XMAX, Inc.

XMAX

$8.78

-0.11%

2026-09-02 16:00:01 EDT-$0.01

Consumer Cyclical

Furnishings, Fixtures & Appliances

NASDAQ

Active Trading

XMAX, Inc. focuses on the creation, manufacturing, and promotion of contemporary household furniture. The company offers a wide array of products, including ...

Price Action of XMAX

$8.78

-0.11%-$0.01

High—

Low—

52W High-6.6%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

XMAX, Inc., formerly known as Nova LifeStyle, Inc., is a public company listed on NASDAQ under the ticker XMAX. Headquartered in Commerce, California, the company was founded in 1992 by Ya Ming Wong and Yuen Ching Ho. XMAX focuses on the creation, manufacturing, and promotion of contemporary household furniture, offering ...XMAX, Inc., formerly known as Nova LifeStyle, Inc., is a public company listed on NASDAQ under the ticker XMAX. Headquartered in Commerce, California, the company was founded in 1992 by Ya Ming Wong and Yuen Ching Ho. XMAX focuses on the creation, manufacturing, and promotion of contemporary household furniture, offering a wide array of products including living room collections, urban-style dining spaces, bedrooms, and their unique 'nova qwik' series. These are sold under several brand names, notably Nova LifeStyle, Diamond Sofa, and Nova Living. The company serves middle and upper-middle income consumers in North America and internationally, operating through wholesale, retail, and e-commerce channels. With only 22 full-time employees, XMAX operates as a lean organization, yet it maintains a significant market presence with a market cap of over $578 million as of the latest data. The company has recently diversified into technology, launching an AI inference platform to support scalable AI application development and multi-model integration, marking a strategic pivot from its traditional furniture business. Financially, XMAX has experienced challenges, with negative profitability metrics (net profit margin -18.2%), but it maintains a strong liquidity position with a current ratio of 12.96 and low debt levels. The leadership, under CEO Xiaohua Lu, is focused on commercialization of AI initiatives, which may drive future growth. The company's stock trades around $9.09, with a 52-week range of $7.77-$9.31, and it has seen recent investment announcements, such as a $5.6 million fund investment. Overall, XMAX represents a traditional furniture company transforming into a technology-enabled entity, balancing its historical business with new high-tech ventures.ExpandCollapse

Founded

1992

Employees

CEO

Xiaohua Lu

Full Name

XMAX, Inc.

Sector

Consumer Cyclical

Industry

Furnishings, Fixtures & Appliances

ROE

63.40%

Market Cap

$0.56B

Current Ratio

28.80

WACC

10.15%

ROIC

-9.16%

Contact Information

https://www.xmax.com

323 888 9999

6565 East Washington Boulevard, Commerce, CA 90040

Key Metrics of XMAX

Snapshot

Latest / TTM · 2 periods

Market Cap

$558.43M

ROCE

-2.8%

EV / EBITDA

-119.63x

+3.1% YoY

FCF Yield

-0.8%

-0.5% YoY

Cash Conversion Cycle

118.1d

Current Ratio

28.80

Quick take

TTM —

Positive CCC

Financial Highlights of XMAX

Profitability trend

Latest / TTM · 2 periods

Gross Margin

22.9%

Net Margin

185.9%

P/E Ratio

20.06x

n/a

Debt / Equity

0.05

n/a

Current Ratio

28.80

Dividend Yield

0.0%

Understanding

TTM —

Interest coverage is weak

Calendar of XMAX

Recent history

Aug 14, 2026
Q2 FY2026 · Results reported
EPS $0.53 · Revenue $2.74M
View filing
May 18, 2026
IPO
May 15, 2026
Q1 FY2026 · Results reported
EPS $0.00 · Revenue $1.78M
View filing
Apr 15, 2026
FY2025 · Annual results
EPS $-0.17 · Revenue $16.72M
View filing
Sep 30, 2025
Q3 FY2025 · Results reported
EPS $-0.06 · Revenue $9.76M
Jun 30, 2025
Q2 FY2025 · Results reported
EPS $-0.02 · Revenue $2.56M

Financial Statements of XMAX

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$16.7M	—	+53.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-3.4M	—	+16832.6%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+25.0%	—	-19.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-11.5%	—	-48.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-20.4%	—	+10923.9%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-445838	—	-468.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-2.7%	—	-270.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	22.2%	—	-66.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	4.92x	—	+122.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$35.5M	—	+156.8%

Actual vs Estimate

A —Q —

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	—	—	—	—
Revenue Surprise	—	—	—	—

Leadership Team of XMAX

4 executives

Name	Title	Compensation	Gender	Year Born	Status
Yizhou Zhao	COO, Corporate Secretary & Director	USD 160,559	Male	1998	Active
Xiaohua Lu	CEO & Director	USD 77,120	Male	1979	Active
Jeffery Chuang	Chief Financial Officer	USD 70,000	Male	1970	Active
Mark Chapman	Vice President of Marketing	—	Male	1969	Active

Recent News of XMAX

GlobeNewsWire8/14/2026Neutral

XMax Inc. Announces Second Quarter 2026 Financial Results

Company Reports Net Income of $32.4 million and Cash Position of $34.6 Million Company Reports Net Income of $32.4 million and Cash Position of $34.6 Million

GlobeNewsWire6/26/2026Neutral

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

LOS ANGELES, June 26, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (Nasdaq: XMAX) ("XMax" or the "Company") today announced a significant commercial milestone in its artificial intelligence business, reporting that since launching its AI platform initiative, the Company has executed multiple AI model API service agreements with an aggregate contractual value of up to approximately US$25 million, subject to actual service usage and consumption levels.

Historical Employee Count of XMAX

Current

Change

-18.52%

Minimum

Maximum

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	22	10-K	Apr 15, 2026	View
Dec 31, 2024	27	10-K	Mar 31, 2025	View
Dec 31, 2023	27	10-K	Apr 15, 2024	View
Dec 31, 2022	28	10-K	Apr 17, 2023	View
Dec 31, 2021	29	10-K	Apr 8, 2022	View

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