SMXT

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Solarmax Technology Inc.

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Key Metrics

Previous Close: $2.12
52-Week Range: $1.82 – $15.24
Market Cap: $10.24M
P/E (TTM): —
EPS (TTM): -1.32
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: —
PEG Ratio: —
Return on Equity: —
Return on Assets: -4.35%
Gross Margin: 5.92%
Operating Margin: 0.65%
Profit Margin: -5.40%
Current Ratio: 0.82
Debt/Equity: —
Total Debt: $36.27M
Free Cash Flow: $-794.43K
Revenue Growth: 114.10%
Earnings Growth: —
Enterprise Value: $42.21M

SMXT Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$44.72M	$54.14M	$22.99M	$90.98M
Cost of Revenue	$37.24M	$42.99M	$20.67M	$86.75M
Gross Profit	$7.48M	$11.15M	$2.31M	$4.23M
Selling, General & Admin	$15.45M	$10.67M	$27.96M	$10.53M
Operating Expenses	$15.45M	$10.67M	$27.96M	$10.53M
Operating Income	-$7.97M	$483.85K	-$25.64M	-$6.30M
EBITDA	-$3.63M	$3.56M	-$30.19M	-$4.49M
Pretax Income	-$6.83M	$370.59K	-$33.30M	-$7.46M
Income Tax	$41.43K	-$64.19K	$1.66M	-$1.13M
Net Income	-$6.87M	$434.79K	-$34.96M	-$6.33M
Diluted EPS	-0.15	0.01	-0.79	-0.13
Diluted Shares	47.50M	44.50M	44.34M	49.98M

SMXT Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$3.82M	$2.54M	$786.33K	$7.97M
Receivables	$18.42M	$11.14M	$9.39M	$61.40M
Inventory	$3.40M	$1.34M	$1.30M	$2.06M
Current Assets	$29.09M	$19.92M	$20.95M	$75.35M
Total Assets	$61.48M	$48.66M	$38.63M	$91.29M
Current Liabilities	$46.51M	$43.40M	$34.74M	$95.71M
Long-Term Debt	$22.15M	$14.27M	$13.53M	$5.34M
Total Debt	$47.98M	$41.88M	$34.84M	$27.20M
Total Liabilities	$77.69M	$64.54M	$53.71M	$103.50M
Retained Earnings	-$69.06M	-$68.62M	-$103.59M	-$109.91M
Shareholders' Equity	-$16.21M	-$15.89M	-$15.08M	-$12.21M
Working Capital	-$17.43M	-$23.48M	-$13.79M	-$20.36M
Net Debt	$37.17M	$33.77M	$30.77M	$17.52M

SMXT Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$1.97M	$4.09M	-$9.13M	$498.05K
Capital Expenditure	-$83.47K	-$28.00K	—	—
Free Cash Flow	-$2.06M	$4.06M	-$9.13M	$498.05K
Depreciation & Amortisation	$1.37M	$1.61M	$1.55M	$1.60M
Stock-Based Compensation	—	$0.00	$18.54M	$520.72K
Investing Cash Flow	-$280.52K	-$6.55K	-$6.32M	$5.84M
Financing Cash Flow	-$7.50M	-$5.32M	$13.31M	$1.15M
Net Change in Cash	-$9.75M	-$1.24M	-$2.14M	$7.49M

SMXT Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$6.93M	$6.88M	$30.60M	$46.57M	$14.83M
Cost of Revenue	$5.51M	$6.28M	$29.65M	$45.32M	$11.78M
Gross Profit	$1.42M	$604.56K	$956.21K	$1.25M	$3.05M
Selling, General & Admin	$2.57M	$2.37M	$3.06M	$2.51M	$2.95M
Operating Expenses	$2.57M	$2.37M	$3.06M	$2.51M	$2.95M
Operating Income	-$1.16M	-$1.77M	-$2.11M	-$1.26M	$96.20K
EBITDA	-$595.16K	-$1.24M	-$2.02M	-$636.02K	$261.31K
Pretax Income	-$1.36M	-$2.00M	-$2.77M	-$1.32M	-$313.00K
Income Tax	-$63.63K	-$106.22K	-$515.51K	-$449.21K	-$6.32K
Net Income	-$1.30M	-$1.90M	-$2.26M	-$872.25K	-$306.68K
Diluted EPS	-0.03	-0.04	-0.04	—	-0.01
Diluted Shares	44.42M	45.82M	52.71M	—	56.18M

SMXT Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$596.25K	$1.92M	$5.72M	$7.97M	$4.31M
Receivables	$9.66M	$8.37M	$25.99M	$61.40M	$69.34M
Inventory	$2.30M	$1.59M	$1.61M	$2.06M	$1.72M
Current Assets	$21.55M	$21.54M	$42.06M	$75.35M	$80.46M
Total Assets	$38.59M	$38.24M	$58.66M	$91.29M	$106.19M
Current Liabilities	$39.02M	$39.80M	$57.50M	$95.71M	$98.02M
Long-Term Debt	$10.56M	$9.57M	$9.70M	$5.34M	$6.32M
Total Debt	$34.44M	$32.98M	$28.29M	$27.20M	$36.27M
Total Liabilities	$54.47M	$53.35M	$70.44M	$103.50M	$117.60M
Retained Earnings	-$104.88M	-$106.78M	-$109.04M	-$109.91M	-$110.22M
Shareholders' Equity	-$15.87M	-$15.11M	-$11.78M	-$12.21M	-$11.41M
Working Capital	-$17.47M	-$18.26M	-$15.44M	-$20.36M	-$17.56M
Net Debt	$30.94M	$28.55M	$20.45M	$17.52M	$20.06M

SMXT Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$601.13K	$220.70K	$3.40M	-$2.52M	-$4.19M
Free Cash Flow	-$601.13K	$220.70K	$3.40M	-$2.52M	-$4.19M
Depreciation & Amortisation	$395.31K	$398.96K	$400.88K	$407.12K	$276.25K
Stock-Based Compensation	$0.00	$0.00	$520.72K	$0.00	—
Investing Cash Flow	$93.42K	$44.09K	$500.61K	$5.20M	$548.44K
Financing Cash Flow	$376.55K	$1.18M	-$71.26K	-$333.45K	-$7.70K
Net Change in Cash	-$131.17K	$1.44M	$3.83M	$2.35M	-$3.65M

Market Snapshot

About

Solarmax Technology manufactures and sells solar photovoltaic products including solar panels, inverters, and energy storage systems. The company provides renewable energy solutions for residential, commercial, and utility-scale solar installations. Solarmax operates primarily in Asia and serves customers seeking clean energy alternatives and energy independence.