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NASDAQ · MISCELLANEOUS TRANSPORTATION EQUIPMENT · SMALL CAP

Massimo Group MAMO

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$71.8M
▼ 34.3% YoY
$1.5M
▼ 14.3% YoY
$-163,637
▼ 102.6% YoY
In brief

What this company does

Massimo 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. Massimo Motor Sports was initially formed as a limited liability company in Texas on June 30, 2009. Massimo Marine was formed as a limited liability company in Texas on January 6, 2020. On October 10, 2022, Massimo was formed, with Mr. David Shan as the sole stockholder. As of March 25, 2026, we had approximately 100 employees, including personnel in management and administration, sales and service, manufacturing, quality control, and research and development functions.

Written from the business description in Massimo Group's annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth
USD 71.8M
Revenue, FY2025 · full 4-year series below
Revenue $M Net income $M
FY2025 · Revenue 71.8 · Net income 1.5
40M80M2022202320242025
Compound annual growth
−6.0%
−28.7%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
2 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 2.8% · Net 2.1%
5%10%2022202320242025
ROE
FY2025 · ROE 6.6%
50%100%2022202320242025
Gross margin37.5%
Operating margin2.8%
Net margin2.1%
Return on assets2.8%
EBITDAUSD 2.1M

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders
—
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -0.2
4M8M2022202320242025
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsUSD 51.4M
EquityUSD 23.7M
CashUSD 5.8M
Current ratio1.79×

Equity funds 46% of total assets.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022
Revenue $B0.10.10.10.1
Operating income $B0.00.00.00.0
EBITDA $B0.00.00.00.0
Income tax $B0.00.00.0·
Net income $B0.00.00.00.0
Free cash flow $B−0.00.00.00.0
EPS, diluted $0.040.040.26·
Dividend / sh $····
Payout %····
ROE %6.69.7106.582.1
Shares out B0.040.040.040.04

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 19 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 76 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMiscellaneous Transportation Equipment
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsnot stated in the filings
SEC categoryemerging growth company, smaller reporting company
Data on record since2022

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