XMAX Inc. filed its Form 10-Q for the quarterly period ended June 30, 2026 with the U.S. Securities and Exchange Commission, reporting a swing to net income driven largely by a large unrealized gain recorded in the period.

Key Highlights

  • Net income of $32,619,883 was reported for the six months ended June 30, 2026, compared to a net loss of $628,778 in the same period of 2025, according to the filing.
  • Unrealized gain of $42,918,751 was recorded under Other Income for the six months ended June 30, 2026, versus zero in the comparable prior-year period.
  • Total assets rose to $121,078,781 as of June 30, 2026, from $35,547,329 as of December 31, 2025, per the condensed consolidated balance sheets.
  • Investment in fund reached $73,820,917 as of June 30, 2026, up from $23,104,628 as of December 31, 2025.
  • Net sales were $4,518,442 for the six months ended June 30, 2026, down from $5,191,941 in the same period of 2025.
  • 64,523,426 shares of common stock were outstanding as of August 12, 2026, as stated on the cover page of the filing.
  • Income tax expense of $7,809,615 was recorded for the six months ended June 30, 2026, compared to a tax benefit of $63,257 in the prior-year period.

XMAX Inc. Financial Results: Unrealized Gain Drives Six-Month Swing to Profitability

XMAX Inc. (NASDAQ:XMAX), a Nevada-incorporated smaller reporting company headquartered in Commerce, California, reported a significant shift in its income statement for the six months ended June 30, 2026. According to the filing, net income reached $32,619,883 for the period, compared to a net loss of $628,778 for the same period in 2025. The primary driver was an unrealized gain of $42,918,751 recorded in the Other Income section, which was absent in the prior-year comparative period.

The filing disclosed that net sales for the six months ended June 30, 2026 totaled $4,518,442, down from $5,191,941 in the same period of 2025. Gross profit was $1,972,736 for the current six-month period versus $2,488,281 in the prior-year period. Total operating expenses rose to $3,725,147 from $2,878,135, resulting in a loss from operations of $1,752,411 for the six months ended June 30, 2026. Total other income, net, as stated in the filing, was $42,181,909, primarily attributable to the unrealized gain noted above.

On the balance sheet, the filing reported total assets of $121,078,781 as of June 30, 2026, compared to $35,547,329 as of December 31, 2025. The investment in fund line item increased to $73,820,917 from $23,104,628 over the same period. The filing also shows that 64,088,827 shares were issued and outstanding as of June 30, 2026, compared to 41,885,728 as of December 31, 2025, reflecting stock issued to investors during the three months ended June 30, 2026. Total stockholders' equity stood at $106,297,098 as of June 30, 2026, up from $27,959,568 as of December 31, 2025.

What Was Disclosed

XMAX Inc. filed its quarterly report covering the period ended June 30, 2026, disclosing net income of $32,619,883 for the six-month period, total assets of $121,078,781, and 64,523,426 shares outstanding as of August 12, 2026, among other financial and operational details.