Tearsheet

Massimo (MAMO)


Market Price (12/24/2025): $3.82 | Market Cap: $158.7 Mil
Sector: Consumer Discretionary | Industry: Leisure Products

Massimo (MAMO)


Market Price (12/24/2025): $3.82
Market Cap: $158.7 Mil
Sector: Consumer Discretionary
Industry: Leisure Products

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Megatrend and thematic drivers
Megatrends include Electric Vehicles & Autonomous Driving, and Sustainable Consumption. Themes include EV Manufacturing, and Eco-friendly Products.
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.2%
1  Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 33x
2  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -47%, Rev Chg QQuarterly Revenue Change % is -34%
3  Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 101%
4  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.5%
5  Key risks
MAMO key risks include [1] an extreme customer concentration, Show more.
0 Megatrend and thematic drivers
Megatrends include Electric Vehicles & Autonomous Driving, and Sustainable Consumption. Themes include EV Manufacturing, and Eco-friendly Products.
1 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.2%
2 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 33x
3 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -47%, Rev Chg QQuarterly Revenue Change % is -34%
4 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 101%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.5%
6 Key risks
MAMO key risks include [1] an extreme customer concentration, Show more.

Valuation, Metrics & Events

MAMO Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Here are the key points explaining the stock movement of Massimo (MAMO) for the approximate time period from August 31, 2025, to December 24, 2025: 1. Massimo Group returned to profitability in Q3 2025, reporting a net income of $1.53 million, a significant turnaround from a net loss of $2.50 million in the prior-year period. This financial recovery was supported by an expanded gross margin of 42% and a 20% reduction in operating expenses, despite a temporary decline in revenue.

2. The company demonstrated strong dealer network momentum throughout 2025, executing multiple new dealer agreements in Q4 2025 to strengthen its authorized dealer footprint across key U.S. markets. This expansion, coupled with strategic hires like a Vice President of Dealer Development and a Manager of Fleet Sales, aims to support accelerated dealer-led growth in 2026.

Show more

Stock Movement Drivers

Fundamental Drivers

The 37.4% change in MAMO stock from 9/23/2025 to 12/23/2025 was primarily driven by a 54.4% change in the company's P/S Multiple.
923202512232025Change
Stock Price ($)2.893.9737.37%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)77.5968.98-11.10%
P/S Multiple1.552.3954.45%
Shares Outstanding (Mil)41.5741.550.05%
Cumulative Contribution37.37%

LTM = Last Twelve Months as of date shown

Market Drivers

9/23/2025 to 12/23/2025
ReturnCorrelation
MAMO37.4% 
Market (SPY)3.7%2.7%
Sector (XLY)2.7%9.9%

Fundamental Drivers

The 80.5% change in MAMO stock from 6/24/2025 to 12/23/2025 was primarily driven by a 146.1% change in the company's P/S Multiple.
624202512232025Change
Stock Price ($)2.203.9780.45%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)94.0868.98-26.68%
P/S Multiple0.972.39146.14%
Shares Outstanding (Mil)41.5441.55-0.01%
Cumulative Contribution80.45%

LTM = Last Twelve Months as of date shown

Market Drivers

6/24/2025 to 12/23/2025
ReturnCorrelation
MAMO80.5% 
Market (SPY)13.7%7.6%
Sector (XLY)13.5%14.9%

Fundamental Drivers

The 56.3% change in MAMO stock from 12/23/2024 to 12/23/2025 was primarily driven by a 197.8% change in the company's P/S Multiple.
1223202412232025Change
Stock Price ($)2.543.9756.30%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)130.7168.98-47.23%
P/S Multiple0.802.39197.77%
Shares Outstanding (Mil)41.3341.55-0.54%
Cumulative Contribution56.29%

LTM = Last Twelve Months as of date shown

Market Drivers

12/23/2024 to 12/23/2025
ReturnCorrelation
MAMO56.3% 
Market (SPY)16.7%2.5%
Sector (XLY)7.3%6.0%

Fundamental Drivers

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Market Drivers

12/24/2023 to 12/23/2025
ReturnCorrelation
MAMO  
Market (SPY)48.4%4.3%
Sector (XLY)38.2%6.7%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
MAMO Return103%
Peers Return-5%3%8%3%
S&P 500 Return16%27%-19%24%23%17%114%

Monthly Win Rates [3]
MAMO Win Rate50%50% 
Peers Win Rate50%50%50%47%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
MAMO Max Drawdown-23% 
Peers Max Drawdown-25%-17%-17%-12% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: SBUX, KDP, SJM, QSR, BROS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)

How Low Can It Go

MAMO has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.

Unique KeyEventXLYS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-40.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven67.4%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven680 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-33.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven51.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven82 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-21.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven28.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven105 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-60.1%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven150.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven779 days1,480 days

Compare to

In The Past

SPDR Select Sector Fund's stock fell -40.3% during the 2022 Inflation Shock from a high on 11/19/2021. A -40.3% loss requires a 67.4% gain to breakeven.

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About Massimo (MAMO)

We believe we are a leading company in the mid-tier band the (“Mid-Tier Band”) of the Powersports Vehicles and Boats Industry which our management considers to be those manufacturers that produce a wide range of ATVs, UTVs, and Pontoon Boats cater to customer needs but do not yet have the international operations and market share of the top-tier band (the “Top-Tier Band”) of the Powersports Vehicles and Boats Industry, which would include companies such as Polaris, Bombardier Recreational Products (BRP), Arctic Cat, Honda and Yamaha. In 2020, we became one of the 15 largest pontoon manufacturers in Texas. Our emphasis on providing the sports enthusiast with powerful, affordable, and reliable products has enabled us to grow annual revenues and net income to in excess of $86 million and $4 million, respectively, in the twelve months ended December 31, 2022 (“Fiscal 2022”), and in excess of $75 million and $6 million, respectively, in the nine months ended September 30, 2023, since entering the industry in 2009. We manufacture, import and distribute a diversified portfolio of products divided into two main lines: (1) a motor sports brand consisting of utility terrain vehicles (“UTVs”), all-terrain vehicles (“ATVs”), motorcycles, scooters, golf carts and a juvenile line from go karts to balance bikes; and (2) a motor boat line consisting of pontoon and tritoon boats (“Pontoon Boats”). We have been developing new product lines, such as EV chargers, portable solar panels, electric coolers, power stations and electric Pontoon Boats, all of which are currently available for sale. In addition to distributing our products, we intend to provide unparalleled customer service through a network which includes over 600 motor vehicles and 5,500 marine third-party service providers across the United States, 24-hour customer support and an approximately 40,000 sq. ft. parts facility which enables us to fulfill most parts orders within 48 hours. We seek to provide our customers with reliable, high-quality products at great value. By doing so, we believe we have developed a loyal customer base and achieved annual revenues and net income in excess of $86 million and $4 million, respectively, in the 12 months ended December 31, 2022, and in excess of $75 million and $6 million, respectively, in the nine months ended September 30, 2023. We are headquartered in a 286,000 sq. ft. facility of which 220,000 sq. ft. is dedicated to Massimo Motor Sports and 66,000 sq. ft. to Massimo Marine. Our facility is adjacent to seven acres for boat storage in Dallas, Texas, which houses a design center, two assembly lines, our parts department, a test track, dyno and over 30 loading docks. Our products are sold directly by us, in the e-commerce marketplace, and through a network of dealerships, distributors, and chain stores. We have a significant in-store UTV retail partnership with Tractor Supply Co. We manufacture and assemble our products in our Dallas facility and rely upon an international network of strategic global partnerships to supply us with parts and components. In 2017, we began a partnership with Linhai Yamaha Motor Co., located in Shanghai, China, which allowed us to rapidly expand our product line and increase the performance of our vehicles. Further, we partnered with Kubota Japan to enter the Diesel UTV market in 2019. Massimo Group. 3101 W Miller Road, Garland, TX 75041.

AI Analysis | Feedback

Here are 1-2 brief analogies to describe Massimo (MAMO):

  • A Polaris for UTVs, ATVs, and pontoon boats.
  • A BRP for recreational vehicles on land and water.

AI Analysis | Feedback

  • UTVs (Utility Terrain Vehicles): Off-road vehicles designed for both recreational use and utility tasks, often featuring side-by-side seating.
  • ATVs (All-Terrain Vehicles): Single-rider off-road vehicles built for navigating various terrains, commonly used for recreation and utility.
  • Motorcycles: Two-wheeled motor vehicles designed for diverse applications, including on-road commuting and off-road adventures.
  • Go-Karts: Small, open-wheel recreational vehicles primarily used for racing or casual driving on tracks or private land.
  • Electric Bikes: Bicycles equipped with an integrated electric motor to assist propulsion, offering an easier and faster riding experience.
  • Scooters: Two-wheeled motor vehicles characterized by a step-through frame, often used for urban commuting and short-distance travel.

AI Analysis | Feedback

The company, Massimo (symbol: MAMO), sells primarily to other companies.

Major Customers:

Massimo primarily distributes its products, which include powersports vehicles (ATVs, UTVs, side-by-sides), golf carts, and electric bikes, through a network of independent dealerships across the U.S. Additionally, they utilize various e-commerce platforms and big-box retailers to a lesser extent.

Based on the company's public filings, such as its annual 10-K report, Massimo does not disclose specific major customers by name that individually account for a significant portion (typically 10% or more) of its total revenue. Their distribution strategy relies on a broad network of independent dealerships and unnamed big-box retail partners rather than dependence on a few individually named large corporate customers.

Therefore, while Massimo's products ultimately reach individual consumers, their direct customers are businesses, but no specific "major customer" companies are individually identified in their public disclosures.

AI Analysis | Feedback

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AI Analysis | Feedback

David Shan, Founder, Chairman, and CEO

David Shan established Massimo Motor in 2009 and Massimo Marine in 2020. He has led Massimo Group through significant growth phases, including the development of diverse product lines and its public listing. Mr. Shan founded Massimo Motor Sports on June 30, 2009, and has served as Chief Executive Officer since then. He holds a bachelor's degree in international trade from Qingdao Ocean University of China. David Shan is the largest shareholder of Massimo Group, holding 77% of the shares outstanding, which gives him significant control over the company.

Dr. Yunhao Chen, CPA, Chief Financial Officer

Dr. Yunhao Chen serves as Massimo Group's Chief Financial Officer, bringing extensive experience in capital markets, financial reporting, and corporate governance since her appointment in May 2023. She holds a Ph.D. in Accounting and an MBA in Finance from the University of Minnesota. Dr. Chen is also a director and Principal Accounting Officer.

Michael Smith, Vice President

Michael Smith joined Massimo Group in 2019 and played a pivotal role in launching Massimo Marine. He possesses a strong background in powersports retail and product innovation, and is dedicated to driving new product development. Smith studied International Business and Marketing at the University of California, San Diego.

AI Analysis | Feedback

The key risks to Massimo (MAMO) include a significant customer concentration, a heavy reliance on Chinese suppliers and exposure to tariffs, and intense competition within the powersports and marine industries.

  1. Customer Concentration: Massimo faces extreme customer concentration risk, with one undisclosed customer accounting for a substantial majority of its revenues. This customer represented 69% of total revenues in Q3 2025 and 72% in Q3 2024, and 67% and 71% for the nine months ended June 30, 2025, and 2024, respectively. This high dependence on a single customer amplifies channel and demand volatility, exposing Massimo to a significant "bullwhip effect" if that customer experiences overstocking or decreased demand.
  2. Supply Chain Reliance and Tariff Risk: The company has a heavy reliance on Chinese suppliers, with the vast majority of its products, by cost, sourced from a few factories in China (63% from two factories, and one alone accounting for 48% of costs). This dependence makes Massimo highly vulnerable to potential tariff impacts and global supply chain disruptions. In response to these challenges, Massimo has initiated a strategic nearshoring effort to relocate manufacturing closer to North American markets to enhance supply chain resilience and mitigate shipping risks.
  3. Intense Competition and Industry Headwinds: Massimo operates in highly competitive powersports vehicle and marine industries, facing larger and more established rivals. The industry itself has experienced significant headwinds, including market downturns and a push towards electrification, leading some competitors to report low-profit margins or even losses. This competitive landscape and challenging market conditions put continuous pressure on Massimo's growth and profitability.

AI Analysis | Feedback

The rapid electrification of the powersports and marine vehicle markets by larger, more established competitors. Companies like Polaris and BRP (Can-Am) are aggressively investing in and launching electric UTVs, ATVs, and marine products, setting a new industry standard. This trend threatens to render Massimo's predominantly gasoline-powered core offerings less competitive as consumer preferences and technological advancements shift.

AI Analysis | Feedback

Massimo (MAMO) operates in the powersports vehicles and recreational watercraft markets. The addressable markets for its main products are as follows:

  • The global pontoon boat market exceeded $7.9 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.3% through 2032.
  • The North American ATV and UTV market is projected to reach approximately $9.18 billion in 2024 and expand to $13.37 billion by 2029, growing at a CAGR of 7.8%.
  • Massimo Group's total addressable market across its product portfolio is projected to surpass $18 billion by 2026.

AI Analysis | Feedback

Massimo (NASDAQ: MAMO) is anticipated to drive future revenue growth over the next 2-3 years through several strategic initiatives and market opportunities:

  1. Expansion through Digital Retail Platform: In April 2025, Massimo launched a comprehensive digital retail platform designed to simplify the purchasing process for its UTVs, ATVs, and mini-bikes. This platform is expected to expand the company's national sales footprint, reduce sales friction, and lead to a significant increase in annual revenue by enabling fully digital transactions, including financing and titling.
  2. Introduction of New and Next-Generation Products: Massimo is focused on consistent product innovation, including the launch of models like the T-Boss 1000 and MVR Series. The company plans to meet growing demand for next-generation electric and climate-controlled powersports vehicles, such as advanced UTVs and ATVs, and is introducing Lithium-Ion MVR Golf and Utility Carts for 2026. Furthermore, Massimo Marine's partnership with Vision Marine for electric pontoon platforms is expected to address a growing market segment.
  3. Enhanced Market Reach through Strategic Partnerships: Strategic collaborations, such as those with Vision Marine and Rural King, are expected to broaden Massimo's market reach and create additional growth opportunities.
  4. Improved Supply Chain and Manufacturing Efficiency via Nearshoring: Massimo is transitioning to a nearshoring manufacturing model by establishing new production capabilities closer to its North American markets. This initiative is anticipated to improve fulfillment velocity across its dealer network and accelerate the rollout of modular vehicle platforms and smart system integration, thereby supporting scalable revenue growth by ensuring products are available more quickly to meet demand.

AI Analysis | Feedback

Share Issuance

  • Massimo Group completed an initial public offering (IPO) in April 2024, pricing 1,300,000 shares of common stock at $4.50 per share, which raised gross proceeds of $5.85 million.
  • The company's common stock issued and outstanding was 41,640,950 shares as of September 30, 2025.
  • Shares outstanding increased from 40 million in 2022 to 41.56 million in 2025.

Inbound Investments

  • The company raised $5.85 million in gross proceeds from its initial public offering in April 2024, which was intended for marketing, promotion, and further research and development activities.

Capital Expenditures

  • Capital expenditures for the last 12 months were approximately -$46,024.
  • Massimo's capital spending history indicates it has spent lightly on capital expenditures as a percentage of its operating cash flow.
  • Recent automation initiatives at its Texas factory are expected to improve manufacturing efficiency by an estimated 50%.

Trade Ideas

Select ideas related to MAMO. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE11302025BBWIBath & Body WorksDip BuyDB | Insider Buys | Low D/EDip Buy with Strong Insider Buying
Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
10.6%10.6%0.0%
HRB_11262025_Dip_Buyer_FCFYield11262025HRBH&R BlockDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
4.8%4.8%-0.1%
LRN_11262025_Dip_Buyer_FCFYield11262025LRNStrideDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
2.6%2.6%-4.4%
ABNB_11212025_Dip_Buyer_FCFYield11212025ABNBAirbnbDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
19.5%19.5%0.0%
MTN_11212025_Dip_Buyer_FCFYield11212025MTNVail ResortsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.9%3.9%-1.6%

Recent Active Movers

More From Trefis

Peer Comparisons for Massimo

Peers to compare with:

Financials

MAMOSBUXKDPSJMQSRBROSMedian
NameMassimo StarbucksKeurig D.JM Smuck.Restaura.Dutch Br. 
Mkt Price3.9783.8627.9097.9568.8663.5266.19
Mkt Cap0.295.337.910.522.68.116.5
Rev LTM6937,18416,1748,7739,1061,5378,940
Op Inc LTM-43,5813,4751,3322,3481431,840
FCF LTM52,4421,5996361,35465995
FCF 3Y Avg53,1451,3367951,240-181,018
CFO LTM54,7482,1289691,5882781,279
CFO 3Y Avg55,6171,8551,2681,4052061,336

Growth & Margins

MAMOSBUXKDPSJMQSRBROSMedian
NameMassimo StarbucksKeurig D.JM Smuck.Restaura.Dutch Br. 
Rev Chg LTM-47.2%2.8%6.8%-0.7%21.8%28.9%4.8%
Rev Chg 3Y Avg-5.0%5.9%2.5%14.2%31.4%5.9%
Rev Chg Q-33.6%5.5%10.7%2.6%15.9%25.2%8.1%
QoQ Delta Rev Chg LTM-11.1%1.3%2.6%0.7%3.8%5.9%2.0%
Op Mgn LTM-5.2%9.6%21.5%15.2%25.8%9.3%12.4%
Op Mgn 3Y Avg4.6%13.0%21.8%16.6%28.8%7.4%14.8%
QoQ Delta Op Mgn LTM1.3%-0.8%0.0%-0.3%-0.6%0.1%-0.1%
CFO/Rev LTM7.2%12.8%13.2%11.0%17.4%18.1%13.0%
CFO/Rev 3Y Avg6.0%15.4%12.1%14.8%18.1%16.5%15.1%
FCF/Rev LTM7.2%6.6%9.9%7.2%14.9%4.3%7.2%
FCF/Rev 3Y Avg5.8%8.7%8.7%9.3%16.0%-2.9%8.7%

Valuation

MAMOSBUXKDPSJMQSRBROSMedian
NameMassimo StarbucksKeurig D.JM Smuck.Restaura.Dutch Br. 
Mkt Cap0.295.337.910.522.68.116.5
P/S2.42.62.31.22.55.22.4
P/EBIT-54.831.313.4-14.710.657.812.0
P/E-74.451.424.0-8.826.3129.925.1
P/CFO33.220.117.810.814.229.018.9
Total Yield-1.3%4.9%5.8%-7.0%8.5%0.8%2.8%
Dividend Yield0.0%2.9%1.6%4.4%4.7%0.0%2.3%
FCF Yield 3Y Avg-3.0%3.3%6.4%5.8%-2.4%3.3%
D/E0.10.30.50.80.70.10.4
Net D/E0.00.20.40.80.70.10.3

Returns

MAMOSBUXKDPSJMQSRBROSMedian
NameMassimo StarbucksKeurig D.JM Smuck.Restaura.Dutch Br. 
1M Rtn-2.2%-1.7%0.6%-7.2%-1.5%15.8%-1.6%
3M Rtn37.4%-1.4%6.2%-8.4%8.3%14.8%7.3%
6M Rtn80.5%-7.1%-15.5%2.8%7.1%-9.8%-2.1%
12M Rtn56.3%-1.5%-10.9%-8.3%7.9%19.9%3.2%
3Y Rtn--8.2%-16.8%-31.6%17.2%111.2%-8.2%
1M Excs Rtn-6.9%-6.4%-4.1%-11.8%-6.1%11.2%-6.3%
3M Excs Rtn32.8%-3.9%3.1%-14.4%3.6%13.3%3.4%
6M Excs Rtn72.1%-20.1%-27.5%-9.0%-5.3%-20.8%-14.6%
12M Excs Rtn44.9%-20.8%-29.0%-24.2%-7.7%3.6%-14.3%
3Y Excs Rtn--88.1%-95.5%-109.2%-63.0%26.7%-88.1%

Financials

Segment Financials

Revenue by Segment
$ Mil202420232022
Sales of Utility Terrain Vehicles (UTVs), All-Terrain Vehicles (ATVs) and electric bikes (e-bikes)10610379
Pontoon Boats4124
Total10911583


Net Income by Segment
$ Mil202420232022
Sales of Utility Terrain Vehicles (UTVs), All-Terrain Vehicles (ATVs) and electric bikes (e-bikes)4  
Pontoon Boats-2  
Total2  


Assets by Segment
$ Mil202420232022
Sales of Utility Terrain Vehicles (UTVs), All-Terrain Vehicles (ATVs) and electric bikes (e-bikes)48  
Pontoon Boats7  
Total55  


Price Behavior

Price Behavior
Market Price$3.97 
Market Cap ($ Bil)0.2 
First Trading Date04/02/2024 
Distance from 52W High-24.8% 
   50 Days200 Days
DMA Price$3.64$2.79
DMA Trendupup
Distance from DMA9.0%42.3%
 3M1YR
Volatility110.0%85.3%
Downside Capture-207.21-47.70
Upside Capture-18.143.98
Correlation (SPY)6.9%3.3%
MAMO Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta-0.520.660.930.980.11-0.13
Up Beta3.202.462.522.570.010.41
Down Beta1.09-0.25-0.81-0.090.090.21
Up Capture103%338%262%178%23%8%
Bmk +ve Days13263974142427
Stock +ve Days13253265122200
Down Capture-359%-150%23%7%13%38%
Bmk -ve Days7162452107323
Stock -ve Days7142552109193

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
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Based On 5-Year Data
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Based On 10-Year Data
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Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity24,424
Short Interest: % Change Since 1115202547.5%
Average Daily Volume91,046
Days-to-Cover Short Interest1
Basic Shares Quantity41,546,700
Short % of Basic Shares0.1%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/27/20251.5%1.1%-6.4%
8/12/2024-10.1%-10.7%2.8%
4/16/202410.9%27.4%20.9%
SUMMARY STATS   
# Positive222
# Negative111
Median Positive6.2%14.2%11.9%
Median Negative-10.1%-10.7%-6.4%
Max Positive10.9%27.4%20.9%
Max Negative-10.1%-10.7%-6.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251107202510-Q 9/30/2025
6302025814202510-Q 6/30/2025
3312025520202510-Q 3/31/2025
12312024326202510-K 12/31/2024
93020241114202410-Q 9/30/2024
6302024812202410-Q 6/30/2024
3312024514202410-Q 3/31/2024
12312023415202410-K 12/31/2023
123120224032024424B4 12/31/2022