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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%
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 (at or above 1.5: strong)
Debt/Equity 0.05 (at or below 0.5: strong)
P/E ratio 18.72
Fwd P/E (0.18) (negative: loss-making)
P/S ratio 30.90 (above 10: high)
P/B ratio 4.67
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth (0.88%) (below 0%: weak)
Next 5Y EPS Growth —

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 29.1×, 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 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.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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
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.

XMax Inc. (XMAX) Latest News

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stockrow.com/XMAX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com