# XMax Inc. Posts $6.4 Million in Q3 Revenue, $9 Million Loss

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/57036
Published: 2026-11-13T21:48:35.000Z
Updated: 2026-11-13T21:48:35.000Z
Section: Business

> A $10.5 million unrealized loss on its Preamble Capital investment was the main driver of the quarterly deficit, partly offset by a $3.6 million deferred tax benefit.

XMax Inc. (NASDAQ: XMAX) posted a $9 million net loss for the third quarter of 2026, compared with a $1.1 million loss in the same quarter a year earlier. Revenue for the quarter was $6.4 million.

A $10.5 million unrealized loss on the company’s investment in Preamble Capital was the main driver of the quarterly deficit. A $3.6 million deferred tax benefit partly offset the loss.

Cash and cash equivalents totaled $10.6 million on Sept. 30, compared with $6.7 million on Dec. 31, 2025.