Solarmax Technology Inc. Common Stock(SMXT)Earnings, Financials & Key Ratios

SMXT•NASDAQ

$0.62

$34M mkt cap·Price updated May 6, 2026

SectorEnergy IndustrySolar Sub-IndustryResidential solar installers and financing

AboutSolarMax Technology, Inc., through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; financing the sale of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects. It serves residential, commercial, and government customers. The Company was incorporated in 2008 and is based in Riverside, California.Show more

Revenue$23M-57.5%
EBITDA-$32M-1605.0%
Net Income-$35M-8141.3%
EPS (Diluted)-0.77-7957.1%
Gross Margin10.07%-51.1%
EBITDA Margin-137.28%-3644.6%
Operating Margin-144.01%-16214.0%
Net Margin-152.1%-19038.7%
ROIC-117.02%-8388.4%
Interest Coverage-21.14-6989.8%

Technical→

SMXT Key Insights

Solarmax Technology Inc. Common Stock (SMXT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 15 (bottom 15%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 23.9% over 5 years
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

SMXT Price & Volume

Solarmax Technology Inc. Common Stock (SMXT) stock price & volume — 10-year historical chart

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SMXT Growth Metrics

Solarmax Technology Inc. Common Stock (SMXT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-23.86%

3 Years-15.23%

TTM76.6%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM69.8%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM71.39%

Return on Capital

10 Years-115.82%

5 Years-155.12%

3 Years-253.61%

Last Year-724.07%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
RUNSunrun Inc.Direct Competitor	3.01B	12.83	7.50	45.11%	17.9%	12.42%	2.99
SPWRSunPower Inc.Direct Competitor	874.51M	1.03	-15.40	2.92%	-13.21%
SHLSShoals Technologies Group, Inc.Direct Competitor	1.4B	8.33	41.65	19.07%	6.27%	5.67%	0.29
ARRYArray Technologies, Inc.Direct Competitor	1.24B	8.12	-11.13	40.22%	-5.56%	-20.64%	2.94
SEDGSolarEdge Technologies, Inc.Product Competitor	2.47B	40.61	-5.89	31.39%	-28.56%	-79.58%	0.99
ENPHEnphase Energy, Inc.Product Competitor	4.72B	35.80	27.75	10.72%	9.64%	13.28%	1.14
FSLRFirst Solar, Inc.Product Competitor	23.42B	218.00	15.34	24.09%	30.73%	18.01%	0.05
CSIQCanadian Solar Inc.Product Competitor	1.13B	16.88	-10.89	-6.65%	-1.86%	-2.47%	1.80

Compare SMXT vs Peers

Solarmax Technology Inc. Common Stock (SMXT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RUN

Most directly comparable listed peer for SMXT.

Scale Benchmark

vs GE

Larger-name benchmark to compare SMXT against a more recognizable public peer.

Peer Set

Compare Top 5

vs RUN, SPWR, SHLS, ARRY

SMXT Income Statement

Solarmax Technology Inc. Common Stock (SMXT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Sales/Revenue	88.93M	89.83M	131.58M	37.74M	44.72M	54.14M	22.99M	50.85M
Revenue Growth %	-	1.01%	46.48%	-71.32%	18.49%	21.07%	-57.54%	76.6%
Cost of Goods Sold	78.35M	80.58M	115.13M	31.79M	37.24M	42.99M	20.67M	46.94M
COGS % of Revenue	88.1%	89.7%	87.5%	84.24%	83.27%	79.41%	89.93%	-
Gross Profit	10.58M▲ 0%	9.25M▼ 12.6%	16.45M▲ 77.8%	5.95M▼ 63.9%	7.48M▲ 25.8%	11.15M▲ 49.0%	2.31M▼ 79.2%	3.91M▲ 0%
Gross Margin %	11.9%	10.3%	12.5%	15.76%	16.73%	20.59%	10.07%	7.7%
Gross Profit Growth %	-	-12.58%	77.81%	-63.85%	25.82%	49.02%	-79.24%	-
Operating Expenses	18.8M	20.2M	12.71M	12.15M	15.45M	10.67M	35.42M	10.58M
OpEx % of Revenue	21.14%	22.49%	9.66%	32.19%	34.55%	19.7%	154.08%	-
Selling, General & Admin	18.8M	20.2M	12.71M	12.15M	15.45M	10.67M	27.96M	10.48M
SG&A % of Revenue	21.14%	22.49%	9.66%	32.19%	34.55%	19.7%	121.62%	-
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	7.46M	94.58K
Operating Income	-8.22M▲ 0%	-10.95M▼ 33.3%	3.74M▲ 134.2%	-6.2M▼ 265.7%	-7.97M▼ 28.5%	483.85K▲ 106.1%	-33.1M▼ 6941.7%	-6.66M▲ 0%
Operating Margin %	-9.24%	-12.19%	2.84%	-16.43%	-17.82%	0.89%	-144.01%	-13.1%
Operating Income Growth %	-	-33.27%	134.17%	-265.72%	-28.53%	106.07%	-6941.68%	-
EBITDA	-6.13M	-10.33M	5.22M	-5.84M	-6.6M	2.1M	-31.56M	1.19B
EBITDA Margin %	-6.9%	-11.5%	3.97%	-15.48%	-14.75%	3.87%	-137.28%	2337.95%
EBITDA Growth %	-	-68.47%	150.56%	-211.81%	-12.96%	131.78%	-1604.98%	4212.2%
D&A (Non-Cash Add-back)	2.08M	618.8K	1.48M	359.86K	1.37M	1.61M	1.55M	1.2B
EBIT	-9.15M	-12.76M	5.65M	-1.62M	-5M	1.95M	-31.73M	-6.84M
Net Interest Income	-1.4M	-1.51M	-3.09M	-1.81M	-1.77M	-1.51M	-1.07M	-881.12K
Interest Income	448.31K	434.17K	121K	185.58K	61.62K	68.85K	500.54K	603.96K
Interest Expense	1.85M	1.95M	3.21M	2M	1.83M	1.58M	1.57M	1.49M
Other Income/Expense	-2.18M	-3.21M	-1.3M	2.58M	1.14M	-113.26K	-194.96K	-1.66M
Pretax Income	-11M▲ 0%	-14.71M▼ 33.7%	2.44M▲ 116.6%	-3.62M▼ 248.3%	-6.83M▼ 88.7%	370.59K▲ 105.4%	-33.3M▼ 9085.2%	-8.32M▲ 0%
Pretax Margin %	-12.37%	-16.38%	1.86%	-9.59%	-15.28%	0.68%	-144.86%	-16.37%
Income Tax	1.07M	-5.73K	1.49M	-300.66K	41.43K	-64.19K	1.66M	1.03M
Effective Tax Rate %	-9.77%	0.04%	60.96%	8.3%	-0.61%	-17.32%	-5%	-12.39%
Net Income	-11.93M▲ 0%	-14.6M▼ 22.3%	974.05K▲ 106.7%	-3.32M▼ 440.9%	-6.87M▼ 107.0%	434.79K▲ 106.3%	-34.96M▼ 8141.3%	-9.36M▲ 0%
Net Margin %	-13.42%	-16.25%	0.74%	-8.8%	-15.37%	0.8%	-152.1%	-18.4%
Net Income Growth %	-	-22.33%	106.67%	-440.87%	-107.01%	106.33%	-8141.27%	69.8%
Net Income (Continuing)	-12.07M	-14.7M	952.89K	-3.32M	-6.87M	434.79K	-34.96M	-9.36M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	-34.23K	-141.28K	-218.94K	0	0	0	0	0
EPS (Diluted)	-0.27▲ 0%	-0.32▼ 18.5%	0.02▲ 106.4%	-0.07▼ 441.0%	-0.14▼ 100.3%	0.01▲ 107.0%	-0.77▼ 7957.1%	-0.20▲ 0%
EPS Growth %	-	-18.52%	106.41%	-440.98%	-100.29%	107%	-	71.39%
EPS (Basic)	-0.27	-0.32	0.02	-0.07	-0.15	0.01	-0.79	-
Diluted Shares Outstanding	44.98M	44.98M	47.5M	47.5M	47.5M	44.5M	45.16M	45.82M
Basic Shares Outstanding	44.98M	44.98M	47.5M	47.5M	44.5M	44.5M	44.34M	45.82M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

SMXT Balance Sheet

Solarmax Technology Inc. Common Stock (SMXT) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Current Assets	54.69M	70.6M	59.62M	42.48M	29.09M	19.92M	20.95M	42.06M
Cash & Short-Term Investments	26.88M	17.44M	21.74M	13.08M	3.82M	2.54M	7.12M	11.43M
Cash Only	26.88M	17.44M	21.74M	13.08M	3.82M	2.54M	786.33K	5.72M
Short-Term Investments	0	0	0	0	0	0	6.34M	5.71M
Accounts Receivable	22.75M	48.38M	32.05M	21.98M	18.42M	11.63M	9.39M	25.99M
Days Sales Outstanding	93.39	196.58	88.89	212.61	150.36	78.38	149.07	96.39
Inventory	4.5M	4.03M	2.1M	3.36M	3.4M	1.34M	1.3M	1.61M
Days Inventory Outstanding	20.97	18.24	6.65	38.53	33.38	11.39	23	14.51
Other Current Assets	7.05M	7.84M	3.74M	4.06M	3.44M	3.11M	2.47M	3.02M
Total Non-Current Assets	40.34M	40.42M	36.52M	29.54M	32.39M	28.73M	17.68M	16.6M
Property, Plant & Equipment	2.25M	1.72M	987.72K	650.61K	7.33M	5.7M	3.38M	2.18M
Fixed Asset Turnover	39.55x	52.35x	133.22x	58.01x	6.10x	9.49x	6.80x	18.27x
Goodwill	8.24M	7.8M	0	8.43M	7.77M	7.58M	0	0
Intangible Assets	0	0	8.21M	0	0	0	0	0
Long-Term Investments	28.06M	29.71M	27.08M	20.28M	9.05M	9.7M	10.02M	40.99M
Other Non-Current Assets	1.7M	1.16M	233.61K	156.62K	8.13M	5.75M	4.28M	15.9M
Total Assets	95.03M▲ 0%	111.02M▲ 16.8%	96.14M▼ 13.4%	72.02M▼ 25.1%	61.48M▼ 14.6%	48.66M▼ 20.9%	38.63M▼ 20.6%	58.66M▲ 0%
Asset Turnover	0.94x	0.81x	1.37x	0.52x	0.73x	1.11x	0.60x	1.17x
Asset Growth %	-	16.82%	-13.41%	-25.09%	-14.63%	-20.86%	-20.6%	-41.29%
Total Current Liabilities	37.87M	62.53M	69.32M	48.63M	46.51M	43.4M	34.74M	57.5M
Accounts Payable	12.54M	30.48M	22.39M	3.98M	2.23M	3.38M	2.67M	26.07M
Days Payables Outstanding	58.41	138.08	70.98	45.73	21.87	28.73	47.07	71.13
Short-Term Debt	18.28M	19.16M	29.16M	20.43M	18.83M	22.04M	18.03M	16.47M
Deferred Revenue (Current)	445.38K	750	1.8M	1.39M	9.41M	384.23K	1.62M	7.79M
Other Current Liabilities	4.95M	10.87M	9.94M	18.33M	2.39M	7.97M	3.28M	3.28M
Current Ratio	1.44x	1.13x	0.86x	0.87x	0.63x	0.46x	0.60x	0.60x
Quick Ratio	1.33x	1.06x	0.83x	0.80x	0.55x	0.43x	0.57x	0.57x
Cash Conversion Cycle	55.96	76.74	24.56	205.41	161.86	61.04	125	39.77
Total Non-Current Liabilities	45.91M	46.91M	32.25M	31.83M	31.17M	21.14M	18.97M	12.94M
Long-Term Debt	44.38M	45.16M	28.31M	28.1M	22.15M	14.27M	13.53M	9.7M
Capital Lease Obligations	0	0	0	0	5.47M	4.08M	1.71M	4.31M
Deferred Tax Liabilities	0	0	0	0	0	0	1.62M	5.42M
Other Non-Current Liabilities	834.22K	1.17M	3.45M	3.31M	3.55M	2.79M	2.11M	7.8M
Total Liabilities	83.78M	109.44M	101.57M	80.46M	77.69M	64.54M	53.71M	70.44M
Total Debt	62.66M	64.32M	57.47M	48.53M	47.98M	41.88M	34.84M	28.29M
Net Debt	35.77M	46.89M	35.74M	35.45M	44.16M	39.35M	34.06M	22.57M
Debt / Equity	5.57x	40.59x	-	-	-	-	-	-2.40x
Debt / EBITDA	-	-	11.00x	-	-	19.97x	-	0.02x
Net Debt / EBITDA	-	-	6.84x	-	-	18.76x	-	0.02x
Interest Coverage	-4.44x	-5.63x	1.17x	-3.11x	-4.36x	0.31x	-21.14x	-4.61x
Total Equity	11.26M▲ 0%	1.58M▼ 85.9%	-5.44M▼ 443.1%	-8.45M▼ 55.3%	-16.21M▼ 91.9%	-15.89M▲ 2.0%	-15.08M▲ 5.1%	-11.78M▲ 0%
Equity Growth %	-	-85.92%	-443.11%	-55.35%	-91.87%	1.97%	5.09%	-3051.91%
Book Value per Share	0.25	0.04	-0.11	-0.18	-0.34	-0.36	-0.33	-0.26
Total Shareholders' Equity	11.29M	1.73M	-5.22M	-8.45M	-16.21M	-15.89M	-15.08M	-11.78M
Common Stock	66.84K	68.73K	40.98K	40.98K	40.98K	40.98K	46.53K	55.56K
Retained Earnings	-35.74M	-50.34M	-58.87M	-62.19M	-69.06M	-68.62M	-103.59M	-109.04M
Treasury Stock	-1.8M	-1.8M	-1.81M	-1.81M	-1.81M	-1.81M	-1.98M	-1.98M
Accumulated OCI	-583.27K	-1.21M	-591.1K	-280.53K	-1.17M	-1.28M	-1.45M	-1.44M
Minority Interest	-34.23K	-141.28K	-218.94K	0	0	0	0	0

SMXT Cash Flow Statement

Solarmax Technology Inc. Common Stock (SMXT) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	-5.48M	-14.87M	-23.17M	-5.35M	-1.97M	3.81M	-9.13M	-9.13M
Operating CF Margin %	-6.16%	-16.56%	-17.61%	-14.18%	-4.41%	7.05%	-39.72%	-
Operating CF Growth %	-	-171.52%	-55.77%	76.9%	63.16%	293.5%	-339.33%	1643.44%
Net Income	-11.93M	-14.6M	952.89K	-3.32M	-6.87M	434.79K	-34.96M	-9.36M
Depreciation & Amortization	2.08M	618.8K	1.48M	359.86K	1.37M	1.61M	1.55M	1.58M
Stock-Based Compensation	0	0	22.5K	0	0	0	18.54M	520.72K
Deferred Taxes	564.4K	54.48K	1.22M	-444.7K	-92.74K	-84.19K	1.83M	852.3K
Other Non-Cash Items	14.29M	19.1M	562.61K	-3.2M	471.16K	-59.18K	7.91M	2.03M
Working Capital Changes	-125.61K	-6.26M	-27.4M	1.25M	3.15M	1.91M	-3.99M	6.09M
Change in Receivables	-2.13M	-33.45M	-21.49M	16.01M	4.02M	8.51M	3.04M	-14.79M
Change in Inventory	2.98M	383.78K	615.12K	-1.35M	-119.38K	1.95M	-7.1K	-98.43K
Change in Payables	-7.04M	20.52M	-1.65M	-18.67M	-2.58M	1.15M	-718.47K	23.26M
Cash from Investing	428.32K	648.34K	11.22M	2.03M	-280.52K	-6.55K	-6.32M	2.01M
Capital Expenditures	-281.32K	-422.46K	-107.1K	0	-83.47K	-28K	0	0
CapEx % of Revenue	0.32%	0.47%	0.08%	-	0.19%	0.05%	-	-
Acquisitions	133.83K	70.8K	11.36M	3.52M	0	0	0	0
Investments	-	-	-	-	-	-	-	-
Other Investing	183.81K	1M	-31.83K	-1.49M	-197.06K	21.45K	20.97K	1.94M
Cash from Financing	8.92M	5.46M	23.5M	-5.07M	-7.5M	-5.05M	13.31M	935.6K
Debt Issued (Net)	4.98M	1.56M	-1.64M	-5.33M	-7.14M	-4.85M	-4.65M	-2.77M
Equity Issued (Net)	1000K	1000K	1000K	0	0	0	1000K	2.87M
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0
Other Financing	-1.13M	-932.83K	1.44M	266.06K	-356.33K	-196.68K	-995.87K	-995.87K
Net Change in Cash	3.87M▲ 0%	-9.45M▼ 344.2%	11.55M▲ 222.3%	-8.45M▼ 173.1%	-9.23M▼ 9.3%	-1.28M▲ 86.2%	-1.83M▼ 43.6%	4.85M▲ 0%
Free Cash Flow	-5.76M▲ 0%	-15.29M▼ 165.6%	-23.27M▼ 52.2%	-5.35M▲ 77.0%	-2.06M▲ 61.6%	3.79M▲ 284.3%	-9.13M▼ 341.1%	1.71M▲ 0%
FCF Margin %	-6.48%	-17.03%	-17.69%	-14.18%	-4.6%	6.99%	-39.72%	3.35%
FCF Growth %	-	-165.6%	-52.16%	77.01%	61.6%	284.27%	-341.1%	151.09%
FCF per Share	-0.13	-0.34	-0.49	-0.11	-0.04	0.09	-0.20	-0.20
FCF Conversion (FCF/Net Income)	0.46x	1.02x	-23.78x	1.61x	0.29x	8.77x	0.26x	-0.18x
Interest Paid	1.75M	2.06M	3.44M	0	1.63M	1.09M	1.36M	946.54K
Taxes Paid	80.38K	196.28K	11.41K	371.7K	4.52K	177.38K	158.79K	171.03K

SMXT Key Ratios

Solarmax Technology Inc. Common Stock (SMXT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2018	2020	2021	2022	2023	2024	TTM
Return on Equity (ROE)	-227.38%	-	-	-	-	-	64.7%
Return on Invested Capital (ROIC)	-17.2%	7.12%	-16.23%	-21.75%	1.41%	-117.02%	-117.02%
Gross Margin	10.3%	12.5%	15.76%	16.73%	20.59%	10.07%	7.7%
Net Margin	-16.25%	0.74%	-8.8%	-15.37%	0.8%	-152.1%	-18.4%
Debt / Equity	40.59x	-	-	-	-	-	-2.40x
Interest Coverage	-5.63x	1.17x	-3.11x	-4.36x	0.31x	-21.14x	-4.61x
FCF Conversion	1.02x	-23.78x	1.61x	0.29x	8.77x	0.26x	-0.18x
Revenue Growth	1.01%	46.48%	-71.32%	18.49%	21.07%	-57.54%	76.6%

SMXT Frequently Asked Questions

Solarmax Technology Inc. Common Stock (SMXT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Solarmax Technology Inc. Common Stock (SMXT) reported $50.9M in revenue for fiscal year 2024. This represents a 43% decrease from $88.9M in 2017.

Solarmax Technology Inc. Common Stock (SMXT) saw revenue decline by 57.5% over the past year.

Solarmax Technology Inc. Common Stock (SMXT) reported a net loss of $9.4M for fiscal year 2024.

Dividend & Returns

Solarmax Technology Inc. Common Stock (SMXT) generated $1.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Solarmax Technology Inc. Common Stock (SMXT) financial analysis — history, returns, DCA and operating performance tools

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Dividend History

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Earnings History

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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Solarmax Technology Inc. Common Stock(SMXT)Earnings, Financials & Key Ratios

SMXT Key Insights

✓Strengths

✗Weaknesses

SMXT Price & Volume

SMXT Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

SMXT Peer Comparison

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