How profitable is Maase Inc. (Class A) (MAAS)?

In FY 2025 (10-K), MAAS converted $109.1M of revenue into a 52% gross margin, 0% operating margin, and $9.2M in free cash flow (8.4% FCF margin).

Stock Ratings / Financials / MAAS / financials

STEP (46) PJT (65) HLNE (66) MC (64) ⌘ Pro Terminal →

Maase Inc. (Class A) (MAAS) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$12.42 +1.39% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $12.43

Maase Inc. (Class A) (MAAS) carries a Roarable Rating of D (Sell) with 49/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (49/100 · D) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE D • SELL / AVOID Cap $5.42B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on MAAS Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is MAAS stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Maase Inc. (Class A) (NASDAQ: MAAS) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 49/100 at a spot price of $12.42 (+1.39% 1D, market cap $5.42B). Pillar breakdown: Fundamental Cash Engine 13/20, Institutional 13F & Options Flow 6/20, Executive Insider Alignment 11/20, FRED Macro Regime Fit 12/20, and SEC Balance-Sheet Forensics 7/20. Across 1096 tracked Financials issuers, MAAS ranks #666 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does MAAS compare to STEP and PJT in the Financials sector?

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Within the Financials sector (Investment Managers), MAAS carries a Roarable D (49/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, STEP (StepStone Group Inc.) holds a D grade (46/100 RQD, P/E N/A, ROIC -35.0%, cap $5.22B) and PJT (PJT Partners Inc.) posts a C grade (65/100 RQD, P/E 34.6x, ROIC 34.8%, cap $6.14B). Among the 5-stock peer group, MC leads on earnings multiple (18.1x) while MC leads on capital efficiency (42.8% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for MAAS?

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Per MAAS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-06-30, CIK 0001750264), Maase Inc. (Class A) generated $109.1M in revenue (-33.1% YoY), -$27.4M in net income, and $9.2M in free cash flow against $0 in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $12.43 (+0.06%)🧬 Dilution Drag (+1.36% YoY Shares)⚙️ Cash Engine: 13/20 (C) • 8.4% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (49/100 · D) historically underperformed SPY in 71% of rolling 90-day windows (-5.4% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk D+

Each axis scored 0–20

12M PRICE TARGET CONE-4% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for MAAS)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (49/100 Composite)

🔍 WHY MAAS SCORES 49/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Cash Engine Quality+13/20 pts (27% of score)

SEC XBRL FY 2025 (10-K): 8.4% FCF Margin ($9.2M FCF) & 52% Gross Margin

▲ #2 Bullish Driver: Macro Regime Fit+12/20 pts (24% of score)

FRED Regime × Technicals: 42% of 52W Range • RSI-14 at 42.8 (NEUTRAL RANGE)

▼ #1 Drag / Risk Factor: Whale & Options Positioning6/20 pts (-14 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-14 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade D$11.83+9% Next Q

Q2 (-2Q)

Grade D$12.89-6.6% Next Q

Q3 (-1Q)

Grade D$12.04+3.2% Next Q

Current

Grade D$12.42-5.4% Hist 90D α

Trajectory: D (41) → D (49)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a MAAS Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While MAAS currently carries a cautious 49/100 (D) rating due to Whale & Options Positioning (6/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Financials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($14.30) and Max Pain ($13.04) forces dealer call-delta covering toward $26.14.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.36% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $MAAS• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “MAAS Beats Next Quarter EPS Consensus (Dec 28, 2026) & Holds Above 200D SMA”

YES 49%NO 51%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How MAAS Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$9.2M (8.4% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $15.8M

FY24

Rev $163.1M

FY25

Rev $109.1M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$109.1M	52%	-80%	-$27.4M	$9.2M	15%
FY 2024	$163.1M	52%	-38.9%	-$39.9M	$7.4M	15%
FY 2023	$15.8M	52%	-51.4%	-$6.0M	-$25.4M	15%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring MAAS)

✓Walkthrough of MAAS's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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MAAS // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +31.01%▼ DESCENDING CHANNEL

2026-11-03O $12.23H $12.42L $12.23C $12.42VOL 23.4K

RES: $16.12SUP: $10.29SMA50: $14.30SMA200: $11.63

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

MAAS Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 MAAS Butterfly Map → + Track MAAS →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. -33.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on MAAS today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for MAAS. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for MAAS today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (MAAS)

Financials Rank #666 of 1096 ⚔️ STEP vs MAAS Full Matrix →

1. Head-to-Head Financials Peer Comparison (MAAS vs. STEP, PJT, HLNE, MC)

Industry: Investment Managers (79 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, Maase Inc. (Class A) (MAAS) ranks #666 by composite RQD confidence (49/100, grade D) and #260 by equity capitalization ($5.42B). Within this direct 5-issuer industry benchmark cohort, MC leads on earnings valuation at 18.1x trailing P/E, while MC leads on capital efficiency and profitability with 42.8% ROIC and — gross margin. HLNE currently holds the highest overall quantitative score in the immediate peer group at 66/100 (C+) compared with MAAS at 49/100 (D).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
MAAS ACTIVE Maase Inc. (Class A)	D	49/100	—	—	—	+1.39%	$5.42B	Benchmark Subject
STEP StepStone Group Inc.	D	46/100	—	—	-35.0%	+3.73%	$5.22B	/step-vs-maas →
PJT PJT Partners Inc.	C	65/100	34.6x	—	34.8%	+2.59%	$6.14B	/pjt-vs-maas →
HLNE Hamilton Lane Incorporated	C+	66/100	18.9x	—	24.7%	+4.68%	$4.62B	/hlne-vs-maas →
MC Moelis & Company	C	64/100	18.1x	—	42.8%	+4.08%	$4.59B	/mc-vs-maas →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-06-30 • CIK 0001750264

In its most recent audited fiscal period (FY2025, filed 2025-06-30), Maase Inc. (Class A) (MAAS) reported GAAP revenue of $109.1M (-33.1% vs. FY2024 revenue of $163.1M , and +591.0% cumulative change since FY2023) , GAAP net income of -$27.4M, operating cash flow of $10.0M, and free cash flow of $9.2M (+25.2% YoY). On the balance sheet, MAAS closed FY2025 with $0 in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 4/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-06-30	$109.1M	-$27.4M	$10.0M	$9.2M	—	—
FY2024 (FY)	2024-06-30	$163.1M	-$39.9M	$7.9M	$7.4M	—	—
FY2023 (FY)	2023-06-30	$15.8M	-$6.0M	-$25.4M	-$25.4M	—	—

3. MAAS Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is MAAS stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does MAAS compare to STEP and PJT in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for MAAS?

Where is MAAS trading relative to its 50-day, 200-day, and 52-week technical levels?

MAAS last traded at $12.42 (+1.39% on volume of 22,866 shares), positioning the stock -13.15% below its 50-day simple moving average ($14.30) and +6.79% above its 200-day simple moving average ($11.63). Across its 52-week range of $3.51 to $24.90, MAAS sits at the 41.7% percentile with a 14-day RSI of 42.8 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($10.87 to $13.97).

Direct Sub-Reports: MAAS RQD Cockpit MAAS 12M Forecast MAAS Earnings & Move MAAS Dividends & DRIP MAAS Insiders & 13F MAAS Whale Options MAAS Profit Sankey MAAS News & Why

ROARABLE RATING BRIEF • RQD 49/100 (D) ✓ STAGE-C NUMBER FIREWALL VERIFIED

MAAS — Maase Inc. (Class A): What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:20:18Z

1. Roarable Rating Brief: What This Means to a Prospective Investor

MAAS scores 49 out of 100, earning a D grade and the verdict "Roarable Sell — Underperform / Distribution Warning." Across the five pillars, the fundamental cash engine scores 13/20 (ROIC 0%; FCF yield 0.17%), whale/13F flow scores 6/20 (institutional accumulation and options positioning), insider conviction scores 7/20 (SEC Form 4 and Congressional PTR cluster flow), macro regime fit scores 12/20 (Beta 1.0; sector sensitivity), and forensic balance sheet scores 11/20 (Altman Z 2.5; Piotroski F 4/9; Debt/Equity 0.5). For a prospective investor, the weakest pillars are institutional and insider flow, while the cash engine and balance sheet carry the most support. The rating's own framing points to distribution risk rather than accumulation, and a prospective investor would need to weigh the near-zero ROIC and thin FCF yield against the company's current $5.41B market capitalization.

2. Business Model, Unit Margins & SEC Financial Trajectory

Maase Inc. (Class A) is a NASDAQ-listed issuer classified under the Financials sector and the Investment Managers industry. The company reported revenue across three fiscal periods, but the source does not break revenue down by product or customer. Per the recent news wire, the company appointed Baoxue Xu as Co-Chief Technology Officer to lead energy technology development, which is the only business activity described in the sources.

Per the market data, gross margin is 0%, operating margin is -60%, and net margin is -25.1%, with ROIC at 0%. The Altman Z-Score is 2.5, the Piotroski F-Score is 4/9, and Debt/Equity is 0.5. Reported revenue declined from $163.1M in FY 2024 to $109.1M in FY 2025, while operating losses widened from -$63.4M to -$96.5M over the same span. Free cash flow was positive in FY 2025 and FY 2024 but negative in FY 2023.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case: The fundamental cash engine pillar scores 13 of 20 and FY 2025 free cash flow was positive at $9.2M. With Fundamental Cash Engine at 13/20 (ROIC —, FCF yield 0.17%) and Institutional Whale Flow at 6/20, sustained execution supports upside toward the top of the $3.51 – $24.90 52-week range.
🐻 Primary Bear Case: ROIC is 0% and operating losses widened to -$96.5M in FY 2025 while revenue fell to $109.1M. Investors must weigh current valuation against -60.0% operating margins and a 1.00 macro beta if sector demand softens.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

The source data therefore does not identify upstream suppliers, downstream customers, or sector correlations beyond the company's classification as a Financials Investment Manager. A prospective investor should note that the absence of mapped links means second-order effects cannot be assessed from the provided sources.

Key Question #1: What are the cash and debt balances underlying the reported Debt/Equity of 0.5 and the Altman Z-Score of 2.5?
Key Question #2: Why do the reported 52-week range and current price of $12.23 differ so widely between the low of $3.51 and the high of $24.9?
Key Question #3: How sensitive is MAAS's — gross margin and equity valuation to Financials demand cycles and macro interest-rate shifts (Beta 1.00)?

MAAS Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Maase Inc. (Class A) (MAAS) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to MAAS Debate Forum (3) ↓

🟡 MARKET WIRE TradingView • 20h ago

Maase Inc. Estimates – NASDAQ:MAAS

TradingView report covering Maase Inc. (Class A) (MAAS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Seeking Alpha • 23h ago

Maase: The Math And The Valuation Don't Add Up To Me (NASDAQ:MAAS)

Seeking Alpha report covering Maase Inc. (Class A) (MAAS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

Maase Inc. Appoints Baoxue Xu as Co-Chief Technology Officer to Lead Energy Technology Development

Yahoo Finance report covering Maase Inc. (Class A) (MAAS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE The Globe and Mail • 1d ago

Maase Inc. Names Baoxue Xu Co‑CTO to Drive Smart Energy Push

The Globe and Mail report covering Maase Inc. (Class A) (MAAS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 1d ago

A 12,500-share stock grant at Maase (MAAS) is scheduled to vest over five years.

Stock Titan report covering Maase Inc. (Class A) (MAAS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

NIQ Stock Price and Chart — NYSE:NIQ

TradingView report covering Maase Inc. (Class A) (MAAS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH Substack • 1d ago

The Bear Cave #348

Substack report covering Maase Inc. (Class A) (MAAS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST www.dars.gov.et • 1d ago

Maase Inc. (MAAS) Slips 2.73% to $12.85 as Traders Watch Support Near $12.21 - Profit Surge Picks

www.dars.gov.et report covering Maase Inc. (Class A) (MAAS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

MAAS Bull vs. Bear Conversation Board — What's Your Call at $12.42?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON MAAS 🐻 33% BEARISH CONVICTION

TA TapeReader_Pro Price Action & Volume Trader 🐂 BULLISH 🎯 Target: $14.21 (+16.0%)

📌 Pinned Debate

The fundamental cash engine pillar scores 13 of 20 and FY 2025 free cash flow was positive at $9.2M.

Picked up a starter position in MAAS in my $100K Virtual Cash book at $12.25. The fundamental cash engine pillar scores 13 of 20 and FY 2025 free cash flow was positive at $9.2M.. Trading inside a $3.51–$24.90 52-week range with 0.17% FCF yield gives solid downside support if Investment Managers multiples expand this quarter.

CapAlloc_Nerd 🐂 BULL

@TapeReader_Pro Agree on the RQD 49/100 quality, though with 1.0 beta I'm scaling in with half-size at $12.25 and keeping dry powder in case we test $11.39.

ME MeanReversion_88 Quantitative Statistical Arb 🐻 BEARISH 🎯 Target: $9.31 (-24.0%)

Spot @ $12.25

ROIC is 0% and operating losses widened to -$96.5M in FY 2025 while revenue fell to $109.1M.

ROIC is 0% and operating losses widened to -$96.5M in FY 2025 while revenue fell to $109.1M.. Look at the math on MAAS: paying current EV/EBITDA multiples for 0.0% ROIC and -60.0% operating margins leaves zero margin of safety if Investment Managers demand softens. I'd wait for a retest of $10.78 before getting long.