SolarMax Technology, Inc. (SMXT) Financial Statements
Industry: Construction - Special Trade Contractors
In fiscal 2025, SolarMax Technology reported revenue of $91.0M, up 295.8% from $23.0M the year before. Net income was -$6.3M (a -7.0% net margin), or -$1.56 per diluted share. Gross margin was 4.6% and operating margin was -6.9%. Operating activities generated $498,049 of cash. At fiscal year end, SolarMax Technology held $91.3M in total assets against $103.5M in total liabilities, including $8.0M of cash and equivalents.
Open the full interactive SolarMax Technology financials → Quarterly statements, key ratios, valuation history and price charts.
SolarMax Technology Key Stats
| Share Price | $5.20 |
|---|---|
| Market Cap | $24.7M |
| Revenue YoY Growth | +295.8% |
| 52-Week Range | $1.83 – $12.60 |
| Shares Outstanding | 4.7 million (basic, 2026 Q2) |
SolarMax Technology Income Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Revenue | $54.1M | $23.0M | $91.0M |
| Gross Profit | $11.1M | $2.3M | $4.2M |
| Operating Income | $483,851 | -$33.1M | -$6.3M |
| Pre-Tax Income | $370,592 | -$33.3M | -$7.5M |
| Income Tax | -$64,194 | $1.7M | -$1.1M |
| Net Income | $434,786 | -$35.0M | -$6.3M |
| Diluted EPS | $0.12 | -$9.48 | -$1.56 |
SolarMax Technology Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $30.6M | $46.6M | $14.8M | $10.2M |
| Net Income | -$2.3M | -$872,245 | -$306,684 | -$4.7M |
| Diluted EPS | -$0.48 | -$0.02 | -$0.12 | -$0.98 |
SolarMax Technology Balance Sheet
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash & Equivalents | $2.5M | $786,333 | $8.0M |
| Current Assets | $19.9M | $20.9M | $75.3M |
| Total Assets | $48.7M | $38.6M | $91.3M |
| Current Liabilities | $42.0M | $34.7M | $95.7M |
| Total Long-Term Debt | $73.2M | $78.5M | $71.3M |
| Total Liabilities | $64.5M | $53.7M | $103.5M |
| Shareholders' Equity | -$15.9M | -$15.1M | -$12.2M |
SolarMax Technology Cash Flow Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash From Operations | $3.8M | -$9.1M | $498,049 |
| Cash From Investing | -$6,550 | -$6.3M | $5.8M |
| Cash From Financing | -$5.0M | $13.3M | $1.1M |
| Free Cash Flow | $3.8M | -$9.1M | — |
Figures from SolarMax Technology's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full SolarMax Technology financials page for every line item.
SolarMax Technology Company Profile
| Ticker | SMXT |
|---|---|
| Exchange | Nasdaq |
| Industry | Construction - Special Trade Contractors |
| Headquarters | Riverside, California |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001519472 |
Frequently Asked Questions
What was SolarMax Technology's revenue in fiscal 2025?
SolarMax Technology (SMXT) reported revenue of $91.0M for fiscal 2025.
What is SolarMax Technology's annual revenue history?
SolarMax Technology's annual revenue by fiscal year: 2023: $54.1M; 2024: $23.0M; 2025: $91.0M.
What was SolarMax Technology's net income in fiscal 2025?
SolarMax Technology reported net income of -$6.3M for fiscal 2025.
What was SolarMax Technology's earnings per share (EPS) in fiscal 2025?
SolarMax Technology's diluted EPS was -$1.56 for fiscal 2025 (adjusted for any later stock splits).
What was SolarMax Technology's revenue last quarter?
In its most recent reported quarter (2026 Q2), SolarMax Technology reported revenue of $10.2M.
How much debt does SolarMax Technology have?
SolarMax Technology reported $71.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of SolarMax Technology are outstanding?
SolarMax Technology reported a weighted average of 4.7 million basic shares outstanding in 2026 Q2.
What is SolarMax Technology's market cap?
Based on its latest closing price, SolarMax Technology (SMXT) has a market capitalization of about $24.7M.
When does SolarMax Technology's fiscal year end?
SolarMax Technology's fiscal year end, as registered with the SEC, is December 31.
Where is SolarMax Technology headquartered?
SolarMax Technology lists its business address in Riverside, California in its SEC filings.