XMax (XMAX) Research & Development (2023 - 2025)
XMax (XMAX) recorded Research & Development of -$1,182 in Q4 2025, compared with $25,932 a year earlier.
Powered by 
Analysis
XMax (XMAX) Research & Development (2023 - 2025) Analysis & Trends
For FY2024, XMax reported Research & Development of $2 million, down 35.9% from FY2023.
- Across earlier years, Research & Development came in at $3.12 million in FY2023 and $10,917 in FY2022.
- The Q4 2025 figure is the lowest quarterly Research & Development in data going back to Q1 2023.
- Per Business Quant, the preceding three quarters came in at $272.00 (Q3 2025), $520.00 (Q2 2025) and $390.00 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | SharkNinja | 25.65 Bn | 23.31 Bn | 860.34 Mn | 109.33 Mn |
| 2 | Somnigroup International | 13.10 Bn | 12.65 Bn | 817.20 Mn | - |
| 3 | Hni | 3.38 Bn | 2.95 Bn | 647.20 Mn | - |
| 4 | Newell Brands | 2.32 Bn | 1.47 Bn | 812.00 Mn | - |
| 5 | Sonos | 2.13 Bn | 1.02 Bn | 189.31 Mn | 67.88 Mn |
| 6 | Whirlpool | 2.04 Bn | -1.44 Bn | 442.00 Mn | - |
| 7 | Corsair Gaming | 1.46 Bn | 1.00 Bn | 104.29 Mn | 15.45 Mn |
| 8 | Millerknoll | 1.38 Bn | 756.09 Mn | 395.60 Mn | 35.40 Mn |
| 9 | Arhaus | 1.36 Bn | 443.23 Mn | 172.07 Mn | - |
| 10 | XMax | 561.42 Mn | 508.46 Mn | 1.09 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -1,182.00 |
| Sep 30, 2025 | 272.00 |
| Jun 30, 2025 | 520.00 |
| Mar 31, 2025 | 390.00 |
| Dec 31, 2024 | 25,932.00 |
| Sep 30, 2024 | 1.22 Mn |
| Jun 30, 2024 | -518.00 |
| Mar 31, 2024 | 751,216.00 |
| Dec 31, 2023 | 3.11 Mn |
| Jun 30, 2023 | 10,026.00 |
| Mar 31, 2023 | 118.00 |
API Access
XMax Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=XMAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "XMAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=XMAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();