Massimo Group (MAMO) Balance Sheet
MAMO balance sheet, FY2025
September 30, 2025 · U.S. dollars$51.4M assets = $27.7M liabilities + $23.7M equity
Both columns are drawn to the same scale: what MAMO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MAMO financial health
Descriptive bands, not a rating. Fiscal FY2025.
MAMO balance sheet trends, FY2021–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $36.1MFY2021 | $51.4MFY2025 | +9.2%/yr | |
| Total liabilities | $23.2MFY2021 | $27.7MFY2025 | +4.5%/yr | |
| Shareholders’ equity | $12.9MFY2021 | $23.7MFY2025 | +16.4%/yr | |
| Cash & short-term investments | $1.3MFY2021 | $5.8MFY2025 | +45.6%/yr | |
| Total debt | $7.4MFY2021 | $9.5MFY2025 | +6.3%/yr | |
| Net cash (debt) | −$6.1MFY2021 | −$3.7MFY2025 | +$2.5M | |
| Working capital | $11.8MFY2021 | $17.6MFY2025 | +$5.8M | |
| Book value per share | $0.31FY2021 | $0.57FY2025 | +16.2%/yr | |
| Current ratio | 1.54FY2021 | 1.79FY2025 | +0.25 | |
| Debt / equity | 0.57FY2021 | 0.40FY2025 | −0.18 | |
| Shares outstanding | 41.3MFY2021 | 41.6MFY2025 | +0.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MAMO assets
MAMO liabilities and equity
MAMO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MAMO balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $5.8M | $10.2M | $765,814 | $947,971 | $1.3M |
| Cash & equivalents | $5.8M | $10.2M | $765,814 | $947,971 | $1.3M |
| Receivables | $5.6M | $5.0M | $9.6M | $6.9M | $7.8M |
| Inventory | $26.0M | $27.3M | $27.4M | $23.8M | $22.3M |
| Other current assets | $2.5M | $1.2M | $637,509 | $3.0M | $2.4M |
| Total current assets | $39.8M | $43.6M | $38.4M | $34.6M | $33.8M |
| Property, plant & equipment (net) | $7.9M | $10.1M | $2.0M | $1.8M | $2.3M |
| Goodwill & intangible assets | $573,333 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.1M | $1.2M | $2.8M | $421,789 | $0 |
| Total assets | $51.4M | $54.9M | $43.1M | $36.9M | $36.1M |
| Liabilities | |||||
| Accounts payable | $7.7M | $9.6M | $12.7M | $11.1M | $12.3M |
| Short-term debt | $4.0M | $7.7M | $1.2M | $17.4M | $6.2M |
| Deferred revenue | $609,171 | $449,999 | $1.8M | $696,274 | $1.3M |
| Total current liabilities | $22.3M | $25.7M | $18.8M | $31.1M | $22.0M |
| Long-term debt | $0 | $0 | $7.9M | $0 | $0 |
| Lease obligations | $7.4M | $9.6M | $1.6M | $1.4M | $1.9M |
| Other long-term liabilities | $5.5M | $7.4M | $1.0M | $659,644 | $1.2M |
| Total liabilities | $27.7M | $33.2M | $27.8M | $31.8M | $23.2M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $41,640 | $41,539 | $40,000 | $40,000 | $40,000 |
| Retained earnings (deficit) | $16.6M | $15.0M | $13.3M | $5.1M | $12.9M |
| Accumulated other comprehensive income | — | −$832,158 | −$832,158 | −$2.0M | −$2.0M |
| Total shareholders' equity | $23.7M | $21.7M | $15.3M | $5.1M | $12.9M |
| Key figures | |||||
| Total debt | $9.5M | $15.2M | $9.8M | $18.1M | $7.4M |
| Net cash (debt) | −$3.7M | −$5.0M | −$9.1M | −$17.1M | −$6.1M |
| Working capital | $17.6M | $17.9M | $19.5M | $3.5M | $11.8M |
| Tangible book value | $23.1M | $21.7M | $15.3M | $5.1M | $12.9M |
| Book value per share | $0.57 | $0.52 | $0.37 | $0.12 | $0.31 |
| Shares outstanding | 41.6M | 41.5M | 41.3M | 41.3M | 41.3M |
| Current ratio | 1.79 | 1.69 | 2.04 | 1.11 | 1.54 |
| Quick ratio | 0.51 | 0.59 | 0.55 | 0.25 | 0.41 |
| Debt / equity | 0.40 | 0.70 | 0.64 | 3.56 | 0.57 |
| Equity / assets | 46.1% | 39.5% | 35.5% | 13.8% | 35.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $4.6M | $4.1M | $5.8M | $2.6M | $2.4M | $3.8M | $10.2M | $1.7M | $1.3M | $207,137 | $765,814 | $1.2M |
| Cash & equivalents | $4.6M | $4.1M | $5.8M | $2.6M | $2.4M | $843,624 | $10.2M | $1.7M | $1.3M | $207,137 | $765,814 | $1.2M |
| Short-term investments | — | — | — | — | — | $3.0M | — | — | — | — | — | — |
| Receivables | $7.4M | $4.3M | $5.6M | $5.4M | $8.3M | $5.6M | $5.0M | $11.6M | $11.5M | $14.3M | $9.6M | $8.3M |
| Inventory | $23.8M | $24.1M | $26.0M | $25.1M | $23.8M | $24.4M | $27.3M | $30.9M | $30.8M | $27.2M | $27.4M | $23.8M |
| Other current assets | $1.3M | $307,548 | $2.5M | $1.6M | $812,454 | $1.3M | $1.2M | $890,753 | $1.7M | $2.0M | $637,509 | $3.9M |
| Total current assets | $37.3M | $32.9M | $39.8M | $34.6M | $35.3M | $35.1M | $43.6M | $45.1M | $45.2M | $43.7M | $38.4M | $37.1M |
| Property, plant & equipment (net) | $7.3M | $7.6M | $7.9M | $8.4M | $9.0M | $9.5M | $10.1M | $10.8M | $4.1M | $1.7M | $2.0M | $2.3M |
| Goodwill & intangible assets | $403,746 | $438,208 | $573,333 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.1M | $4.8M | $3.1M | $1.3M | $1.7M | $1.7M | $1.2M | $1.2M | $1.2M | $1.9M | $2.8M | $1.2M |
| Total assets | $50.1M | $45.8M | $51.4M | $44.4M | $45.9M | $46.4M | $54.9M | $57.1M | $50.6M | $47.3M | $43.1M | $40.6M |
| Liabilities | ||||||||||||
| Accounts payable | $5.4M | $2.3M | $7.7M | $4.7M | $6.2M | $5.7M | $9.6M | $9.8M | $8.2M | $14.8M | $12.7M | $10.8M |
| Short-term debt | $4.0M | $3.9M | $4.0M | $4.2M | $4.7M | $4.7M | $7.7M | $8.6M | $3.6M | $754,346 | $1.2M | $14.7M |
| Deferred revenue | $760,927 | $519,142 | $609,171 | $363,743 | $855,266 | $558,183 | $449,999 | $1.2M | $1.2M | $1.1M | $1.8M | $1.2M |
| Total current liabilities | $20.1M | $16.6M | $22.3M | $16.7M | $19.4M | $19.6M | $25.7M | $26.3M | $18.1M | $20.6M | $18.8M | $29.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.3M | $7.9M | $7.9M | $0 |
| Lease obligations | $6.4M | $6.9M | $7.4M | $8.0M | $8.5M | $9.1M | $9.6M | $10.4M | $3.7M | $1.3M | $1.6M | $1.9M |
| Other long-term liabilities | $5.8M | $6.5M | $5.5M | $5.9M | $6.4M | $6.9M | $7.4M | $8.2M | $3.5M | $581,897 | $1.0M | $830,750 |
| Total liabilities | $26.0M | $23.1M | $27.7M | $22.7M | $25.8M | $26.4M | $33.2M | $34.5M | $25.9M | $29.1M | $27.8M | $30.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $41,640 | $41,640 | $41,640 | $41,640 | $41,640 | $41,546 | $41,539 | $41,329 | $41,322 | $40,000 | $40,000 | $40,000 |
| Retained earnings (deficit) | $17.0M | $15.5M | $16.6M | $14.6M | $13.0M | $13.0M | $15.0M | $16.8M | $19.3M | $16.5M | $13.3M | $9.5M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | −$357,158 | −$832,158 | −$1.1M |
| Total shareholders' equity | $24.1M | $22.7M | $23.7M | $21.7M | $20.2M | $19.9M | $21.7M | $22.5M | $24.7M | $18.1M | $15.3M | $10.4M |
| Key figures | ||||||||||||
| Total debt | $8.5M | $8.9M | $9.5M | $10.1M | $11.1M | $11.6M | $15.2M | $16.8M | $10.6M | $9.2M | $9.8M | $15.5M |
| Net cash (debt) | −$3.9M | −$4.7M | −$3.7M | −$7.5M | −$8.6M | −$7.8M | −$5.0M | −$15.1M | −$9.4M | −$9.0M | −$9.1M | −$14.4M |
| Working capital | $17.1M | $16.3M | $17.6M | $17.9M | $15.9M | $15.5M | $17.9M | $18.8M | $27.1M | $23.0M | $19.5M | $7.8M |
| Tangible book value | $23.7M | $22.2M | $23.1M | $21.7M | $20.2M | $19.9M | $21.7M | $22.5M | $24.7M | $18.1M | $15.3M | $10.4M |
| Book value per share | $0.58 | $0.55 | $0.57 | $0.52 | $0.48 | $0.48 | $0.52 | $0.55 | $0.60 | $0.45 | $0.37 | $0.25 |
| Shares outstanding | 41.6M | 41.6M | 41.6M | 41.6M | 41.6M | 41.5M | 41.5M | 41.3M | 41.4M | 40.0M | 41.3M | 41.3M |
| Current ratio | 1.85 | 1.98 | 1.79 | 2.07 | 1.82 | 1.79 | 1.69 | 1.72 | 2.50 | 2.12 | 2.04 | 1.27 |
| Quick ratio | 0.60 | 0.51 | 0.51 | 0.48 | 0.55 | 0.48 | 0.59 | 0.51 | 0.70 | 0.70 | 0.55 | 0.32 |
| Debt / equity | 0.35 | 0.39 | 0.40 | 0.47 | 0.55 | 0.58 | 0.70 | 0.74 | 0.43 | 0.51 | 0.64 | 1.49 |
| Equity / assets | 48.1% | 49.6% | 46.1% | 48.9% | 43.9% | 42.9% | 39.5% | 39.5% | 48.8% | 38.4% | 35.5% | 25.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
MAMO financial position
At the end of fiscal 2025 (September 30, 2025), Massimo had total assets of $51.4 million (down 6.3% from a year earlier), total liabilities of $27.7 million and shareholders' equity of $23.7 million. It held $5.8 million in cash and short-term investments against $9.5 million of debt, net debt of $3.7 million. Its current ratio was 1.79. In the latest quarter (ended June 30, 2026) total assets were $50.1 million and equity $24.1 million.
Related: MAMO income statement, MAMO cash flow statement, MAMO key metrics. See the MAMO stock overview for the latest quote and news.
MAMO balance sheet FAQ
What are Massimo's total assets?
Massimo reported total assets of $51.4 million at the end of fiscal 2025 (September 30, 2025), compared with $54.9 million a year earlier.
How much debt does Massimo have?
Massimo had $9.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.40.
How much cash does Massimo have?
Massimo held $5.8 million in cash and short-term investments at the end of fiscal 2025; with $9.5 million of debt that is net debt of $3.7 million.
What is Massimo's book value?
Massimo's shareholders' equity (book value) was $23.7 million at the end of fiscal 2025, or $0.57 per share.
What is Massimo's current ratio?
Massimo had current assets of $39.8 million and current liabilities of $22.3 million, a current ratio of 1.79 (it can cover its short-term obligations).
How much goodwill does Massimo have?
Massimo carried $0.6 million of goodwill and intangible assets, 1.1% of total assets, at the end of fiscal 2025.