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MARKETS / NASDAQ / Industrials / Transportation equipment / MAMO
NASDAQ · MISCELLANEOUS TRANSPORTATION EQUIPMENT

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

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

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
50M100M
20222025
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%
202220232025
ROE
FY2025 · ROE 6.6%
50%100%
202220232025
Three returns, three denominators.
Gross margin37.5%
Operating margin2.8%
Net margin2.1%
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
5M10M
202220232025
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—not applicable◌not available in our data
MAMO, 4-year financial record
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 % — not applicable: no dividend————
ROE %6.69.7106.582.1
Shares out B0.040.040.040.04

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 19 reconciliationsAUDITED

Reconciled in 4 of the 4 fiscal years we could check. 30 checks were skipped: the balance sheet is not tagged before 2022. 16 checks were skipped: EPS is not tagged before 2023. 15 checks were skipped: revenue is not tagged before 2022.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMiscellaneous Transportation Equipment
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsnot stated in the filings
SEC categoryemerging growth company
Data on record since2022

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