# XMax Inc.: overview

XMAX · Nasdaq · CIK 1473334 · [Materials](/sectors/materials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/xmax.md) · [Financials](/companies/xmax/financials.md) · [Filings](/companies/xmax/filings.md) · [Insiders](/companies/xmax/insiders.md)

Latest reported revenue: [$2.7m](/filings/0001493152-26-038444.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 14, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001493152-26-038444).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $k | [2,616](/filings/0001493152-25-023548.md) | [2,006 d](/filings/0001493152-26-016828.md) | [2,636](/filings/0001493152-26-023861.md) | [2,556](/filings/0001493152-26-038444.md) | [9,761](/filings/0001493152-25-023548.md) | [1,770 d](/filings/0001493152-26-016828.md) | [1,782](/filings/0001493152-26-023861.md) | [2,737](/filings/0001493152-26-038444.md) |
| Gross margin | % | [45.1%](/filings/0001493152-25-023548.md) | [42.8% d](/filings/0001493152-26-016828.md) | [45.7%](/filings/0001493152-26-023861.md) | [50.2%](/filings/0001493152-26-038444.md) | [10.1%](/filings/0001493152-25-023548.md) | [40.3% d](/filings/0001493152-26-016828.md) | [49.5%](/filings/0001493152-26-023861.md) | [39.8%](/filings/0001493152-26-038444.md) |
| Operating margin | % | [(92.0%)](/filings/0001493152-25-023548.md) | [(48.4%) d](/filings/0001493152-26-016828.md) | [(7.3%)](/filings/0001493152-26-023861.md) | [(7.7%)](/filings/0001493152-26-038444.md) | [(5.0%)](/filings/0001493152-25-023548.md) | [(59.3%) d](/filings/0001493152-26-016828.md) | [(30.0%)](/filings/0001493152-26-023861.md) | [(44.5%)](/filings/0001493152-26-038444.md) |
| Net margin | % | [(94.3%)](/filings/0001493152-25-023548.md) | [(53.3%) d](/filings/0001493152-26-016828.md) | [(12.9%)](/filings/0001493152-26-023861.md) | [(11.3%)](/filings/0001493152-26-038444.md) | [(11.5%)](/filings/0001493152-25-023548.md) | [(94.0%) d](/filings/0001493152-26-016828.md) | [10.7%](/filings/0001493152-26-023861.md) | [1184.9%](/filings/0001493152-26-038444.md) |
| Diluted EPS | $ per share | [(0.72)](/filings/0001493152-25-023548.md) | not reported | [(0.03)](/filings/0001493152-26-023861.md) | [(0.02)](/filings/0001493152-26-038444.md) | [(0.06)](/filings/0001493152-25-023548.md) | not reported | [0.00](/filings/0001493152-26-023861.md) | [0.53](/filings/0001493152-26-038444.md) |
| Free cash flow | $k | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [12.6](/filings/0001493152-23-012578.md) | [12.7](/filings/0001493152-24-014501.md) | [11.1](/filings/0001641172-25-001773.md) | [9.7](/filings/0001493152-26-016828.md) | [16.7](/filings/0001493152-26-016828.md) |
| Gross margin | % | [44.0%](/filings/0001493152-23-012578.md) | [(61.1%)](/filings/0001493152-24-014501.md) | [37.6%](/filings/0001641172-25-001773.md) | [43.9%](/filings/0001493152-26-016828.md) | [25.0%](/filings/0001493152-26-016828.md) |
| Operating margin | % | [(30.7%)](/filings/0001493152-23-012578.md) | [(127.3%)](/filings/0001493152-24-014501.md) | [(57.9%)](/filings/0001641172-25-001773.md) | [(55.4%)](/filings/0001493152-26-016828.md) | [(11.5%)](/filings/0001493152-26-016828.md) |
| Net margin | % | [(159.0%)](/filings/0001493152-23-012578.md) | [(134.2%)](/filings/0001493152-24-014501.md) | [(69.7%)](/filings/0001641172-25-001773.md) | [(57.4%)](/filings/0001493152-26-016828.md) | [(20.4%)](/filings/0001493152-26-016828.md) |
| Diluted EPS | $ per share | [(3.27)](/filings/0001493152-22-009475.md) | [(12.34)](/filings/0001493152-24-014501.md) | [(4.96)](/filings/0001641172-25-001773.md) | [(1.48)](/filings/0001493152-26-016828.md) | [(0.17)](/filings/0001493152-26-016828.md) |
| Free cash flow | $m | [(4.9)](/filings/0001493152-23-012578.md) | [(5.4)](/filings/0001493152-24-014501.md) | not reported | [(1.4)](/filings/0001493152-26-016828.md) | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted; Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/xmax/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $40.2m | 4,425,213 |  | Added +3,881,753 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $22.6m | 2,485,752 |  | Added +933,086 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $13.8m | 1,522,700 |  | Added +1,029,960 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $8.7m | 954,275 |  | Added +761,046 |
| [NORTHERN TRUST CORP](/funds/73124.md) | 2026-06-30 | $4.5m | 494,030 |  | Added +400,673 |
| [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $4.0m | 443,462 |  | Added +178,857 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $3.8m | 422,802 |  | New +422,802 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $3.2m | 356,626 |  | Reduced −110,487 |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $2.9m | 323,335 |  | Reduced −137,865 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $1.8m | 197,175 |  | Added +124,213 |

## Recent filings

[All 491 filings](/companies/xmax/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-13 | 20:30 ET | [8-K](/filings/0001493152-26-046838.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001493152-26-046838 |
| 2026-10-09 | 20:30 ET | [8-K](/filings/0001493152-26-046545.md) | 1.01 Entry into a material agreement; 8.01 Other events; 9.01 Financial statements and exhibits | 0001493152-26-046545 |
| 2026-10-05 | 11:00 ET | [DEF 14A](/filings/0001493152-26-045683.md) | Proxy statement, period 2026-10-05 | 0001493152-26-045683 |
| 2026-09-15 | 20:45 ET | [8-K](/filings/0001493152-26-042760.md) | 3.01 Delisting notice | 0001493152-26-042760 |
| 2026-09-03 | 20:45 ET | [8-K](/filings/0001493152-26-041384.md) | 1.01 Entry into a material agreement; 3.02 Unregistered sale of equity; 9.01 Financial statements and exhibits | 0001493152-26-041384 |
| 2026-08-25 | 20:30 ET | [8-K](/filings/0001493152-26-040057.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001493152-26-040057 |
| 2026-08-14 | 20:31 ET | [10-Q](/filings/0001493152-26-038444.md) | Quarterly report, period 2026-06-30 | 0001493152-26-038444 |
| 2026-08-12 | 20:45 ET | [8-K](/filings/0001493152-26-037394.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 9.01 Financial statements and exhibits | 0001493152-26-037394 |
| 2026-07-28 | 20:30 ET | [8-K](/filings/0001493152-26-035017.md) | 5.07 Shareholder vote results | 0001493152-26-035017 |
| 2026-07-23 | 20:30 ET | [8-K](/filings/0001493152-26-034412.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 9.01 Financial statements and exhibits | 0001493152-26-034412 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001493152-26-016828.md), filed Apr 15, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/200bd187-cabc-4620-8d04-abc77a6f02a3)

## About the filer

- CIK: 1473334
- Tickers: XMAX
- Exchange: Nasdaq
- SIC code: 2510 Household Furniture
- State of incorporation: NV
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:40 ET. No prices; not investment advice.
