SolarMax Technology (SMXT) Convertible Debt (2022 - 2026)
SolarMax Technology (SMXT) posted quarterly Convertible Debt of $1.3 million for Q1 2026, down 76.23% year-over-year from $5.6 million in Q1 2025, and up 288.95% quarter-over-quarter from $339882.0 in Q4 2025.
SolarMax Technology (SMXT) Convertible Debt (2022 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has reported Convertible Debt for 5 consecutive years, with $1.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Convertible Debt fell 76.23% year-over-year to $1.3 million; the TTM figure through Mar 2026 stood at $1.3 million (down 76.23% YoY), while the FY2025 annual figure was $339882.0, down 94.8% from the prior year.
- Convertible Debt rose to $1.3 million in Q1 2026 per SMXT's latest filing, from $339882.0 in the prior quarter.
- Across five years, Convertible Debt topped out at $16.0 million in Q2 2024 and bottomed at $339882.0 in Q4 2025.
- Historically, Convertible Debt has averaged $6.6 million across 5 years, with a median of $6.4 million in 2024.
- Annual changes were most pronounced in 2024 — Convertible Debt decreased 10.17% — and 2025, when it plunged 94.8%.
- SolarMax Technology's Convertible Debt stood at $13.3 million in 2022, then sank by 45.32% to $7.3 million in 2023, then declined by 10.17% to $6.5 million in 2024, then slumped by 94.8% to $339882.0 in 2025, then jumped by 288.95% to $1.3 million in 2026.
- Business Quant data shows SMXT's Convertible Debt at $1.3 million in Q1 2026, $339882.0 in Q4 2025, and $4.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 23.35 Bn | 21.62 Bn | 605.00 Mn |
| 2 | Nextpower | 13.27 Bn | 12.06 Bn | 335.85 Mn |
| 3 | Enphase Energy | 5.16 Bn | 4.22 Bn | 175.01 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn |
| 5 | Solaredge Technologies | 1.91 Bn | 1.33 Bn | 95.15 Mn |
| 6 | Shoals Technologies | 1.22 Bn | 1.21 Bn | 49.53 Mn |
| 7 | Canadian Solar | 990.32 Mn | -597.97 Mn | 124.40 Mn |
| 8 | JinkoSolar Holding | 843.95 Mn | -2.46 Bn | 147.66 Mn |
| 9 | Array Technologies | 730.09 Mn | 422.79 Mn | 99.60 Mn |
| 10 | SolarMax Technology | 16.47 Mn | 11.88 Mn | 3.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.32 Mn |
| Dec 31, 2025 | 339,882.00 |
| Sep 30, 2025 | 4.70 Mn |
| Jun 30, 2025 | 4.57 Mn |
| Mar 31, 2025 | 5.56 Mn |
| Dec 31, 2024 | 6.53 Mn |
| Sep 30, 2024 | 6.78 Mn |
| Jun 30, 2024 | 16.05 Mn |
| Mar 31, 2024 | 6.36 Mn |
| Dec 31, 2023 | 7.27 Mn |
| Dec 31, 2022 | 13.30 Mn |