XMax (XWIN)
Contemporary furniture distributor expanding into AI infrastructure and platform services.
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XMax sells contemporary residential and commercial furniture through global suppliers, distributors, retailers, and online channels. It recently formed XMax AI and is building API-based AI platform services, making execution dependent on capital access, cloud infrastructure, and customer adoption.
XMax Inc., formerly Nova LifeStyle, is a Commerce, California company with a legacy business in contemporary residential and commercial furniture. Its furniture brands include Nova LifeStyle, Diamond Sofa, Nova Living, and XMax, and the company sells through wholesale, retail, e-commerce, and international distribution channels while using third-party manufacturers under its quality-control process.
Product lines include living room, dining room, bedroom, and home-office pieces such as sofas, chairs, tables, beds, cabinets, and related furnishings. In 2026, XMax created XMax AI Inc. and began building an AI inference platform on AWS with Cloud Alliance, then announced API-based model services for enterprise customers. The business now depends on maintaining furniture demand and supplier access while proving that its AI platform can convert early contracts and prospective interest into durable operations.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $0 · Total debt $5.5M · Total assets $0 · Shareholders' equity $106.3M
- Revenue
- $2.7M
- Operating income
- −$1.2M
- Net income
- $32.4M
No dividends on record.
| Institutions | ≥ 9.21% | 5.94M shares | |
|---|---|---|---|
| 31 holders · as of Mar 31, 2026 | |||
| Other | ≤ 90.79% | 58.58M shares | |
| remainder | |||
64.52M company shares as of Sep 22, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Two share counts disagree (64.52M in the company's Sep 22, 2026 report, 47.24M elsewhere); stakes use the report.
Institutional filings for XMAX (100% of the company) are not on file here, so the institutional figure is a floor.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Vanguard Capital Management LLCInstitution | 2.41% | 1.55M | as of Mar 31, 2026 |
BlackRock, Inc.Institution | 0.84% | 543,460 | as of Mar 31, 2026 |
Geode Capital Management, LLCInstitution | 0.76% | 492,740 | as of Mar 31, 2026 |
UBS Group AGInstitution | 0.72% | 467,113 | as of Mar 31, 2026 |
Renaissance Technologies LLCInstitution | 0.71% | 461,200 | as of Mar 31, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
Not reported.