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Friday 6 November 2026 Export XMAX’s income statement to Excel — free account

XMax Inc.

XMAX Consumer Cyclical Furnishings Fixtures & Appliances

XMax Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.7 million, up 72.6% from fiscal 2024.

Revenue
+7.06%
EPS
+2,750.0%
Free cash flow
−4,043.4%
Total debt
+2,091.0%

Quarter to June 2026, against a year earlier

5.04 0.18 −3.45%
Market cap
$324.4M
P/E
11.6×
Fwd P/E
−0.2×
Dividend yield
—
F-score
3/9
Altman Z
8.32
Beneish M
22.96
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 324.38
Revenue ttm 16.05
Net income ttm 29.83
Free cash flow ttm (4.50)
Net debt Q (29.28)
Valuation
P/E 11.60
Forward P/E (0.18) (negative: loss-making)
Price / sales 19.16 (above 10: high)
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.89
Financial health
Current ratio Q 28.80 (at or above 1.5: strong)
Debt / equity Q 0.05 (at or below 0.5: strong)
Interest coverage Q (15.24)
Growth
Revenue growth Q +7.06% (above 0%: growing)
Operating income growth Q −519.64% (below 0%: shrinking)
EPS, this year —
EPS, next year A —
Revenue, next year A −0.88% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 17.3×, against a ten-year median of 0.4×; over the ten years it ranged from −0.4× in 2019 to 32.7× in 2026.
P/E against its own 10 years 52.37%
10-year low 10-year high
P/S against its own 10 years 94.50%
10-year low 10-year high
P/B against its own 10 years 82.23%
10-year low 10-year high
EV/Sales against its own 10 years 94.27%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 0 0 7 35
Receivables 0 0 2 3
Inventory 2 3 2 2
Other 0 5 0 7
4 8 12 47
2023 2024 2025 Q'26
Payables 0 1 0 0
ST’ Debt — 0 0 0
Other 0 1 1 0
4 6 2 2

Compound Annual Growth %

10y 5y 3y
Sales (15.49%) 8.06% 9.48%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (7.35%) (7.34%) 61.71%

EPS $

Mar Jun Sep Dec Year
’26 0.00 0.53 — — —
’25 (0.03) (0.02) (0.06) (0.04) (0.17)
’24 (0.65) (0.22) (0.72) (0.16) (1.48)
’23 (0.85) (0.37) (0.83) (2.91) (4.96)
’22 (0.65) (4.15) (1.25) (6.31) (12.35)
’21 (0.70) (5.65) (1.10) (9.10) (16.35)
’20 (1.20) (0.45) (7.30) (13.73) (22.70)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2 3 — — —
’25 3 3 10 2 17
’24 2 3 3 2 10
’23 2 4 2 2 11
’22 4 4 3 2 13
’21 3 4 3 3 13
’20 2 2 3 4 11
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (4) — — —
’25 0 0 (2) 2 0
’24 0 0 0 0 (1)
’23 (1) 2 0 (3) (2)
’22 (1) 0 (2) (2) (5)
’21 (1) (1) (2) (2) (5)
’20 (1) 0 0 (1) (2)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (4) — — —
’25 0 0 (2) 2 0
’24 0 0 0 0 (1)
’23 (1) 0 0 (3) (2)
’22 (1) 0 (2) (2) (5)
’21 (1) (1) (2) (2) (5)
’20 (1) 0 0 0 (1)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 93 106 81 22 11 13 13 11 10 17 16 (17.3%) — — — —
Gross margin, % 14.60 19.18 18.92 5.88 (175.26) 43.98 (61.06) 37.64 43.87 25.02 22.86 +10.4 pt
EBT (1) 7 5 (6) (26) (4) (17) (7) (6) (4) 37 +15.1%
EBT margin, % (1.22) 6.13 5.57 (26.77) (232.60) (32.34) (133.96) (63.06) (57.39) (23.92) 231.30 (22.7) pt
Net income 0 4 5 (9) (26) (20) (17) (8) (6) (3) 30 +31.4%
Per share, $
Per share, $ Revenue 91.07 96.19 71.47 19.40 9.89 10.30 9.20 7.12 2.57 0.81 0.26 (40.8%)
Earnings (1.00) 3.50 4.75 (7.60) (22.70) (16.35) (12.35) (4.96) (1.48) (0.17) 0.43 (17.9%)
Cash flow (6.31) (1.19) (6.06) 13.13 (1.81) (3.92) (3.87) (1.02) (0.37) (0.02) (0.07) (46.8%)
Capex (0.01) (0.02) (0.02) (0.02) 0.59 (0.09) (0.01) 0.01 0.00 0.00 0.00 n/m
Free cash flow (6.33) (1.21) (6.08) 13.11 (1.22) (4.01) (3.88) (1.00) (0.37) (0.02) (0.07) (46.8%)
Book value 62.19 61.83 65.95 58.28 35.65 19.23 4.77 0.32 0.83 1.35 1.74 (34.7%)
Shares, m 1 1 1 1 1 1 1 2 4 21 36 +39.8%
Valuation, ×
Valuation, × P/E 0.00 18.50 2.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11.60 2.1
P/S 0.52 0.67 0.16 0.48 1.20 0.91 0.25 0.53 0.26 7.42 19.16 1.2
P/B 0.76 1.05 0.17 0.16 0.33 0.49 0.48 11.85 0.81 4.44 2.89 2.1
EV/Sales 0.56 0.66 0.21 0.26 0.45 0.42 0.15 0.57 0.27 7.33 17.33 1.1
EV/FCF (8.09) (52.39) (2.46) 0.39 (3.61) (1.37) (0.37) (0.71) (0.30) (15.62) (23.36) (8.5)
Cash, $m
Cash, $m Operating cash flow (6) (1) (7) 15 (2) (5) (5) (2) (1) 0 (5) (25.7%)
Capex 0 0 0 0 1 0 0 0 0 — (2) +0.5%
Free cash flow (6) (1) (7) 15 (1) (5) (5) (2) (1) 0 (5) (25.7%)
Balance, $m
Balance, $m Working capital 58 72 74 67 41 24 7 0 2 9 45 (18.4%)
Net debt 5 (2) 6 (5) (9) (6) (1) 0 0 (2) (29) n/m
Shareholders’ equity 63 68 75 66 41 23 7 0 3 28 106 (8.7%)
Returns, %
Returns, % ROA (1.34) 4.80 6.24 (10.64) (44.19) (52.53) (83.29) (86.92) (68.85) (15.04) 44.95 (13.7) pt
ROIC (0.70) 6.35 3.73 (5.91) (50.84) (13.93) (188.17) (1,460.37) (104.32) (4.56) (2.67) (3.9) pt
ROE (1.81) 5.72 7.39 (12.20) (48.76) (62.02) (113.80) (217.31) (307.28) (22.00) 52.87 (20.2) pt
People
People Employees 31 33 33 32 35 29 28 27 27 22 — (3.7%)
Revenue/emp, $m 2.99 3.23 2.46 0.69 0.32 0.43 0.46 0.41 0.36 0.76 — (14.1%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

XMax Inc. vs peers in Furnishings Fixtures & Appliances (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ETD Ethan Allen Interiors Inc. $521.7M 13.4× 17.7× −8.48% (below 0%: shrinking) −4.17% (below 0%: shrinking) −14.27% (below 0%: shrinking) 63.11% 9.78% Compare
HBB Hamilton Beach Brands Holding Company $435.8M 7.3× — (loss-making) +5.64% (above 0%: growing) +116.67% (above 0%: growing) +122.80% (above 0%: growing) 27.48% 3.13% Compare
XMAX XMax Inc. $324.4M 11.6× — (loss-making) +7.06% (above 0%: growing) n/m −4,043.35% (below 0%: shrinking) 39.84% (44.49%)
FLXS Flexsteel Industries, Inc. $305.6M 10.9× 13.7× +3.19% (above 0%: growing) −4.64% (below 0%: shrinking) −187.60% (below 0%: shrinking) 22.02% 6.05% Compare
LOVE The Lovesac Company $238.4M 13.5× 14.7× +0.45% (above 0%: growing) n/m +122.14% (above 0%: growing) 68.39% 6.79% Compare
ATER Aterian, Inc. $219.8M — (loss-making) — (loss-making) −99.96% (below 0%: shrinking) n/m +109.58% (above 0%: growing) 14.29% (56,557.14%) Compare
BSET Bassett Furniture Industries, Incorporated $191.5M 27.8× 22.2× +3.41% (above 0%: growing) +166.67% (above 0%: growing) +169.50% (above 0%: growing) 57.48% 3.36% Compare
LCUT Lifetime Brands, Inc. $178.6M 5.9× 7.9× +3.35% (above 0%: growing) n/m +132.32% (above 0%: growing) 36.54% (0.01%) Compare
HOFT Hooker Furnishings Corp. $156.2M — (loss-making) 20.9× −8.66% (below 0%: shrinking) n/m +933.87% (above 0%: growing) 31.78% 2.03% Compare
Median of peers $229.1M 12.1× 16.2× +1.82% +56.25% +122.47% 34.16% 3.25%

All 30 Furnishings Fixtures & Appliances stocks →

XMax Inc. (XMAX) Latest News

3 Nov

Impact 3 · · GlobeNewswire

2 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · GlobeNewswire

12 Oct

Impact 4 · · Simply Wall St.

9 Oct

Impact 4 · · GlobeNewswire

17 Sep

Impact 4 ·

21 Aug

Impact 3 ·

14 Aug

Impact 3 ·
Impact 3 · · GlobeNewswire

29 Jun

Impact 3 ·

26 Jun

Impact 4 ·

22 May

Impact 3 · · GlobeNewswire

15 May

Impact 3 · · GlobeNewswire

1 May

Impact 4 · · GlobeNewswire

30 Apr

Impact 4 · · GlobeNewswire

21 Apr

Impact 4 ·

15 Apr

Impact 4 · · GlobeNewswire

8 Apr

Impact 4 · · GlobeNewswire

6 Apr

Impact 4 · · GlobeNewswire

24 Mar

Impact 4 · · GlobeNewswire

13 Feb

Impact 4 · · Simply Wall St.

26 Nov

Impact 3 ·

24 Nov

Impact 4 · · GlobeNewswire

14 Nov

Impact 4 · · GlobeNewswire

29 Sep

Impact 3 · · GlobeNewswire

6 Sep

Impact 4 ·

5 Sep

Impact 3 · · PR Newswire

4 Sep

Impact 3 · · GlobeNewswire

3 Sep

Impact 3 · · GlobeNewswire

21 May

Impact 4 · · Zacks
stockrow.com/XMAX · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com