SolarMax Technology (SMXT) Invested Capital (2022 - 2026)

SolarMax Technology's (SMXT) quarterly Invested Capital came in at $18.1 million in Q1 2026, down 13.81% year-on-year from $21.0 million in Q1 2025, and up 229.09% on a QoQ basis from $5.5 million in Q4 2025.

SolarMax Technology (SMXT) Invested Capital (2022 - 2026) Analysis & Trends

SolarMax Technology (SMXT) has 5 years of Invested Capital data on file, last reported at $18.1 million in Q1 2026.

  • On a quarterly basis, Invested Capital fell 13.81% year-over-year to $18.1 million in Q1 2026; TTM through Mar 2026 was $50.0 million, a 30.08% increase from a year earlier, with the FY2025 full-year figure at $5.5 million, up 2.64% from the prior year.
  • Invested Capital for Q1 2026 stood at $18.1 million, up from $5.5 million in the prior quarter.
  • Over the last five years, Invested Capital for SMXT reached as high as $21.0 million in Q1 2025 and fell as low as $2.0 million in Q4 2023.
  • Historically, Invested Capital has averaged $10.0 million across 5 years, with a median of $9.2 million in 2024.
  • Across the five-year window, Invested Capital sank 80.95% in 2023 and surged 620.69% in 2025, its largest moves.
  • Year by year, Invested Capital stood at $10.5 million in 2022, then sank by 80.95% to $2.0 million in 2023, then jumped by 167.93% to $5.4 million in 2024, then gained by 2.64% to $5.5 million in 2025, then surged by 229.09% to $18.1 million in 2026.
  • Per Business Quant data, the three most recent Invested Capital figures were $18.1 million in Q1 2026, $5.5 million in Q4 2025, and $5.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 188.59 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn -
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn -
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 291.19 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn -
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 2.39 Bn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 10.25 Mn
10 SolarMax Technology 18.57 Mn 13.99 Mn 3.05 Mn 18.10 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 18.10 Mn
Dec 31, 2025 5.50 Mn
Sep 30, 2025 5.50 Mn
Jun 30, 2025 20.90 Mn
Mar 31, 2025 21.00 Mn
Dec 31, 2024 5.36 Mn
Sep 30, 2024 9.18 Mn
Jun 30, 2024 2.90 Mn
Mar 31, 2024 9.36 Mn
Dec 31, 2023 2.00 Mn
Dec 31, 2022 10.50 Mn