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MSS

Maison Solutions Inc. Class A Common Stock

MSS

Maison Solutions Inc. Class A Common Stock • NASDAQ
$0.43 ▲ 3.26% (+0.01)
Market Cap $7.51 M
52w High $3.96
52w Low $0.35
Dividend Yield 0%
P/E -21.53
Volume 58.35K
Outstanding Shares 17.45M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $27.165M ▼ $6.375M ▼ $-1.542M ▼ -5.675% ▼ $-0.08 ▼ $184.215K ▲
Q4-2025 $29.399M ▼ $7.069M ▲ $-287.389K ▼ -0.978% ▼ $-0.017 ▼ $-4.209M ▼
Q3-2025 $34.149M ▲ $6.427M ▼ $1.012M ▲ 2.963% ▲ $0.058 ▲ $1.523M ▲
Q2-2025 $31.02M ▲ $7.48M ▲ $-256.009K ▼ -0.825% ▼ $-0.015 ▼ $750.029K ▼
Q1-2025 $29.649M $6.631M $700.908K 2.364% $0.04 $1.704M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $1.071M ▲ $73.34M ▼ $63.356M ▼ $10.126M ▼
Q4-2025 $775.36K ▲ $77.363M ▼ $65.723M ▼ $11.667M ▼
Q3-2025 $445.357K ▲ $82.743M ▲ $70.727M ▼ $11.955M ▲
Q2-2025 $355.67K ▼ $82.737M ▲ $71.716M ▲ $10.943M ▼
Q1-2025 $588.896K $82.085M $70.748M $11.199M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-1.657M ▼ $1.087M ▲ $-1K ▲ $-790.259K ▼ $295.442K ▼ $1.087M ▲
Q4-2025 $-375.987K ▼ $-1.63M ▼ $-20.928K ▲ $-93.354K ▲ $330.003K ▲ $-1.651M ▼
Q3-2025 $995.165K ▲ $1.679M ▲ $-21.342K ▲ $-1.568M ▼ $89.687K ▲ $1.657M ▲
Q2-2025 $-316.095K ▼ $1.122M ▼ $-92.454K ▲ $-1.263M ▲ $-233.226K ▼ $1.225M ▼
Q1-2025 $617.826K $3.585M $-102.631K $-2.895M $587.795K $3.483M

Five-Year Company Overview

Income Statement

Income Statement Maison Solutions looks like a very small but gradually growing grocer. Sales have climbed over the last several years, and gross profit has risen along with them, which is a positive sign that the core store model can make money on what it sells. However, profits at the operating and net income level hover very close to break-even, with earnings per share swinging between small profits and small losses. This pattern suggests a business still in the early stage of scaling, where modest changes in costs, interest, or integration expenses can flip results from profit to loss and back again. Overall, the income statement shows growth and potential, but with thin cushions and meaningful volatility.

Balance Sheet

Balance Sheet The balance sheet is small and fairly lean, reflecting a young and still‑developing company. Assets have grown over time, which lines up with expansion and acquisitions, but equity remains quite thin, meaning the business does not have a large buffer of owner capital. Debt makes up a meaningful share of the funding base, so the company appears to rely more on borrowing than on retained profits or new equity. Reported cash levels look minimal in the data provided, which may indicate a limited financial cushion and a higher sensitivity to any unexpected shocks or delays in cash inflows. In short, the balance sheet supports growth but carries noticeable leverage and limited safety margins.

Cash Flow

Cash Flow The cash flow picture is still hard to read clearly. Reported operating cash flow is essentially flat across the period, with no clear pattern of strong cash generation yet. Free cash flow shows at least one year of modest outflow, likely tied to growth or integration spending, but there is no obvious sign of consistent surplus cash being produced. Capital spending appears light in the data, which may mean much of the growth has come through acquisitions or lease arrangements rather than heavy upfront build‑outs. Overall, cash flow discipline and the ability to generate steady cash from operations remain key questions for this business, given its small size and thin profitability.

Competitive Edge

Competitive Edge Maison Solutions is pursuing a focused niche strategy: serving Asian-American communities with specialized products, fresh items, and a shopping experience tailored to cultural preferences. This niche focus, combined with unique sourcing of hard‑to‑find ingredients and live or specialty foods, gives it a differentiation edge that large mainstream chains often struggle to match. The company is also using a center‑satellite store model and acquisitions of established regional players to quickly build local scale and loyalty. On the other hand, it is still small compared with national grocers, faces intense price competition in food retail, and must execute complex integrations across different regions. Its moat rests on cultural relevance, curated assortments, and convenience, rather than on sheer size or pricing power, so execution at the store level is crucial.

Innovation and R&D

Innovation and R&D Instead of traditional lab-style R&D, Maison Solutions is leaning on partnerships and new technology to try to stand out. The collaboration with Worldcoin signals a bold bet on blockchain, digital identity, and token‑based loyalty programs that could, in theory, reduce fraud and appeal to tech‑savvy or underbanked customers. At the same time, this is an experimental and risky path, with regulatory, reputational, and volatility questions still unresolved. The tie‑up with JD.com is more immediately practical: upgrading store technology, digitizing operations, enhancing the mobile and online experience, and connecting data across stores to manage inventory and promotions more intelligently. Together, these initiatives show an ambition to be a tech‑forward ethnic grocer, but most benefits are still prospective. The main risk is overreaching on complex technology before the core grocery economics are firmly established.

Summary

Maison Solutions comes across as an early‑stage, niche grocer that has found a clear target community and is trying to build a modern, tech‑enabled retail platform around it. The financials show rising sales and improving gross profit, but profits remain very thin and inconsistent, with a small equity base and meaningful reliance on debt. Cash generation is not yet clearly established, leaving the company sensitive to execution missteps. Competitively, it benefits from deep cultural focus, unique product sourcing, and an omnichannel approach, yet it competes in a tough, low‑margin industry dominated by much larger players. Its innovation strategy—especially blockchain and digital identity—adds upside potential but also introduces new layers of risk. The key questions going forward are whether the company can translate its ambitious plans and acquisitions into durable, steady profits and stronger financial resilience while preserving the local, community‑centric appeal that underpins its niche.

NEWS

November 13, 2025 · 8:11 AM UTC

Important Notice to Long-Term Shareholders of Maison Solutions Inc. (MSS): Securities Fraud Class Action Approaches Settlement and Grabar Law Investigates Claims on Your Behalf

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November 7, 2025 · 9:41 AM UTC

Grabar Law Office Investigates Claims on Behalf of Shareholders of Maison Solutions Inc. (NASDAQ: MSS) as Securities Fraud Class Action Survives Motion to Dismiss and Approaches Settlement

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November 6, 2025 · 8:12 AM UTC

Grabar Law Office Investigates Claims on Behalf of Shareholders of Maison Solutions Inc. (MSS) as Securities Fraud Class Action Survives Motion to Dismiss and Approaches Settlement

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November 5, 2025 · 6:02 PM UTC

Grabar Law Office Investigates Claims on Behalf of Shareholders of Maison Solutions Inc. (NASDAQ: MSS) as Securities Fraud Class Action Survives Motion to Dismiss

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November 3, 2025 · 8:30 AM UTC

Maison Solutions Purchases Over 2.55 Million Worldcoin (WLD) Tokens Under Treasury Initiative

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