MAAS
Maase Inc.
$15.03
▲ +19.48%$15.03▲ +348.66%
over 1Y
L $2.86H $21.24
Today+19.5%
1W-13.9%
1M+33.5%
3M+154.7%
YTD+158.0%
1Y+348.7%
Avoid
Conviction
Horizon
Long (>12mo)
Unprofitable micro-cap with revenue down 33%, an -88.5% operating margin and shrinking equity — not investable now.
Revenue $109M · FY2025
Maase Inc. is a small foreign-issuer investment-advice/fintech company, and the available SEC figures point to a deteriorating, unprofitable business. FY2025 revenue fell 33.1% to $109M, the operating loss widened to -$96.5M (a stark -88.5% operating margin), and the company posted a net loss of -$27.4M (-$3.61 diluted EPS). The revenue history is highly erratic — $28.2M (FY2022), $15.8M (FY2023), a spike to $163M (FY2024), then back down to $109M (FY2025) — which makes the business difficult to underwrite and suggests volatile, possibly non-recurring revenue streams.
The balance sheet is weakening: stockholders' equity fell 49.8% to $88.8M, cash dropped 71.8% to just $11.5M, and leverage sits at 1.85x liabilities/equity against an accumulated deficit of -$72.2M. The share count fell 95.7%, indicating a reverse split or major restructuring that further clouds comparability. One bright spot — operating cash flow was a positive $9.98M — but it is dwarfed by the operating loss and provides little margin of safety given the cash depletion.
Is MAAS a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread (caution)~90d expiry
- Long put 15 @ ~4.36 est
- Short put 13.5 @ ~3.44 est
debit $92max +$58max −$92BE 14.08
AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $29.6M | $28.2M | $15.8M | $163M | $109M |
| Gross profit | — | — | — | — | — |
| Operating income | -$11.3M | -$11.1M | -$8.11M | -$63.4M | -$96.5M |
| Net income | — | -$9.06M | -$6.01M | -$39.9M | -$27.4M |
| Diluted EPS | — | -$0.10 | -$0.07 | -$0.17 | -$3.61 |
| Net margin | — | -32.1% | -38.1% | -24.4% | -25.1% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$6.65B
EV / EBITDA—
EV / Sales60.9
EV / FCF722.1
P / FCF722.1
PEG (trailing)—
Earnings yield-0.4%
FCF yield0.1%
Quality & risk
ROIC (est.)-76.1%
Free cash flow$9.20M
Total debt$11.5M
Net cash$7.00K
Altman Z-Score24.17 safe
Piotroski F-Score5/7
Capital returns
Buyback yield0.0%
Dividend yield (est.)—
Shareholder yield0.0%
Shares Δ YoY-95.7%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Recent filings
all on EDGAR ↗6-KPeriod ending 2025-12-312026-06-23open ↗6-KPeriod ending 2026-06-122026-06-12open ↗SCHEDULE 13D/AFiling2026-04-09open ↗SCHEDULE 13GFiling2026-04-06open ↗SCHEDULE 13G/AFiling2026-04-03open ↗6-KPeriod ending 2026-03-312026-03-31open ↗3Period ending 2025-11-282026-03-20open ↗3Period ending 2025-08-122026-03-19open ↗3Period ending 2025-01-242026-03-18open ↗3Period ending 2025-04-012026-03-18open ↗3Period ending 2025-12-312026-03-18open ↗3Period ending 2024-09-302026-03-18open ↗
Frequently asked
- Is Maase Inc. (MAAS) a buy?
- MAAS currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Unprofitable micro-cap with revenue down 33%, an -88.5% operating margin and shrinking equity — not investable now.
- What is Maase Inc.'s quality score?
- MAAS scores 44.45703089635113/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001750264, latest 6-K filed 2026-06-23) · EODHD · Proprietary analysis · as of 6/21/2026, 8:51:21 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:51 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.