{ "ok": true, "cik": "1473334", "ticker": "XMAX", "name": "XMAX INC.", "filings": [ { "form": "8-K", "filed": "2026-09-15", "items": [ "3.01 Notice of Delisting or Failure to Satisfy a Listing Rule" ], "url": "https://www.sec.gov/Archives/edgar/data/1473334/000149315226042760/0001493152-26-042760-index.htm" }, { "form": "8-K", "filed": "2026-09-03", "items": [ "1.01 Entry into a Material Definitive Agreement", "3.02 Unregistered Sales of Equity Securities", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1473334/000149315226041384/0001493152-26-041384-index.htm" }, { "form": "8-K", "filed": "2026-08-25", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1473334/000149315226040057/0001493152-26-040057-index.htm" }, { "form": "10-Q", "filed": "2026-08-14", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1473334/000149315226038444/0001493152-26-038444-index.htm" }, { "form": "8-K", "filed": "2026-08-12", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.01 Completion of Acquisition or Disposition of Assets", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1473334/000149315226037394/0001493152-26-037394-index.htm" }, { "form": "8-K", "filed": "2026-07-28", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1473334/000149315226035017/0001493152-26-035017-index.htm" } ], "events12m": 38, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001473334.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1473334" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up XMAX INC. ($XMAX). Last filing: 8-K (3.01 Notice of Delisting or Failure to Satisfy a Listing Rule), 2026-09-15. 38 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2024-09-26.", "auditor": { "changes": [ { "filed": "2024-09-26", "url": "https://www.sec.gov/Archives/edgar/data/1473334/000149315224038319/0001493152-24-038319-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 16722703, "revenueGrowth1y": 0.7263080579850778, "revenueGrowthPerYear": 0.07426616809176334, "yearsOfData": 5, "operatingMargin": -0.11533613913970726, "operatingMarginPrior": -0.5536666503216948, "netMargin": -0.20442735842405382, "operatingCashFlow": -445838, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 6708340, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 12556219 }, { "fiscalYearEnd": "2022-12-31", "revenue": 12744871 }, { "fiscalYearEnd": "2023-12-31", "revenue": 11087459 }, { "fiscalYearEnd": "2024-12-31", "revenue": 9686975 }, { "fiscalYearEnd": "2025-12-31", "revenue": 16722703 } ], "totalEquity": 27959568, "totalAssets": 35547329, "equityRatio": 0.7865448343530959, "returnOnEquity": -0.12226862732643079, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 17311263.94656089, "high": 31084321.608908493, "baseline": 23588041.894755267, "n": 749, "band": "b00" }, "ifPaceHeld": { "low": 17311263.94656089, "high": 31084321.608908493 } }, "edgarette": "🔖 Exposure: revenue $16.7M (FY2025). Experience: revenue up 72.6% on the year, up 7.4% a year over 4 years; operating margin -11.5%, up from -55.4%. Soundness: equity 78.7% of assets, return on equity -12.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $17.3M and $31.1M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (9 filers, $50M+ revenue, its industry group): operating margin -11.5% against a 4.3% median; growth 72.6% against 1.1%.", "peers": { "sic": 2510, "sicDescription": "Household Furniture", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "251", "growth": [ 0.0105, 10 ], "opMargin": [ 0.0435, 9 ], "equityRatio": [ 0.4337, 9 ] }, "summary": "Xmax (XMAX) grew revenue 72.6% in FY2025 to $17 million, operating margin -11.5% against a 4.3% median for household furniture, equity 78.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
XMAX INC. against its own record and its peers
Operating marginPeer median 4.3%-11.5%Revenue, on the yearPeer median 1.1%72.6%Equity of assetsPeer median 43.4%78.7%Return on equity-12.2%Gold tick: the median of 9–9 peers with $50M+ revenue in household furniture
", "chartHorizon": null, "backtest": { "tests": 12, "hits": 7, "rate": 0.5833333333333334, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T13:12:33.825Z", "hash": "6a844cb211f05388", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Xmax (XMAX) grew revenue 72.6% in FY2025 to $17 million, operating margin -11.5% against a 4.3% median for household furniture, equity 78.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 16722703, "totalDebt": null, "cash": 6708340 }, "experience": { "revenueGrowth1y": 0.7263080579850778, "revenueGrowthPerYear": 0.07426616809176334, "operatingMargin": -0.11533613913970726, "operatingMarginPrior": -0.5536666503216948, "netMargin": -0.20442735842405382, "freeCashFlow": null }, "soundness": { "equityRatio": 0.7865448343530959, "returnOnEquity": -0.12226862732643079, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 2510, "sicDescription": "Household Furniture", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "251", "growth": [ 0.0105, 10 ], "opMargin": [ 0.0435, 9 ], "equityRatio": [ 0.4337, 9 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2024-09-26", "url": "https://www.sec.gov/Archives/edgar/data/1473334/000149315224038319/0001493152-24-038319-index.htm" } }, "range": { "low": 17311263.94656089, "high": 31084321.608908493, "baseline": 23588041.894755267, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 749, "sizeBand": "b00" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 12, "hits": 7, "rate": 0.5833333333333334, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T13:12:33.825Z", "hash": "6a844cb211f05388", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001473334.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1473334" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }