Maximo集团2025年季度报告

FORM10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30,2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number:001-41994 Massimo Group(Exact name of registrant as specified in its charter) Registrant’s telephone number, including area code:(877)881-6376 (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of exchange on which registeredCommon stock, $0.001 par valueMAMOTheNasdaqStock Market LLC Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted andposted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter periodthat the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filerEmerging growth company ☐Accelerated filer☐☒Smaller reporting company☒☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). As of September 30, 2025, there were41,640,950shares of the Company’s common stock issued and outstanding. TABLE OF CONTENTS PageCautionary Note Regarding Forward-Looking StatementsiiPART I.FINANCIAL INFORMATIONF-1Item 1.Condensed Consolidated Balance Sheets as of September 30, 2025 (unaudited) and December 31, 2024 (audited)F-1Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the Nine Months EndedSeptember 30, 2025 and 2024 (unaudited)F-2Condensed Consolidated Statements of Changes in Shareholders’ Equity for the Nine Months Ended September 30,2025 and 2024 (unaudited)F-3Condensed Consolidated Statements of Cash Flows for the Nine months Ended September 30, 2025 and 2024(unaudited)F-4Notes to Condensed Consolidated Financial Statements (unaudited)F-5Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.1Item 3.Quantitative and Qualitative Disclosures About Market Risk.12Item 4.Controls and Procedures.12PART II.OTHER INFORMATION14Item 1.Legal Proceedings.14Item 1A.Risk Factors.14Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.14Item 3.Defaults Upon Senior Securities.14Item 4.Mine Safety Disclosures.14Item 5.Other Information.14Item 6.Exhibits.15Signatures16i Unless otherwise stated in this Quarterly Report on Form 10-Q (this “Report”), references to “we,” “us,” “our,” “Company”or “our Company” are to Massimo Group, a Nevada corporation, and its subsidiaries. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Report contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. Allstatements contained in this Report other than statements of historical fact, including statements regarding our future results ofoperations and financial position, our business strategy and plans, projected costs and our objectives for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “believe,” “may,”“will,” “estimate,” “continue,” “anticipate,” “should,” “shall,” “intend,” “goal,” “objective,” “seek,” “expect,” and similar expressionsor the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Wehave based these forward-looking statements largely on our current expectations and projections about future events and trends that webelieve may affect our financial condition, results of operations, business strategy, short-term and long-term business operations andobjectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions,incl