# XMax Inc. (XMAX)

**Exchange:** NASDAQ  
**Sector:** Consumer Cyclical  
**Market cap:** $178M  
**Price:** $8.61 (+3.86%)

> XMax Inc. is a designer and lifestyle furniture company operating in the consumer cyclical sector. Headquartered in Commerce, California, it focuses on contemporary styled residential and commercial furniture and related products. The company’s portfolio spans living room, bedroom, and urban dining furniture, as well as modular and quick-assembly solutions under lines such as Nova Qwik. XMax Inc. also offers bedding foundation components, serving the needs of both home and hospitality environments.

The company distributes its products through a combination of retail partners and online channels, providing international selection and purchase fulfillment. Its customer base primarily includes distributors and retailers with defined geographic coverage, often marketing XMax Inc. designs as middle to high-end private label home furnishings. With manufacturing sourced from the United States and Asia, XMax Inc. plays a role in supplying stylish, functional furniture to global markets, aligning its designs with modern interior trends and lifestyle-focused décor preferences.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $17M | $4M | -$2M | -$3M | — |
| 2024 | $10M | $4M | -$5M | -$6M | — |
| 2023 | $11M | $4M | -$6M | -$8M | — |
| 2022 | $13M | -$8M | -$16M | -$17M | — |
| 2021 | $13M | $6M | -$4M | -$20M | — |
| 2020 | $11M | -$20M | -$26M | -$26M | — |
| 2019 | $22M | $1M | -$6M | -$9M | — |
| 2018 | $81M | $15M | $5M | $5M | — |
| 2017 | $106M | $20M | $7M | $4M | — |
| 2016 | $93M | $14M | -$766,092 | -$1M | — |
| 2015 | $90M | $15M | $5M | $2M | — |
| 2014 | $99M | $19M | $5M | $9M | — |
| 2013 | $78M | $15M | $6M | $5M | — |
| 2012 | $66M | $15M | $7M | $5M | — |
| 2011 | $43M | $12M | $7M | $5M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $36M | $8M | $28M | $7M | — |
| 2024 | $10M | $7M | $3M | $161,902 | — |
| 2023 | $6M | $6M | $496,354 | $369,137 | — |
| 2022 | $12M | $5M | $7M | $1M | — |
| 2021 | $30M | $6M | $23M | $6M | — |
| 2020 | $46M | $6M | $41M | $9M | — |
| 2019 | $72M | $6M | $66M | $9M | — |
| 2018 | $90M | $15M | $75M | $243,551 | — |
| 2017 | $80M | $11M | $68M | $6M | — |
| 2016 | $77M | $14M | $63M | $3M | — |
| 2015 | $90M | $30M | $60M | $988,029 | — |
| 2014 | $81M | $29M | $52M | $1M | — |
| 2013 | $61M | $22M | $39M | $2M | — |
| 2012 | $51M | $20M | $30M | $3M | — |
| 2011 | $35M | $12M | $23M | $3M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$445,838 | — | — |
| 2024 | -$1M | $14,121 | -$1M |
| 2023 | -$2M | — | — |
| 2022 | -$5M | $8,772 | -$5M |
| 2021 | -$5M | $110,519 | -$5M |
| 2020 | -$2M | $365,043 | -$2M |
| 2019 | $15M | $25,902 | $15M |
| 2018 | -$7M | $27,529 | -$7M |
| 2017 | -$1M | $26,818 | -$1M |
| 2016 | -$6M | $13,494 | -$6M |
| 2015 | -$4M | — | -$4M |
| 2014 | -$6M | $2M | -$8M |
| 2013 | $42,762 | $502,081 | -$459,319 |
| 2012 | $826,862 | $651,805 | $175,057 |
| 2011 | -$465,766 | $589,185 | -$1M |

Source: [CompaniesByCap](https://companiesbycap.com/company/XMAX)