Solarmax Technology Inc. Common Stock (SMXT) Revenue History
Annual and quarterly revenue from 2017 to 2024
Compound Annual Growth Rate (CAGR)
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SMXT Revenue Growth
Revenue Breakdown
SMXT's revenue distribution by segment and geography
By Geography
SMXT Revenue Analysis (2017–2024)
As of May 8, 2026, Solarmax Technology Inc. Common Stock (SMXT) generated trailing twelve-month (TTM) revenue of $50.9 million, reflecting explosive growth of +383.3% year-over-year. The most recent quarter (Q3 2025) recorded $30.6 million in revenue, up 344.6% sequentially.
Looking at the longer-term picture, SMXT's historical revenue data shows a 3-year CAGR of -15.2%. The company achieved its highest annual revenue of $131.6 million in 2020.
When compared to Energy sector peers including RUN (+52.4% YoY), SPWR (+73.3% YoY), and SHLS (+37.8% YoY), SMXT has outperformed the peer group in terms of revenue growth. Compare SMXT vs RUN →
SMXT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SMXTCurrent | $51M | +383.3% | - | -144.0% | |
 RUN | $3.0B | +52.4% | +26.2% | -4.3% | |
 SPWR | $309M | +73.3% | +59.2% | -2.0% | |
 SHLS | $475M | +37.8% | +22.0% | 11.9% | |
 ARRY | $1.3B | +13.2% | +8.0% | 6.6% | |
 SEDG | $1.2B | +39.2% | -4.1% | -24.1% |
SMXT Historical Revenue Data (2017–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $23.0M | -57.5% | $2.3M | 10.1% | $-33,103,548 | -144.0% |
| 2023 | $54.1M | +21.1% | $11.1M | 20.6% | $484K | 0.9% |
| 2022 | $44.7M | +18.5% | $7.5M | 16.7% | $-7,969,812 | -17.8% |
| 2021 | $37.7M | -71.3% | $5.9M | 15.8% | $-6,200,565 | -16.4% |
| 2020 | $131.6M | +46.5% | $16.4M | 12.5% | $3.7M | 2.8% |
| 2018 | $89.8M | +1.0% | $9.3M | 10.3% | $-10,950,120 | -12.2% |
| 2017 | $88.9M | - | $10.6M | 11.9% | $-8,216,749 | -9.2% |
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Start ComparisonSMXT — Frequently Asked Questions
Quick answers to the most common questions about buying SMXT stock.
Is SMXT's revenue growth accelerating or slowing?
SMXT revenue is accelerating at +383.3% year-over-year, exceeding the 5-year CAGR of N/A. TTM revenue reached $51M. Growth momentum has increased versus prior periods.
What is SMXT's long-term revenue growth rate?
Solarmax Technology Inc. Common Stock's 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +383.3% is above this long-term average.
How is SMXT's revenue distributed by segment?
SMXT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2024 are available for download. Segment mix reveals concentration and diversification trends.