Massimo Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	79.47	111.21	115.04	86.53	82.57
Revenue Growth (YoY)	-41.14%	-3.33%	32.95%	4.80%	-
Cost of Revenue	55.99	76.87	79.13	64.32	65.53
Gross Profit	23.48	34.34	35.91	22.2	17.04
Selling, General & Admin	25.57	26.92	22.99	17.6	12.67
Research & Development	1.17	0.34	-	-	-
Operating Expenses	26.74	27.26	22.99	17.6	12.67
Operating Income	-3.26	7.08	12.92	4.61	4.37
Interest Expense	-	-0.1	-0.52	-0.83	-0.45
Other Non Operating Income (Expenses)	0.76	1.04	0.04	0.18	0.09
EBT Excluding Unusual Items	-2.45	8.02	12.45	3.96	4
Legal Settlements	-2.9	-3.65	-	-	-
Other Unusual Items	-0.8	-0.3	-	-	0.71
Pretax Income	-6.06	4.18	12.55	4.16	4.72
Income Tax Expense	-1.2	1.02	2.13	-	-
Net Income	-4.85	3.15	10.42	4.16	4.72
Net Income to Common	-4.85	3.15	10.42	4.16	4.72
Net Income Growth	-	-69.72%	150.27%	-11.81%	-
Shares Outstanding (Basic)	41	41	40	40	40
Shares Outstanding (Diluted)	41	41	40	40	40
Shares Change (YoY)	2.81%	2.90%	-	-	-
EPS (Basic)	-0.12	0.08	0.26	0.10	0.12
EPS (Diluted)	-0.12	0.08	0.26	0.10	0.12
EPS Growth	-	-70.42%	149.90%	-11.81%	-
Free Cash Flow	9	6.28	10.77	0.42	-1.54
Free Cash Flow Per Share	0.22	0.15	0.27	0.01	-0.04
Gross Margin	29.55%	30.88%	31.22%	25.66%	20.64%
Operating Margin	-4.10%	6.37%	11.23%	5.32%	5.30%
Profit Margin	-6.11%	2.84%	9.05%	4.81%	5.71%
Free Cash Flow Margin	11.33%	5.65%	9.36%	0.49%	-1.86%
EBITDA	-3.09	7.26	13.12	4.79	4.55
EBITDA Margin	-3.88%	6.53%	11.40%	5.54%	5.51%
D&A For EBITDA	0.17	0.17	0.19	0.19	0.18
EBIT	-3.26	7.08	12.92	4.61	4.37
EBIT Margin	-4.10%	6.37%	11.23%	5.32%	5.30%
Effective Tax Rate	-	24.52%	16.98%	-	-
Advertising Expenses	-	0.57	0.77	1.81	0.77

Updated May 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q