Saturday 17 October 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. In the quarter to June 2026, revenue grew 7.06%, EPS grew 2,750.0%, free cash flow fell 4,043.4% and total debt rose 2,091.0%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

8.13 0.35 −4.13%

Follow XMAX

Alert me

Market cap: $550.1M
P/E: 18.7×
Fwd P/E: −0.2×
Dividend yield: —
F-score: 3/9
Altman Z: 8.32
Beneish M: 22.96
Dividend safety: n/a

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 550.14

Revenue 16.05

Net Income 29.83

Free Cash Flow (4.50)

Net Debt (29.28)

Current Ratio 28.80

Debt/Equity 0.05

P/E ratio 18.72

Fwd P/E (0.18)

P/S ratio 30.90

P/B ratio 4.67

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth (0.88%)

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 63.53%

10-year low 10-year high

P/S against its own 10 years 97.20%

10-year low 10-year high

P/B against its own 10 years 85.73%

10-year low 10-year high

EV/Sales against its own 10 years 97.08%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

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%

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.

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)	0.11	(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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	9.50	26.50	10.25	7.80	3.30	8.85	1.95	1.50	0.39	0.41	Analyst estimates 2026–2028 Powerpack
	High	128.75	77.50	70.50	25.75	15.40	37.45	9.95	6.85	4.42	6.23
People
People	Employees	31	33	33	32	35	29	28	27	27	22
	Revenue/emp, $m	2.99	3.23	2.46	0.69	0.32	0.43	0.46	0.41	0.36	0.76
Income, $m
Income, $m	Revenue	93	106	81	22	11	13	13	11	10	17
	Gross margin, %	14.60	19.18	18.92	5.88	(175.26)	43.98	(61.06)	37.64	43.87	25.02
	EBT	(1)	7	5	(6)	(26)	(4)	(17)	(7)	(6)	(4)
	EBT margin, %	(1.22)	6.13	5.57	(26.77)	(232.60)	(32.34)	(133.96)	(63.06)	(57.39)	(23.92)
	Net income	0	4	5	(9)	(26)	(20)	(17)	(8)	(6)	(3)
	Depreciation	1	2	0	1	1	1	1	1	1	1
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
	Earnings	(1.00)	3.50	4.75	(7.60)	(22.70)	(16.35)	(12.35)	(4.96)	(1.48)	(0.17)
	Cash flow	(6.31)	(1.19)	(6.06)	13.13	(1.81)	(3.92)	(3.87)	(1.02)	(0.37)	(0.02)
	Capex	(0.01)	(0.02)	(0.02)	(0.02)	0.59	(0.09)	(0.01)	0.01	0.00	0.00
	Free cash flow	(6.33)	(1.21)	(6.08)	13.11	(1.22)	(4.01)	(3.88)	(1.00)	(0.37)	(0.02)
	Book value	62.19	61.83	65.95	58.28	35.65	19.23	4.77	0.32	0.83	1.35
	Shares, m	1	1	1	1	1	1	1	2	4	21
Valuation, ×
Valuation, ×	P/E	0.00	18.50	2.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.52	0.67	0.16	0.48	1.20	0.91	0.25	0.53	0.26	7.42
	P/B	0.76	1.05	0.17	0.16	0.33	0.49	0.48	11.85	0.81	4.44
	EV/Sales	0.56	0.66	0.21	0.26	0.45	0.42	0.15	0.57	0.27	7.33
	EV/FCF	(8.09)	(52.39)	(2.46)	0.39	(3.61)	(1.37)	(0.37)	(0.71)	(0.30)	(15.62)
Cash, $m
Cash, $m	Operating cash flow	(6)	(1)	(7)	15	(2)	(5)	(5)	(2)	(1)	0
	Capex	0	0	0	0	1	0	0	0	0	—
	Free cash flow	(6)	(1)	(7)	15	(1)	(5)	(5)	(2)	(1)	0
Balance, $m
Balance, $m	Working capital	58	72	74	67	41	24	7	0	2	9
	Total debt	8	4	6	3	0	0	0	0	0	5
	Net debt	5	(2)	6	(5)	(9)	(6)	(1)	0	0	(2)
	Shareholders’ equity	63	68	75	66	41	23	7	0	3	28
Returns, %
Returns, %	ROA	(1.34)	4.80	6.24	(10.64)	(44.19)	(52.53)	(83.29)	(86.92)	(68.85)	(15.04)
	ROIC	(0.70)	6.35	3.73	(5.91)	(50.84)	(13.93)	(188.17)	(1,460.37)	(104.32)	(4.56)
	ROE	(1.81)	5.72	7.39	(12.20)	(48.76)	(62.02)	(113.80)	(217.31)	(307.28)	(22.00)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MLKN MillerKnoll, Inc.	$1.5B	14.9×	8.3×	−3.38% (below 0%: shrinking)	+31.03% (above 0%: growing)	+177.93% (above 0%: growing)	41.73%	5.61%	Compare
MBC MasterBrand, Inc.	$1.4B	— (loss-making)	—	+11.53% (above 0%: growing)	n/m	+83.07% (above 0%: growing)	25.21%	(3.41%)	Compare
LZB La-Z-Boy Incorporated	$1.2B	15.1×	12.3×	−3.36% (below 0%: shrinking)	n/m	−100.71% (below 0%: shrinking)	43.87%	(0.44%)	Compare
XMAX XMax Inc.	$550.1M	18.7×	— (loss-making)	+7.06% (above 0%: growing)	n/m	−4,043.35% (below 0%: shrinking)	39.84%	(44.49%)
ETD Ethan Allen Interiors Inc.	$513.2M	12.8×	14.8×	−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	$461.2M	7.9×	— (loss-making)	+11.63% (above 0%: growing)	+657.58% (above 0%: growing)	+283.98% (above 0%: growing)	54.33%	30.29%	Compare
FLXS Flexsteel Industries, Inc.	$355.0M	12.7×	11.3×	+0.66% (above 0%: growing)	+38.92% (above 0%: growing)	+25.56% (above 0%: growing)	30.01%	14.17%	Compare
LOVE The Lovesac Company	$212.8M	11.9×	25.9×	+0.45% (above 0%: growing)	n/m	+122.14% (above 0%: growing)	68.39%	6.79%	Compare
LCUT Lifetime Brands, Inc.	$202.1M	5.6×	— (loss-making)	+7.36% (above 0%: growing)	n/m	+33.56% (above 0%: growing)	65.86%	22.34%	Compare
Median of peers	$487.2M	12.7×	12.3×	+0.55%	+34.98%	+58.32%	49.10%	8.29%

All 31 Furnishings Fixtures & Appliances stocks →

XMax Inc. (XMAX) key facts

Strength: XMax Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.7 million, up 72.6% from fiscal 2024.
XMax Inc. (XMAX) is a Furnishings Fixtures & Appliances company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, XMAX traded at $8.13, a market capitalization of $550.1 million.
Return on equity was −22.0% and debt-to-equity 0.05.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 8.32 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.