Massimo Group
Sells utility powersports vehicles and pontoon boats through dealer, retail, e-commerce and service channels.
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Profile
Utility powersports vehicles and pontoon boats make up its two reportable segments. The Texas-based platform sells through dealer, retail, e-commerce and service channels, with UTV, ATV and e-bike sales its overwhelmingly larger business line.
UTVs, ATVs and e-bikes form the larger of two reportable segments; the other sells pontoon boats. The portfolio also includes golf carts, scooters and youth-oriented products for rural, agricultural, commercial and recreational customers.
A Texas powersports business began in 2009 and later became part of a Nevada holding company. The US-based platform sells through dealer, retail, e-commerce and service channels.
Internal personnel work alongside third-party manufacturing partners and a dealer and service network. Many UTV and ATV products depend on third-party suppliers, while pontoon boats are manufactured at the Texas facility; demand is seasonal and product mix varies across periods.
Company facts
Key statistics
Year to date −74.7% · Average volume (30d) 56.1K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | — | $0.03 | — | — | $14.9M | — | 0.00% |
| May 15, 2026Q1 FY26 | — | −$0.02 | — | — | $12.7M | — | +1.02% |
| Mar 31, 2026Q4 FY25 | — | $0.05 | — | — | $21.0M | — | +2.39% |
| Nov 7, 2025Q3 FY25 | — | $0.04 | — | — | $17.0M | — | +5.67% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $14.9M | $18.9M | $17.0M | $21.0M | $12.7M | $14.9M | |
| Gross profit | $4.2M | $6.9M | $7.1M | $8.7M | $5.1M | $7.3M | |
| Operating income | −$2.7M | $142.1K | $1.8M | $2.8M | −$1.0M | $1.7M | |
| Net income | −$2.1M | $77.7K | $1.5M | $2.0M | −$1.0M | $1.5M | |
| Diluted EPS | −$0.05 | $0.00 | $0.04 | $0.05 | −$0.02 | $0.03 | |
| Gross margin | 28.4% | 36.3% | 42.0% | 41.5% | 39.9% | 48.8% | |
| Operating margin | -18.2% | 0.8% | 10.5% | 13.1% | -8.2% | 11.1% |
Fiscal years (4-quarter sums)FY23 $115.0M · FY24 $111.2M · FY25 $71.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $4.6M · Total debt $8.5M · Total assets $50.1M · Shareholders' equity $24.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 41.64M · Float 4.94M · 11.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| David Shan | 32.16M | 77.23% | 13D | Jun 6, 2025 |
| Yunhao Chen · officer: Chief Financial Officer | 133.3K | 0.32% | Form 4 | Jun 2, 2025 |
| Geode Capital Management, LLC | 122.4K | 0.29% | 13F | May 15, 2026 |
| Michael Glenn Smith · other: Former Officer | 50.0K | 0.12% | Form 4 | Jun 2, 2025 |
| Vanguard Capital Management LLC | 42.6K | 0.10% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Polaris
Broad UTV, ATV, and pontoon portfolio for utility and recreation
- BRP
Can-Am side-by-sides and ATVs in North American powersports
- Honda (ADR)
Side-by-sides and ATVs for utility and recreational use
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Massimo Group | $1.00 | 0.00% | $41.6M | 10.6 | — | 0.6 | −21.1% |
| Polaris | $63.78 | 0.00% | $3.63B | — | 22.0 | 0.5 | +9.2% |
| BRP | $62.99 | +1.73% | $4.54B | 23.6 | 43.2 | 0.7 | — |
| Honda (ADR) | $31.80 | −0.16% | $41.34B | — | 18.1 | 0.3 | +3.9% |
| Median | 23.6 | 22.0 | 0.5 | +6.5% |






