XMax Inc.(XWIN)Earnings, Financials & Key Ratios
XWIN•NASDAQ
$8.10
$31M mkt cap·Price updated May 6, 2026
AboutXMAX, Inc. engages in design, marketing, and manufacture of modern home furniture. The firm offers living room, urban dining, bedroom, and nova qwik products. It sells its products under the brand name Nova and Diamond Sofa. The company was founded by Ya Ming Wong and Yuen Ching Ho in 1992 and is headquartered in Commerce, CA.Show more
- Revenue$10M-12.6%
- EBITDA-$5M+13.6%
- Net Income-$6M+28.0%
- EPS (Diluted)-1.48+70.2%
- Gross Margin43.87%+16.5%
- EBITDA Margin-50.1%+1.1%
- Operating Margin-55.37%+4.4%
- Net Margin-57.41%+17.6%
- ROE-307.29%-41.4%
- ROIC-109.95%-18.0%
- Debt/Equity0.68-84.1%
- Interest Coverage-171.66+74.6%
XWIN Key Insights
XMax Inc. (XWIN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 83 (top 17%)
- ✓Trading near 52-week high
✗Weaknesses
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 100.0% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
XWIN Price & Volume
XMax Inc. (XWIN) stock price & volume — 10-year historical chart
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XWIN Growth Metrics
XMax Inc. (XWIN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-8.28%
TTM70.36%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM69.18%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM93.53%
Return on Capital
10 Years-84.17%
5 Years-84.17%
3 Years-116.99%
Last Year-161.52%
XWIN Recent Earnings
XMax Inc. (XWIN) EPS & revenue vs analyst estimates — last 1 quarters
Q4 2025Latest
Nov 14, 2025EPS
$0.06
Revenue
$10M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Nov 14, 2025 | $0.06 | $10M |
Based on last 1 quarters of dataView full earnings history →
XWIN Peer Comparison
XMax Inc. (XWIN) competitors in Residential Furniture and Bedding — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 LZB | 1.45B | 35.37 | 15.05 | 3.04% | 3.93% | 7.93% | 0.48 | |
 ETD | 521.65M | 20.50 | 10.20 | -4.89% | 6.81% | 8.46% | 0.26 | |
 FLXS | 293.98M | 54.99 | 15.49 | 6.86% | 4.75% | 12.17% | 0.35 | |
 LOVE | 230.39M | 15.78 | 22.87 | -2.8% | 1.87% | 6.53% | 0.85 | |
 HOFT | 134.59M | 12.52 | -10.43 | -8.25% | -3.4% | -6.62% | 0.34 | |
 BSET | 122.84M | 14.20 | 20.29 | 1.62% | 2.35% | 4.69% | 0.54 | |
 SNBR | 68.58M | 3.00 | -0.52 | -99.92% | -9.35% | |||
 PRPL | 56.07M | 0.52 | -1.07 | -3.93% | -7.02% |
Compare XWIN vs Peers
XMax Inc. (XWIN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
XWIN Income Statement
XMax Inc. (XWIN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Sales/Revenue | 11.35M | 12.56M | 12.74M | 11.09M | 9.69M | 16.96M |
| Revenue Growth % | - | 10.63% | 1.5% | -13% | -12.63% | 70.36% |
| Cost of Goods Sold | 31.24M | 7.03M | 20.53M | 6.91M | 5.44M | 12.63M |
| COGS % of Revenue | 275.26% | 56.02% | 161.06% | 62.36% | 56.13% | - |
| Gross Profit | -19.89M▲ 0% | 5.52M▲ 127.8% | -7.78M▼ 240.9% | 4.17M▲ 153.6% | 4.25M▲ 1.8% | 4.33M▲ 0% |
| Gross Margin % | -175.26% | 43.98% | -61.06% | 37.64% | 43.87% | 25.54% |
| Gross Profit Growth % | - | 127.76% | -240.93% | 153.63% | 1.82% | - |
| Operating Expenses | 6.41M | 9.38M | 8.44M | 10.59M | 9.61M | 6.18M |
| OpEx % of Revenue | 56.5% | 74.72% | 66.23% | 95.53% | 99.23% | - |
| Selling, General & Admin | 6.38M | 9.38M | 8.43M | 7.47M | 7.61M | 6.15M |
| SG&A % of Revenue | 56.19% | 74.72% | 66.14% | 67.41% | 78.61% | - |
| Research & Development | 33.75K | 0 | 10.92K | 3.12M | 2M | 27.11K |
| R&D % of Revenue | 0.3% | - | 0.09% | 28.12% | 20.62% | - |
| Other Operating Expenses | 815 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -26.3M▲ 0% | -3.86M▲ 85.3% | -16.22M▼ 320.2% | -6.42M▲ 60.4% | -5.36M▲ 16.4% | -1.85M▲ 0% |
| Operating Margin % | -231.76% | -30.75% | -127.29% | -57.89% | -55.37% | -10.91% |
| Operating Income Growth % | - | 85.32% | -320.21% | 60.43% | 16.44% | - |
| EBITDA | -26.24M | -3.01M | -15.65M | -5.61M | -4.85M | -1.32M |
| EBITDA Margin % | -231.21% | -24% | -122.8% | -50.64% | -50.1% | -7.81% |
| EBITDA Growth % | - | 88.51% | -419.26% | 64.12% | 13.56% | 83% |
| D&A (Non-Cash Add-back) | 61.93K | 846.52K | 571.85K | 803.79K | 510.2K | 581.94K |
| EBIT | -26.3M | -3.86M | -16.22M | -6.98M | -5.53M | -2.49M |
| Net Interest Income | -152.34K | 0 | 0 | -9.49K | -31.24K | -162.05K |
| Interest Income | 17.84K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 170.18K | 0 | 0 | 9.49K | 31.24K | 162.05K |
| Other Income/Expense | -96.18K | -200.68K | -851.17K | -573.62K | -195.74K | -1.04M |
| Pretax Income | -26.4M▲ 0% | -4.06M▲ 84.6% | -17.07M▼ 320.4% | -6.99M▲ 59.0% | -5.56M▲ 20.5% | -2.89M▲ 0% |
| Pretax Margin % | -232.6% | -32.34% | -133.96% | -63.06% | -57.39% | -17.05% |
| Income Tax | -649.16K | 163.89K | 2.4K | 731.09K | 2.61K | -66.49K |
| Effective Tax Rate % | 2.46% | -4.04% | -0.01% | -10.46% | -0.05% | 2.3% |
| Net Income | -26.08M▲ 0% | -19.96M▲ 23.5% | -17.1M▲ 14.3% | -7.72M▲ 54.8% | -5.56M▲ 28.0% | -2.82M▲ 0% |
| Net Margin % | -229.76% | -158.98% | -134.18% | -69.66% | -57.41% | -16.66% |
| Net Income Growth % | - | 23.45% | 14.33% | 54.84% | 27.99% | 69.18% |
| Net Income (Continuing) | -25.75M | -4.23M | -17.08M | -7.72M | -5.56M | -2.82M |
| Discontinued Operations | -326.53K | -15.74M | -25.75K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -22.43▲ 0% | -16.35▲ 27.1% | -12.34▲ 24.5% | -4.96▲ 59.8% | -1.48▲ 70.2% | -0.16▲ 0% |
| EPS Growth % | - | 27.11% | 24.53% | 59.81% | 70.16% | 93.53% |
| EPS (Basic) | -22.43 | -16.35 | -12.34 | -4.96 | -1.48 | - |
| Diluted Shares Outstanding | 1.15M | 1.22M | 1.39M | 1.56M | 3.77M | 18.06M |
| Basic Shares Outstanding | 1.16M | 1.22M | 1.39M | 1.56M | 3.77M | 18.06M |
| Dividend Payout Ratio | - | - | - | - | - | - |
XWIN Balance Sheet
XMax Inc. (XWIN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Total Current Assets | 43.29M | 25.57M | 8.2M | 3.75M | 7.93M | 12.27M |
| Cash & Short-Term Investments | 8.74M | 6.28M | 1.37M | 369.14K | 161.9K | 1.71M |
| Cash Only | 8.74M | 6.28M | 1.37M | 369.14K | 161.9K | 1.71M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.14M | 402.41K | 367.65K | 88.26K | 53.79K | 7.94M |
| Days Sales Outstanding | 36.54 | 11.7 | 10.53 | 2.91 | 2.03 | 43.97 |
| Inventory | 33.2M | 2.63M | 4.93M | 2.21M | 2.82M | 2.25M |
| Days Inventory Outstanding | 387.83 | 136.28 | 87.71 | 116.85 | 189.59 | 63.32 |
| Other Current Assets | 0 | 15.15M | 0 | 0 | 0 | 214.79K |
| Total Non-Current Assets | 3.18M | 3.96M | 3.33M | 2.49M | 1.99M | 6.02M |
| Property, Plant & Equipment | 2.77M | 3.69M | 3.1M | 2.26M | 1.76M | 963.96K |
| Fixed Asset Turnover | 4.09x | 3.41x | 4.11x | 4.90x | 5.49x | 11.92x |
| Goodwill | 218.61K | 218.61K | 218.61K | 218.61K | 218.61K | 0 |
| Intangible Assets | 0 | 19.21K | 13.84K | 8.47K | 3.11K | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 5M |
| Other Non-Current Assets | 73.8K | 37.66K | 0 | 0 | 0 | 53.1K |
| Total Assets | 46.48M▲ 0% | 29.53M▼ 36.5% | 11.53M▼ 60.9% | 6.24M▼ 45.9% | 9.92M▲ 59.0% | 18.29M▲ 0% |
| Asset Turnover | 0.24x | 0.43x | 1.11x | 1.78x | 0.98x | 1.31x |
| Asset Growth % | - | -36.47% | -60.94% | -45.91% | 58.97% | 513.98% |
| Total Current Liabilities | 2.03M | 1.81M | 1.64M | 3.69M | 5.83M | 4.41M |
| Accounts Payable | 743.78K | 358.36K | 321.26K | 430.05K | 728.55K | 623.6K |
| Days Payables Outstanding | 8.69 | 18.59 | 5.71 | 22.7 | 48.9 | 12.98 |
| Short-Term Debt | 688.08K | 0 | 0 | 0 | 398.57K | 398.49K |
| Deferred Revenue (Current) | 266.24K | 394.38K | 170.14K | 306.53K | 413.58K | 1.09M |
| Other Current Liabilities | 320.44K | 4.29K | 38.35K | 27.55K | 15.1K | 1.73M |
| Current Ratio | 21.38x | 14.09x | 4.99x | 1.02x | 1.36x | 1.36x |
| Quick Ratio | 4.99x | 12.64x | 1.99x | 0.42x | 0.88x | 0.88x |
| Cash Conversion Cycle | 415.67 | 129.38 | 92.53 | 97.05 | 142.71 | 94.32 |
| Total Non-Current Liabilities | 3.52M | 4.27M | 3.28M | 2.05M | 968.57K | 289.11K |
| Long-Term Debt | 150K | 150K | 150K | 147.43K | 197.83K | 204.1K |
| Capital Lease Obligations | 1.75M | 2.58M | 1.97M | 1.26M | 770.74K | 1.83M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.63M | 1.54M | 1.16M | 643.11K | 0 | 0 |
| Total Liabilities | 5.55M | 6.09M | 4.92M | 5.74M | 6.79M | 4.7M |
| Total Debt | 2.58M | 3.46M | 2.86M | 2.11M | 2.12M | 1.41M |
| Net Debt | -6.16M | -2.82M | 1.48M | 1.74M | 1.95M | -302.56K |
| Debt / Equity | 0.06x | 0.15x | 0.43x | 4.25x | 0.68x | 0.68x |
| Debt / EBITDA | - | - | - | - | - | -1.07x |
| Net Debt / EBITDA | - | - | - | - | - | 0.23x |
| Interest Coverage | -154.57x | - | - | -675.99x | -171.66x | -15.39x |
| Total Equity | 40.93M▲ 0% | 23.44M▼ 42.7% | 6.61M▼ 71.8% | 496.35K▼ 92.5% | 3.12M▲ 529.3% | 13.58M▲ 0% |
| Equity Growth % | - | -42.72% | -71.8% | -92.49% | 529.29% | 31575.36% |
| Book Value per Share | 35.65 | 19.23 | 4.77 | 0.32 | 0.83 | 0.75 |
| Total Shareholders' Equity | 40.93M | 23.44M | 6.61M | 496.35K | 3.12M | 13.58M |
| Common Stock | 5.77K | 6.84K | 1.44K | 1.92K | 7.3K | 34.24K |
| Retained Earnings | 351.37K | -19.6M | -36.71M | -44.43M | -49.99M | -51.75M |
| Treasury Stock | -616.19K | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 804.53K | 381.85K | 77.24K | 521.42K | 522.15K | 495.26K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
XWIN Cash Flow Statement
XMax Inc. (XWIN) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | -2.08M | -4.78M | -5.37M | -1.58M | -1.39M | -1.39M |
| Operating CF Margin % | -18.28% | -38.09% | -42.12% | -14.25% | -14.37% | - |
| Operating CF Growth % | - | -130.44% | -12.24% | 70.56% | 11.93% | -169.79% |
| Net Income | -26.08M | -4.23M | -17.08M | -7.72M | -5.56M | -2.82M |
| Depreciation & Amortization | 747.81K | 846.52K | 571.85K | 803.79K | 510.2K | 581.94K |
| Stock-Based Compensation | 157.44K | 130.09K | 573.92K | 499.63K | 757.69K | 170.44K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 23.51M | 101.05K | 13.03M | 812.75K | 2.02M | 392.86K |
| Working Capital Changes | -412.88K | -1.63M | -2.47M | 4.03M | 883.61K | -721.39K |
| Change in Receivables | -125.96K | 415.7K | -186.95K | 281.77K | 34.64K | -7.81M |
| Change in Inventory | 266.94K | -803.01K | -879.53K | 2.53M | -667.63K | 169.99K |
| Change in Payables | 0 | -385.42K | -37.1K | 108.78K | 298.5K | 162.92K |
| Cash from Investing | 672.76K | -154.82K | -8.77K | 18.64K | -14.12K | -5.01M |
| Capital Expenditures | -365.04K | -110.52K | -8.77K | 0 | -14.12K | -14.12K |
| CapEx % of Revenue | 3.22% | 0.88% | 0.07% | - | 0.15% | - |
| Acquisitions | 1.04M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | -44.3K | 0 | 18.64K | 0 | -5M |
| Cash from Financing | 466.1K | 2.76M | 0 | 0 | 1.18M | 8.85M |
| Debt Issued (Net) | 466.1K | 0 | 0 | 0 | 360K | 8.13M |
| Equity Issued (Net) | 0 | 1000K | 0 | 0 | 750K | 650K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 65.58K | 65.58K |
| Net Change in Cash | -140.61K▲ 0% | -2.47M▼ 1655.6% | -4.9M▼ 98.6% | -1.01M▲ 79.5% | -207.24K▲ 79.4% | 1.55M▲ 0% |
| Free Cash Flow | -2.44M▲ 0% | -4.89M▼ 100.5% | -5.38M▼ 9.9% | -1.58M▲ 70.6% | -1.41M▲ 11.0% | -2.41M▲ 0% |
| FCF Margin % | -21.5% | -38.97% | -42.19% | -14.25% | -14.51% | -14.24% |
| FCF Growth % | - | -100.5% | -9.88% | 70.61% | 11.03% | 42.89% |
| FCF per Share | -2.13 | -4.01 | -3.88 | -1.02 | -0.37 | -0.37 |
| FCF Conversion (FCF/Net Income) | 0.08x | 0.24x | 0.31x | 0.20x | 0.25x | 0.85x |
| Interest Paid | 8.11K | 11.81K | 5.7K | 6.18K | 32.48K | 18.74K |
| Taxes Paid | 0 | 59.11K | 248.72K | 90.93K | 5.85K | 500K |
XWIN Key Ratios
XMax Inc. (XWIN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | -62.02% | -113.8% | -217.31% | -307.29% | -20.79% |
| Return on Invested Capital (ROIC) | -10.45% | -84.72% | -93.16% | -109.95% | -109.95% |
| Gross Margin | 43.98% | -61.06% | 37.64% | 43.87% | 25.54% |
| Net Margin | -158.98% | -134.18% | -69.66% | -57.41% | -16.66% |
| Debt / Equity | 0.15x | 0.43x | 4.25x | 0.68x | 0.68x |
| Interest Coverage | - | - | -675.99x | -171.66x | -15.39x |
| FCF Conversion | 0.24x | 0.31x | 0.20x | 0.25x | 0.85x |
| Revenue Growth | 10.63% | 1.5% | -13% | -12.63% | 70.36% |
XWIN Frequently Asked Questions
XMax Inc. (XWIN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
XMax Inc. (XWIN) reported $17.0M in revenue for fiscal year 2024. This represents a 49% increase from $11.4M in 2020.
XMax Inc. (XWIN) saw revenue decline by 12.6% over the past year.
XMax Inc. (XWIN) reported a net loss of $2.8M for fiscal year 2024.
Dividend & Returns
XMax Inc. (XWIN) has a return on equity (ROE) of -307.3%. Negative ROE indicates the company is unprofitable.
XMax Inc. (XWIN) had negative free cash flow of $2.4M in fiscal year 2024, likely due to heavy capital investments.
Explore More XWIN
XMax Inc. (XWIN) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates