Maase Inc. most recently reported annual revenue of $1.2B, a net loss of $290.0M. Revenue grew at an average annual rate of 42.3% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
Maase Inc.: Revenue rose from $156.0M in 2017 to $1.2B in 2024, a change of +659.6% over 7 years; net profit was positive in 3 of 8 reported years; operating margin moved from 30.3% to -38.9%, a shift of -69.2 percentage points; the most recent year shows a net loss of $290.0M.
Income Statement — 8 Years (USD millions)
Metric
2017
2018
2019
2020
2021
2022
2023
2024
Revenue
$156.0M
$166.0M
$203.0M
$129.0M
$191.0M
$189.0M
$114.0M
$1.2B
Operating Expenses
$108.0M
$103.0M
$147.0M
$183.0M
$264.0M
$263.0M
$173.0M
$1.6B
Operating Profit
$47.0M
$63.0M
$56.0M
$-54.0M
$-73.0M
$-74.0M
$-59.0M
$-461.0M
Operating Margin
30.3%
37.9%
27.6%
-41.3%
-38.3%
-39.3%
-51.4%
-38.9%
Other Income
$0
$9.0M
$5.0M
$18.0M
$18.0M
$13.0M
$24.0M
$-38.0M
Interest
$2.0M
$0
$1.0M
$0
$0
$0
$0
$0
Depreciation
$2.0M
$2.0M
$2.0M
$9.0M
$14.0M
$6.0M
$4.0M
$59.0M
Profit Before Tax
$48.0M
$72.0M
$61.0M
$-36.0M
$-56.0M
$-62.0M
$-35.0M
$-499.0M
Tax
$16.1M
$11.5M
$15.3M
$6.7M
$17.3M
$1.5M
$-24.5M
$-2.6M
Net Profit
$38.0M
$65.0M
$54.0M
$-33.0M
$-46.0M
$-61.0M
$-44.0M
$-290.0M
EPS
$0.67
$1.15
$0.95
$-0.55
$-0.77
$-1.01
$-0.72
$-4.80
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 12 Quarters (USD millions)
2 duplicate period labels in the source data were collapsed.
Metric
Dec '19
Jun '20
Dec '20
Jun '21
Dec '21
Jun '22
Dec '22
Jun '23
Dec '23
Jun '24
Dec '24
Dec '25
Revenue
$63.0M
$68.0M
$84.0M
$109.0M
$102.0M
$86.0M
$70.0M
$46.0M
$36.0M
$1.2B
$0
$3.0M
Operating Expenses
$100.0M
$86.0M
$113.0M
$154.0M
$150.0M
$111.0M
$109.0M
$66.0M
$64.0M
$1.2B
$1.0M
$23.0M
Operating Profit
$-36.0M
$-18.0M
$-30.0M
$-44.0M
$-49.0M
$-25.0M
$-39.0M
$-20.0M
$-28.0M
$-58.0M
$-1.0M
$-20.0M
Operating Margin
-57.1%
-26.6%
-35.2%
-40.6%
-47.7%
-29.4%
-55.9%
-44.6%
-77.1%
-5.0%
0.0%
-641.5%
Interest
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Profit Before Tax
$-26.0M
$-11.0M
$-17.0M
$-39.0M
$-43.0M
$-19.0M
$-34.0M
$-2.0M
$-26.0M
$-474.0M
$-1.0M
$-21.0M
Tax
$10.9M
$-3.6M
$20.4M
$15.9M
$8.0M
$-13.2M
$5.1M
$-552.1M
$-31.4M
$-1.1M
$0
$5.2M
Net Profit
$-22.0M
$-11.0M
$-14.0M
$-33.0M
$-39.0M
$-21.0M
$-32.0M
$-12.0M
$-34.0M
$-479.0M
$227.0M
$-1.8B
EPS
$-1337.10
$-653.75
$-818.89
$-1980.10
$-2350.11
$-1253.31
$-1920.69
$-717.66
$-1909.52
$-6975.21
$295988.00
$-9.86
Over the 8 years reported for Maase Inc., cash stood at $296.0M in the latest year, shareholders' equity was $3.0M, current assets covered current liabilities 2.80 times.
Balance Sheet — 8 Years (USD millions)
Metric
2017
2018
2019
2020
2021
2022
2023
2024
Total Assets
$192.0M
$226.0M
$479.0M
$433.0M
$468.0M
$464.0M
$265.0M
$4.3B
Current Assets
$185.0M
$215.0M
$467.0M
$393.0M
$403.0M
$395.0M
$231.0M
$2.4B
Cash
$55.0M
$103.0M
$378.0M
$286.0M
$261.0M
$194.0M
$164.0M
$296.0M
Inventory
$0
$0
$0
$0
$0
$0
$0
$0
Receivables
$109.0M
$81.0M
$29.0M
$95.0M
$57.0M
$62.0M
$58.0M
$1.4B
Fixed Assets
$1.0M
$1.0M
$4.0M
$27.0M
$41.0M
$44.0M
$15.0M
$209.0M
Capital Work in Progress
$0
$0
$0
$0
$0
$0
$0
$0
Investments
$14.0M
$21.0M
$4.0M
$4.0M
$0
$5.0M
$0
$593.0M
Other Assets
$0
$0
$0
$0
$0
$0
$0
$243.0M
Total Liabilities
$33.0M
$32.0M
$76.0M
$62.0M
$148.0M
$204.0M
$48.0M
$1.6B
Current Liabilities
$33.0M
$32.0M
$76.0M
$48.0M
$130.0M
$167.0M
$24.0M
$851.0M
Borrowings
$0
$0
$0
$22.0M
$31.0M
$35.0M
$14.0M
$216.0M
Other Liabilities
$33.0M
$32.0M
$76.0M
$40.0M
$117.0M
$169.0M
$33.0M
$1.4B
Equity
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$3.0M
Reserves
$149.0M
$185.0M
$400.0M
$368.0M
$320.0M
$260.0M
$217.0M
$1.3B
For Maase Inc., operating cash flow was positive in 3 of 8 reported years; free cash flow in the latest year was $53.0M; free cash flow was positive in 3 of 8 years; financing activities used $66.0M in the latest year, which covers debt repayment, dividends and buybacks.
Cash Flow Statement — 8 Years (USD millions)
Metric
2017
2018
2019
2020
2021
2022
2023
2024
Operating Cash Flow
$-23.0M
$45.0M
$98.0M
$-89.0M
$-3.0M
$-56.0M
$-25.0M
$58.0M
Investing Cash Flow
$20.0M
$9.0M
$58.0M
$-57.0M
$39.0M
$-16.0M
$-7.0M
$230.0M
Financing Cash Flow
$30.0M
$0
$-7.0M
$0
$0
$0
$0
$-66.0M
Net Cash Flow
$-28.0M
$55.0M
$318.0M
$-141.0M
$44.0M
$-66.0M
$-30.0M
$206.0M
Free Cash Flow
$-24.0M
$44.0M
$93.0M
$-92.0M
$-12.0M
$-62.0M
$-27.0M
$53.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
-0.17
EV / EBITDA
1560.13
FCF Yield
0.15%
Quick Ratio
2.80
Interest Coverage
—
Return 1Y
285.41%
Return 3Y
-96.25%
Return 5Y
-96.73%
Maase Inc. (MAAS) financials — frequently asked questions
What is Maase Inc.'s annual revenue?
Maase Inc. (MAAS) reported annual revenue of $1.2B in its most recent fiscal year.
What is Maase Inc.'s net profit?
Maase Inc. (MAAS) reported a net loss of $290.0M in its most recent fiscal year.
What is MAAS EV/EBITDA?
Maase Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 1560.13.