Growth & profitability
- Revenue has grown 7.4% per year over the past 5 years.
XMAX Financials Xmax Inc.
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $17M | -$3M | 25.0% | -11.5% | — | — | $7M |
| 2024 | $10M | -$6M | 43.9% | -55.4% | -$1M | — | $161902 |
| 2023 | $11M | -$8M | 37.6% | -57.9% | — | — | $369137 |
| 2022 | $13M | -$17M | -61.1% | -127.3% | -$5M | — | $1M |
| 2021 | $13M | -$20M | 44.0% | -30.7% | -$5M | — | $6M |
| 2020 | — | -$26M | — | — | -$2M | — | $9M |
| 2019 | — | -$9M | — | — | $15M | — | $9M |
| 2018 | — | $5M | — | — | -$7M | — | $243551 |
| 2017 | — | $4M | — | — | -$1M | — | $6M |
| 2016 | — | -$1M | — | — | -$6M | — | $3M |
| 2015 | — | $2M | — | — | -$4M | — | $988029 |
| 2014 | — | $9M | — | — | -$8M | — | $1M |
| 2013 | — | $5M | — | — | -$459319 | — | $2M |
| 2012 | — | $5M | — | — | $175057 | — | $3M |
| 2011 | — | $5M | — | — | -$1M | — | $3M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $2M | $191514 | 49.5% | -30.0% | — | — | $10M |
| Dec '25 | $2M | -$2M | 40.3% | -59.3% | — | — | $7M |
| Sep '25 | $10M | -$1M | 10.1% | -5.0% | — | — | $2M |
| Jun '25 | $3M | -$289907 | 50.2% | -7.7% | — | — | $468825 |
| Mar '25 | $3M | -$338871 | 45.7% | -7.3% | — | — | $147300 |
| Dec '24 | $2M | -$1M | 42.8% | -48.4% | — | — | $161902 |
| Sep '24 | $3M | -$2M | 45.1% | -92.0% | — | — | $162285 |
| Jun '24 | $3M | -$563489 | 44.4% | -18.5% | — | — | $363409 |
| Mar '24 | $2M | -$1M | 42.8% | -62.6% | — | — | $273100 |
| Dec '23 | $2M | -$5M | 44.0% | -167.3% | — | — | $369137 |
| Sep '23 | $2M | -$1M | 43.0% | -42.4% | — | — | $749009 |
| Jun '23 | $4M | -$538581 | 32.4% | -8.5% | — | — | $442098 |
| Mar '23 | $2M | -$1M | 35.3% | -63.1% | — | — | $649400 |
| Dec '22 | $2M | -$9M | -306.7% | -389.9% | -$2M | — | $1M |
| Sep '22 | $3M | -$2M | 37.7% | -31.6% | -$2M | — | $3M |
| Jun '22 | $4M | -$6M | -93.1% | -149.0% | — | — | $5M |
| Mar '22 | $4M | -$898047 | 41.7% | -22.5% | — | — | $5M |
| Dec '21 | $3M | -$11M | 244.7% | 157.0% | -$2M | — | $6M |
| Sep '21 | $3M | -$1M | 48.0% | -39.3% | -$2M | — | $8M |
| Jun '21 | $4M | -$6M | -112.9% | -176.9% | — | — | $6M |
Valuation over time
How the market has priced XMAX against its own fundamentals since 2026-05 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has risen from 32.6× (May '26) to 32.9× (Jun '26).
P/S
Frequently asked questions
Is XMAX growing its revenue and profit?
Over the past 5 years, Xmax Inc.'s revenue has grown 7.4% per year. These are computed facts, not advice.
How much debt does XMAX have?
As of FY2025, Xmax Inc. reported — of total debt against $7M of cash.
What is XMAX's profit margin?
In FY2025, gross margin was 25.0%, operating margin -11.5%, and net margin -20.4%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.