Saturday 17 October 2026
Export SMXT’s income statement to Excel — free account
Solarmax Technology, Inc.
SMXT Technology Solar
Solarmax Technology, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $91.0 million, up 295.8% from fiscal 2024. In the quarter to June 2026, revenue grew 48.8%, EPS fell 104.5%, free cash flow fell 539.2% and total debt fell 20.0%, each against the same quarter a year earlier.
4.97
0.19
−3.68%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | — | 7.20 | 8.78 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | — | — | 190.56 | 30.00 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | 117 | 79 | 76 | 72 | ||||
| Revenue/emp, $m | — | — | — | — | — | — | 0.38 | 0.69 | 0.30 | 1.26 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | 45 | 54 | 23 | 91 | ||||
| Gross margin, % | — | — | — | — | — | — | 16.73 | 20.59 | 10.07 | 4.65 | |||||
| EBT | — | — | — | — | — | — | (7) | 0 | (33) | (7) | |||||
| EBT margin, % | — | — | — | — | — | — | (15.28) | 0.68 | (144.86) | (8.20) | |||||
| Net income | — | — | — | — | — | — | (7) | 0 | (35) | (6) | |||||
| Depreciation | — | — | — | — | — | — | 1 | 2 | 9 | 2 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | 13.51 | 16.36 | 6.22 | 21.85 | ||||
| Earnings | — | — | — | — | — | — | (2.08) | 0.12 | (9.48) | (1.56) | |||||
| Cash flow | — | — | — | — | — | — | (0.60) | 1.24 | (2.47) | 0.12 | |||||
| Capex | — | — | — | — | — | — | 0.00 | 0.00 | 0.01 | 0.00 | |||||
| Free cash flow | — | — | — | — | — | — | (0.59) | 1.23 | (2.47) | 0.12 | |||||
| Book value | — | — | — | — | — | — | (4.90) | (4.80) | (4.08) | (2.93) | |||||
| Shares, m | — | — | — | — | — | — | 3 | 3 | 4 | 4 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | 731.15 | 731.15 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | — | 5.87 | 5.87 | 3.12 | 0.45 | |||||
| P/B | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | — | — | — | — | — | — | 6.49 | 6.49 | 4.19 | 0.64 | |||||
| EV/FCF | — | — | — | — | — | — | 84.09 | 84.09 | (10.57) | 111.77 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | (2) | 4 | (9) | 0 | ||||
| Capex | — | — | — | — | — | — | 0 | 0 | 0 | — | |||||
| Free cash flow | — | — | — | — | — | — | (2) | 4 | (9) | 0 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | (17) | (23) | (14) | (20) | ||||
| Total debt | — | — | — | — | — | — | 41 | 36 | 32 | 25 | |||||
| Net debt | — | — | — | — | — | — | 37 | 34 | 24 | 17 | |||||
| Shareholders’ equity | — | — | — | — | — | — | (16) | (16) | (15) | (12) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | 0.00 | 0.79 | (80.11) | (9.74) | ||||
| ROIC | — | — | — | — | — | — | (23.77) | 1.69 | (221.13) | (82.15) | |||||
| ROE | — | — | — | — | — | — | 0.00 | (2.71) | 225.81 | 46.36 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 13 Oct 2026
Charts ten years each
Solarmax Technology, Inc. vs peers in Solar (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PN PN Smart Energy Limited | $32.9M | — | — | — | — | — | — | — | Compare |
| FTCI FTC Solar, Inc. | $30.3M | — (loss-making) | 5.1× | +30.83% (above 0%: growing) | n/m | +428.99% (above 0%: growing) | (8.54%) | (52.48%) | Compare |
| SPRU Spruce Power Holding Corporation | $28.1M | — (loss-making) | — (loss-making) | −8.75% (below 0%: shrinking) | n/m | −43.41% (below 0%: shrinking) | 67.84% | 32.21% | Compare |
| SMXT Solarmax Technology, Inc. | $24.5M | — (loss-making) | — | +48.82% (above 0%: growing) | n/m | −539.19% (below 0%: shrinking) | 23.56% | (43.53%) | |
| SPIEQ SPI Energy Co., Ltd. | $24.2M | — (loss-making) | — (loss-making) | +30.66% (above 0%: growing) | n/m | +270.79% (above 0%: growing) | 13.35% | 1.72% | Compare |
| BEEM Beam Global | $21.7M | — (loss-making) | — (loss-making) | +21.02% (above 0%: growing) | n/m | −141.34% (below 0%: shrinking) | 17.83% | (34.99%) | Compare |
| ASTI Ascent Solar Technologies Inc. | $18.6M | — (loss-making) | — (loss-making) | +460.00% (above 0%: growing) | n/m | +1.36% (above 0%: growing) | (68.91%) | (2,043.59%) | Compare |
| ZEO Zeo Energy Corp. | $18.2M | — (loss-making) | — | −10.68% (below 0%: shrinking) | n/m | +75.65% (above 0%: growing) | 47.15% | (18.49%) | Compare |
| SUNE SUNation Energy Inc. | $14.1M | — (loss-making) | — (loss-making) | −37.52% (below 0%: shrinking) | n/m | −692.81% (below 0%: shrinking) | 26.09% | (39.00%) | Compare |
| Median of peers | $23.0M | — | — | +21.02% | — | +1.36% | 17.83% | (34.99%) |
Solarmax Technology, Inc. (SMXT) key facts
- Strength: Solarmax Technology, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $91.0 million, up 295.8% from fiscal 2024.
- Solarmax Technology, Inc. (SMXT) is a Solar company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, SMXT traded at $4.97, a market capitalization of $24.5 million.
- Return on equity was 46.4% and debt-to-equity -1.51.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is −0.95 (distress zone) for fiscal 2025.