Income Statement Massimo Group

Stocks

MAMO

US57628N1019

Auto & Truck Manufacturers

Market Closed - Nasdaq Other stock markets 16:00:00 2026-07-13 EDT			5-day change	1st Jan Change
1.010 ^USD	+8.03%		+5.85%	-74.62%

06-16	Massimo Group Announces Confirmed U.S. Department of Defense and U.S. Army Fleet Orders	CI
06-16	Massimo Group Receives Purchase Orders From Defense Department, US Army	MT

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Published financial data: MASSIMO GROUP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	82.57M	86.53M	115M	111M	71.83M
Total Revenues	82.57M	86.53M	115M	111M	71.83M
Cost of Goods Sold, Total	65.53M	64.32M	79.13M	76.87M	44.88M
Gross Profit	17.04M	22.2M	35.91M	34.34M	26.95M
Selling General & Admin Expenses, Total	12.67M	17.6M	22.99M	26.92M	22.88M
R&D Expenses	-	-	-	343K	2.09M
Other Operating Expenses, Total	12.67M	17.6M	22.99M	27.26M	24.97M
Operating Income	4.37M	4.61M	12.92M	7.08M	1.98M
Interest Expense, Total	-454K	-828K	-519K	-98.67K	-45.35K
Net Interest Expenses	-454K	-828K	-519K	-98.67K	-45.35K
Other Non Operating Income (Expenses)	85.36K	185K	108K	1.04M	94.82K
EBT, Excl. Unusual Items	4M	3.96M	12.51M	8.02M	2.03M
Insurance Settlements	-	200K	33.04K	100K	-
Legal Settlements	-	-	-	-3.65M	-
Other Unusual Items	715K	-	-	-300K	-
EBT, Incl. Unusual Items	4.72M	4.16M	12.55M	4.18M	2.03M
Income Tax Expense	-	-	2.13M	1.02M	520K
Earnings From Continuing Operations	4.72M	4.16M	10.42M	3.15M	1.51M
Net Income to Company	4.72M	4.16M	10.42M	3.15M	1.51M
Net Income - (IS)	4.72M	4.16M	10.42M	3.15M	1.51M
Net Income to Common Incl Extra Items	4.72M	4.16M	10.42M	3.15M	1.51M
Net Income to Common Excl. Extra Items	4.72M	4.16M	10.42M	3.15M	1.51M
Per Share Items
Net EPS - Basic	0.12	0.1	0.26	0.08	0.04
Basic EPS - Continuing Operations	0.12	0.1	0.26	0.08	0.04
Basic Weighted Average Shares Outstanding	40M	40M	40M	41.01M	41.6M
Net EPS - Diluted	0.12	0.1	0.26	0.08	0.04
Diluted EPS - Continuing Operations	0.12	0.1	0.26	0.08	0.04
Diluted Weighted Average Shares Outstanding	40M	40M	40M	41.16M	41.64M
Normalized Basic EPS	0.06	0.06	0.2	0.12	0.03
Normalized Diluted EPS	0.06	0.06	0.2	0.12	0.03
Supplemental Items
EBITDA	4.55M	4.79M	13.12M	7.26M	2.17M
EBITA	4.37M	4.61M	12.92M	7.08M	1.98M
EBIT	4.37M	4.61M	12.92M	7.08M	1.98M
EBITDAR	5.14M	5.57M	14.22M	9.66M	5.47M
Effective Tax Rate - (Ratio)	-	-	16.98	24.52	25.63
Current Domestic Taxes	-	-	-	2.06M	2.48M
Total Current Taxes	-	-	-	2.06M	2.48M
Deferred Domestic Taxes	-	-	-	-1.03M	-1.96M
Total Deferred Taxes	-	-	-	-1.03M	-1.96M
Normalized Net Income	2.5M	2.48M	7.82M	5.02M	1.27M
Interest on Long-Term Debt	135K	373K	397K	46.42K	47.1K
Supplemental Operating Expense Items
Advertising Expense	772K	1.81M	769K	570K	672K
Selling and Marketing Expenses	6.1M	8.67M	9.76M	9.8M	7.41M
General and Administrative Expenses	6.57M	8.93M	13.23M	14.71M	12.17M
Research And Development Expense From Footnotes	-	-	-	343K	2.09M
Net Rental Expense, Total	593K	775K	1.1M	2.4M	3.3M
Imputed Operating Lease Interest Expense	-	404K	328K	152K	97.31K
Imputed Operating Lease Depreciation	-	371K	777K	2.25M	3.2M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	1.1M	-
Stock-Based Comp., Other (Total)	-	-	-	95.03K	499K
Total Stock-Based Compensation	-	-	-	1.2M	499K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.29M	948K	766K	10.21M	5.79M
Total Cash And Short Term Investments	1.29M	948K	766K	10.21M	5.79M
Accounts Receivable, Total	7.83M	6.83M	9.57M	6.59M	5.33M
Other Receivables	-	71.14K	39.03K	133K	267K
Total Receivables	7.83M	6.9M	9.61M	6.72M	5.59M
Inventory	22.32M	23.76M	25.8M	27.26M	26.01M
Prepaid Expenses	-	-	598K	1.1M	2.26M
Other Current Assets, Total	2.4M	2.98M	1.59M	99.08K	193K
Total Current Assets	33.83M	34.59M	38.36M	45.39M	39.85M
Gross Property Plant And Equipment	2.64M	2.36M	2.6M	10.64M	8.57M
Accumulated Depreciation	-360K	-507K	-612K	-555K	-696K
Net Property Plant And Equipment	2.28M	1.85M	1.99M	10.09M	7.87M
Deferred Tax Assets Long-Term	-	-	135K	1.17M	3.09M
Deferred Charges Long-Term	-	422K	1.46M	-	-
Other Long-Term Assets, Total	-	-	-	49.5K	623K
Total Assets	36.11M	36.86M	41.94M	56.69M	51.43M
Liabilities
Accounts Payable, Total	12.26M	11.11M	12.68M	9.57M	7.73M
Accrued Expenses, Total	255K	324K	13.2K	166K	160K
Short-term Borrowings	5.48M	16.58M	304K	5.55M	2M
Current Portion of Leases	714K	778K	889K	2.16M	1.98M
Current Income Taxes Payable	-	-	2.12M	1.48M	3.54M
Unearned Revenue Current, Total	1.33M	696K	1.84M	450K	609K
Other Current Liabilities	1.95M	1.64M	987K	6.77M	6.24M
Total Current Liabilities	22M	31.13M	18.83M	26.15M	22.25M
Long-Term Debt	-	-	7.92M	-	-
Long-Term Leases	1.21M	660K	708K	7.45M	5.47M
Total Liabilities	23.2M	31.79M	27.46M	33.6M	27.72M
Common Stock, Total	40K	40K	40K	41.54K	41.64K
Additional Paid In Capital	1.99M	1.99M	1.99M	6.61M	7.11M
Retained Earnings	12.91M	5.07M	13.29M	16.44M	16.56M
Comprehensive Income and Other	-2.03M	-2.03M	-832K	-	-
Total Common Equity	12.91M	5.07M	14.49M	23.1M	23.71M
Total Equity	12.91M	5.07M	14.49M	23.1M	23.71M
Total Liabilities And Equity	36.11M	36.86M	41.94M	56.69M	51.43M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40M	40M	41.3M	41.55M	41.64M
ECS Total Common Shares Outstanding	40M	40M	40M	41.54M	41.64M
Book Value / Share	0.32	0.13	0.36	0.56	0.57
Tangible Book Value	12.91M	5.07M	14.49M	23.1M	23.71M
Tangible Book Value Per Share	0.32	0.13	0.36	0.56	0.57
Total Debt	7.4M	18.02M	9.82M	15.16M	9.45M
Net Debt	6.12M	17.07M	9.05M	4.95M	3.66M
Debt Equivalent Oper. Leases	4.74M	6.2M	8.84M	19.2M	26.4M
Account Code - Inventory Valuation	-	5	5	5	5
Inventories - Raw Materials, Total	4.18M	4.05M	5.4M	4.86M	3.66M
Inventories - Finished Goods, Total	12.86M	14.81M	16.78M	18M	15.99M
Inventories - Others	5.27M	4.91M	4.06M	4.87M	6.82M
Machinery, Total	708K	867K	921K	996K	1.06M
Full Time Employees	-	-	126	100	100
Accumulated Allowance for Doubtful Accounts (Supple)	452K	354K	557K	505K	494K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	4.72M	4.16M	10.42M	3.15M	1.51M
Depreciation & Amortization - CF	737K	884K	1.17M	1.75M	2.3M
Depreciation & Amortization, Total	737K	884K	1.17M	1.75M	2.3M
(Gain) Loss From Sale Of Asset	-	-	-15.78K	-36K	-
Stock-Based Compensation (CF)	-	-	-	1.2M	499K
Provision and Write-off of Bad Debts	-76.19K	-93.62K	802K	-52.17K	110K
Other Operating Activities, Total	4.56K	4.02K	312K	3.42M	-1.88M
Change In Accounts Receivable	-3.36M	1.09M	-3.54M	3.03M	-610K
Change In Inventories	-382K	-2.08M	-1.09M	-770K	1.16M
Change In Accounts Payable	-2.28M	-1.15M	1.36M	-762K	-1.85M
Change in Unearned Revenues	303K	-637K	1.14M	-1.39M	159K
Change In Income Taxes	-	-	2.12M	-639K	2.47M
Change in Other Net Operating Assets	-962K	-1.56M	-1.76M	-2.23M	-3.96M
Cash from Operations	-1.3M	621K	10.91M	6.67M	-98.28K
Capital Expenditure	-240K	-198K	-135K	-388K	-65.36K
Sale of Property, Plant, and Equipment	-	-	13.5K	162K	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	0
Other Investing Activities, Total	-	-	-	-	-666K
Cash from Investing	-240K	-198K	-121K	-226K	-731K
Short Term Debt Issued, Total	5M	5.1M	3.45M	-	-
Total Debt Issued	5M	5.1M	3.45M	-	-
Short Term Debt Repaid, Total	-2.43M	-6M	-14.16M	-2.68M	-3.55M
Long-Term Debt Repaid, Total	-55.97K	-42.5K	-47.05K	-41.65K	-46.32K
Total Debt Repaid	-2.48M	-6.04M	-14.2M	-2.72M	-3.59M
Issuance of Common Stock	-	-	602K	5.96M	-
Other Financing Activities, Total	-	178K	-825K	-247K	-
Cash from Financing	2.52M	-764K	-10.97M	3M	-3.59M
Net Change in Cash	982K	-341K	-182K	9.44M	-4.42M
Supplemental Items
Cash Interest Paid	439K	805K	519K	98.67K	45.35K
Cash Income Tax Paid (Refund)	-	-	143K	2.7M	16.47K
Levered Free Cash Flow	-	-83.14K	8.84M	10.15M	3.54M
Unlevered Free Cash Flow	-	434K	9.17M	10.21M	3.57M
Change In Net Working Capital	-	3.13M	-57.07K	-3.22M	401K
Net Debt Issued / Repaid	2.52M	-943K	-10.75M	-2.72M	-3.59M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	7.89	20.5	8.98	2.33
Return on Total Capital	-	13.26	33.98	14.16	3.53
Return On Equity %	-	46.29	106.5	16.78	6.65
Return on Common Equity	-	46.29	106.5	16.78	6.65
Margin Analysis
Gross Profit Margin %	20.64	25.66	31.22	30.88	37.52
SG&A Margin	15.34	20.34	19.98	24.2	31.85
EBITDA Margin %	5.51	5.54	11.4	6.52	3.02
EBITA Margin %	5.3	5.32	11.23	6.37	2.76
EBIT Margin %	5.3	5.32	11.23	6.37	2.76
Income From Continuing Operations Margin %	5.71	4.81	9.05	2.84	2.1
Net Income Margin %	5.71	4.81	9.05	2.84	2.1
Net Avail. For Common Margin %	5.71	4.81	9.05	2.84	2.1
Normalized Net Income Margin	3.03	2.86	6.8	4.51	1.77
Levered Free Cash Flow Margin	-	-0.1	7.69	9.12	4.92
Unlevered Free Cash Flow Margin	-	0.5	7.97	9.18	4.96
Asset Turnover
Asset Turnover	-	2.37	2.92	2.25	1.35
Fixed Assets Turnover	-	41.9	59.9	18.41	8
Receivables Turnover (Average Receivables)	-	11.8	14.03	13.77	14.15
Inventory Turnover (Average Inventory)	-	2.79	3.19	2.9	1.69
Short Term Liquidity
Current Ratio	1.54	1.11	2.04	1.74	1.79
Quick Ratio	0.41	0.25	0.55	0.65	0.51
Operating Cash Flow to Current Liabilities	-0.06	0.02	0.58	0.26	-0
Days Sales Outstanding (Average Receivables)	-	30.92	26.01	26.58	25.8
Days Outstanding Inventory (Average Inventory)	-	130.74	114.32	126.32	216.61
Average Days Payable Outstanding	-	64.86	53.49	46.51	72.36
Cash Conversion Cycle (Average Days)	-	96.8	86.84	106.4	170.04
Long Term Solvency
Total Debt/Equity	57.36	355.42	67.79	65.62	39.84
Total Debt / Total Capital	36.45	78.04	40.4	39.62	28.49
LT Debt/Equity	9.34	13.01	59.55	32.24	23.05
Long-Term Debt / Total Capital	5.93	2.86	35.49	19.47	16.49
Total Liabilities / Total Assets	64.25	86.24	65.46	59.26	53.9
EBIT / Interest Expense	9.63	5.56	24.91	71.8	43.66
EBITDA / Interest Expense	11.32	6.72	27.42	97.87	120.51
(EBITDA - Capex) / Interest Expense	10.79	6.48	27.16	93.93	119.07
Total Debt / EBITDA	1.44	3.24	0.69	1.57	1.73
Net Debt / EBITDA	1.19	3.07	0.64	0.51	0.67
Total Debt / (EBITDA - Capex)	1.51	3.36	0.7	1.64	1.75
Net Debt / (EBITDA - Capex)	1.25	3.18	0.64	0.53	0.68
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	4.8	32.95	-3.33	-34.3
Gross Profit, 1 Yr. Growth %	-	30.3	61.73	-4.37	-16.98
EBITDA, 1 Yr. Growth %	-	5.34	173.78	-44.68	-63.87
EBITA, 1 Yr. Growth %	-	5.31	180.63	-45.18	-65.99
EBIT, 1 Yr. Growth %	-	5.31	180.63	-45.18	-65.99
Earnings From Cont. Operations, 1 Yr. Growth %	-	-11.81	150.27	-69.72	-14.34
Net Income, 1 Yr. Growth %	-	-11.81	150.27	-69.72	-14.34
Normalized Net Income, 1 Yr. Growth %	-	-1.06	215.83	-35.52	-65.96
Diluted EPS Before Extra, 1 Yr. Growth %	-	-11.81	150.27	-70.42	-9.3
Accounts Receivable, 1 Yr. Growth %	-	-12.74	40.03	-31.12	10.37
Inventory, 1 Yr. Growth %	-	6.48	8.58	5.65	-4.59
Net Property, Plant and Equip., 1 Yr. Growth %	-	-18.91	7.69	406.59	-21.95
Total Assets, 1 Yr. Growth %	-	2.08	13.78	35.16	-6.3
Tangible Book Value, 1 Yr. Growth %	-	-60.72	185.71	59.42	9.25
Common Equity, 1 Yr. Growth %	-	-60.72	185.71	59.42	9.25
Cash From Operations, 1 Yr. Growth %	-	-147.92	1.66K	-38.82	-101.47
Capital Expenditures, 1 Yr. Growth %	-	-17.74	-31.92	188.04	-83.15
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-4.02K	14.74	-66.97
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	3.04K	11.36	-66.9
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	18.04	13.37	-20.98
Gross Profit, 2 Yr. CAGR %	-	-	45.17	24.37	-13.37
EBITDA, 2 Yr. CAGR %	-	-	69.82	23.07	-59.37
EBITA, 2 Yr. CAGR %	-	-	71.91	24.04	-60.86
EBIT, 2 Yr. CAGR %	-	-	71.91	24.04	-60.86
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	48.57	-12.94	-61.93
Net Income, 2 Yr. CAGR %	-	-	48.57	-12.94	-61.93
Normalized Net Income, 2 Yr. CAGR %	-	-	76.77	42.32	-59.62
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	48.57	-14.02	-62.65
Accounts Receivable, 2 Yr. CAGR %	-	-	10.54	-1.79	-25.38
Inventory, 2 Yr. CAGR %	-	-	7.52	7.1	0.4
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-6.55	133.57	98.84
Total Assets, 2 Yr. CAGR %	-	-	7.77	24.01	10.74
Tangible Book Value, 2 Yr. CAGR %	-	-	5.94	113.42	27.93
Common Equity, 2 Yr. CAGR %	-	-	5.94	113.42	27.93
Cash From Operations, 2 Yr. CAGR %	-	-	190.1	227.71	-90.51
Capital Expenditures, 2 Yr. CAGR %	-	-	-25.17	40.03	-30.33
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	570.72	-36.75
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	491.35	-37.63
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	10.44	-6.02
Gross Profit, 3 Yr. CAGR %	-	-	-	26.31	6.67
EBITDA, 3 Yr. CAGR %	-	-	-	16.85	-23.25
EBITA, 3 Yr. CAGR %	-	-	-	17.45	-24.52
EBIT, 3 Yr. CAGR %	-	-	-	17.45	-24.52
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-12.56	-28.69
Net Income, 3 Yr. CAGR %	-	-	-	-12.56	-28.69
Normalized Net Income, 3 Yr. CAGR %	-	-	-	26.08	-19.99
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-13.29	-29.61
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-5.59	-7.96
Inventory, 3 Yr. CAGR %	-	-	-	6.89	3.05
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	64.16	62.08
Total Assets, 3 Yr. CAGR %	-	-	-	16.22	11.74
Tangible Book Value, 3 Yr. CAGR %	-	-	-	21.4	67.23
Common Equity, 3 Yr. CAGR %	-	-	-	21.4	67.23
Cash From Operations, 3 Yr. CAGR %	-	-	-	72.64	-45.92
Capital Expenditures, 3 Yr. CAGR %	-	-	-	17.28	-30.87
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	150.31
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	130.3