Massimo Group (NASDAQ: MAMO) is a powersports and marine vehicle company that designs, assembles, and sells UTVs, ATVs, golf carts, electric utility carts, and pontoon boats. Revenue comes from transactional product sales through e-commerce, dealerships, distributors, and chain store partners, supplemented by accessories and replacement parts. The company is headquartered in a 376,000 sq. ft. facility in Dallas, Texas, where it operates two manual assembly lines, an automated robotic vehicle-assembly line, and seven acres of adjacent boat storage. Massimo Group was formed on October 10, 2022, with David Shan as sole stockholder, and its common stock began trading on the Nasdaq Capital Market under the symbol MAMO on April 2, 2024. The company sources parts and components from an international supplier network, including a partnership with Linhai Yamaha Motor Co. in Shanghai, China, established in 2017. Massimo Marine accounted for approximately 2.0% of total revenue for the year ended December 31, 2025, down from approximately 3.4% for the year ended December 31, 2024.

Revenue model

Transactional product sales of UTVs, ATVs, golf carts, electric utility carts, and pontoon boats sold through e-commerce, a dealer and distributor network, and chain store partnerships including Tractor Supply Co. Accessories and replacement parts provide supplemental revenue. The company offers dealer floor plan financing subsidies and third-party retail financing programs to support sales.

Products and services

UTVs including the Massimo Sentinel 1500 HVAC Crew UTV, Massimo Sentinel 770 HVAC UTV, Massimo T-Boss 560 UTV, and Massimo Buck 550-6 Crew UTV. ATVs including the Massimo MSA 760 and Massimo MSA 450F. Electric golf carts and utility carts including the Massimo MVR 2X and Massimo MVR Cargo Max. Pontoon boats sold through Massimo Marine. Accessories and replacement parts sold across all vehicle categories.

Customers and end markets

End markets include farming, land management, property maintenance, outdoor recreation, residential communities, campuses, hospitality environments, and light industrial and commercial operations. Retail customers are served through dealerships, distributors, chain stores, and e-commerce. Dealer financing is supported through floor plan arrangements with Northpoint Commercial Finance, Automotive Finance Corporation, and Dealer Direct.

Value-chain role

Massimo Group designs and assembles vehicles at its Dallas, Texas facility using parts and components sourced from an international supplier network. Products are distributed through a dealer and distributor network, chain store partners, and direct e-commerce channels including a platform launched in March 2025 in partnership with Ekho Dealer.

Geographic exposure

Headquartered in Dallas, Texas. Products are subject to emissions regulations in the United States, Canada, individual U.S. states including California, and other jurisdictions. Parts and components are sourced from China-based suppliers.

Source: SEC 10-K, filed 2026-03-31

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