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XMAX
(NASDAQ:XMAX)
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Rating:52Neutral
Price Target:
$8.50
â–¼(-3.30% Downside)
Action:Reiterated
Date:09/06/26
Overall score reflects a strengthened, low-leverage balance sheet and strong revenue rebound offset by ongoing operating losses and persistent negative free cash flow (the biggest constraint). Technical momentum is currently soft, while valuation is only moderate for the underlying cash-flow profile. Recent financing and governance-related events modestly support the outlook by improving liquidity and stability.
Positive Factors
Conservative balance sheet
Very low leverage gives XMAX meaningful financial flexibility and resilience as it funds operations or pursues strategic initiatives. The sizable equity base relative to debt reduces balance-sheet strain and leaves greater capacity to manage volatility over the next several quarters.
Negative Factors
Persistent negative free cash flow
Sustained operating and free-cash-flow deficits show that reported earnings are not currently converting into internally generated cash. Continued burn can increase funding needs, limit strategic flexibility, and raise execution risk until the underlying business produces consistently positive cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage gives XMAX meaningful financial flexibility and resilience as it funds operations or pursues strategic initiatives. The sizable equity base relative to debt reduces balance-sheet strain and leaves greater capacity to manage volatility over the next several quarters.
Read all positive factors
XMAX (XMAX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$551.68M
Dividend YieldN/A
Average Volume (3M)543.78K
Price to Earnings (P/E)19.8
Beta (1Y)0.53
Revenue Growth63.53%
EPS GrowthN/A
CountryUS
Employees22
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.43
Shares Outstanding64,523,420
10 Day Avg. Volume535,163
30 Day Avg. Volume543,776
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)5.43
Price to Sales (P/S)9.08
P/FCF Ratio-340.54
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
XMAX Business Overview & Revenue Model
Company Description
XMAX, Inc. focuses on the creation, manufacturing, and promotion of contemporary household furniture. The company offers a wide array of products, including collections for living rooms, urban-style dining spaces, bedrooms, and their unique 'nova ...
XMAX Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
78
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.05M | 16.72M | 9.69M | 11.09M | 12.74M | 12.56M |
| Gross Profit | 3.67M | 4.18M | 4.25M | 4.17M | -7.78M | 5.52M |
| EBITDA | -4.37M | -3.04M | -5.02M | -6.18M | -15.65M | -3.01M |
| Net Income | 29.83M | -3.42M | -5.56M | -7.72M | -17.10M | -19.96M |
Balance Sheet | ||||||
| Total Assets | 121.08M | 35.55M | 9.92M | 6.24M | 11.53M | 29.53M |
| Cash, Cash Equivalents and Short-Term Investments | 34.63M | 6.71M | 161.90K | 369.14K | 1.37M | 6.28M |
| Total Debt | 5.47M | 6.21M | 2.12M | 2.11M | 2.86M | 3.46M |
| Total Liabilities | 14.78M | 7.59M | 6.79M | 5.74M | 4.92M | 6.09M |
| Stockholders Equity | 106.30M | 27.96M | 3.12M | 496.35K | 6.61M | 23.44M |
Cash Flow | ||||||
| Free Cash Flow | -4.51M | -445.84K | -1.41M | -1.58M | -5.38M | -4.89M |
| Operating Cash Flow | -4.51M | -445.84K | -1.39M | -1.58M | -5.37M | -4.78M |
| Investing Cash Flow | -35.91M | -22.81M | -14.12K | 18.64K | -8.77K | -154.82K |
| Financing Cash Flow | 74.57M | 29.75M | 1.18M | 0.00 | 0.00 | 2.76M |
XMAX Technical Analysis
Neutral
8.79
Price Trends
8.77
Negative
8.51
Positive
7.38
Positive
Market Momentum
-0.07
Positive
42.01
Neutral
16.71
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XMAX, the sentiment is Neutral. The current price of 8.79 is below the 20-day moving average (MA) of 8.81, above the 50-day MA of 8.77, and above the 200-day MA of 7.38, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 42.01 is Neutral, neither overbought nor oversold. The STOCH value of 16.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for XMAX.
XMAX Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
XMAX Corporate Events
Private Placements and FinancingRegulatory Filings and ComplianceShareholder Meetings
XMAX Raises Capital Through Overseas Private Share Placement
Positive
Sep 3, 2026
On August 28, 2026, XMax Inc. entered into Securities Purchase Agreements with certain non-U.S. investors for a private placement of 352,200 shares of its common stock at $8.417 per share, raising approximately $2.96 million. The transaction was c...
Business Operations and StrategyExecutive/Board Changes
XMAX Extends CFO Employment Agreement for Continued Stability
Positive
Aug 25, 2026
On August 22, 2026, XMAX Inc. renewed the employment agreement with Chief Financial Officer Jeffery Chuang, extending his tenure for another one-year term, subject to further renewal by the company. Under the agreement, Chuang will receive an annu...
Business Operations and StrategyPrivate Placements and Financing
XMax expands strategic stakes in Aerora Technology holdings
Positive
Aug 12, 2026
On August 10, 2026, Preamble X Capital I, funded in part by Xmax Beta Holdings Ltd., completed a US$8,400,000 subscription for roughly 5% of a private investment fund whose manager plans to invest substantially all assets in common or preferred sh...
Private Placements and FinancingShareholder Meetings
XMax Shareholders Approve Major Discounted Stock Offerings
Neutral
Jul 28, 2026
On July 24, 2026, XMax Inc. held a special stockholder meeting at which shareholders approved the sale and issuance of more than 20% of the company’s outstanding common stock in a private placement at a price below Nasdaq’s defined min...
Business Operations and StrategyPrivate Placements and Financing
XMax Expands Fund Stake to Boost Figure AI Exposure
Positive
Jul 23, 2026
On July 17, 2026, Xmax Beta Holdings Ltd. entered into a Subscription Agreement to invest an additional US$8.32 million in Preamble X Capital I, raising its stake in the Delaware fund series to more than 99.9%, with a management fee set at 0%, and...
Business Operations and StrategyPrivate Placements and Financing
XMax boosts control and exposure to Preamble X fund
Positive
Jul 10, 2026
On July 6 and July 7, 2026, Xmax Beta Holdings Ltd. entered into and then completed a Subscription Agreement with Preamble X Capital I, committing an additional US$8,770,000 to the Delaware investment vehicle. The transaction raised Xmax Beta Hold...
Business Operations and StrategyPrivate Placements and Financing
XMax Raises International Capital Through Private Equity Placement
Positive
Jul 7, 2026
On July 1, 2026, XMax Inc. entered into securities purchase agreements with certain non‑U.S. investors for a private placement of 434,600 shares of common stock at $8.454 per share, raising gross proceeds of $3,674,108.40. The transaction wa...
Business Operations and StrategyExecutive/Board Changes
XMax Strengthens Executive Leadership with Updated Compensation
Neutral
Jul 6, 2026
On July 1, 2026, XMax Inc.’s compensation committee and board of directors approved increases to the annual base salaries and amendments to the employment agreements of its chief executive officer, chief operating officer, and chief financia...
Executive/Board ChangesShareholder Meetings
XMAX Shareholders Approve Directors, Auditor and Annual Say-on-Pay
Positive
Jun 9, 2026
On June 5, 2026, XMax Inc. held its 2026 annual meeting of shareholders, where six directors, including Umesh Patel and five other nominees, were elected to serve until the 2027 annual meeting, with all receiving strong support from voting shareho...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.