Maison Solutions Inc. Class A Common Stock
- Open
- 0.68
- Day high
- 0.70
- Day low
- 0.67
- Prev close
- 0.69
- Volume
- 13K
- Mkt cap
- $2M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.3
- P/S
- 0.0
- Yield
- —
- Per share
- —
- ▲Insiders net buying $9K over the last 3 months (4 open-market buys, 0 sales)
Maison Solutions Inc. Class A Common Stock (MSS) is a Consumer Defensive company listed on NASDAQ. The stock is down 92% over the past year. Over the trailing 3 months, insiders filed 4 open-market buys and 0 sales (SEC Form 4).
Maison Solutions Inc. Class A Common Stock (MSS) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MSS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Dec 22, 2025 | $-0.23 | $-0.24 | -4.3% | $28M | +0.1% |
| Sep 22, 2025 | — | $-0.04 | — | $27M | — |
| Mar 17, 2025 | — | $0.06 | — | $34M | — |
| Dec 16, 2024 | — | $-0.01 | — | $31M | — |
| Sep 23, 2024 | — | $0.04 | — | $30M | — |
| Mar 18, 2024 | — | $-0.03 | — | $14M | — |
| Dec 18, 2023 | — | $0.01 | — | $14M | — |
| Apr 29, 2023 | — | $0.02 | — | $14M | — |
| Jan 30, 2023 | — | $0.05 | — | $16M | — |
| Jul 30, 2022 | — | $-0.03 | — | $11M | — |
| Apr 29, 2022 | — | $0.01 | — | $11M | — |
| Jan 30, 2022 | — | $-0.01 | — | $11M | — |
MSS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 23, 2026 | Xu Johndirector, 10 percent owner, officer: CEO and President | Buy | 15,000 | $0.13 |
| Apr 23, 2026 | Xu Johndirector, 10 percent owner, officer: CEO and President | Buy | 8,400 | $0.12 |
| Apr 9, 2026 | Xu Johndirector, 10 percent owner, officer: CEO and President | Buy | 20,000 | $0.14 |
| Apr 9, 2026 | Xu Johndirector, 10 percent owner, officer: CEO and President | Buy | 24,000 | $0.15 |
| Mar 19, 2025 | Cao Xiofficer: Chief Operating Officer | Buy | 50 | $1.21 |
| Mar 19, 2025 | Cao Xiofficer: Chief Operating Officer | Sell | 58 | $1.21 |
| Mar 19, 2025 | Cao Xiofficer: Chief Operating Officer | Buy | 8 | $1.27 |
Source: MSS SEC Form 4 filings, latest Apr 23, 2026. For informational purposes only — not investment advice.
See the full MSS insider & 13F page →Maison Solutions Inc. Class A Common Stock company profile
Overview
Maison Solutions Inc. (NASDAQ:MSS) is a specialty grocery retailer founded in 2019 and based in Monterey Park, California. Originally incorporated as Maison International, Inc., the company rebranded to its current name in September 2021. The company operates primarily in California, serving communities with a focus on Asian and Chinese specialty foods alongside traditional grocery offerings. As a relatively young public company, Maison Solutions has been working to establish its market presence in the competitive California grocery landscape while navigating the challenges of post-pandemic retail operations.
Business
Maison Solutions operates as a specialty grocery retailer in the highly competitive California market. The grocery retail industry involves purchasing food and consumer goods from suppliers and distributors, then selling these products to consumers through physical store locations and increasingly through online channels. Unlike large-scale supermarket chains that focus on volume and broad appeal, specialty grocery retailers like Maison Solutions differentiate themselves by catering to specific demographic groups or offering unique product selections. The company's core business revolves around two main product categories. Perishable products include fresh meat, seafood, vegetables, and fruit - items that require careful inventory management due to their limited shelf life. Non-perishable products encompass a broader range including traditional grocery items like canned foods, but with a particular emphasis on Chinese and Asian seasonings, spices, and specialty cooking utensils that serve the Asian-American community in California. Beyond food items, Maison Solutions operates as a convenience-oriented retailer offering additional services and products including liquor sales, cigarettes, lottery tickets, newspapers, and general merchandise. The company has also expanded into adjacent categories such as beauty care products, pharmacy services, and fuel sales at some locations. Additionally, the company has developed an online platform to complement its physical store operations, reflecting the broader industry trend toward omnichannel retail experiences. The company's business model appears to be single-segment focused on specialty grocery retail, with revenue primarily derived from in-store and online sales to consumers in California's diverse communities, particularly those seeking Asian specialty food products and ingredients.
Revenue model
Maison Solutions generates revenue through direct product sales to consumers, operating on the traditional grocery retail model where the company purchases inventory from suppliers and sells it at a markup to end customers. The primary revenue streams include sales of perishable goods (fresh produce, meat, seafood), non-perishable specialty foods (particularly Asian ingredients and seasonings), and convenience items (lottery, cigarettes, general merchandise). The company's paying customers are primarily individual consumers and families, particularly those in California's Asian-American communities who seek specialty ingredients and familiar products. The business also serves the broader local population with traditional grocery needs, positioning itself as a neighborhood convenience destination. Several factors significantly impact the company's margins and profitability. Food cost inflation represents a major challenge, as grocery retailers typically operate on thin margins (often 1-3%) and must carefully balance passing through cost increases to customers while maintaining competitiveness. Supply chain disruptions can affect both product availability and costs, particularly for specialty Asian imports. Labor costs in California are notably high due to state minimum wage laws and labor regulations, creating ongoing pressure on operating expenses. Competition from both large supermarket chains and other specialty retailers can pressure pricing power, while the rise of online grocery delivery services and platforms like Amazon Fresh creates additional competitive dynamics. Real estate costs in California markets significantly impact store-level profitability, as retail lease expenses represent a major fixed cost component. The company's ability to maintain margins depends heavily on inventory turnover rates, effective purchasing negotiations with suppliers, and operational efficiency in managing perishable goods to minimize waste and spoilage.
Competitive moat
Maison Solutions operates in the highly competitive grocery retail sector, which traditionally offers limited sustainable competitive advantages. The company's primary moat appears to be its cultural and linguistic specialization in serving Asian-American communities in California. This includes deep product knowledge of Asian ingredients, established relationships with specialty suppliers, and cultural understanding that enables effective merchandising and customer service for this demographic. However, this moat is relatively narrow and vulnerable to several competitive threats. Large supermarket chains like Safeway, Kroger, and Walmart have increasingly expanded their international food sections and can leverage their scale to offer competitive pricing on similar products. Amazon and other e-commerce platforms pose a significant threat by offering convenient online ordering and delivery of specialty Asian foods, often with broader selection and competitive pricing. Independent Asian grocery chains such as 99 Ranch Market, H Mart, and regional competitors operate with similar cultural focus but often have greater scale, better locations, and more established supply chains. The company also faces competition from warehouse clubs like Costco, which serve Asian-American families with bulk purchasing options for specialty items. The grocery retail industry's fundamental challenge is that products are largely commoditized, customer switching costs are minimal, and location convenience often trumps brand loyalty. Maison Solutions' small scale limits its negotiating power with suppliers and its ability to invest in technology, store improvements, or competitive pricing. The company's moat is best described as a local niche positioning that provides some protection but lacks the durability and strength typically associated with sustainable competitive advantages.
Risks & safety
Maison Solutions presents significant financial risks with a very narrow margin of safety for investors. • Liquidity concerns: Current ratio of 0.57 indicates the company cannot cover short-term obligations with current assets. Cash position of only $445,357 against current liabilities of $26.8 million creates immediate solvency risk. • High leverage: Debt-to-equity ratio of 4.25 reflects dangerous levels of financial leverage. Total liabilities of $70.7 million against total assets of $82.7 million leaves minimal equity cushion. • Negative working capital: Current liabilities exceed current assets by over $11 million, indicating structural financing challenges and potential cash flow stress. • Valuation metrics mixed: While P/E ratio of 4.7 appears attractive, this reflects recent profitability that may not be sustainable given the company's financial structure and competitive position. • Operational volatility: Recent quarters show significant earnings swings, from losses in Q4 2023 and Q2 2024 to profits in Q1 and Q3 2024, indicating unstable operations. • Scale disadvantage: Small market capitalization of approximately $12 million limits access to capital markets and creates vulnerability to any operational disruptions. The company's financial position suggests potential distress scenarios if operating performance deteriorates or if suppliers tighten credit terms.
Recent development
Based on available financial data, Maison Solutions has experienced significant operational volatility over recent periods. The company struggled through 2023 with negative EBITDA and substantial losses, including a particularly challenging Q4 2023 that showed revenue of only $16.9 million compared to much higher levels in subsequent quarters. The company appears to have achieved a operational turnaround beginning in 2024, with Q1 2024 showing strong revenue growth to $29.6 million and positive profitability. This momentum continued into Q3 2024 with revenue reaching $34.1 million and net income of nearly $1 million, suggesting improved operational execution and possibly better market conditions. Working capital management remains a critical focus area, as the company continues to operate with negative working capital across all recent periods. The business has maintained positive operating cash flow in recent profitable quarters, generating $1.7 million in Q3 2024, which is essential given the tight liquidity position. The company's online platform development represents a strategic initiative to complement physical store operations, though specific details about digital growth or omnichannel integration are not available from the financial data. Given the competitive pressures in grocery retail and the importance of convenience for customers, this digital expansion likely represents a necessary investment for long-term viability. Revenue growth from $58 million in FY 2023 to a run-rate approaching $130+ million based on recent quarterly performance suggests either store expansion, same-store sales growth, or both, indicating management's efforts to scale the business despite financial constraints.
MSS company profile · for informational purposes only — not investment advice.
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