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Massimo (MAMO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Massimo (MAMO) reported revenue of $14.9M for the second quarter 2026 (Q2 2026), -21% from a year earlier and +17% from the quarter before. Operating margin was 11.1%, net earnings $1.5M (9.7% of revenue).
Massimo, Q2 2026: revenue $14.9M (-21% year over year), operating margin 11.1%, net earnings $1.5M, operating cash flow $1.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.9M | +17% | -21% |
| Gross profit | $7.3M | +43% | +6% |
| Operating profit | $1.7M | — | 12× |
| Net earnings | $1.5M | — | 19× |
| Operating cash flow | $1.3M | — | — |
| Free cash flow | $901K | — | — |
What changed
Revenue was $14.9M in Q2 2026, down 21% year over year and up 17% from the previous quarter. UTVs,ATVs and e-bikes was the largest line at 92% of revenue. UTVs,ATVs and e-bikes lost $3.9M year over year (down 22%), 99% of the total change.
Gross margin was 48.8%, up 12.5 points from Q2 2025. Operating profit was $1.7M, a 11.1% margin (up 10.4 points year over year). Operating expenses fell 16% while revenue fell 21%. The fastest-growing cost line was Research & development (+100%). Net earnings were $1.5M, up 1770% year over year. The effective tax rate was 16.2%.
Operating cash flow was $1.3M, 90% of net earnings. Non-cash charges added back $66K of depreciation. Working capital and other items used $211K. Capital expenditures of $406K left free cash flow of $901K.
Questions
What was Massimo's revenue in the second quarter 2026?
Massimo (MAMO) reported revenue of $14.9M for the second quarter 2026 (Q2 2026), -21% from a year earlier and +17% from the quarter before.
Was Massimo profitable in the second quarter 2026?
Operating profit was $1.7M (11.1% of revenue) and net earnings $1.5M.
Source: Massimo 10-Q on SEC EDGAR.