XMAX, Inc.

XMAX, Inc.

XMAX
XMAX, Inc.US flagNASDAQ Global Market
8.90
USD
-0.05
- -
565.74MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
103.78
121.08
98.51
91.07
96.19
71.47
19.4
9.89
10.3
9.2
7.12
2.57
0.81
0.62
Basic EPS, GAAP
6.45
10.49
2.41
-1.1
3.4
4.67
-7.59
-22.71
-16.37
-12.34
-4.96
-1.48
-0.17
-0.11
Free Cash Flow per Basic Share
-0.61
-11.44
-4.69
-6.33
-1.21
-6.08
13.11
-2.13
-4.01
-3.88
-1.02
-0.37
-0.02
-0.03
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
50.41
61.95
61.84
57.91
60.7
65.55
59.3
35.47
17.15
4.64
0.26
0.43
0.67
0.75
Tangible Book Value per Share
39.99
53.92
55.17
52.51
56.78
65.36
59.1
35.28
16.97
4.48
0.14
0.4
0.67
0.75
Basic Weighted Avg Shares
1
1
1
1
1
1
1
1
1
1
2
4
21
26
Sales/Revenue/Turnover
78
99
90
93
106
81
22
11
13
13
11
10
17
16
Operating Margin (%)
7.78
6.17
5.15
-0.83
6.39
5.95
-26.37
-231.76
-30.75
-127.29
-57.89
-55.37
-11.53
-14.31
Depreciation Expense
1
2
1
1
2
- -
1
1
1
1
1
1
1
1
Net Income, GAAP
5
9
2
-1
4
5
-9
-26
-20
-17
-8
-6
-3
-3
Effective Tax Rate (%)
10.96
10.29
4.53
- -
42.3
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
6.21
8.67
2.45
-1.21
3.54
6.53
-39.12
-229.76
-158.98
-134.18
-69.66
-57.41
-20.44
-18.2
Working Capital
29
35
49
58
72
74
67
41
24
7
- -
2
9
18
LT Debt
7
- -
6
- -
4
- -
2
2
3
2
1
1
5
5
Total Equity
39
52
60
63
68
75
66
41
23
7
- -
3
28
40
Return on Invested Capital (%)
13.11
10.42
7.01
- -
5.58
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
12.35
16.48
3.88
- -
5.23
- -
- -
- -
- -
- -
- -
- -
- -
-10.51
Return on Common Equity (%)
14.09
18.9
3.94
-1.81
5.72
7.39
-12.2
-48.76
-62.02
-113.8
-217.31
-307.29
-22
-12.26

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
1
1
LT Borrowings
- -
5
5
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
34
42
54
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
12
12
20
Cash, Cash Equivalents & STI
2
7
10
Accounts Receivable, Net
8
2
2
Inventories
2
2
2
Total Current Liabilities
4
2
2
Payables & Accruals
3
1
1
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
109.06%
223.48%
795.13%
Free Cash Flow
-8.4%
-7.91%
-68.29%
Net Income, GAAP
-76.49%
-31.83%
-38.53%
Sales/Revenue/Turnover
-6.8%
11.83%
72.63%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2
3
3
2
10
2025
3
3
10
2
17
2026
2
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.65
-0.22
-0.72
- -
-1.48
2025
-0.03
-0.02
-0.06
- -
-0.17
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Xiaohua Lu
Full Time Employees
22
Sector
Consumer Cyclical
Industry
Furnishings, Fixtures & Appliances
Address
6565 East Washington Boulevard Commerce CA United States of America 90040
IPO Date
May 18, 2026
Business
XMax Inc. engages in the design, manufacture, and distribution of modern lifestyle furniture for residential and commercial use, with a strategic expansion into artificial intelligence technologies to diversify revenue streams and fuel long-term growth. Headquartered in California, the company operates through a global network of suppliers, distributors, and e-commerce channels, serving middle- and upper-middle-income markets in North America and internationally. Founding year 2003, XMax Inc. formerly Nova LifeStyle, Inc., maintains brand portfolios including Nova LifeStyle, Diamond Sofa, and Nova QwiK, with products spanning sofas, chairs, dining sets, tables, cabinets, storage units, bedroom collections, and related accessories; it also markets physiotherapeutic jade mats for clinics, hospitality, and real estate projects. Core activities include design, development, manufacturing, marketing, and direct-to-consumer as well as wholesale distribution of contemporary furniture through branded and private-label channels. Recent strategic changes include a formal expansion into artificial intelligence initiatives to complement its established furniture business, the rebranding from Nova LifeStyle to XMax Inc. in late 2025, and ongoing optimization of its product mix and geographic reach to strengthen diversification and shareholder value. The company’s operations encompass product development across multiple categories, sourcing and production across the United States, Europe, and Asia, and sales through online platforms, trade shows, and distributor networks, with headquarters and primary executive leadership based in California. This profile reflects XMax Inc.’s dual focus on core furniture offerings and new AI-driven ventures designed to broaden its growth trajectory and market presence.

Company News

APIChatGPT
  • XMax Announces Up to Approximately US$25 million in AI API-Related Service Contracts and Expansion into GPU-as-a-Service