XMax Sees 73% Sales Surge to $16.7M, Launches AI Subsidiary
XMax Inc. posted fiscal 2025 net sales of $16.7 million, up 73% year-over-year, with a net loss of $3.4 million, improved from $5.6 million. Cash and equivalents climbed to $6.7 million and working capital to $9.9 million as the company formed XMax AI Inc. and signed a cloud inference deal.
1. Fiscal 2025 Financial Results
XMax Inc. achieved net sales of $16.7 million in fiscal 2025, marking a 73% increase from $9.7 million a year earlier. Gross profit reached $4.2 million (25% margin) and net loss narrowed to $3.4 million from $5.6 million in fiscal 2024.
2. Strategic AI Expansion
In March 2026, the board approved a strategic pivot into artificial intelligence, leading to the formation of wholly owned subsidiary XMax AI Inc. on April 2, 2026. On April 6, XMax AI Inc. entered a deal with Cloud Alliance Inc. to build and deploy a cloud-based AI inference platform on AWS.
3. Balance Sheet and Liquidity
As of December 31, 2025, XMax held $6.7 million in cash and equivalents and reported working capital of $9.9 million, up from $2.1 million a year earlier. Total assets rose to $35.5 million and stockholders' equity grew to $28.0 million, supporting a current ratio of 4.92:1.