Maase Inc. is a US-listed company in the IT consulting & other services industry. Its financial year ends in June.
Revenue for the twelve months was $26m, down 75.8% on a year earlier, a steeper fall than the 18.8% decline a quarter earlier. That puts it 39 of 40 for growth among the it consulting & other services companies we cover. The diluted share count is up 3778.5% on a year earlier, which dilutes existing holders.
Our model value for Maase is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Maase Inc.'s trailing-twelve-month revenue fell 75.8% year on year, with a free-cash-flow margin of -58.2%. Where it stands out: long-term debt as % of assets of 0.0% ranks 3 of 27 it consulting & other services companies we cover. Where it lags: change in share count of 3778.5% ranks 39 of 39 it consulting & other services companies we cover.
Current signal Revenue growth decelerating: TTM revenue growth slowed to -75.8% (-57.0pp vs the prior quarter), the 2nd consecutive quarterly slowdown.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for MAAS from the sources we follow. See filings →
No model value for Maase Inc. at the moment. Current status: no valuation model gives a value we can rate yet. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Maase Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.03 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | ~$0.0 ~$0.0–$0.2 | Left out: out of range vs price (0.00x) |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Maase Inc. with IT Consulting & Other Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.
No analyst estimates are published for Maase Inc.: too few analysts cover it.
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue (TTM) |
|---|---|
| FY18 Q4 | $25.5M |
| FY19 Q4 | $29.8M |
| FY20 Q4 | $18.4M |
| FY21 Q4 | $28.9M |
| FY22 Q4 | $29.2M |
| FY23 Q4 | $16.5M |
| FY24 Q4 | $133.3M |
| FY25 Q4 | $108.3M |
| FY26 Q4 | $26.2M |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY19 Q4 | 16.8% |
| FY20 Q4 | -38.2% |
| FY21 Q4 | 56.9% |
| FY22 Q4 | 1.2% |
| FY23 Q4 | -43.7% |
| FY24 Q4 | 709.7% |
| FY25 Q4 | -18.8% |
| FY26 Q4 | -75.8% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Operating margin (TTM) |
|---|---|
| FY18 Q4 | 37.9% |
| FY19 Q4 | 27.6% |
| FY20 Q4 | -41.3% |
| FY21 Q4 | -38.3% |
| FY22 Q4 | -39.3% |
| FY23 Q4 | -51.4% |
| FY24 Q4 | -0.6% |
| FY25 Q4 | -0.9% |
| FY26 Q4 | -12.9% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | FCF margin (TTM) |
|---|---|
| FY18 Q4 | 26.8% |
| FY19 Q4 | 46.1% |
| FY20 Q4 | -70.7% |
| FY21 Q4 | -5.9% |
| FY22 Q4 | -32.3% |
| FY23 Q4 | -22.9% |
| FY24 Q4 | 5.5% |
| FY25 Q4 | 8.4% |
| FY26 Q4 | -58.2% |
| Fiscal year | 2018 Jun 2018 | 2019 Jun 2019 | 2020 Jun 2020 | 2021 Jun 2021 | 2022 Jun 2022 | 2023 Jun 2023 | 2024 Jun 2024 | 2025 Jun 2025 | 2026 Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Income | |||||||||
| Revenue | 26 | 30 | 18 | 29 | 29 | 16 | 133 | 108 | 26 |
| Gross profit | 21 | 25 | 14 | 22 | 24 | 14 | — | — | 4 |
| EBITDA | 10 | 8 | −7 | −11 | −11 | −8 | 0 | 0 | −3 |
| Operating income | 10 | 8 | −8 | −11 | −11 | −8 | −1 | −1 | −3 |
| Net income | 10 | 8 | −5 | −7 | −9 | −6 | −40 | −27 | −27 |
| Diluted EPS | $2.48 | $1.85 | −$1.04 | −$1.55 | −$2.08 | −$2.08 | −$5.24 | −$3.59 | −$0.16 |
| Growth (year on year) | |||||||||
| Revenue | — | +16.8% | −38.2% | +56.9% | +1.2% | −43.7% | +709.7% | −18.8% | −75.8% |
| EBITDA | — | −14.2% | −187.4% | — | — | — | — | — | — |
| Operating income | — | −15.0% | −192.6% | — | — | — | — | — | — |
| Net income | — | −21.0% | −159.6% | — | — | — | — | — | — |
| Diluted EPS | — | −25.6% | −156.1% | — | — | — | — | — | — |
| Margins | |||||||||
| Gross margin | 82.6% | 84.7% | 75.5% | 77.0% | 82.1% | 82.3% | — | — | 13.7% |
| EBITDA margin | 38.3% | 28.1% | −39.8% | −36.6% | −36.3% | −48.3% | 0.1% | 0.3% | −12.0% |
| Operating margin | 37.9% | 27.6% | −41.3% | −38.3% | −39.3% | −51.4% | −0.6% | −0.9% | −12.9% |
| Net margin | 39.0% | 26.3% | −25.4% | −24.3% | −32.1% | −38.1% | −30.1% | −25.1% | −102.1% |
| Free-cash-flow margin | 26.8% | 46.1% | −70.7% | −5.9% | −32.3% | −22.9% | 5.5% | 8.4% | −58.2% |
| Cash flow | |||||||||
| Cash from operations | 7 | 14 | −13 | −0 | −9 | −4 | 8 | 10 | −15 |
| Capital spending | 0 | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 0 |
| Free cash flow | 7 | 14 | −13 | −2 | −9 | −4 | 7 | 9 | −15 |
| Stock-based pay | — | — | — | — | — | — | 3 | 10 | 0 |
| Free cash flow after stock pay | — | — | — | — | — | — | 4 | −1 | −15 |
| Balance sheet | |||||||||
| Cash | 16 | 55 | 40 | 40 | 29 | 23 | 30 | 0 | 5 |
| Total debt | 4 | 7 | — | 0 | 19 | — | 14 | 11 | 6 |
| Net debt (negative = net cash) | −11 | −48 | −40 | −40 | −10 | −23 | −17 | 11 | 0 |
| Diluted shares | 4m | 4m | 5m | 5m | 5m | 3m | 8m | 8m | 295m |
| Returned to shareholders | |||||||||
| Buybacks | — | — | — | — | — | — | 1 | — | — |
| Total returned | — | — | — | — | — | — | 1 | — | — |
| Last 12 months unless stated | MAAS | CISO | AGMH | SUPX | CSPI | ARBB | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $26m | $25m | $31m | $20m | $57m | $58m | $383m |
| Revenue growth, last 12 months | −75.8% | −14.1% | −4.6% | >999% | −0.7% | 28.5% | 5.7% |
| Revenue growth, 3-year average | — | −19.9% | — | — | −4.8% | — | 4.3% |
| Revenue growth, latest quarter | — | −13.7% | — | — | −6.8% | — | 4.7% |
| Gross margin | 13.7% | 26.9% | 10.3% | −5.4% | 33.1% | −4.0% | 28.0% |
| Operating margin | −12.9% | −31.0% | −15.3% | −500.2% | −5.3% | — | 5.9% |
| Operating margin, 3-year average | −4.8% | −44.4% | 14.7% | — | −4.5% | — | 7.5% |
| Net margin | −102.1% | −11.7% | 1.8% | −527.7% | −1.2% | −35.6% | 2.2% |
| Cash from operations / revenue | −56.4% | −14.6% | −13.3% | −362.8% | −1.9% | −0.6% | 6.7% |
| Free-cash-flow margin | −58.2% | −17.2% | −13.3% | −389.5% | −2.5% | 43.1% | 5.0% |
| Free-cash-flow margin, 3-year average | −21.2% | −17.8% | 11.0% | — | 6.8% | — | 6.7% |
| Stock pay / revenue | 0.6% | 8.7% | — | 257.6% | 3.2% | — | 2.2% |
| Change in share count | >999% | 92.0% | 261.2% | 148.1% | 2.1% | 0.0% | 0.9% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | -75.8% | 6.5% | 39 of 40 |
| Change in growth rate Growth | -57.0pp | -0.8pp | 37 of 40 |
| Operating margin Profitability | -12.9% | 5.9% | 30 of 36 |
| Net margin Profitability | -102.1% | 2.5% | 38 of 40 |
| Stock pay as % of revenue Cash generation | 0.6% | 2.3% | 4 of 36 |
| Long-term debt as % of assets Balance sheet | 0.0% | 11.8% | 3 of 27 |
| Change in share count Balance sheet | 3778.5% | 0.9% | 39 of 39 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Invesco Ltd. | $2.9M | 223K | 75.2% | New |
| Renaissance Technologies LLC | $345,800 | 27K | 9.0% | New |
| Geode Capital Management, LLC | $227,201 | 17K | 5.9% | New |
| Goldman Sachs Group Inc | $200,317 | 15K | 5.2% | New |
| UBS Group AG | $126,152 | 10K | 3.3% | ▲ 2090.5% |
| Jpmorgan Chase & Co | $38,658 | 3K | 1.0% | New |
| Tower Research Capital LLC (TRC) | $14,560 | 1K | 0.4% | New |
| Morgan Stanley | $3,367 | 0K | 0.1% | New |
| Ameritas Advisory Services, LLC | $39 | 0K | 0.0% | New |
| Citigroup Inc | $13 | 0K | 0.0% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Maase Inc.'s complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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