Revenue: As of FY2026 Q1, the actual value is USD 12.71 M.EPS: As of FY2026 Q1, the actual value is USD -0.02.EBIT: As of FY2026 Q1, the actual value is USD -1.033 M.<h3>Segment Revenue</h3><ul><li>UTVs, ATVs and e-bikes Segment: Revenue decreased by $3.1 million, or 20.0%, from $15.4 million for the three months ended March 31, 2025, to $12.3 million for the three months ended March 31, 2026, primarily due to a strategic decline in wholesale shipment volumes to major big-box retail partners amidst a volatile geopolitical and macroeconomic environment.</li><li>Pontoon Boats Segment: Revenue decreased by $0.1 million, or 28.2%, from $0.5 million for the three months ended March 31, 2025, to $0.4 million for the three months ended March 31, 2026, reflecting continued softness in the recreational marine sector. The segment’s total revenue for the three months ended March 31, 2025, was -$522,713 after accounting for a -$1,036,907 reduction related to the repurchase of goods under a litigation settlement.</li></ul><h3>Gross Profit and Margin by Segment</h3><ul><li>UTVs, ATVs and e-bikes Segment: Gross profit increased by $0.5 million, from $4.4 million in 2025 to $5.0 million in 2026, with gross margin improving from 28.8% to 40.8%.</li><li>Pontoon Boats Segment: Gross profit increased by $0.1 million, from $35,619 in 2025 to $112,089 in 2026, and gross margin improved from 6.9% to 30.4%.</li></ul><h3>Overall Operational Metrics</h3><ul><li>Total Revenue: Decreased by $2.2 million, or 14.7%, from $14.9 million in Q1 2025 to $12.7 million in Q1 2026.</li><li>Cost of Revenue: Decreased by $3.0 million, or 28.4%, from $10.7 million in Q1 2025 to $7.6 million in Q1 2026.</li><li>Gross Profit: Increased by $0.9 million, or 20.1%, from $4.2 million in Q1 2025 to $5.1 million in Q1 2026.</li><li>Gross Margin: Improved from 28.4% in Q1 2025 to 39.9% in Q1 2026.</li><li>Selling Expenses: Decreased by $0.6 million, or 32.4%, from $1.9 million in Q1 2025 to $1.3 million in Q1 2026.</li><li>General and Administrative Expenses: Remained relatively stable at $4.2 million for both periods, with a slight increase of $1,239, and as a percentage of total revenue, it increased from 28.3% to 33.2%.</li><li>Research and Development Expenses: Decreased by $0.2 million, or 25.3%, from $0.8 million in Q1 2025 to $0.6 million in Q1 2026.</li><li>Loss from Operations: Decreased by $1.7 million, or 61.6%, from -$2.7 million in Q1 2025 to -$1.0 million in Q1 2026.</li><li>Net Loss: Decreased by $1.1 million, or 51.8%, from -$2.1 million in Q1 2025 to -$1.0 million in Q1 2026.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: -$1.4 million for the three months ended March 31, 2026, compared to -$3.3 million for the same period in 2025.</li><li>Net Cash Used in Investing Activities: -$0.3 million for the three months ended March 31, 2026, compared to -$3.0 million in Q1 2025.</li><li>Net Cash Used in Financing Activities: -$11,582 for the three months ended March 31, 2026, compared to -$3.0 million in Q1 2025.</li><li>Cash and Cash Equivalents (End of Period): $4.1 million as of March 31, 2026, up from $843,624 as of March 31, 2025.</li></ul><h3>Unique Financial Indicators</h3><ul><li>Unrealized Loss on Crypto Assets: -$135,125 was recorded for the three months ended March 31, 2026.</li><li>Warranty Liabilities: $144,419 as of March 31, 2026, compared to $152,795 as of December 31, 2025.</li><li>Return Liabilities: $11,438 as of March 31, 2026, compared to $12,166 as of December 31, 2025.</li><li>Accrual on Litigation: $5,988,961 as of March 31, 2026, related to a final judgment in the Taizhou Nebula Power Co. Ltd. lawsuit.</li></ul><h3>Future Outlook and Strategy</h3>Massimo Group plans to organically support its operational needs for the next 12 months using cash flows from operating activities while exploring additional capital raising through stock issuance. The company will continue to invest in research and development for its next-generation product lineup, maintaining discipline over spending timing and scale. Strategic efforts include aligning wholesale shipment volumes with retail sell-through rates to preserve brand pricing and reduce channel inventory risk, and evaluating opportunities to expand higher-margin direct-to-consumer sales channels.

Massimo | 10-Q: FY2026 Q1 Revenue: USD 12.71 M