XWIN
XMax Inc.
NASDAQ: XWIN · CONSUMER CYCLICAL · FURNISHINGS, FIXTURES & APPLIANCES
$8.07
+0.37% today
Updated 2026-04-30
Market cap
$346.49M
P/E ratio
—
P/S ratio
20.72x
EPS (TTM)
$-0.17
Dividend yield
—
52W range
$1 – $8
Volume
1.0M
XMax Inc. (XWIN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $11.35M | $12.56M | $12.74M | $11.09M | $9.69M | $16.72M |
| Revenue growth (YoY) | — | +10.6% | +1.5% | -13.0% | -12.6% | +72.6% |
| Cost of revenue | $31.24M | $7.03M | $20.53M | $6.91M | $5.44M | $12.54M |
| Gross profit | $-19.89M | $5.52M | $-7.78M | $4.17M | $4.25M | $4.18M |
| Gross margin | -175.3% | 44.0% | -61.1% | 37.6% | 43.9% | 25.0% |
| R&D | $33746.00 | — | $10917.00 | $3.12M | $2.00M | $0.00 |
| SG&A | $4.66M | $5.65M | $5.54M | $5.06M | $6.06M | $4.74M |
| Operating income | $-26.30M | $-3.86M | $-16.22M | $-6.42M | $-5.36M | $-1.93M |
| Operating margin | -231.8% | -30.7% | -127.3% | -57.9% | -55.4% | -11.5% |
| EBITDA | $-26.24M | $-3.01M | $-15.65M | $-6.18M | $-5.02M | $-3.04M |
| EBITDA margin | -231.2% | -24.0% | -122.8% | -55.7% | -51.8% | -18.2% |
| EBIT | $-26.30M | $-3.86M | $-16.22M | $-6.98M | $-5.53M | $-3.92M |
| Interest expense | $170184.00 | — | — | $9495.00 | $31244.00 | $77135.00 |
| Income tax | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-26.08M | $-19.96M | $-17.10M | $-7.72M | $-5.56M | $-3.42M |
| Net income growth (YoY) | — | +23.5% | +14.3% | +54.8% | +28.0% | +38.5% |
| Profit margin | -229.8% | -159.0% | -134.2% | -69.7% | -57.4% | -20.4% |