Company / R&D Expense
XMax Inc. R&D Expense History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$2.0M
FY2025
5-year range
$10.9K / $2.0M
FY2021-FY2025
Trend
-
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense changed +18200% YoY in FY2025, a notable deviation from the 3-year average annual change of +6112%.
Based on SEC 10-K filings.
$2M in FY2025 with a 3-year CAGR of +162.6%.
Improved from $110,287 to $2M over the past 3 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +162.6%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- 3-year CAGR of +162.6%, indicating consistent growth.
Company context
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.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.0M | - |
| FY2024 | - | - |
| FY2023 | $10.9K | -90.1% |
| FY2022 | $110.3K | +226.8% |
| FY2021 | $33.7K | - |
| FY2020 | - | - |
| FY2019 | - | - |
| FY2018 | - | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026