XMAX (XMAX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

XMAX

NasdaqCM•Consumer Cyclical•Furnishings, Fixtures & Appliances

$8.63-0.04(<0.01%)Market closed

Market Cap

$533.15M

P/E

17.9x

P/S

33.2x

P/B

5.0x

XMax Inc. engages in the design, manufacture, marketing, and sale of residential and commercial furniture for designers, distributors, and retailers in the United States and internationally. Its furniture products include sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. The company sells its furniture products under the Nova LifeStyle, Diamond Sofa, and Nova Living brands directly, as well as through internet sales and online marketing campaigns, and participation in exhibitions and trade shows primarily. The company also offers enterprise AI infrastructure and Model-as-a-Service solutions enabling businesses to integrate large language model capabilities into their core operations through cloud-based inference APIs. The company was formerly known as Nova LifeStyle, Inc. and changed its name to XMax Inc. in November 2025. XMax Inc. was founded in 2003 and is headquartered in Commerce, California.

How this company scores

WeakMetricSide Score: 52/100

Grade capped at D — Interest coverage below 1× (-1703.6x) — earnings cannot cover interest. Strongest: Growth (22/25); weakest: Cash & Earnings Quality (4/25).

Profitability14/25

Growth22/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality4/25

Strengths

Growing revenueHigh ROERising earningsLow leverage

Grade capped at D

Interest coverage below 1× (-1703.6x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.9x5y range 17.9x – 17.9x

P/S · 33.2x5y range 0.2x – 33.2x

Currently above its 20-quarter median.

P/B · 5.0x5y range 0.3x – 85.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $533.15M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $16.05M
Q. Revenue: $2.74M
TTM EBITDA: $-3.31M
TTM Op. Income: $-3.29M
Q. Op. Income: $-1.22M
TTM Net Income: $29.83M
Q. Net Income: $32.43M
EPS: $0.53
Shares Out.: $61.00M

$16.05M in TTM revenue grew 63.5% YoY, reaching $2.74M last quarter. TTM EBITDA of $-3.31M and TTM operating income of $-3.29M show growth is flowing through to the bottom line. TTM net income of $29.83M means revenue is converting into profit. Over the past year, TTM revenue is up 64% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 39.8%
EBITDA Margin: -44.5%
Op. Margin: -44.5%
Net Margin: 1184.9%

Op. margin of -44.5% is down 36.8% YoY — costs are rising relative to revenue. Net margin at 1184.9% and gross margin of 39.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 479% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.9x
P/S Ratio: 33.2x
P/B Ratio: 5.0x

At 17.9x P/E, the stock trades within typical market levels. P/S of 33.2x and P/B of 5.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $121.08M
Cash: $34.63M
Long-Term Debt: $5.20M
Book Value: $106.30M
D/E Ratio: 0.0
Debt/EBITDA: N/A

With $121.08M in assets and $5.20M in long-term debt, D/E is 0.0and book value is $106.30M — a conservative capital structure with a cushion to weather downturns. Across the last 6 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-3.65M
TTM Free Cash Flow: $-4.51M
FCF Margin: -28.1%
FCF / Net Income: -0.2

TTM FCF of $-4.51M on $-3.65M in operating cash flow. The FCF / Net Income ratio of -0.2x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.