SolarMax Technology, Inc.

SMXT Nasdaq SEC CIK 1519472
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Financials

Reported figures only · latest: Q1 2026 USD · US GAAP
Revenue, last quarter $14.8M +114.1% vs same quarter last year
Net income −$306.7K +76.3% vs same quarter last year
EPS, diluted −$0.01 +66.7% vs same quarter last year
Operating cash flow −$4.2M −596.5% vs same quarter last year
Revenue by quarter
$4.5M
$6.3M
$6.4M
$6.9M
$6.9M
$30.6M
$46.6M
$14.8M
Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

Source: SEC XBRL filings · latest filing

The long view

Fiscal years as reported · SEC XBRL filings, US GAAP
Revenue and net income5 fiscal years
  • Revenue
  • Net income
−$50M$0$50M$100MFY21FY22FY23FY24FY25
Show the numbers
YearRevenueNet income
FY25$91M−$6.3M
FY24$23M−$35M
FY23$54.1M$434.8K
FY22$44.7M−$6.9M
FY21--
MarginsShare of revenue
  • Gross margin
  • Operating margin
  • Net margin
−200%−150%−100%−50%0%50%FY21FY22FY23FY24FY25
Show the numbers
YearGross marginOperating marginNet margin
FY254.6%−6.9%−7%
FY2410.1%−144%−152.1%
FY2320.6%0.9%0.8%
FY2216.7%−17.8%−15.4%
FY21---
Free cash flowOperating cash flow minus capital expenditure
−$10M−$5M$0$5MFY21FY22FY23FY24FY25
Show the numbers
YearFree cash flow
FY25-
FY24−$9.1M
FY23$4.1M
FY22−$2.1M
FY21-
Net margin vs the sectorMedian of Industrials companies filing with the SEC
  • SolarMax Technology
  • Industrials median
−200%−150%−100%−50%0%50%FY21FY22FY23FY24FY25
Show the numbers
YearSolarMax TechnologyIndustrials median
FY25−7%4.7%
FY24−152.1%5.5%
FY230.8%5.1%
FY22−15.4%4.3%
FY21-4.5%

News

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