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Massimo (MAMO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Massimo (MAMO) reported revenue of $17.0M for the third quarter 2025 (Q3 2025), -34% from a year earlier and -10% from the quarter before. Operating margin was 10.5%, net earnings $1.5M (9.0% of revenue).
Massimo, Q3 2025: revenue $17.0M (-34% year over year), operating margin 10.5%, net earnings $1.5M, operating cash flow $633K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.0M | -10% | -34% |
| Gross profit | $7.1M | +4% | +3% |
| Operating profit | $1.8M | 13× | +489% |
| Net earnings | $1.5M | 20× | — |
| Operating cash flow | $633K | — | -87% |
What changed
Revenue was $17.0M in Q3 2025, down 34% year over year and down 10% from the previous quarter.
Gross margin was 42.0%, up 14.8 points from a year earlier. Operating profit was $1.8M, a 10.5% margin (up 9.3 points year over year). Operating expenses fell 20% while revenue fell 34%. The fastest-growing cost line was Research & development (+730%). Net earnings were $1.5M. The effective tax rate was 21.2%.
Operating cash flow was $633K (down 87% year over year), 41% of net earnings. Non-cash charges added back $38K of depreciation. Working capital and other items used $931K.
Questions
What was Massimo's revenue in the third quarter 2025?
Massimo (MAMO) reported revenue of $17.0M for the third quarter 2025 (Q3 2025), -34% from a year earlier and -10% from the quarter before.
Was Massimo profitable in the third quarter 2025?
Operating profit was $1.8M (10.5% of revenue) and net earnings $1.5M.
Source: Massimo 10-Q on SEC EDGAR.