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SolarMax Technology (SMXT) is a Industrials company. Latest news and coverage below.
| FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $44.7M | $54.1M | $23.0M | $91.0M |
| Growth (year over year) | — | +21.1% | −57.5% | +295.8% |
| Gross profit | $7.48M | $11.1M | $2.31M | $4.23M |
| Gross margin | 16.7% | 20.6% | 10.1% | 4.6% |
| Operating income | −$7.97M | $483.9K | −$33.1M | −$6.30M |
| Operating margin | −17.8% | 0.9% | −144.0% | −6.9% |
| Net income | −$6.87M | $434.8K | −$35.0M | −$6.33M |
| Net margin | −15.4% | 0.8% | −152.1% | −7.0% |
| EPS (diluted) | −$0.17 | $0.01 | −$0.79 | −$0.13 |
| Balance sheet | ||||
| Cash and equivalents | $3.82M | $2.54M | $786.3K | $7.97M |
| Total assets | $61.5M | $48.7M | $38.6M | $91.3M |
| Total liabilities | $77.7M | $64.5M | $53.7M | $103.5M |
| Shareholders' equity | −$16.2M | −$15.9M | −$15.1M | −$12.2M |
| Cash flow | ||||
| Operating cash flow | −$1.97M | $4.09M | −$9.13M | $498.0K |
| Capital expenditure | $83.5K | $28.0K | $0 | — |
| Free cash flow | −$2.06M | $4.06M | −$9.13M | — |
| Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $4.45M | $6.33M | $6.44M | $6.93M | $6.88M | $30.6M | — | $14.8M |
| Growth (year over year) | −69.8% | −55.6% | −47.4% | +20.2% | +54.5% | +383.3% | — | +114.1% |
| Gross profit | $588.1K | $1.26M | $933.6K | $1.42M | $604.6K | $956.2K | — | $3.05M |
| Gross margin | 13.2% | 19.9% | 14.5% | 20.5% | 8.8% | 3.1% | — | 20.5% |
| Operating income | −$2.40M | −$10.0M | −$1.80M | −$1.16M | −$1.77M | −$2.11M | — | $96.2K |
| Operating margin | −53.9% | −158.4% | −27.9% | −16.7% | −25.7% | −6.9% | — | 0.6% |
| Net income | −$2.16M | −$9.62M | −$3.90M | −$1.30M | −$1.90M | −$2.26M | — | −$306.7K |
| Net margin | −48.6% | −152.0% | −60.6% | −18.7% | −27.6% | −7.4% | — | −2.1% |
| EPS (diluted) | −$0.05 | −$0.21 | −$0.07 | −$0.03 | −$0.04 | −$0.04 | — | −$0.01 |
| Balance sheet | ||||||||
| Cash and equivalents | $1.36M | $871.4K | $786.3K | $596.3K | $1.92M | $5.72M | $7.97M | $4.31M |
| Total assets | $51.1M | $43.0M | $38.6M | $38.6M | $38.2M | $58.7M | $91.3M | $106.2M |
| Total liabilities | $53.9M | $54.0M | $53.7M | $54.5M | $53.4M | $70.4M | $103.5M | $117.6M |
| Shareholders' equity | −$2.81M | −$10.9M | −$15.1M | −$15.9M | −$15.1M | −$11.8M | −$12.2M | −$11.4M |
| Cash flow | ||||||||
| Operating cash flow | −$1.62M | $203.6K | −$1.31M | −$601.1K | $220.7K | $3.40M | — | −$4.19M |
| Capital expenditure | — | $0 | $0 | — | — | — | — | — |
| Free cash flow | — | $203.6K | −$1.31M | — | — | — | — | — |
From SolarMax Technology's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
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