10-Q · December 22, 2025
Maison Solutions Inc. reported a disappointing Q2 with revenue of $27.6 million, down 5.9% from $29.4 million in the prior year, and an EPS of -0.23, missing analysts' expectations. The negative trends in revenue and…
Earnings analysis · 10-Q
MSS earnings analysis
Filed March 17, 2026 · Our reading of the company's report
The latest report
Maison Solutions Inc. reported a notable decline in revenues for Q3 2026 with actual revenue at $29.5M, down 8.6% year-over-year. The net loss for the quarter was substantial at $5.2M compared to a profit in the same…
Read full summary
Maison Solutions Inc. reported a notable decline in revenues for Q3 2026 with actual revenue at $29.5M, down 8.6% year-over-year. The net loss for the quarter was substantial at $5.2M compared to a profit in the same period last year, indicating severe challenges affecting profitability, including rising operational expenses and increased interest costs.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.1
- Gross margin
- 25.5%
What stood out
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Revenue Decrease Compared to Last Year
Net revenues fell to $29.5M, down $2.8M or 8.6% from $32.3M in the prior year.
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Significant Net Loss for Quarter
Net loss attributable to the Company was $5.2M, compared to a profit of $1.0M last year.
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Increased Gross Profit Amid Revenue Drop
Gross profit rose to $7.5M, up by 7.0% from $7.0M despite lower revenues.
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Rising Operating Expenses
Total operating expenses surged to $10.4M, a 76.8% increase compared to $5.9M last year.
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Interest Expense Increased
Interest expense rose to $718,833, increasing 171.5% from $264,778 last year.
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Gross Margin Improvement
Gross margin increased to 25.5%, compared to 21.8% in the prior year.
What to watch
-
High Competition Impacting Sales
Sales from California-based supermarkets declined due to intense competition, contributing to a revenue drop.
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Deteriorating Financial Position
A working capital deficit of approximately $6.2 million and a net loss of $11.2M could strain liquidity.
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Missed Earnings Expectations
Reported EPS of -0.10 significantly missed estimates, signaling financial struggles.
Management's outlook
Management did not provide explicit forward financial guidance.
Earlier filings 3
10-Q · September 22, 2025
Maison Solutions Inc. reported a decline in revenue and increased losses in its Q1 2026 results. The company's revenue decreased to $27 million, down 3.6% year-over-year, with a gross margin contraction to 24.2%.…
10-K · August 14, 2025
Maison Solutions Inc. reported strong revenue growth of 114% in fiscal year 2025, reaching approximately $124.2 million, driven predominantly by the acquisition of Lee Lee Orient Supermart and increased sales in…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.