MAAS revenueFY2026CN¥183.36M
- FY YoY
- -76.5%
- 5Y CAGR
- -0.8%
MAAS revenue was CN¥183.36M for fiscal 2026 (ended Jun 30, 2026), down 76.5% from fiscal 2025. Compound annual growth was -0.8% over 5 years. It rose in 3 of the last 8 fiscal years.
Maase Inc. (MAAS) financials
For fiscal 2026 (ended Jun 30, 2026), Maase Inc. reported CN¥183.36M of revenue and -CN¥187.21M of net income. Figures are in CNY, the currency of its SEC filings.
- Revenue, FY2026
- CN¥183.36M
- Revenue growth, YoY
- -76.5%
- Net income, FY2026
- -CN¥187.21M
- Net margin
- -102.1%
- Free cash flow, FY2026
- -CN¥106.70M
- EPS, diluted, FY2026
- -CN¥1.15
- Cash
- CN¥37.09M
- Total debt
- CN¥39.06M
FY2018FY2026
FY2018FY2026
FY2018FY2026
MAAS revenue and earnings growth
MAAS net incomeFY2026-CN¥187.21M
MAAS net income was -CN¥187.21M for fiscal 2026 (ended Jun 30, 2026), compared with -CN¥195.96M in fiscal 2025.
MAAS EPSFY2026-CN¥1.15
MAAS diluted EPS was -CN¥1.15 for fiscal 2026 (ended Jun 30, 2026).
MAAS free cash flowFY2026-CN¥106.70M
MAAS free cash flow was -CN¥106.70M for fiscal 2026 (ended Jun 30, 2026), compared with CN¥65.92M in fiscal 2025.
Income statement
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥183.36M | CN¥781.22M | CN¥963.21M | CN¥114.44M | CN¥188.74M | CN¥191.20M | CN¥179.26M | CN¥203.23M | CN¥165.81M |
| Cost of revenue | CN¥158.21M | - | - | CN¥20.29M | CN¥33.83M | CN¥44.04M | CN¥31.76M | CN¥31.09M | CN¥28.82M |
| Gross profit | CN¥25.15M | - | - | CN¥94.16M | CN¥154.91M | CN¥147.16M | CN¥147.50M | CN¥172.14M | CN¥136.99M |
| Research and development | CN¥4.57M | - | - | - | - | - | - | - | - |
| Selling, general and admin | CN¥40.75M | CN¥7.29M | CN¥5.76M | CN¥92.40M | CN¥102.27M | CN¥90.19M | CN¥67.17M | CN¥48.57M | CN¥28.62M |
| Operating income | -CN¥23.69M | -CN¥7.29M | -CN¥5.76M | -CN¥58.80M | -CN¥74.10M | -CN¥73.18M | -CN¥53.52M | CN¥56.08M | CN¥62.89M |
| Interest expense | CN¥1.41M | -CN¥149.0K | -CN¥518.0K | - | - | - | - | CN¥1.05M | - |
| Pre-tax income | -CN¥21.24M | -CN¥21.89M | -CN¥5.08M | -CN¥43.58M | -CN¥61.59M | -CN¥55.67M | -CN¥35.95M | CN¥61.42M | CN¥71.88M |
| Income tax | -CN¥383.0K | -CN¥19.64M | CN¥13.53M | CN¥8.59M | -CN¥925.0K | -CN¥9.61M | -CN¥2.39M | CN¥9.40M | CN¥8.26M |
| Net income | -CN¥187.21M | -CN¥195.96M | -CN¥289.67M | -CN¥43.58M | -CN¥60.67M | -CN¥46.37M | -CN¥32.90M | CN¥52.02M | CN¥64.60M |
| EPS, basic | -CN¥0.64 | -CN¥26.03 | -CN¥112.32 | -CN¥43.35 | -CN¥60.39 | -CN¥46.17 | -CN¥32.76 | CN¥56.70 | CN¥72.63 |
| EPS, diluted | -CN¥1.15 | -CN¥25.86 | -CN¥113.55 | -CN¥43.35 | -CN¥60.39 | -CN¥46.17 | -CN¥32.76 | CN¥56.70 | CN¥72.63 |
| Diluted shares | 295.1M | 7.6M | 2.6M | 1.0M | 1.0M | 1.0M | 1.0M | 944,418.089 | 888,888.889 |
Balance sheet
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | CN¥37.09M | CN¥243.0K | CN¥370.40M | CN¥164.47M | CN¥194.26M | CN¥260.59M | CN¥288.89M | CN¥430.27M | CN¥112.00M |
| Short-term investments | CN¥36.87M | CN¥4.25M | CN¥573.90M | - | CN¥5.00M | - | CN¥4.00M | CN¥2.00M | CN¥5.01M |
| Receivables | CN¥30.11M | CN¥92.77M | CN¥188.17M | CN¥37.60M | CN¥59.51M | CN¥55.15M | CN¥39.81M | CN¥27.77M | CN¥30.76M |
| Inventory | CN¥2.41B | - | - | - | - | - | - | - | - |
| Current assets | CN¥2.67B | CN¥2.20B | CN¥2.39B | CN¥231.00M | CN¥394.75M | CN¥403.33M | CN¥393.22M | CN¥467.12M | CN¥214.57M |
| Goodwill | CN¥2.02B | - | CN¥116.17M | - | - | - | - | - | - |
| Total assets | CN¥4.93B | CN¥3.37B | CN¥4.28B | CN¥264.54M | CN¥463.94M | CN¥467.90M | CN¥432.71M | CN¥479.41M | CN¥225.87M |
| Current liabilities | CN¥249.99M | CN¥573.99M | CN¥850.99M | CN¥24.08M | CN¥167.13M | CN¥130.29M | CN¥47.52M | CN¥75.83M | CN¥32.21M |
| Short-term debt | CN¥37.00M | CN¥82.05M | CN¥98.38M | CN¥110.00M | CN¥130.00M | - | CN¥240.00M | CN¥50.00M | CN¥29.00M |
| Long-term debt | CN¥2.06M | - | - | - | - | - | - | - | - |
| Total debt | CN¥39.06M | - | - | - | - | - | - | - | - |
| Total liabilities | CN¥260.70M | CN¥1.18B | CN¥1.64B | CN¥47.51M | CN¥203.88M | CN¥147.60M | CN¥62.23M | CN¥75.83M | CN¥32.21M |
| Shareholders' equity | CN¥4.61B | CN¥636.09M | CN¥2.59B | CN¥217.03M | CN¥260.05M | CN¥320.30M | CN¥370.48M | CN¥403.58M | CN¥193.65M |
Cash flow
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -CN¥103.41M | CN¥71.47M | CN¥57.73M | -CN¥25.36M | -CN¥56.16M | -CN¥2.83M | -CN¥88.75M | CN¥98.04M | CN¥44.92M |
| Capital expenditures | CN¥3.29M | CN¥5.54M | CN¥4.30M | CN¥881.0K | CN¥4.74M | CN¥8.43M | CN¥2.75M | CN¥4.25M | CN¥473.0K |
| Free cash flow | -CN¥106.70M | CN¥65.92M | CN¥53.43M | -CN¥26.24M | -CN¥60.90M | -CN¥11.26M | -CN¥91.50M | CN¥93.79M | CN¥44.44M |
| Investing cash flow | -CN¥108.45M | -CN¥327.10M | CN¥234.16M | -CN¥4.99M | -CN¥10.60M | CN¥47.99M | -CN¥53.08M | CN¥62.54M | CN¥10.05M |
| Financing cash flow | CN¥123.74M | -CN¥14.19M | -CN¥86.84M | - | - | - | - | CN¥155.26M | - |
| Share repurchases | - | - | CN¥10.03M | - | - | - | - | - | - |
| Stock-based compensation | CN¥1.17M | CN¥73.10M | CN¥23.34M | - | - | - | - | - | - |
| Depreciation and amortization | CN¥1.68M | - | - | - | - | - | - | - | - |
Key ratios
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -76.5% | -18.9% | 741.7% | -39.4% | -1.3% | 6.7% | -11.8% | 22.6% | - |
| Net income growth, YoY | - | - | - | - | - | - | - | -19.5% | - |
| EPS growth, YoY | - | - | - | - | - | - | - | -21.9% | - |
| Gross margin | 13.7% | - | - | 82.3% | 82.1% | 77.0% | 82.3% | 84.7% | 82.6% |
| Operating margin | -12.9% | -0.9% | -0.6% | -51.4% | -39.3% | -38.3% | -29.9% | 27.6% | 37.9% |
| Net margin | -102.1% | -25.1% | -30.1% | -38.1% | -32.1% | -24.3% | -18.4% | 25.6% | 39.0% |
| Free cash flow margin | -58.2% | 8.4% | 5.5% | -22.9% | -32.3% | -5.9% | -51.0% | 46.1% | 26.8% |
| Return on equity | -4.1% | -30.8% | -11.2% | -20.1% | -23.3% | -14.5% | -8.9% | 12.9% | 33.4% |
| Return on assets | -3.8% | -5.8% | -6.8% | -16.5% | -13.1% | -9.9% | -7.6% | 10.9% | 28.6% |
| Current ratio | 10.67 | 3.84 | 2.80 | 9.59 | 2.36 | 3.10 | 8.27 | 6.16 | 6.66 |
| Debt to equity | 0.01 | - | - | - | - | - | - | - | - |
Source: XBRL data Maase Inc. files with the SEC, latest filing dated Oct 26, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-90, first reported Oct 29, 2025.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
MAAS peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MAAS | CN¥183.36M | -76.5% | -CN¥187.21M | -102.1% | $4.49B |
| BX | $16.08B | +22.1% | $3.56B | 22.1% | $93.11B |
| KKR | $20.35B | +19.8% | $3.41B | 16.8% | $88.05B |
| APO | $30.82B | +12.2% | -$918.00M | -3.0% | $72.15B |
| ARES | $5.76B | +7.6% | $432.80M | 7.5% | $46.10B |
| AMP | $20.14B | +8.8% | $4.16B | 20.7% | $44.99B |
| TROW | $7.70B | +6.9% | $2.19B | 28.4% | $23.64B |
| TPG | $5.17B | +21.6% | $268.72M | 5.2% | $18.89B |
MAAS FAQ
9 questionsWhat is MAAS revenue?
Maase Inc. (MAAS) reported CN¥183.36M of revenue for fiscal 2026 (ended Jun 30, 2026). That is down 76.5% from the year before.Is MAAS profitable?
No. Maase Inc. reported a net loss of CN¥187.21M for fiscal 2026 (ended Jun 30, 2026).How much cash and debt does MAAS have?
Maase Inc. reported CN¥37.09M in cash and cash equivalents and CN¥39.06M of debt on its most recent balance sheet in SEC filings.How fast is MAAS revenue growing?
Maase Inc.'s revenue changed -76.5% in fiscal 2026, to CN¥183.36M. Its compound annual growth rate was -0.8% over 5 years.What is MAAS gross margin?
Maase Inc.'s gross profit was CN¥25.15M on CN¥183.36M of revenue for fiscal 2026 (ended Jun 30, 2026), a gross margin of 13.7%.What is MAAS free cash flow?
Maase Inc. generated -CN¥106.70M of free cash flow for fiscal 2026 (ended Jun 30, 2026), which is operating cash flow of -CN¥103.41M less capital expenditures.What is MAAS earnings per share?
Diluted earnings per share were -CN¥1.15 for fiscal 2026 (ended Jun 30, 2026), from SEC filings, restated for any stock split those filings show.When did MAAS last report financial results?
The latest statements here come from Maase Inc.'s 20-F filed on Oct 26, 2026, covering the period ended Jun 30, 2026.Where does this MAAS financial data come from?
Quantisnow builds these statements from the structured XBRL data Maase Inc. files with the SEC. It is provided for information only and is not investment advice.