Growth & profitability
- Revenue has grown 26.7% per year over the past 3 years.
- Operating margin has expanded, at -6.9% in the latest year.
Financial health
- Operating income covered interest expense -4.6× in the latest year.
SMXT Financials SolarMax Technology, Inc.
4 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $91M | -$6M | 4.6% | -6.9% | — | — | $8M |
| 2024 | $23M | -$35M | 10.1% | -144.0% | -$9M | — | $786333 |
| 2023 | $54M | $434786 | 20.6% | 0.9% | $4M | — | $3M |
| 2022 | $45M | -$7M | 16.7% | -17.8% | -$2M | — | $4M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $15M | -$306684 | 20.5% | 0.6% | — | — | $4M |
| Dec '25 | $47M | -$872245 | 2.7% | -2.7% | — | — | $8M |
| Sep '25 | $31M | -$2M | 3.1% | -6.9% | — | — | $6M |
| Jun '25 | $7M | -$2M | 8.8% | -25.7% | — | — | $2M |
| Mar '25 | $7M | -$1M | 20.5% | -16.7% | — | — | $596251 |
| Dec '24 | $6M | -$4M | 14.5% | -27.9% | -$1M | — | $786333 |
| Sep '24 | $6M | -$10M | 19.9% | -158.4% | $203618 | — | $871415 |
| Jun '24 | $4M | -$2M | 13.2% | -53.9% | — | — | $1M |
| Mar '24 | $6M | -$19M | -8.1% | -327.6% | — | — | $5M |
| Dec '23 | $12M | $84903 | 24.1% | -0.4% | $4M | — | $3M |
| Sep '23 | $14M | $1M | 28.4% | 6.4% | $994590 | — | $3M |
| Jun '23 | $15M | -$2M | 14.1% | -6.2% | — | — | $3M |
| Mar '23 | $13M | $742815 | 16.1% | 4.1% | — | — | $8M |
Valuation over time
How the market has priced SMXT against its own fundamentals since 2024-02 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 641.3× (Feb '24) to 226.4× (Nov '24).
- The price-to-sales ratio has fallen from 5.2× (Feb '24) to 0.2× (Jun '26).
P/E
P/S
Frequently asked questions
Is SMXT growing its revenue and profit?
Over the past 3 years, SolarMax Technology, Inc.'s revenue has grown 26.7% per year. These are computed facts, not advice.
How much debt does SMXT have?
As of FY2025, SolarMax Technology, Inc. reported — of total debt against $8M of cash; operating income covered interest expense -4.6×.
What is SMXT's profit margin?
In FY2025, gross margin was 4.6%, operating margin -6.9%, and net margin -7.0%.
What is SMXT's P/E ratio?
As of Jun '26, SolarMax Technology, Inc. traded at a price-to-earnings ratio of about 226.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.