SolarMax Technology, Inc.
SMXT Nasdaq· Construction - Special Trade Contractors
Last close · Oct 26, 2026
$4.25
KIRA · Stoqly’s AI analyst, in plain words
- SolarMax Technology, Inc. had $91.0M of revenue in fiscal 2025, up 295.8% on the year before.
- Its operating margin was −6.9%, up 137.1 pts: of every 100 in sales, about −7 is left after running the business.
- SolarMax Technology, Inc. lost $6.3M in fiscal 2025.
- SolarMax Technology, Inc. owes $12.2M more than it holds in cash.
Market cap
$20.2M
P/E
—
Revenue
$91.0M
Net income
−$6.3M
Free cash flow
—
Operating margin
−6.9%
SolarMax Technology, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+295.8%
Yes. Sales grew 295.8% last year.
Does it make a profit?
−7.0%
No. It lost money last year.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What SolarMax Technology, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Apr 6, 2026
- Legal name
- SolarMax Technology, Inc.
- CIK
- 0001519472
SolarMax Technology, Inc. · SMXT
Results and finances
The last 4 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $44.7M | $54.1M | $23.0M | $91.0M |
| Revenue growth | — | 21.1% | −57.5% | 295.8% |
| Gross margin | 16.7% | 20.6% | 10.1% | 4.6% |
| Operating margin | −17.8% | 0.9% | −144.0% | −6.9% |
| Net income | −$6.9M | $0.4M | −$35.0M | −$6.3M |
| Net margin | −15.4% | 0.8% | −152.1% | −7.0% |
| Diluted EPS | −$0.17 | $0.01 | −$0.79 | −$0.13 |
| Cash | ||||
| Cash from operations | −$2.0M | $4.1M | −$9.1M | $0.5M |
| Capital expenditure | $0.1M | $0.0M | $0.0M | — |
| Free cash flow | −$2.1M | $4.1M | −$9.1M | — |
| FCF margin | −4.6% | 7.5% | −39.7% | — |
| Share count change | — | 0.7% | 10.8% | 12.7% |
| Debt and strength | ||||
| Cash and short-term investments | $3.8M | $2.5M | $7.1M | $8.0M |
| Debt incl. finance leases | — | $21.2M | $18.5M | $20.2M |
| Loans, net | $10.3M | $6.5M | $4.4M | $3.1M |
| Deposits | $0.3M | $0.4M | — | — |
| Shareholders' equity | −$16.2M | −$15.9M | −$15.1M | −$12.2M |
| Net debt / EBITDA | — | 28.1x | — | — |
| Current ratio | 0.6x | 0.5x | 0.6x | 0.8x |
| Interest coverage | — | — | −21.1x | −4.6x |
| Returns and quality | ||||
| Return on capital | — | 21.3% | — | −21,532.8% |
| Piotroski F-score | — | 6 | 2 | 6 |
| Altman Z'' | −6.6 | −8.0 | −17.1 | −6.0 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
SolarMax Technology, Inc. · SMXT
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $4.25 a share, the company is worth $20.2M.
Source: SEC EDGAR XBRL filings (CIK 0001519472). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.