FY2025: 71.8M Gross profit, FY2025: 26.9M Net income, FY2025: 1.5M FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2021FY2022FY2023FY2024FY2025
Revenue — $86.5M $115.0M $109.3M $71.8M
Gross profit — $22.2M $35.9M $32.5M $26.9M
Net income — $4.2M $10.4M $1.8M $1.5M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Accounts can no longer be relied on The company is telling investors that figures it has already published are wrong. Rare, and about as direct as a filing gets. Item 4.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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