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Side-by-side financial comparison of Maase Inc. (MAAS) and Paranovus Entertainment Technology Ltd. (PAVS). Click either name above to swap in a different company.

Paranovus Entertainment Technology Ltd. is the larger business by last-quarter revenue ($12.4M vs $9.9M, roughly 1.3× Maase Inc.).

MAAS vs PAVS — Head-to-Head

Bigger by revenue
PAVS
PAVS
1.3× larger
PAVS
$12.4M
$9.9M
MAAS

Income Statement — Q2 FY2023 vs Q2 FY2026

Metric
MAAS
MAAS
PAVS
PAVS
Revenue
$9.9M
$12.4M
Net Profit
$-681.0K
Gross Margin
78.7%
20.0%
Operating Margin
-55.9%
-5.1%
Net Margin
-5.5%
Revenue YoY
18033.4%
Net Profit YoY
61.4%
EPS (diluted)

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

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MAAS
MAAS
PAVS
PAVS
Q3 25
$12.4M
Q3 23
$0
Q4 22
$9.9M
Net Profit
MAAS
MAAS
PAVS
PAVS
Q3 25
$-681.0K
Q3 23
$8.2M
Q4 22
Gross Margin
MAAS
MAAS
PAVS
PAVS
Q3 25
20.0%
Q3 23
Q4 22
78.7%
Operating Margin
MAAS
MAAS
PAVS
PAVS
Q3 25
-5.1%
Q3 23
Q4 22
-55.9%
Net Margin
MAAS
MAAS
PAVS
PAVS
Q3 25
-5.5%
Q3 23
Q4 22

Balance Sheet & Financial Strength

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

Metric
MAAS
MAAS
PAVS
PAVS
Cash + ST InvestmentsLiquidity on hand
$10.9M
$5.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$31.6M
$23.6M
Total Assets
$47.0M
$37.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAAS
MAAS
PAVS
PAVS
Q3 25
$5.2M
Q3 23
$1.0M
Q4 22
$10.9M
Stockholders' Equity
MAAS
MAAS
PAVS
PAVS
Q3 25
$23.6M
Q3 23
$10.7M
Q4 22
$31.6M
Total Assets
MAAS
MAAS
PAVS
PAVS
Q3 25
$37.3M
Q3 23
$11.2M
Q4 22
$47.0M

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
PAVS
PAVS
Operating Cash FlowLast quarter
$-18.2M
$-159.3K
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
PAVS
PAVS
Q3 25
$-159.3K
Q3 23
$-13.1M
Q4 22
$-18.2M
Free Cash Flow
MAAS
MAAS
PAVS
PAVS
Q3 25
Q3 23
Q4 22
$-18.3M
FCF Margin
MAAS
MAAS
PAVS
PAVS
Q3 25
Q3 23
Q4 22
-184.4%
Capex Intensity
MAAS
MAAS
PAVS
PAVS
Q3 25
Q3 23
Q4 22
1.0%
Cash Conversion
MAAS
MAAS
PAVS
PAVS
Q3 25
Q3 23
-1.60×
Q4 22

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%

PAVS
PAVS

Segment breakdown not available.

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