Massimo Group
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $71.8M | $109.3M | $115.0M | $86.5M | — |
| Cost of revenue | $44.9M | $76.9M | $79.1M | $64.3M | — |
| Gross profit | $26.9M | $32.5M | $35.9M | $22.2M | — |
| Research and development | $2.1M | $343,493 | — | — | — |
| Operating expenses | $25.0M | $27.4M | $23.0M | $17.6M | — |
| Operating income | $2.0M | $5.0M | $12.9M | $4.6M | — |
| Interest expense | $45,353 | $98,667 | $518,731 | $828,016 | — |
| Pretax income | $2.0M | $2.4M | $12.5M | $4.2M | — |
| Income tax expense | $520,103 | $654,758 | $2.1M | — | — |
| Net income | $1.5M | $1.8M | $10.4M | $4.2M | — |
| Balance Sheet | |||||
| Cash and equivalents | $5.8M | $10.2M | — | — | — |
| Current assets | $39.8M | $43.6M | $38.4M | $34.6M | — |
| Total assets | $51.4M | $54.9M | $41.9M | $36.9M | — |
| Current liabilities | $22.3M | $25.7M | $18.8M | $31.1M | — |
| Total liabilities | $27.7M | $33.2M | $27.5M | $31.8M | — |
| Stockholders' equity | $23.7M | $21.7M | $14.5M | $5.1M | $12.9M |
| Cash Flow Statement | |||||
| Cash from operations | -$98,276 | $6.7M | $10.9M | $621,293 | — |
| Depreciation and amortization | $141,542 | $129,598 | $151,512 | $146,658 | — |
| Stock-based compensation | $191,565 | $224,190 | — | — | — |
| Capital expenditure | $65,361 | $387,876 | $134,662 | $197,802 | — |
| Free cash flow | -$163,637 | $6.3M | $10.8M | $423,491 | — |
| Impairments | $0 | $0 | $0 | $0 | — |
Shares outstanding 41.6M · Free float 22.3%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.