Filing Flows › Consumer Discretionary › XMax (XMAX)
XMax (XMAX) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · XMax (XMAX) Q2 2026 earnings results →
Q2 2026 Revenue up 7% year over year to $2.7M · operating margin -44.5%
XMax made $2.7M in Q2 2026 (+7% Y/Y): Residentialand Commercial Furniture $1.6M, API based Services $1.1M. Operating margin -44.5%, net earnings $32.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $2.7M in Q2 2026, up 7% year over year and up 54% from the previous quarter. Residentialand Commercial Furniture was the largest line at 60% of revenue. Residentialand Commercial Furniture declined 36%.
Gross margin was 39.8%, down 10.4 points from Q2 2025. Operating costs exceeded revenue by $1.2M, an operating margin of -44.5%. Operating expenses grew 56% against revenue growth of 7%. The fastest-growing cost line was General & admin (+72%). Net earnings were $32.4M. The effective tax rate was 19.4%. Non-operating items added $41.5M, 103% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.6M. Non-cash charges added back $2K of depreciation and amortization. Working capital and other items used $36.1M. Capital expenditures of $4.7M exceeded it, leaving free cash flow of −$8.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $2.7M | +7% | -44.5% | $32.4M | −$3.6M |
| Q1 2026 | 10-Q | May 15, 2026 | $1.8M | -32% | -30.0% | $192K | −$642K |
| Q4 2025 | 10-K | Apr 15, 2026 | $1.8M | -12% | -59.3% | −$1.7M | $1.7M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $9.8M | +273% | -5.0% | −$1.1M | −$1.9M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $2.6M | -5% | -7.7% | −$290K | $93K |
| Q1 2025 | 10-Q | May 15, 2025 | $2.6M | +11% | -7.3% | −$339K | −$323K |
| Q4 2024 | 10-K | Mar 31, 2025 | $2.0M | -12% | -48.4% | −$1.1M | −$263K |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About XMax
XMax Inc. (the “Company”), formerly known as Nova LifeStyle, Inc. and Stevens Resources, Inc, is a U.S.-headquartered innovative designer and distributor of contemporary styled residential and commercial furniture incorporated into a dynamic marketing and sales platform offering retail as well as online selection and global purchase fulfillment. We were incorporated in the State of Nevada on September 9, 2009. The Company’s products are marketed through wholesale and retail channels as well as various online platforms worldwide. Our business strength lies in our abilities to quickly adapt to changing market demand and stay ahead of the latest trends in modern furniture designs.
In its own words, from its 10-K, filed Apr 15, 2026.
XMax against its Household Furniture peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median -3%. Operating margin: -44.5% against the peers' median 5.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| XMAX XMax | Q2 2026 | $2.7M | +7% | -44.5% |
| SGI Somnigroup International | Q2 2026 | $1.8B | -3% | 11.1% |
| Leggett & Platt | Q2 2026 | $1.0B | -6% | 6.8% |
| LZB La-Z-Boy | Q1 FY27 | $476M | -3% | -0.4% |
| CODI Compass Diversified | Q3 2026 | $423M | -10% | 7.5% |
| FLXS Flexsteel Industries | Q1 FY27 | $114M | +3% | 6.0% |
| PRPL Purple Innovation | Q3 2026 | $96.5M | -19% | -10.1% |
| HOFT Hooker Furnishings | Q2 FY27 | $63.2M | -9% | 2.0% |
| LUVU Luvu Brands | Q4 FY26 | $8.1M | +14% | 5.9% |
Source: XMax 10-Q on SEC EDGAR · CIK 1473334 · Household Furniture
13F: who owns XMAX and who is buying
More on XMAX
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results