Filing Flows › XMax (XMAX) › Q2 2026
XMax (XMAX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
XMax (XMAX) reported revenue of $2.7M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +54% from the quarter before. Operating margin was -44.5%.
XMax, Q2 2026: revenue $2.7M (+7% year over year), operating margin -44.5%, net earnings $32.4M, operating cash flow −$3.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7M | +54% | +7% |
| Operating profit | −$1.2M | — | — |
| Net earnings | $32.4M | 169× | — |
| Operating cash flow | −$3.6M | — | -4043% |
What changed
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.
Questions
What was XMax's revenue in the second quarter 2026?
XMax (XMAX) reported revenue of $2.7M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +54% from the quarter before.
Was XMax profitable in the second quarter 2026?
Operating loss was $1.2M (-44.5% of revenue) and net earnings $32.4M.
Source: XMax 10-Q on SEC EDGAR.