Massimo Group (MAMO) Income Statement
MAMO FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsMAMO revenue and net income
Where MAMO's revenue goes
FY2025Each bar shows an amount and its share of revenue. MAMO kept 2.1% of revenue as net income.
MAMO profit margins
MAMO growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −34.3% | −6.0% | — | — |
| Gross profit | −17.0% | +6.7% | — | — |
| Operating income | −60.8% | −24.5% | — | — |
| Net income | −14.3% | −28.7% | — | — |
| EPS (diluted) | −600.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MAMO quarterly EPS vs estimates
Next report: November 6, 2026.
MAMO income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $71.8M | $109.3M | $115.0M | $86.5M | $82.6M |
| Cost of revenue | $44.9M | $76.9M | $79.3M | $64.3M | $65.5M |
| Gross profit | $26.9M | $32.5M | $35.8M | $22.2M | $17.0M |
| Research & development | $2.1M | $343,493 | $0 | — | — |
| Sales, general & admin | $22.9M | $26.3M | $23.0M | $17.6M | $12.7M |
| Total operating expenses | $25.0M | $27.4M | $22.8M | $17.6M | $12.7M |
| Operating income | $2.0M | $5.0M | $12.9M | $4.6M | $4.4M |
| Interest expense | $45,353 | $98,667 | $518,731 | $828,016 | $454,066 |
| Income before taxes | $2.0M | $2.4M | $12.5M | $4.2M | $4.7M |
| Income taxes | $520,103 | $654,758 | $2.1M | $2 | $1 |
| Net income | $1.5M | $1.8M | $10.4M | $4.2M | $4.7M |
| EBITDA | $2.3M | $2.7M | $13.1M | $5.2M | $5.3M |
| EPS (diluted) | −$0.05 | $0.01 | $0.25 | $0.10 | $0.12 |
| Gross margin | 37.5% | 29.7% | 31.1% | 25.7% | 20.6% |
| Operating margin | 2.8% | 4.6% | 11.2% | 5.3% | 5.3% |
| Net margin | 2.1% | 1.6% | 9.1% | 4.8% | 5.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.9M | $12.7M | $21.0M | $17.0M | $18.9M | $14.9M | $20.1M | $25.6M | $35.4M | $30.2M | $39.6M | $29.9M |
| Cost of revenue | $7.6M | $7.6M | $12.3M | $9.9M | $12.0M | $10.7M | $14.6M | $18.6M | $23.9M | $19.7M | $27.5M | $19.9M |
| Gross profit | $7.3M | $5.1M | $8.7M | $7.1M | $6.9M | $4.2M | $5.4M | $7.0M | $11.5M | $10.5M | $12.1M | $10.1M |
| Research & development | $289,457 | $628,762 | $316,578 | $786,650 | $144,757 | $841,196 | $86,472 | $94,771 | $0 | $162,250 | — | $0 |
| Sales, general & admin | $5.3M | $5.5M | $5.7M | $4.6M | $6.6M | $6.1M | $6.4M | $6.5M | $7.2M | $6.3M | $7.4M | $4.8M |
| Total operating expenses | $5.6M | $6.1M | $6.0M | $5.3M | $6.7M | $6.9M | $6.5M | $6.6M | $7.9M | $6.5M | $7.4M | $4.8M |
| Operating income | $1.7M | −$1.0M | $2.8M | $1.8M | $142,077 | −$2.7M | −$1.0M | $303,514 | $3.6M | $4.0M | $4.7M | $5.2M |
| Interest income | — | — | — | $373 | — | — | — | — | — | — | — | — |
| Interest expense | $8,541 | $5,742 | $19,814 | $373 | $63,704 | $1,090 | $170,136 | $64,462 | $66,647 | $137,694 | $24,720 | $213,901 |
| Income before taxes | $1.7M | −$1.2M | $2.6M | $1.9M | $104,975 | −$2.6M | −$408,538 | −$3.1M | $3.6M | $4.1M | $4.7M | $5.1M |
| Income taxes | $280,218 | −$168,861 | $621,985 | $410,617 | $27,296 | −$539,795 | −$67,666 | −$621,665 | $813,852 | $900,341 | $893,253 | $1.1M |
| Net income | $1.5M | −$1.0M | $2.0M | $1.5M | $77,679 | −$2.1M | −$340,872 | −$2.5M | $2.8M | $3.2M | $3.8M | $4.0M |
| EBITDA | $1.7M | −$1.1M | $2.6M | $2.0M | $212,562 | −$2.6M | −$366,436 | −$3.0M | $3.7M | $4.3M | $4.8M | $5.3M |
| EPS (diluted) | $0.03 | −$0.02 | $0.05 | $0.04 | $0.00 | −$0.05 | −$0.04 | −$0.06 | $0.07 | — | — | — |
| Gross margin | 48.8% | 39.9% | 41.5% | 42.0% | 36.3% | 28.4% | 27.1% | 27.2% | 32.5% | 34.7% | 30.6% | 33.6% |
| Operating margin | 11.1% | −8.2% | 13.1% | 10.5% | 0.8% | −18.2% | −5.1% | 1.2% | 10.1% | 13.2% | 11.9% | 17.5% |
| Net margin | 9.7% | −7.9% | 9.5% | 9.0% | 0.4% | −14.0% | −1.7% | −9.8% | 8.0% | 10.6% | 9.7% | 13.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MAMO's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MAMO financial results
In fiscal year 2025 (ended September 30, 2025), Massimo reported revenue of $71.8 million, down 34.3% from the year before. It had net income of $1.5 million (down 14.3%), a net profit margin of 2.1%. Diluted earnings per share came to −$0.05.
See the MAMO stock overview for the latest quote and news, or the MAMO chart for price history and technical indicators.
MAMO income statement FAQ
What is Massimo's annual revenue?
Massimo reported total revenue of $71.8 million for fiscal year 2025, which ended on September 30, 2025. That was down 34.3% from $109.3 million the previous year.
Is Massimo profitable?
Yes. Massimo reported net income of $1.5 million in fiscal 2025, a net profit margin of 2.1%; its operating margin was 2.8%.
What is Massimo's gross margin?
Massimo's gross margin was 37.5% in fiscal 2025: for every $100 of revenue, Massimo kept $38 after the direct cost of its products and services.
How much does Massimo spend on research and development?
Massimo spent $2.1 million on research and development in fiscal 2025, 2.9% of revenue.
What are Massimo's earnings per share?
Massimo earned $-0.05 per diluted share in fiscal 2025, compared with $0.01 a year earlier.
When will Massimo report its next earnings?
Massimo is expected to report results for the quarter ending September 30, 2026 on November 6, 2026.
When does Massimo's fiscal year end?
Massimo's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on March 31, 2026.