HIGHBuilt-inGeographic
52.1%
North America
“10-K Item 1: 'Sales to North America accounted for 52.1% and 97.4% of our total sales for 2025 and 2024, respectively.'”
XMAX · Concentration risk · 10-K extracted
XMAX (XMAX) concentration risks
Updated
The most significant concentration XMAX discloses is North America at 52.1%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: XMAX’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 6 disclosed concentrations
HIGH1
MEDIUM4
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
47.4%
Hong Kong
“10-K Item 1: 'Sales to Hong Kong accounted for 47.4% and 0% for 2025 and 2024, respectively.'”
MEDIUMBuilt-inProduct / Revenue mix
47%
marbles slabs
“10-K Item 1: 'Our largest selling product categories for the year ended December 31, 2025 were marbles slabs, sofas and coffee tables, which accounted for approximately 47%, 30% and 5% of sales , respectively.'”
MEDIUMBuilt-inProduct / Revenue mix
30%
sofas
“10-K Item 1: 'Our largest selling product categories for the year ended December 31, 2025 were marbles slabs, sofas and coffee tables, which accounted for approximately 47%, 30% and 5% of sales , respectively.'”
MEDIUMOutside partySupplier
25%
two principal suppliers
“10-K Item 1: 'Two of our principal suppliers of finished goods in 2025 accounted for approximately 25% of our total purchases from operations for 2025.'”
LOWOutside partyCustomer
one customer
“10-K Item 1: 'One customer accounted for greater than 10% of our total sales in 2025 and no customer accounted for greater than 10% of our total sales in 2024, respectively.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06XMAX's concentration picture shows a geographic mix rapidly shifting shape, plus product and supplier concentration layered on top. North America accounted for 52.1% of total sales in 2025, down sharply from 97.4% in 2024 — still a high-share exposure, but one whose share has moved a great deal in a single year. The mirror image is Hong Kong, which went from 0% of sales in 2024 to 47.4% in 2025 — a medium-share exposure that barely existed the year before. Together, these two swings mean the geographic base has diversified in dollar terms but concentrated rapidly into a second region rather than staying purely domestic. Product mix is also concentrated: marbles slabs were the largest category at approximately 47% of sales, with sofas next at 30% — both medium-share, structural exposures to specific product lines. On the supply side, two principal suppliers accounted for approximately 25% of total purchases, a medium-share dependency, while customer concentration is comparatively light — one customer accounted for greater than 10% of total sales in 2025, a low-share dependency and the smallest exposure in the set.
For the engine’s reasoning on XMAX’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Furnishings, Fixtures & Appliances
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ALH | Alliance Laundry Holdings Inc. | 2 | 0 | 0 | 2 |
| XMAX● | XMAX, Inc. | 1 | 4 | 1 | 6 |
| LEG | Leggett & Platt, Incorporated | 1 | 3 | 0 | 4 |
| LZB | La-Z-Boy Incorporated | 1 | 3 | 0 | 4 |
| ETD | Ethan Allen Interiors Inc. | 0 | 1 | 1 | 2 |
| HNI | HNI Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.