Maase Inc. (MAAS) Financial Statements

Income statement

Metric	2024	2023	2022	2021
Revenue
Total Revenue	1.2B	114.4M	188.7M	191.2M
Cost of Revenue	715.6M	20.3M	55.1M	44.0M
Gross Profit	469.7M	94.2M	133.7M	147.2M
Operating Expenses
R&D Expense	—	—	—	—
SG&A Expense	504.1M	153.0M	207.8M	220.3M
General & Admin Expense	376.1M	92.4M	102.3M	90.2M
Selling & Marketing Expense	127.9M	60.6M	105.5M	130.1M
Other Expenses	426.4M	—	—	—
Total Operating Expenses	930.5M	153.0M	207.8M	220.3M
Cost and Expenses	1.6B	173.2M	262.8M	264.4M
Operating Income (EBIT)	(460.8M)	(58.8M)	(74.1M)	(73.2M)
Non-Operating
Interest Income	16.6M	8.6M	7.5M	10.9M
Interest Expense	—	—	—	—
Net Interest Income	16.6M	8.6M	7.5M	10.9M
Other Non-Op Income/Expense	(38.4M)	23.8M	12.5M	17.5M
Non-Operating Income (excl Interest)	(423.9M)	(1.7M)	(5.0M)	(4.7M)
EBT (Pre-Tax Income)	(499.1M)	(35.0M)	(61.6M)	(55.7M)
Income Tax Expense	12.9M	8.6M	(925.0K)	(9.6M)
Bottom Line
Net Income	(289.7M)	(43.6M)	(60.7M)	(46.4M)
Earnings from Cont. Ops	(512.1M)	(43.6M)	(60.7M)	(46.1M)
Earnings from Discont. Ops	—	—	—	—
Bottom Line Net Income	(289.7M)	(43.6M)	(60.7M)	(46.4M)
Per Share
Basic EPS	($4.80)	($0.72)	($1.01)	($0.77)
Diluted EPS	($4.80)	($0.72)	($1.01)	($0.77)
Revenue Per Share	$19.65	$1.90	$3.13	$3.17
Shares
Basic Shares Outstanding	60.3M	60.3M	60.3M	60.3M
Diluted Shares Outstanding	60.3M	60.3M	60.3M	60.3M
Profitability Metrics
EBITDA	22.4M	(52.8M)	(62.6M)	(54.9M)
D&A	59.2M	4.4M	6.4M	13.6M
EBIT	(36.8M)	(57.1M)	(69.1M)	(68.5M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Dec 1, 2025