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MAMO

Massimo Group Common Stock

MAMO

Massimo Group Common Stock • NASDAQ
$4.38 ▲ 5.80% (+0.24)
Market Cap $182.04 M
52w High $4.48
52w Low $1.84
Dividend Yield 0%
P/E -219
Volume 59.98K
Outstanding Shares 41.56M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $16.991M ▼ $5.346M ▼ $1.526M ▲ 8.984% ▲ $0.04 ▲ $1.986M ▲
Q2-2025 $18.916M ▲ $6.724M ▼ $77.679K ▲ 0.411% ▲ $0.002 ▲ $212.562K ▲
Q1-2025 $14.902M ▼ $6.931M ▲ $-2.089M ▼ -14.017% ▼ $-0.05 ▼ $-2.584M ▼
Q4-2024 $20.053M ▼ $6.468M ▼ $-340.872K ▲ -1.7% ▲ $-0.008 ▲ $-366.436K ▲
Q3-2024 $25.602M $6.649M $-2.502M -9.773% $-0.06 $-3.018M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.596M ▲ $44.38M ▼ $22.662M ▼ $21.719M ▲
Q2-2025 $2.441M ▼ $45.941M ▼ $25.783M ▼ $20.158M ▲
Q1-2025 $3.844M ▼ $46.35M ▼ $26.448M ▼ $19.902M ▼
Q4-2024 $10.21M ▲ $54.89M ▼ $33.185M ▼ $21.704M ▼
Q3-2024 $1.724M $57.053M $34.51M $22.543M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.526M ▲ $633.23K ▲ $-65.361K ▼ $-413.262K ▼ $154.607K ▼ $567.869K ▲
Q2-2025 $77.679K ▲ $-1.392M ▲ $3M ▲ $-10.796K ▲ $1.597M ▲ $-1.392M ▲
Q1-2025 $-2.089M ▼ $-3.339M ▼ $-3M ▼ $-3.027M ▼ $-9.366M ▼ $-3.339M ▼
Q4-2024 $-340.872K ▲ $9.069M ▲ $36.288K ▲ $-619.188K ▲ $8.486M ▲ $9.105M ▲
Q3-2024 $-2.502M $4.712M $-82.312K $-4.184M $445.905K $4.63M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been steadily rising over the last few years, which suggests the company is gradually gaining traction in its niche. Profitability has moved from roughly breakeven to modestly positive, with gross profit and operating income both improving. That said, earnings are still relatively small and somewhat uneven, as shown by the spike in earnings per share one year and a pullback the next. Overall, this looks like an early-stage, growing business that is moving in the right direction on sales and margins but is not yet a consistently strong earner.

Balance Sheet

Balance Sheet The balance sheet appears compact but improving. Total assets have grown, and the company now holds at least some cash cushion where it previously had almost none. Debt has inched up but remains limited relative to the size of the business, and equity has also increased, indicating that value is being built over time. The structure here looks typical of a smaller, growth-focused manufacturer: not heavily leveraged, but also without a large financial safety net, so disciplined execution remains important.

Cash Flow

Cash Flow Cash generation has improved meaningfully in the last couple of years. The business is now producing positive cash flow from its operations and, after modest investment needs, positive free cash flow as well. Capital spending has been quite light, which helps cash flow today but also means future expansions will need to be carefully managed. Overall, the recent shift from roughly cash-neutral to cash-generating is a clear positive, though the company is still operating on a relatively tight cash base.

Competitive Edge

Competitive Edge Massimo competes in a crowded recreational vehicle and powersports market but tries to differentiate itself through value-focused, feature-rich products. Its strength lies in offering practical, affordable UTVs, ATVs, and watercraft that appeal to both recreational and work-oriented users. Expanding relationships with national retailers and farm-and-ranch chains broaden its reach and brand visibility. Nearshoring production to North America and adding distribution centers should help with delivery times, pricing, and reliability. The main risks are intense competition from larger, well-known brands and the need to continuously prove product quality and service to keep shelf space and customer loyalty.

Innovation and R&D

Innovation and R&D Innovation is a central part of Massimo’s strategy. The company is automating its assembly lines with robotics to boost efficiency and reduce labor dependence, which can support better margins over time. It is also leaning into electric powertrains, working on electric versions of its core vehicles and partnering with an electric marine specialist for eco-friendly pontoon boats. Product development is closely tied to customer feedback, leading to practical upgrades like winter-ready enclosed UTVs, climate-controlled models, and a tiered lineup that serves both budget-conscious and higher-end buyers. Overall, the innovation focus is more applied and product-driven than research-heavy, aiming to refresh the lineup quickly and stay relevant in shifting consumer and regulatory environments.

Summary

Massimo Group looks like a small but growing player in recreational vehicles and marine products, gradually scaling up both its finances and its operations. Revenue and profitability trends are improving, the balance sheet is modest but healthier than a few years ago, and the business is now generating positive cash flow. Competitively, the company leans on value pricing, retailer partnerships, and operational moves like nearshoring to carve out space beside much larger rivals. Its push into automation and electric vehicles, along with a steady stream of new and niche-targeted models, gives it a forward-looking edge, though success will depend on execution, brand building, and the ability to maintain quality and service while growing from a relatively small base.

NEWS

November 25, 2025 · 8:30 AM UTC

Massimo Group Expands Lineup With Its Largest Retail Partner, Adding New T-Boss 900L Crew and Buck 450 UTVs to Stores

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November 20, 2025 · 8:30 AM UTC

Massimo Group Appoints Ron Luttrell as Vice President of Dealer Development

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November 18, 2025 · 8:30 AM UTC

Massimo Group Received Orders for Over 4,000 Units Worth $20 Million in Revenue to Be Delivered Before Fiscal Year End; Holiday Promotions and New 2026 Models Drive Strong Finish

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November 13, 2025 · 8:30 AM UTC

Massimo Group Launches New E-Commerce Website to Drive Holiday Sales and Strengthen Dealer Integration

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November 10, 2025 · 8:30 AM UTC

Massimo Group Achieves Strong Profit Recovery and Margin Expansion in Q3 2025

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