SolarMax Technology (SMXT) Interest Expenses (2022 - 2026)
SolarMax Technology (SMXT) posted quarterly Interest Expenses of $398461.0 for Q1 2026, up 1.64% year-over-year from $392047.0 in Q1 2025, and down 35.96% quarter-over-quarter from $622246.0 in Q4 2025.
SolarMax Technology (SMXT) Interest Expenses (2022 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has reported Interest Expenses for 5 consecutive years, with $398461.0 the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Expenses rose 1.64% year-over-year to $398461.0; the TTM figure through Mar 2026 stood at $1.6 million (down 4.63% YoY), while the FY2025 annual figure was $1.4 million, down 94.53% from the prior year.
- Interest Expenses eased to $398461.0 in Q1 2026 per SMXT's latest filing, from $622246.0 in the prior quarter.
- Across five years, Interest Expenses topped out at $1.9 million in Q4 2022 and bottomed at $241000.0 in Q3 2024.
- Historically, Interest Expenses has averaged $525221.4 across 5 years, with a median of $373948.5 in 2025.
- Annual changes were most pronounced in 2023 — Interest Expenses plunged 64.43% — and 2024, when it surged 54.66%.
- SolarMax Technology's Interest Expenses stood at $1.9 million in 2022, then slumped by 64.43% to $669360.0 in 2023, then gained by 24.71% to $834732.0 in 2024, then decreased by 25.46% to $622246.0 in 2025, then plunged by 35.96% to $398461.0 in 2026.
- Business Quant data shows SMXT's Interest Expenses at $398461.0 in Q1 2026, $622246.0 in Q4 2025, and $355850.0 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 5.56 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 327,000.00 |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | - |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 12.38 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 3.47 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | -48.46 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 5.79 Mn |
| 10 | SolarMax Technology | 16.01 Mn | 11.42 Mn | 3.05 Mn | 298,065.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 398,461.00 |
| Mar 31, 2026 | 398,461.00 |
| Dec 31, 2025 | 622,246.00 |
| Dec 31, 2025 | 622,246.00 |
| Sep 30, 2025 | 355,850.00 |
| Sep 30, 2025 | 355,850.00 |
| Jun 30, 2025 | 254,000.00 |
| Jun 30, 2025 | 254,000.00 |
| Mar 31, 2025 | 392,047.00 |
| Mar 31, 2025 | 392,047.00 |
| Dec 31, 2024 | 834,732.00 |
| Dec 31, 2024 | 834,732.00 |
| Sep 30, 2024 | 241,000.00 |
| Sep 30, 2024 | 241,000.00 |
| Jun 30, 2024 | 242,000.00 |
| Jun 30, 2024 | 242,000.00 |
| Mar 31, 2024 | 540,248.00 |
| Mar 31, 2024 | 540,248.00 |
| Dec 31, 2023 | 669,360.00 |
| Dec 31, 2023 | 669,360.00 |