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.
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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.