Maison Solutions Swings to $11.7M Net Loss in First Nine Months of FY2026
Maison Solutions Inc., a Delaware-incorporated consumer goods company, reported a net loss of $11.7 million for the nine months ending January 31, 2026, a sharp reversal from net income of $1.5 million in the year-ago period.
Maison Solutions Inc., a Delaware-incorporated consumer goods company, reported a net loss of $11.7 million for the nine months ending January 31, 2026, a sharp reversal from net income of $1.5 million in the year-ago period. The loss came as revenue declined 6.1% to $84.3 million from $89.8 million. Read more earnings reports.
For the three months ending January 31, 2026, the company posted a net loss of $5.2 million compared to net income of $1.0 million in the prior-year quarter. Revenue for the quarter fell 8.6% to $29.5 million from $32.3 million.
Operating expenses surged 30% to $24.5 million for the nine-month period from $18.9 million a year earlier, contributing to an operating loss of $4.0 million compared to operating income of $4.2 million in the prior year. Gross profit for the nine months declined 10.9% to $20.6 million from $23.1 million.
The company's balance sheet showed total assets of $72.1 million as of January 31, 2026, down from $77.4 million as of April 30, 2025. Total liabilities declined to $64.5 million from $65.7 million over the same period.
Cash and restricted cash stood at $1.5 million as of January 31, 2026, up from $775,360 at the start of the fiscal year. The company generated $911,790 in cash from operations during the nine-month period, down sharply from $6.4 million in the prior-year period. Cash used in investing activities totaled $2.9 million, while financing activities provided $2.8 million.
Stockholders' equity fell to $7.7 million as of January 31, 2026, from $11.7 million as of April 30, 2025. The company reported a retained deficit of $13.4 million as of the end of the quarter. Common shares outstanding increased to 23.2 million from 17.5 million at the start of the fiscal year.
The company reported basic and diluted earnings per share of negative $0.53 for the nine-month period compared to positive $0.08 in the prior year. For the quarter ending January 31, 2026, basic and diluted EPS were negative $0.21 versus positive $0.06 a year earlier.
Financial Summary
| Metric | 9 Months Ended Jan 31, 2026 | 9 Months Ended Jan 31, 2025 |
|---|---|---|
| Total Revenue | $84,334,537 | $89,849,752 |
| Gross Profit | $20,553,339 | $23,069,593 |
| Operating Income (Loss) | ($3,990,977) | $4,182,904 |
| Net Income (Loss) | ($11,723,951) | $1,456,662 |
| EPS (Basic) | ($0.53) | $0.08 |
| Cash from Operations | $911,790 | $6,386,143 |
Balance Sheet Highlights
| Item | As of Jan 31, 2026 | As of Apr 30, 2025 |
|---|---|---|
| Total Assets | $72,088,742 | $77,362,889 |
| Current Assets | $12,573,308 | $12,478,681 |
| Cash & Restricted Cash | $1,518,958 | $775,360 |
| Total Liabilities | $64,528,539 | $65,722,860 |
| Stockholders' Equity | $7,704,073 | $11,667,269 |