SolarMax Technology (SMXT) Cost of Revenue (2023 - 2026)

SolarMax Technology (SMXT) has reported Cost of Revenue for 4 consecutive years, with $11.8 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 113.93% year-over-year to $11.8 million; the TTM figure through Mar 2026 stood at $133.2 million (up 567.4% YoY), while the FY2025 annual figure was $86.8 million, up 319.66% from the prior year.
• Cost of Revenue declined to $11.8 million in Q1 2026 per SMXT's latest filing, from $85.5 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $85.5 million in Q4 2025 and bottomed at $3.9 million in Q2 2024.
• Historically, Cost of Revenue has averaged $15.6 million across 4 years, with a median of $9.3 million in 2023.
• Annual changes were most pronounced in 2024 — Cost of Revenue plunged 69.49% — and 2025, when it jumped 1452.74%.
• SolarMax Technology's Cost of Revenue stood at $9.3 million in 2023, then plunged by 40.8% to $5.5 million in 2024, then surged by 1452.74% to $85.5 million in 2025, then sank by 86.21% to $11.8 million in 2026.
• Business Quant data shows SMXT's Cost of Revenue at $11.8 million in Q1 2026, $85.5 million in Q4 2025, and $29.6 million in Q3 2025.