XMax Inc. Income Statement
XMAX|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
XMax Inc. reported $10M in revenue and $6M in net loss for FY2025. Revenue has declined at a 7.5% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.03 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.7M | $11.1M | $12.7M | $12.6M | $11.4M | $22.0M | $81.2M | $106.5M | $92.6M | $89.9M | $98.7M | $78.4M | $66.3M | $43.2M | $28.8M |
| Cost of Revenue | $5.4M | $6.9M | $20.5M | $7.0M | $31.2M | $20.7M | $65.8M | $86.1M | $79.1M | $74.7M | $79.3M | $63.0M | $51.6M | $31.0M | $21.2M |
| Gross Profit | $4.2M | $4.2M | -$7.8M | $5.5M | -$19.9M | $1.3M | $15.4M | $20.4M | $13.5M | $15.3M | $19.4M | $15.4M | $14.7M | $12.1M | $7.6M |
| SG&A Expense | $6.1M | $5.1M | $5.5M | $5.7M | $4.7M | $5.5M | $6.6M | $9.5M | $9.0M | $6.0M | $7.8M | $5.9M | $4.8M | $3.3M | $1.2M |
| R&D Expense | $2.0M | - | $10.9K | $110.3K | $33.7K | - | - | - | - | - | $1.2M | $426.7K | $497.9K | $164.7K | - |
| Operating Income | -$5.4M | -$6.4M | -$16.2M | -$3.9M | -$26.3M | -$5.8M | $4.8M | $6.8M | -$766.1K | $4.6M | $5.3M | $6.1M | $6.7M | $6.9M | $5.3M |
| Interest Expense | -$31.2K | -$9.5K | -$25.2K | -$123.1K | $17.8K | $25.9K | -$170.3K | $174.3K | $283.8K | $275.6K | $158.3K | -$292.3K | -$188.9K | $1.4K | - |
| Income Tax | $2.6K | $731.1K | $2.4K | $163.9K | -$649.2K | $251.0K | -$738.8K | $2.8M | -$836.6K | $161.4K | $980.7K | $599.3K | $1.1M | $1.5M | $1.0M |
| Net Income | -$5.6M | -$7.7M | -$17.1M | -$20.0M | -$26.1M | -$8.6M | $5.3M | $3.8M | -$1.1M | $2.2M | $8.6M | $4.9M | $5.4M | $5.4M | $4.2M |
| EPS (Basic) | -$1.48 | -$4.96 | -$12.34 | -$3.27 | - | -$1.52 | $0.93 | $0.14 | -$0.04 | $0.10 | $0.42 | $0.26 | $0.29 | $0.37 | $0.43 |
| EPS (Diluted) | -$1.48 | -$4.96 | -$12.34 | - | -$4.54 | -$1.52 | $0.93 | $0.14 | -$0.04 | $0.10 | $0.42 | $0.25 | $0.29 | $0.37 | $0.43 |
| Shares Outstanding | 7.3M | 1.9M | 1.4M | 6.8M | 5.6M | 5.7M | 5.7M | 28.2M | 27.3M | 24.3M | 20.9M | 19.2M | 18.5M | 17.9M | 9.7M |
| Gross Margin | 43.9% | 37.6% | -61.1% | 44.0% | -175.3% | 5.9% | 18.9% | 19.2% | 14.6% | 17.0% | 19.7% | 19.6% | 22.2% | 28.1% | 26.3% |
| Operating Margin | -55.4% | -57.9% | -127.3% | -30.8% | -231.8% | -26.4% | 5.9% | 6.4% | -0.8% | 5.1% | 5.3% | 7.7% | 10.0% | 16.1% | 18.3% |
| Profit Margin | -57.4% | -69.7% | -134.2% | -159.0% | -229.8% | -39.1% | 6.5% | 3.5% | -1.2% | 2.5% | 8.7% | 6.2% | 8.2% | 12.4% | 14.6% |