Company / Working Capital
XMax Inc. Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
$9.4M
FY2025
5-year range
$60.1K / $23.8M
FY2021-FY2025
Trend
+345.8%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Working Capital changed +346% YoY in FY2025, a notable deviation from the 9-year average annual change of +391%.
Based on SEC 10-K filings.
$9M in FY2025 with a 5-year CAGR of -25.6%.
Improved from $60,057 to $9M over the past 2 years.
Working Capital over time
Growth rates
- 3-Year CAGR
- +12.7%
- 5-Year CAGR
- -25.6%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of -25.6%, indicating a declining trend.
- In FY2025, working capital increased 345.8% year-over-year.
- Peak working capital was recorded in FY2019.
- Lowest working capital in the period was in FY2023.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $9.4M | +345.8% |
| FY2024 | $2.1M | +3406.9% |
| FY2023 | $60.1K | -99.1% |
| FY2022 | $6.6M | -72.4% |
| FY2021 | $23.8M | -42.4% |
| FY2020 | $41.3M | -43.9% |
| FY2019 | $73.6M | +0.0% |
| FY2018 | $73.6M | +1.9% |
| FY2017 | $72.2M | +23.7% |
| FY2016 | $58.4M | +20.1% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026