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    XMAX

    XMax Inc.

    Company overview

    Market capitalization
    $565.23M
    Employees
    22
    Latest publication
    2026-09-29
    About XMax Inc.

    XMax Inc., through its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers North America, Hong Kong, and internationally. The company offers upholstered, wood, and metal-based furniture pieces for the living and dining rooms, and bedrooms, as well as home offices. Its products include sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. In addition, the company sells physiotherapeutic jade mats for use in therapy clinics, hospitality, and real estate projects. It distributes its products under the Nova LifeStyle, Diamond Sofa, and Nova Living brands directly, as well as through internet sales and online marketing campaigns, and participation in exhibitions and trade shows primarily to furniture distributors and retailers. It also engages in AI software and hardware development, cloud and GPU compute infrastructure, AI model access and orchestration, and enterprise-focused AI agent deployment. The company was founded in 2003 and is headquartered in Commerce, California.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USD
    Total Revenue2,736,721USD1,781,721USD1,769,671USD9,761,091USD2,556,223USD2,635,718USD
    Cost Of Revenue1,646,454USD899,252USD1,057,257USD8,777,288USD1,272,176USD1,431,484USD
    Gross Profit1,090,267USD882,469USD712,414USD983,803USD1,284,047USD1,204,234USD
    Selling General Administrative2,017,346USD1,047,897USD1,762,451USD1,125,800USD1,170,842USD1,397,204USD
    General And Administrative Expenses2,017,346USD—————
    Total Operating Expenses2,307,825USD1,417,322USD2,818,526USD1,473,826USD1,480,541USD2,829,078USD
    Operating Income-1,217,558USD-534,853USD-1,048,855USD-490,023USD-196,494USD-193,360USD
    Total Other Income Expense Net41,455,542USD726,367USD-1,046,671USD-637,128USD-94,410USD-145,700USD
    Interest Income79,282USD—————
    Interest Expense483USD—————
    Net Interest Income55,065USD-72,754USD-84,853USD-49,634USD-66,723USD-62,071USD
    Income Before Tax40,237,984USD191,514USD-2,180,379USD-1,127,151USD-290,904USD-401,131USD
    Income Tax Expense7,809,615USD-516,973USD—-757USD-997USD—
    Net Income32,428,369USD191,514USD-1,663,406USD-1,126,394USD-289,907USD-338,871USD
    Research Development—1,182USD1,182USD272USD520USD390USD
    Selling And Marketing Expenses—369,425USD—347,754USD309,179USD—
    Tax Provision—0USD-516,973USD-757USD-997USD-62,260USD
    Net Income From Continuing Ops—191,514USD-1,663,406USD-1,126,394USD-289,907USD-338,871USD
    Ebit—-534,853USD—-490,023USD-196,494USD—
    Ebitda—-372,349USD—-306,487USD3,832USD—
    Depreciation And Amortization—162,504USD—183,536USD200,326USD—
    Reconciled Depreciation—162,504USD300,797USD183,536USD200,326USD198,082USD
    Unclassified Operating Expenses——1,054,893USD——1,431,484USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Total Revenue16,722,703USD9,686,975USD11,087,459USD12,744,871USD
    Cost Of Revenue12,538,205USD5,437,484USD6,913,902USD20,526,484USD
    Gross Profit4,184,498USD4,249,491USD4,173,557USD-7,781,613USD
    Research Development0USD1,997,861USD3,118,126USD10,917USD
    Selling General Administrative4,736,406USD7,614,985USD7,473,979USD8,429,821USD
    Selling And Marketing Expenses1,376,824USD———
    Total Operating Expenses6,113,230USD15,050,330USD17,506,007USD28,967,222USD
    Operating Income-1,928,732USD-5,363,355USD-6,418,548USD-16,222,351USD
    Interest Expense77,135USD31,244USD9,495USD—
    Net Interest Income-263,281USD-213,513USD-175,906USD-212,284USD
    Income Before Tax-3,999,565USD-5,559,091USD-6,992,165USD-17,073,517USD
    Income Tax Expense-580,987USD———
    Tax Provision-580,987USD2,614USD731,092USD2,400USD
    Net Income-3,418,578USD-5,561,705USD-7,723,257USD-17,101,671USD
    Net Income From Continuing Ops-3,418,578USD-5,561,705USD-7,723,257USD-17,075,917USD
    Ebit-3,922,430USD———
    Ebitda-3,039,689USD———
    Depreciation And Amortization882,741USD———
    Reconciled Depreciation882,741USD510,202USD803,790USD571,848USD
    Total Other Income Expense Net-2,070,833USD17,777USD-397,711USD-638,882USD
    Unclassified Operating Expenses—5,437,484USD6,913,902USD20,526,484USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USD
    Total Assets121,078,781USD47,140,007USD35,547,329USD18,286,442USD11,634,504USD11,928,226USD
    Cash And Equivalents34,626,254USD—————
    Long Term Investments73,820,917USD26,947,613USD23,104,628USD5,000,000USD——
    Total Current Assets46,938,470USD19,705,077USD11,782,698USD12,269,383USD10,241,845USD10,355,965USD
    Other Current Assets576,067USD284,096USD—354,457USD8,137,882USD—
    Total Liabilities14,781,683USD—————
    Total Current Liabilities1,629,559USD1,520,695USD2,392,742USD4,413,471USD4,486,145USD4,366,884USD
    Total Stockholder Equity106,297,098USD40,350,957USD27,959,568USD13,583,859USD6,546,721USD6,774,639USD
    Total Equity Including Noncontrolling Interest106,297,098USD—————
    Deferred Revenue189,466USD—————
    Net Receivables3,192,175USD7,853,051USD2,445,245USD7,946,446USD56,460USD64,776USD
    Inventory1,935,880USD1,656,675USD2,163,437USD2,254,098USD1,578,678USD2,105,308USD
    Property Plant Equipment Net276,134USD487,317USD660,003USD1,017,059USD1,392,232USD1,570,493USD
    Accounts Payable475,310USD128,574USD327,134USD623,602USD159,144USD284,416USD
    Short Term Debt238,527USD846,276USD—1,122,710USD1,149,118USD—
    Common Stock64,088USD53,531USD—34,242USD13,773USD—
    Retained Earnings-20,790,210USD-53,218,579USD-53,410,093USD-51,746,687USD-50,620,293USD-50,330,386USD
    Accumulated Other Comprehensive Income512,744USD504,247USD—495,262USD495,440USD—
    Total Liab—6,789,050USD7,587,761USD4,702,583USD5,087,783USD5,153,587USD
    Other Current Liab—456,698USD50,000USD984,335USD987,465USD—
    Capital Stock—53,531USD41,886USD34,242USD13,773USD13,709USD
    Cash—9,911,255USD6,708,340USD1,714,382USD468,825USD147,300USD
    Cash And Short Term Investments—9,911,255USD—1,714,382USD468,825USD—
    Current Deferred Revenue—89,147USD—349,675USD357,682USD—
    Net Debt—-3,796,624USD—-302,560USD1,281,931USD237,227USD
    Short Long Term Debt—409,740USD401,586USD398,487USD384,941USD177,115USD
    Short Long Term Debt Total—6,114,631USD—1,411,822USD1,750,756USD—
    Long Term Debt—5,253,802USD5,175,143USD204,105USD210,185USD207,412USD
    Property Plant Equipment Gross—700,035USD877,287USD1,481,653USD1,841,508USD1,993,014USD
    Common Stock Shares Outstanding—44,829,706shares41,885,728shares18,059,407shares13,729,976shares13,708,822shares
    Non Current Assets Total—27,434,930USD23,764,631USD6,017,059USD1,392,659USD1,572,261USD
    Non Current Liabilities Total—5,268,355USD5,195,019USD289,112USD601,638USD786,703USD
    Net Working Capital—18,184,382USD9,389,956USD7,855,912USD5,755,700USD5,989,081USD
    Unclassified Equity—92,958,227USD81,327,775USD64,766,800USD56,644,028USD57,091,316USD
    Good Will——0USD0USD0USD0USD
    Unclassified Current Liabilities——1,614,022USD—1,447,795USD3,905,353USD
    Intangible Assets————427USD1,768USD
    Unclassified Current Assets—————8,038,581USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Total Assets35,547,329USD9,917,403USD6,238,478USD11,533,496USD
    Other Current Assets458,198USD———
    Total Liab7,587,761USD6,793,889USD5,742,124USD4,921,666USD
    Total Stockholder Equity27,959,568USD3,123,514USD496,354USD6,611,830USD
    Other Current Liab993,312USD—27,545USD38,349USD
    Common Stock41,886USD———
    Capital Stock41,886USD7,301USD1,918USD1,440USD
    Retained Earnings-53,410,093USD-49,991,515USD-44,429,810USD-36,706,553USD
    Good Will0USD218,606USD218,606USD218,606USD
    Cash6,708,340USD161,902USD369,137USD1,374,167USD
    Cash And Short Term Investments6,708,340USD———
    Total Current Assets11,782,698USD7,931,483USD3,749,385USD8,200,306USD
    Total Current Liabilities2,392,742USD5,825,319USD3,689,328USD1,642,677USD
    Current Deferred Revenue58,786USD———
    Net Debt-499,811USD434,497USD——
    Short Term Debt1,013,510USD———
    Short Long Term Debt401,586USD398,571USD——
    Short Long Term Debt Total6,208,529USD———
    Long Term Debt5,175,143USD197,828USD147,428USD150,000USD
    Long Term Investments23,104,628USD0USD——
    Net Receivables2,452,723USD36,371USD46,998USD288,478USD
    Inventory2,163,437USD2,824,353USD2,213,311USD4,932,642USD
    Accounts Payable327,134USD728,546USD430,045USD321,261USD
    Property Plant Equipment Net660,003USD1,764,205USD2,262,014USD3,100,747USD
    Property Plant Equipment Gross877,287USD2,170,722USD2,607,930USD3,401,393USD
    Accumulated Other Comprehensive Income504,247USD———
    Common Stock Shares Outstanding20,684,692shares7,301,206shares1,917,706shares1,423,836shares
    Non Current Assets Total23,764,631USD1,985,920USD2,489,093USD3,333,190USD
    Non Current Liabilities Total5,195,019USD968,570USD2,052,796USD3,278,989USD
    Net Working Capital9,389,956USD2,106,164USD60,057USD6,557,629USD
    Unclassified Equity80,781,642USD53,107,728USD44,924,246USD43,316,943USD
    Intangible Assets—3,109USD8,473USD13,837USD
    Unclassified Current Assets—4,908,857USD1,119,939USD1,605,019USD
    Unclassified Current Liabilities—4,698,202USD3,231,738USD1,283,067USD
    Unclassified Non Current Liabilities——1,905,368USD3,128,989USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation4,204USD
    Change To Account Receivables-747,014USD
    Change To Inventory225,203USD
    Change To Liabilities148,176USD
    Change In Working Capital-373,635USD
    Operating Cash Flow-4,289,297USD
    Capital Expenditures-6,352USD
    Net Investments-7,797,538USD
    Unclassified Investing Cash Flow-5,300,000USD
    Investing Cash Flow-13,103,890USD
    Net Debt Issuance-10,147USD
    Unclassified Financing Cash Flow45,308,403USD
    Financing Cash Flow45,298,256USD
    Effect Of Forex Changes On Cash12,845USD
    Change In Cash27,917,914USD
    End Cash Flow34,626,254USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USD
    Net Income191,514USD-1,663,406USD-1,126,394USD-289,907USD-338,871USD
    Depreciation162,504USD300,797USD183,536USD200,326USD198,082USD
    Stock Based Compensation3,128,380USD3,128,380USD88,839USD58,815USD111,626USD
    Other Non Cash Items-786,646USD—972USD697USD—
    Change To Account Receivables-12,113USD5,490,599USD-7,899,987USD29,315USD-28,692USD
    Change To Inventory504,408USD90,459USD-676,589USD525,640USD715,364USD
    Change In Working Capital-209,116USD29,053USD-1,054,113USD122,582USD-516,028USD
    Total Cash From Operating Activities-641,744USD1,691,426USD-1,907,160USD92,513USD-322,617USD
    Capital Expenditures0USD0USD0USD0USD0USD
    Free Cash Flow-641,744USD1,691,426USD-1,907,160USD92,513USD-322,617USD
    Investments-3,048,773USD-17,808,208USD——0USD
    Total Cashflows From Investing Activities-8,348,773USD————
    Net Borrowings-5,937USD5,110,895USD1,726USD199,141USD-217,867USD
    Total Cash From Financing Activities12,193,432USD21,119,362USD8,151,716USD199,141USD282,133USD
    Dividends Paid0USD———0USD
    Issuance Of Capital Stock12,199,875USD24,167,871USD0USD0USD500,000USD
    Change In Cash3,202,915USD4,993,958USD1,245,557USD321,525USD-14,602USD
    Begin Period Cash Flow6,708,340USD1,714,382USD468,825USD147,300USD161,902USD
    End Period Cash Flow9,911,255USD6,708,340USD1,714,382USD468,825USD147,300USD
    Other Cashflows From Investing Activities-5,300,000USD————
    Other Cashflows From Financing Activities-506USD—8,149,990USD——
    Unclassified Operating Cash Flow-3,128,380USD————
    Unclassified Financing Cash Flow—-8,159,404USD———
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Net Income-3,418,578USD-5,561,705USD-7,723,257USD-17,101,671USD
    Depreciation882,741USD510,202USD803,790USD571,848USD
    Stock Based Compensation3,387,660USD757,692USD499,631USD573,923USD
    Other Non Cash Items120,845USD1,962,000USD675,000USD—
    Change To Account Receivables-2,408,765USD10,792USD243,862USD-186,951USD
    Change To Inventory654,874USD-667,626USD2,525,732USD-879,527USD
    Change In Working Capital-1,418,506USD883,614USD4,026,840USD-2,465,821USD
    Total Cash From Operating Activities-445,838USD-1,391,779USD-1,580,247USD-5,367,650USD
    Capital Expenditures0USD-14,121USD0USD-8,772USD
    Free Cash Flow-445,838USD-1,405,900USD-1,580,247USD-5,376,422USD
    Investments-22,808,208USD0USD——
    Total Cashflows From Investing Activities-22,808,208USD———
    Net Borrowings5,093,895USD360,000USD0USD—
    Total Cash From Financing Activities29,752,352USD1,175,578USD0USD0USD
    Dividends Paid0USD0USD——
    Issuance Of Capital Stock24,667,871USD750,000USD0USD0USD
    Change In Cash6,546,438USD-207,235USD-1,005,030USD-4,901,939USD
    Begin Period Cash Flow161,902USD369,137USD1,374,167USD6,276,106USD
    End Period Cash Flow6,708,340USD161,902USD369,137USD1,374,167USD
    Other Cashflows From Financing Activities-9,414USD———
    Unclassified Operating Cash Flow———13,054,071USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q1 2026Quarterly · 2026-03-31GeographyNorth America1,780,202USD0001493152-26-023861
    Q1 2026Quarterly · 2026-03-31GeographyOther Countries1,519USD0001493152-26-023861
    FY 2025Yearly · 2025-12-31GeographyHK7,919,662USD0001493152-26-016828
    FY 2025Yearly · 2025-12-31GeographyNorth America8,717,307USD0001493152-26-016828
    FY 2025Yearly · 2025-12-31GeographyOther Countries85,734USD0001493152-26-016828
    Q3 2025Quarterly · 2025-09-30GeographyHK7,919,662USD0001493152-25-023548
    Q3 2025Quarterly · 2025-09-30GeographyNorth America1,823,963USD0001493152-25-023548
    Q3 2025Quarterly · 2025-09-30GeographyOther Countries17,466USD0001493152-25-023548
    Q1 2025Quarterly · 2025-03-31GeographyNorth America2,617,847USD0001493152-26-023861
    Q1 2025Quarterly · 2025-03-31GeographyOther Countries17,871USD0001493152-26-023861
    Q4 2024Quarterly · 2024-12-31GeographyNorth America1,927,279USDLegacy provider
    Q4 2024Quarterly · 2024-12-31GeographyOther Countries78,963USDLegacy provider
    FY 2024Yearly · 2024-12-31GeographyNorth America9,435,936USD0001493152-26-016828
    FY 2024Yearly · 2024-12-31GeographyOther Countries251,039USD0001493152-26-016828
    Q3 2024Quarterly · 2024-09-30GeographyNorth America2,551,599USD0001493152-25-023548
    Q3 2024Quarterly · 2024-09-30GeographyOther Countries64,208USD0001493152-25-023548
    Q2 2024Quarterly · 2024-06-30GeographyNorth America2,631,328USD0001641172-25-024041
    Q2 2024Quarterly · 2024-06-30GeographyOther Countries57,205USD0001641172-25-024041
    Q1 2024Quarterly · 2024-03-31GeographyNorth America2,325,730USD0001641172-25-010938
    Q1 2024Quarterly · 2024-03-31GeographyOther Countries50,663USD0001641172-25-010938
    FY 2023Yearly · 2023-12-31GeographyAsia1,985,130USD0001641172-25-001773
    FY 2023Yearly · 2023-12-31GeographyNorth America8,772,170USD0001641172-25-001773
    FY 2023Yearly · 2023-12-31GeographyOther Countries330,159USD0001641172-25-001773
    Q3 2023Quarterly · 2023-09-30GeographyAsia11,026USD0001493152-24-045787
    Q3 2023Quarterly · 2023-09-30GeographyNorth America2,430,230USD0001493152-24-045787
    Q3 2023Quarterly · 2023-09-30GeographyOther Countries34,878USD0001493152-24-045787
    FY 2022Yearly · 2022-12-31GeographyAsia60,479USD0001493152-24-014501
    FY 2022Yearly · 2022-12-31GeographyNorth America12,009,384USD0001493152-24-014501
    FY 2022Yearly · 2022-12-31GeographyOther Countries675,008USD0001493152-24-014501
    FY 2021Yearly · 2021-12-31GeographyNorth America12,289,361USD0001493152-23-012578
    FY 2021Yearly · 2021-12-31GeographyOther Countries266,858USD0001493152-23-012578
    FY 2020Yearly · 2020-12-31GeographyAsia468,248USD0001185185-21-000407
    FY 2020Yearly · 2020-12-31GeographyCN0USD0001185185-21-000407
    FY 2020Yearly · 2020-12-31GeographyNorth America10,847,738USD0001185185-21-000407
    FY 2020Yearly · 2020-12-31GeographyOther Countries34,244USD0001185185-21-000407
    FY 2019Yearly · 2019-12-31GeographyAsia0USD0001185185-20-000605
    FY 2019Yearly · 2019-12-31GeographyAU0USD0001185185-20-000605
    FY 2019Yearly · 2019-12-31GeographyCN11,792,589USD0001185185-20-000605
    FY 2019Yearly · 2019-12-31GeographyHK0USD0001185185-20-000605
    FY 2019Yearly · 2019-12-31GeographyNorth America10,172,970USD0001185185-20-000605
    FY 2019Yearly · 2019-12-31GeographyOther Countries17,720USD0001185185-20-000605
    FY 2018Yearly · 2018-12-31GeographyAsia11,817,196USD0001185185-20-000605
    FY 2018Yearly · 2018-12-31GeographyAU11,060,421USD0001185185-20-000605
    FY 2018Yearly · 2018-12-31GeographyCN11,331,108USD0001185185-20-000605
    FY 2018Yearly · 2018-12-31GeographyHK0USD0001185185-20-000605
    FY 2018Yearly · 2018-12-31GeographyNorth America46,959,295USD0001185185-20-000605
    FY 2018Yearly · 2018-12-31GeographyOther Countries9,990USD0001185185-20-000605

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.