SolarMax Technology (SMXT) Invested Capital (2022 - 2026)
SolarMax Technology (SMXT) reported Invested Capital of $13.1 million for Q1 2026, up 254.33% year-over-year from $3.7 million in Q1 2025, and down 2.22% on a QoQ basis from $13.4 million in Q4 2025.
SolarMax Technology (SMXT) has 5 years of Invested Capital data on file, last reported at $13.1 million in Q1 2026.
- Quarterly Invested Capital rose 254.33% year-over-year to $13.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $13.1 million (up 254.33% YoY) and the FY2025 annual result came in at $13.4 million, up 210.35% from the prior year.
- Invested Capital fell to $13.1 million in Q1 2026 per SMXT's latest filing, from $13.4 million in the prior quarter.
- Across five years, Invested Capital topped out at $13.4 million in Q4 2025 and bottomed at -$17.7 million in Q2 2023.
- The 5-year median for Invested Capital is -$8.1 million (2025), against an average of -$4.8 million.
- The widest annual swing landed in 2025, when Invested Capital plunged 9113.32%; it then jumped 254.33% in 2026.
- Tracing SMXT's Invested Capital over 5 years: stood at -$14.2 million in 2022, then grew by 2.02% to -$13.9 million in 2023, then grew by 12.3% to -$12.2 million in 2024, then jumped by 210.35% to $13.4 million in 2025, then fell by 2.22% to $13.1 million in 2026.
- Per Business Quant, the three latest SMXT Invested Capital figures stand at $13.1 million (Q1 2026), $13.4 million (Q4 2025), and -$6.3 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 10.21 Bn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 2.33 Bn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 9.95 Bn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 1.67 Bn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 410.72 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 3.63 Bn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 601.65 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 106.71 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 3.94 Bn |
| 10 | SolarMax Technology | 30.01 Mn | 25.71 Mn | 3.05 Mn | 13.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.14 Mn |
| Dec 31, 2025 | -1.71 Mn |
| Sep 30, 2025 | 4.72 Mn |
| Jun 30, 2025 | -7.75 Mn |
| Mar 31, 2025 | -12.97 Mn |
| Dec 31, 2024 | -9.72 Mn |
| Sep 30, 2024 | 8.96 Mn |
| Jun 30, 2024 | 3.54 Mn |
| Mar 31, 2024 | 8.77 Mn |
| Dec 31, 2023 | -13.89 Mn |
| Sep 30, 2023 | -16.30 Mn |
| Jun 30, 2023 | -17.72 Mn |
| Mar 31, 2023 | -15.24 Mn |
| Dec 31, 2022 | -14.17 Mn |