Latest revenue
$1.8M
as of 2026-03-31
Latest net income
$191.5K
as of 2026-03-31
Net margin
10.7%
as of 2026-03-31
Price · 5Y
Market data
Price feed temporarily unavailable for XWIN.
5-year trend
What this company does
Item 1. Business Our Company XMax Inc. (the “Company”), formerly known as Nova LifeStyle, Inc. and Stevens Resources, Inc, is a U.S.-headquartered innovative designer and distributor of contemporary styled residential and commercial furniture incorporated into a dynamic marketing and sales platform offering retail as well as online selection and global purchase fulfillment. We were incorporated in the State of Nevada on September 9, 2009. The Company’s products are marketed through wholesale and retail channels as well as various online platforms worldwide. The Company’s family of brands includes Nova LifeStyle, Diamond Sofa (www.diamondsofa.com) and Nova Living. Our business strength lies…
AI summary unavailable — showing raw filing excerpt
Generated from XWIN's filing dated 2026-04-15
Key risks
Item 1A. Risk Factors Our business and an investment in our securities are subject to a variety of risks. The following risk factors describe the most significant events, facts or circumstances that could have a material adverse effect upon our business, financial condition, results of operations, ability to implement our business plan and the market price for our securities. Additional risks and uncertainties that presently are not considered material or are not known to us, and therefore are not mentioned herein, may impair our business operations. Many of these events are outside of our control. If any of these risks actually occurs, our business, financial condition or results of…
AI summary unavailable — showing raw filing excerpt
Generated from XWIN's filing dated 2026-04-15
Profitability
Gross margin
25.0%
43.0%Operating margin
-11.5%
79.2%Net margin
-20.4%
64.4%Return on equity
-12.2%
98.9%Return on assets
-9.6%
82.9%Leverage
Debt / equity
0.27×
98.6%Long-term debt / equity
0.18×
54.8%Debt / assets
21.3%
77.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $1.8M | -32.4% | $191.5K | +156.5% | 10.7% |
Q4 2025 2025-12-31 | $1.8M | -11.8% | $-1.7M | -55.5% | -94.0% |
Q3 2025 2025-09-30 | $9.8M | +273.2% | $-1.1M | +54.3% | -11.5% |
Q2 2025 2025-06-30 | $2.6M | -4.9% | $-289.9K | +48.6% | -11.3% |
Q1 2025 2025-03-31 | $2.6M | +10.9% | $-338.9K | +76.8% | -12.9% |
Q4 2024 2024-12-31 | $2.0M | — | $-1.1M | — | -53.3% |
Q3 2024 2024-09-30 | $2.6M | +5.6% | $-2.5M | -91.4% | -94.3% |
Q2 2024 2024-06-30 | $2.7M | -39.8% | $-563.5K | -4.6% | -21.0% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Household Furniture · SIC 2510
Your notes
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Insider activity
No insider transactions on file for XWIN in the last 12 months.
Source: SEC Form 4 filings. Backfill runs nightly.
Who owns XWIN
Institutional value
$21.0M
Total shares held
2.9M
Distinct holders
8
-23 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 1.6M | $11.2M | — | New |
| 2 | BlackRock, Inc. | 543.5K | $3.9M | -2.7K (-0.5%) | Trimmed |
| 3 | UBS Group AG | 467.1K | $3.4M | +416.2K (+816.8%) | Added |
| 4 | VANGUARD FIDUCIARY TRUST CO | 264.6K | $1.9M | — | New |
| 5 | State of Wyoming | 29.3K | $212.2K | +4.9K (+20.1%) | Added |
| 6 | Vanguard Global Advisers, LLC | 16.3K | $117.9K | — | New |
| 7 | Catalyst Funds Management Pty Ltd | 11.1K | $80.4K | — | New |
| 8 | Hudson Bay Capital Management LP | 10.3K | $74.5K | -3.2K (-23.6%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once XWIN's latest filing finishes processing.