XMax Inc. (XMAX) Income Statement
XMAX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsXMAX revenue and net income
Where XMAX's revenue goes
2025Each bar shows an amount and its share of revenue. XMAX kept −20.4% of revenue as net income.
XMAX profit margins
XMAX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +72.6% | +9.5% | — | — |
| Gross profit | −1.5% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
XMAX quarterly EPS vs estimates
Next report: November 13, 2026.
XMAX income statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $16.7M | $9.7M | $11.1M | $12.7M |
| Cost of revenue | $12.5M | $5.4M | $6.9M | $20.5M |
| Gross profit | $4.2M | $4.2M | $4.2M | −$7.8M |
| Research & development | $0 | $2.0M | $3.1M | $10,917 |
| Sales, general & admin | $6.1M | $7.6M | $7.5M | $8.4M |
| Total operating expenses | $6.1M | $15.1M | $17.5M | $29.0M |
| Operating income | −$1.9M | −$5.4M | −$6.4M | −$16.2M |
| Interest expense | $77,135 | $31,244 | $9,495 | — |
| Income before taxes | −$4.0M | −$5.6M | −$7.0M | −$17.1M |
| Income taxes | −$580,987 | — | — | — |
| Net income | −$3.4M | −$5.6M | −$7.7M | −$17.1M |
| EBITDA | −$3.0M | −$5.0M | −$6.2M | −$15.7M |
| EPS (diluted) | −$0.15 | −$1.74 | −$4.49 | −$12.34 |
| Gross margin | 25.0% | 43.9% | 37.6% | −61.1% |
| Operating margin | −11.5% | −55.4% | −57.9% | −127.3% |
| Net margin | −20.4% | −57.4% | −69.7% | −134.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | |
|---|---|---|---|---|---|---|
| Revenue | $2.7M | $1.8M | $1.8M | $9.8M | $2.6M | $2.6M |
| Cost of revenue | $1.6M | $899,252 | $1.1M | $8.8M | $1.3M | $1.4M |
| Gross profit | $1.1M | $882,469 | $712,414 | $983,803 | $1.3M | $1.2M |
| Research & development | $0 | $1,182 | $1,182 | $272 | $520 | $390 |
| Sales, general & admin | $2.3M | $1.4M | $1.8M | $1.5M | $1.5M | $1.4M |
| Total operating expenses | $2.3M | $1.4M | $2.8M | $1.5M | $1.5M | $2.8M |
| Operating income | −$1.2M | −$534,853 | −$1.0M | −$490,023 | −$196,494 | −$193,360 |
| Interest expense | $34,202 | $72,754 | — | — | — | — |
| Income before taxes | $40.2M | $191,514 | −$2.2M | −$1.1M | −$290,904 | −$401,131 |
| Income taxes | $7.8M | −$516,973 | — | −$757 | −$997 | — |
| Net income | $32.4M | $191,514 | −$1.7M | −$1.1M | −$289,907 | −$338,871 |
| EBITDA | −$1.0M | $354,018 | −$2.7M | −$943,615 | −$90,578 | — |
| EPS (diluted) | −$0.02 | $0.00 | −$0.04 | −$0.06 | −$0.02 | −$0.03 |
| Gross margin | 39.8% | 49.5% | 40.3% | 10.1% | 50.2% | 45.7% |
| Operating margin | −44.5% | −30.0% | −59.3% | −5.0% | −7.7% | −7.3% |
| Net margin | 1,184.9% | 10.7% | −94.0% | −11.5% | −11.3% | −12.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in XMAX's financial statements (latest annual report filed April 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
XMAX financial results
In fiscal year 2025 (ended December 31, 2025), XMax reported revenue of $16.7 million, up 72.6% from the year before. It had a net loss of $3.4 million, a net profit margin of −20.4%. Diluted earnings per share came to −$0.15.
See the XMAX stock overview for the latest quote and news, or the XMAX chart for price history and technical indicators.
XMAX income statement FAQ
What is XMax's annual revenue?
XMax reported total revenue of $16.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 72.6% from $9.7 million the previous year.
Is XMax profitable?
No. XMax reported a net loss of $3.4 million in fiscal 2025, a net profit margin of −20.4%; its operating margin was −11.5%.
What is XMax's gross margin?
XMax's gross margin was 25.0% in fiscal 2025: for every $100 of revenue, XMax kept $25 after the direct cost of its products and services.
What are XMax's earnings per share?
XMax earned $-0.15 per diluted share in fiscal 2025, compared with $-1.74 a year earlier.
When will XMax report its next earnings?
XMax is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does XMax's fiscal year end?
XMax's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 15, 2026.