Fundamentals Hub
▼ FY 2025 Summary Analysis
Annual report ending Oct 31, 2025Overview and Growth
In fiscal 2025, MaxsMaking Inc. recorded $29.22M of revenue, net income of $2.03K, and an operating cash outflow of $5.29M. At $29.22M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $21.43M in fiscal 2024, revenue recorded a 36.3% year-over-year increase. The company employed $21.84M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 1.34x, relating the company’s annual revenue directly to the total assets reported at the period end.Profitability
After reported cost of revenue, the company retained $2.62M as gross profit before recognizing operating expenses and other items. Gross margin was 9.0%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was $103.57K, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 0.4%, showing how efficiently sales converted into operating profit. The bottom-line result was net income of $2.03K, after the operating, financing, tax, and other items recognized for the period. Net margin was 0.0%, meaning that this portion of revenue remained as net income after all recognized expenses. The earnings statement records $85.56K of pretax income, the profit base against which the reported tax provision can be assessed. Pretax income represented 0.3% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $67.43K of income tax for the period, completing the transition from pretax income to net income. The income-tax provision equaled 78.8% of pretax income, showing the tax burden absorbed by the year’s earnings. Net income equaled 0.0% of period-end equity, showing the earnings generated on shareholders’ book capital. Net income represented 0.0% of period-end assets, placing the company’s bottom-line result against the total resource base employed.Liquidity and Capital Structure
At period end, the $21.84M asset base was financed through $9.23M of liabilities and $12.61M of equity. The near-term balance sheet paired $21.54M of current assets with $6.89M of current liabilities at the reporting date. Current assets covered current liabilities by 3.13x, leaving a positive buffer for near-term obligations. The company held $122.38K in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 1.8% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $2.30M, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.18x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 10.5%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 42.3%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 0.6%, comparing reported cash and equivalents with the full positive asset balance. Compared with $17.67M in fiscal 2024, the current asset base moved 23.6% and finished higher. Reported equity changed 52.6% from $8.27M in fiscal 2024, placing the current capital base higher year over year.Cash Flow and Earnings Quality
Operating activities used $5.29M of cash, resulting in an operating cash outflow for the year. Capital expenditures used $56.88K in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. The company recorded a $5.34M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 18.3% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 24.5%.
Based on the annual report for the fiscal year ending Oct 31, 2025.
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