XMax Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $16.7M | $9.7M | $11.1M | $12.7M | $12.6M |
| Gross profit | $4.2M | $4.2M | $4.2M | -$7.8M | $5.5M |
| Operating income | -$1.9M | -$5.4M | -$6.4M | -$16.2M | -$3.9M |
| Operating expenses | $6.1M | $9.6M | $10.6M | $8.4M | $9.4M |
| Cost of revenue | $12.5M | $5.4M | $6.9M | $20.5M | $7.0M |
| Cash from operations | -$445,838 | -$1.4M | -$1.6M | -$5.4M | -$4.8M |
| Capital expenditure | — | $14,121 | — | $8,772 | $110,519 |
| Free cash flow | — | -$1.4M | — | -$5.4M | -$4.9M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $35.5M | $9.9M | $6.2M | $11.5M | $29.5M |
| Total liabilities | $7.6M | $6.8M | $5.7M | $4.9M | $6.1M |
Shares outstanding 63.6M · Free float 80.1%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.