XMax(NASDAQ) XMAX

XMax Inc. makes stylish furniture for homes and offices. It also provides computer tools that help companies use artificial intelligence. These services help users build smart apps and work more efficiently.

Furniture Meets Artificial Intelligence

• Residential and Commercial Furniture: Contemporary sofas, beds, and coffee tables sold via retailers and online platforms; generated $1.64 million in sales in the three-month period ended June 30, 2026.
• API-based Services: Cloud platform providing Application Programming Interface (API) access to artificial intelligence models; contributed $1.10 million in sales in the three-month period ended June 30, 2026.
• Bedding Components: High-quality bedding foundation parts sold to hospitality and real estate providers through a third-party manufacturing partner.

Pivoting From Products to Platforms

• Approved a strategic expansion into high-growth artificial intelligence segments, including cloud infrastructure and software development, in March 2026.
• Entered an agreement in April 2026 to deploy an AI inference platform that provides businesses with Model-as-a-Service solutions.
• Subscribed to over $11 million in fund interests holding shares of SpaceX during the fiscal year 2025.
• Committed more than $19 million to funds targeting investments in artificial intelligence companies xAI and Figure AI Inc. between Dec. 2025 and July 2026.
• Changed its corporate name from Nova LifeStyle, Inc. to XMax Inc. on Nov. 3, 2025, to reflect its new technology focus.

How the Company Operates

The company operates as a U.S. holding company that sources contemporary furniture through third-party manufacturers in China and Southeast Asia. It uses a dynamic marketing platform to integrate global purchase fulfillment with product designs based on popular consumer trends.

Looking at the Financials

• Total sales rose 7% year over year to $2.74 million in the three-month period ended June 30, 2026.
• Net income was $32.43 million for the quarter ended June 30, 2026, compared to a $0.29 million net loss in the same period of 2025.
• Unrealized gains from fund investments totaled $42.12 million during the three-month period ended June 30, 2026.
• API-based service revenue reached $1.10 million in the quarter ended June 30, 2026, up from zero in the previous year.
• Working capital increased to $45.3 million as of June 30, 2026, up from $9.4 million at the end of 2025.

Evolution into a Tech Holding

XMax has transformed from a traditional furniture distributor into a diversified technology and investment company. Its shift toward artificial intelligence and strategic stakes in aerospace and robotics reflects a strategy of rapid business evolution.