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XMAX

XMax Inc.

Consumer DiscretionaryFurniture & Building
Ticker XMAXCOMMERCE, CAFiscal year ends DecemberBook value per share $2.01Diluted shares 53.0M

XMAX Inc., formerly Nova LifeStyle, designs and markets contemporary residential and commercial furniture through wholesale, retail and online channels worldwide. Its products include sofas, chairs, tables, beds, cabinets and coordinated furniture collections, sold mainly to furniture distributors and retailers… From the company’s description.

Over the twelve months to Jun 30, 2026, XMax Inc. reported revenue of $16.05M, up 63.5% from a year earlier, and net income of $29.83M. Its operating margin was −20.5%, and operations used $4.50M in cash. In fiscal 2025, it reported revenue of $16.72M, up 72.6% from fiscal 2024, and a net loss of $3.42M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$16.72MFY2025
+72.6% year over year
Last 12 mo $16.05M
-11.53%FY2025
+43.8 percentage points
Last 12 mo -20.51%
$-3.42MFY2025
+38.5% year over year
Last 12 mo $29.83M
-12.23%FY2025
+165.8 percentage points
Last 12 mo 28.06%
Cash & financing
$-0.45MFY2025
+68.0% year over year
Last 12 mo $-4.50M
$-0.45MFY2025
+68.3% year over year
Last 12 mo $-4.50M
0.20FY2025
Was 0.21× a year earlier
Last 12 mo 0.05
20.7MFY2025
+449.3% year over year
Last 12 mo 53.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What XMax Inc. does

In the company’s own words

XMAX Inc., formerly Nova LifeStyle, designs and markets contemporary residential and commercial furniture through wholesale, retail and online channels worldwide. Its products include sofas, chairs, tables, beds, cabinets and coordinated furniture collections, sold mainly to furniture distributors and retailers serving middle- and upper-middle-income consumers; it also supplies custom and private-label products and sells directly to consumers online. Its brands include Diamond Sofa, Nova LifeStyle and Nova Living. The company sources finished goods from third-party manufacturers and manages product design, quality control, marketing and global fulfillment. In March 2026, it approved an expansion into AI software and hardware, cloud and GPU computing, AI model services and enterprise AI agents, while continuing its furniture business; it incorporated XMax AI Inc. and agreed to have an AI inference platform developed and deployed. In 2025, its products were sold in nine countries, and it had 22 full-time employees, all in the United States. Its website is www.diamondsofa.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Furniture & Building
Headquarters
COMMERCE, CA
Fiscal year end
December
CIK
1473334
SIC
2510

Financial performance, year by year

Fiscal 2011–2025 · USD
$-39.21M$1.16M$41.53M$81.91M$122.28M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns XMax Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

54
funds hold it
0 of 35
superinvestors hold it
$52.70M
held by funds, at market
9.0%
of shares held by funds

Largest fund holders · XMax Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets
0.03%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do XMax Inc. and its peers compare on margins and cash generation over ten years?”
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  • “What changed in XMax Inc.'s last four quarterly filings that the numbers alone won't show?”
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