Filing Flows › XMax (XMAX) › Q2 2025
XMax (XMAX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
XMax (XMAX) reported revenue of $2.6M for the second quarter 2025 (Q2 2025), -5% from a year earlier and -3% from the quarter before. Operating margin was -7.7%, net loss $290K (11.3% of revenue).
XMax, Q2 2025: revenue $2.6M (-5% year over year), operating margin -7.7%, net loss $290K, operating cash flow $93K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6M | -3% | -5% |
| Operating profit | −$196K | — | — |
| Net earnings | −$290K | — | — |
| Operating cash flow | $93K | — | — |
What changed
Revenue was $2.6M in Q2 2025, down 5% year over year and down 3% from the previous quarter.
Gross margin was 50.2%, up 5.8 points from a year earlier. Operating costs exceeded revenue by $196K, an operating margin of -7.7%. Operating expenses fell 13% while revenue fell 5%. The quarter ended with a net loss of $290K, narrower than the previous quarter's $339K loss.
Operating cash flow was $93K. Non-cash charges added back $16K of depreciation and amortization and $60K of share-based compensation. Working capital and other items added $306K.
Questions
What was XMax's revenue in the second quarter 2025?
XMax (XMAX) reported revenue of $2.6M for the second quarter 2025 (Q2 2025), -5% from a year earlier and -3% from the quarter before.
Was XMax profitable in the second quarter 2025?
Operating loss was $196K (-7.7% of revenue) and net loss $290K.
Source: XMax 10-Q on SEC EDGAR.