Maison Solutions Inc (MSS) Q1 2026 Earnings Report

Maison Solutions Inc (MSS) delivered a revenue growth profile in QQ1 2026 underpinned by year-over-year expansion, with reported revenue of 27.17 million USD and a YoY increase of 60.49%. However, the quarter also revealed persistent profitability pressures, as net income came in negative at -1.54 million USD and EPS was -0.08. Gross profit of 6.56 million USD yielded a margin of approximately 24.15%, but a substantial operating cost base left operating income at a marginal 0.18 million USD (0.68% of revenue) and EBITDA of 0.18 million USD, implying very limited operating leverage. The QoQ revenue decline of about 20.45% suggests seasonality or the early-stage impact of ongoing investments, while the strong YoY momentum indicates underlying demand in the California grocery segment. Management commentary is not captured in the provided transcript, and there is no formal forward guidance in the data. Given the lack of cash-flow detail and balance-sheet specifics, the investment risk remains elevated until cost bases are better aligned with revenue growth and cash generation improves.