Massimo Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	71.83	109.33	115.04	86.53	82.57
Revenue Growth (YoY)	-34.30%	-4.96%	32.95%	4.80%	-
Cost of Revenue	44.88	76.87	79.13	64.32	65.53
Gross Profit	26.95	32.46	35.91	22.2	17.04
Selling, General & Admin	22.88	26.29	22.99	17.6	12.67
Research & Development	2.09	0.34	-	-	-
Operating Expenses	24.97	26.64	22.99	17.6	12.67
Operating Income	1.98	5.82	12.92	4.61	4.37
Interest Expense	-0.05	-0.1	-0.52	-0.83	-0.45
Other Non Operating Income (Expenses)	0.09	0.24	0.04	0.18	0.09
EBT Excluding Unusual Items	2.03	5.96	12.45	3.96	4
Legal Settlements	-	-3.65	-	-	-
Other Unusual Items	-	0.1	-	-	0.71
Pretax Income	2.03	2.42	12.55	4.16	4.72
Income Tax Expense	0.52	0.65	2.13	-	-
Net Income	1.51	1.76	10.42	4.16	4.72
Net Income to Common	1.51	1.76	10.42	4.16	4.72
Net Income Growth	-14.34%	-83.08%	150.27%	-11.81%	-
Shares Outstanding (Basic)	42	41	40	40	40
Shares Outstanding (Diluted)	42	41	40	40	40
Shares Change (YoY)	1.16%	2.90%	-	-	-
EPS (Basic)	0.04	0.04	0.26	0.10	0.12
EPS (Diluted)	0.04	0.04	0.26	0.10	0.12
EPS Growth	-9.30%	-84.61%	149.90%	-11.81%	-
Free Cash Flow	-0.16	6.28	10.77	0.42	-1.54
Free Cash Flow Per Share	-0.00	0.15	0.27	0.01	-0.04
Gross Margin	37.52%	29.69%	31.22%	25.66%	20.64%
Operating Margin	2.76%	5.33%	11.23%	5.32%	5.30%
Profit Margin	2.10%	1.61%	9.05%	4.81%	5.71%
Free Cash Flow Margin	-0.23%	5.75%	9.36%	0.49%	-1.86%
EBITDA	2.17	5.99	13.12	4.79	4.55
EBITDA Margin	3.02%	5.48%	11.40%	5.54%	5.51%
D&A For EBITDA	0.19	0.17	0.19	0.19	0.18
EBIT	1.98	5.82	12.92	4.61	4.37
EBIT Margin	2.76%	5.33%	11.23%	5.32%	5.30%
Effective Tax Rate	25.63%	27.09%	16.98%	-	-
Advertising Expenses	0.67	0.57	0.77	1.81	0.77

Source: S&P Capital IQ. Standard template. Financial Sources.