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Side-by-side financial comparison of Maase Inc. (MAAS) and Mount Logan Capital Inc. (MLCI). Click either name above to swap in a different company.

Mount Logan Capital Inc. is the larger business by last-quarter revenue ($11.4M vs $9.9M, roughly 1.2× Maase Inc.).

MAAS vs MLCI — Head-to-Head

Bigger by revenue
MLCI
MLCI
1.2× larger
MLCI
$11.4M
$9.9M
MAAS

Income Statement — Q2 FY2023 vs Q3 FY2025

Metric
MAAS
MAAS
MLCI
MLCI
Revenue
$9.9M
$11.4M
Net Profit
$-13.4M
Gross Margin
78.7%
Operating Margin
-55.9%
-97.3%
Net Margin
-117.5%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-1.64

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MAAS
MAAS
MLCI
MLCI
Cash + ST InvestmentsLiquidity on hand
$10.9M
Total DebtLower is stronger
$73.4M
Stockholders' EquityBook value
$31.6M
$131.2M
Total Assets
$47.0M
$1.6B
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAAS
MAAS
MLCI
MLCI
Q3 25
Q4 22
$10.9M
Total Debt
MAAS
MAAS
MLCI
MLCI
Q3 25
$73.4M
Q4 22
Stockholders' Equity
MAAS
MAAS
MLCI
MLCI
Q3 25
$131.2M
Q4 22
$31.6M
Total Assets
MAAS
MAAS
MLCI
MLCI
Q3 25
$1.6B
Q4 22
$47.0M
Debt / Equity
MAAS
MAAS
MLCI
MLCI
Q3 25
0.56×
Q4 22

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MAAS
MAAS
MLCI
MLCI
Operating Cash FlowLast quarter
$-18.2M
$-25.6M
Free Cash FlowOCF − Capex
$-18.3M
FCF MarginFCF / Revenue
-184.4%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAAS
MAAS
MLCI
MLCI
Q3 25
$-25.6M
Q4 22
$-18.2M
Free Cash Flow
MAAS
MAAS
MLCI
MLCI
Q3 25
Q4 22
$-18.3M
FCF Margin
MAAS
MAAS
MLCI
MLCI
Q3 25
Q4 22
-184.4%
Capex Intensity
MAAS
MAAS
MLCI
MLCI
Q3 25
Q4 22
1.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MAAS
MAAS

Wealth management$7.8M78%
Insurance consulting$1.0M10%
Other$975.0K10%
Asset management$168.0K2%

MLCI
MLCI

Segment breakdown not available.

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