SolarMax Technology (SMXT) Invested Capital (2022 - 2026)
SolarMax Technology (SMXT) posted quarterly Invested Capital of $18.1 million for Q1 2026, down 13.81% year-over-year from $21.0 million in Q1 2025, and up 229.09% quarter-over-quarter from $5.5 million in Q4 2025.
SolarMax Technology (SMXT) Invested Capital (2022 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has reported Invested Capital for 5 consecutive years, with $18.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Invested Capital fell 13.81% year-over-year to $18.1 million; the TTM figure through Mar 2026 stood at $50.0 million (up 30.08% YoY), while the FY2025 annual figure was $5.5 million, up 2.64% from the prior year.
- Invested Capital grew to $18.1 million in Q1 2026 per SMXT's latest filing, from $5.5 million in the prior quarter.
- Across five years, Invested Capital topped out at $21.0 million in Q1 2025 and bottomed at $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.
- Annual changes were most pronounced in 2023 — Invested Capital tumbled 80.95% — and 2025, when it jumped 620.69%.
- SolarMax Technology's Invested Capital stood at $10.5 million in 2022, then sank by 80.95% to $2.0 million in 2023, then surged by 167.93% to $5.4 million in 2024, then increased by 2.64% to $5.5 million in 2025, then soared by 229.09% to $18.1 million in 2026.
- Business Quant data shows SMXT's Invested Capital at $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 | 23.03 Bn | 21.30 Bn | 605.00 Mn | 37.64 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | - |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 513.40 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 2.39 Bn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 10.98 Mn |
| 10 | SolarMax Technology | 16.01 Mn | 11.42 Mn | 3.05 Mn | 18.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |