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XMAX, Inc. (XMAX)

Nasdaq: XMAX · Household Furniture · Commerce, CA · filing with the SEC since 2009
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Grade3.9
◀ Past 2.8● Present 2.9▶ Future 6.4
2 est.
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The grade of XMAX, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.9/10
◀ Past2.830% of the headline
● Present2.940% of the headline
▶ Future6.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.8/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
2.8/10

Has it survived what it has been through?

15 warning events since 2017; the latest 2026-09-15.

weight 33% of this tense · 28th percentile among 9 sector filers · read for itself

From the record

XMAX, Inc.'s filings since 2017 show 15 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 5 times, the latest 2026-09-15); an auditor change (8-K item 4.01, 2 times, the latest 2024-09-26); a late-report notice (Form NT 10-K or NT 10-Q, 8 times, the latest 2026-03-31) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.9/10

What has it actually done, year after year?

+7.4% a year over 5 filed years; profitable in 0 of 5.

weight 45% of this tense · 39th percentile among 9 sector filers · read for its customers

From the record

XMAX, Inc.'s 5 filed years say what it did: revenue went from $13 million in fiscal 2021 to $17 million in fiscal 2025, up 7.4% a year; it rose in 2 of 4 years; the deepest fall was 24% from fiscal 2022 to fiscal 2024; net income was positive in 0 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span7.4%top 39% of its family
  • the share of years revenue rosebottom 39% of its family
  • the share of filed years with a profitbottom 6% of its family
  • the deepest fall from a revenue peak24.0%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.6/10

How has it treated the people who own it?

SI estimate 0.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 6th percentile among 9 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 6% of 9 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 9 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: XMAX, Inc.'s shareholder treatment is put at 0.6 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 6% of 9 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.9/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.7/10

Is it financially healthy right now?

ROE -12%: lost 12¢ per shareholder dollar. Leverage 21%: owes 21¢ per asset dollar.

weight 45% of this tense · 37th percentile among 9 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, XMAX, Inc. lost about 12 cents for every dollar of shareholders' money, and gross profitability: its products earned about 12 cents per dollar of everything the company owns. Leverage: it owed about 21 cents per dollar of assets, and net share issuance: its share count grew 449.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 6% of its family
  • return on equitybottom 44% of its family
  • gross profit against assetsbottom 6% of its family
  • the share count against the year beforebottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.2/10

How strong is its position in its industry?

bottom 32% of 9 in its family; net margin -20.4%.

weight 33% of this tense · 32nd percentile among 9 sector filers · read for its customers

From the record

XMAX, Inc.'s standing among 9 graded names in its industry family: revenue of $17 million in fiscal 2025 ranks in the bottom 6% by size; a net margin of -20.4% ranks in the bottom 6%; revenue growth of 9.5% a year over the last 3 filed years ranks in the top 17% (its annual reports).

What it rests on

  • revenue against the family$16.7Mbottom 6% of its family
  • net margin-20.4%bottom 6% of its family
  • three-year revenue growth9.5%top 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
0.7/10

What are the people in charge doing?

SI estimate 0.7/10, confidence 35 of 100 (one part).

weight 22% of this tense · 7th percentile among 7 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the chief executive's years under the title, which ranks in the bottom 7% of 7 in its family; fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title.
What the record cannot read
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title.
How it was reasoned
one part: the chief executive's years on the record, the one part on file, ranked among 7 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: XMAX, Inc.'s leadership is put at 0.7 of 10 with a confidence of 35 of 100, because read from one part only, the chief executive's years under the title, which ranks in the bottom 7% of 7 in its family; fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.0/10

How much room does it have to grow?

top 50% of 9 in its family for room to expand.

weight 45% of this tense · 50th percentile among 9 sector filers · read for itself

From the record

XMAX, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $7 million against no long-term debt tagged leaves 18.9% of its assets as net cash, top 6% of its family; cash from operations less capital spending is -2.7% of revenue (bottom 28%); a gross margin of 25% (bottom 28%) (its annual report).

What it rests on

  • cash less debt against assets18.9%top 6% of its family
  • cash from operations less capital spending against revenue-2.7%bottom 28% of its family
  • gross margin25.0%bottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.6/10

What could actually drive growth from here?

top 34% of 9 in its family for growth drivers.

weight 33% of this tense · 66th percentile among 9 sector filers · read for its customers

From the record

XMAX, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 9.5% a year over the last three filed years against 7.4% over all 5, speeding up (top 28% of its family); the newest year grew 72.7% (top 6%); research spending grew 162.6% a year (top 7%); capital spending grew -55.7% a year (bottom 6%) (its annual reports). XMAX, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+2.0 points a yeartop 28% of its family
  • the newest year's revenue growth72.7%top 6% of its family
  • three-year growth of research spending162.6%top 7% of its family
  • three-year growth of capital spending-55.7%bottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.7/10

Did its newest year beat what its own record pointed to?

top 13% of 9 in its family for expectations against reality.

weight 22% of this tense · 87th percentile among 9 sector filers · read for its shareholders

From the record

XMAX, Inc.'s newest year against its own record: revenue of $17 million in fiscal 2025 came in 98% above the $8 million its prior three years' pace pointed to (top 6% of its family); net income of $3 million against a prior three-year average of $10 million (top 28%); a net margin of -20.4% against -87.1% before (top 6%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace98.0%top 6% of its family
  • net income against the prior three years' average+66%top 28% of its family
  • net margin against its prior average+66.6 pointstop 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton XMAX · research, not advice