SolarMax Technology (SMXT) Net Income (2023 - 2026)
SolarMax Technology (SMXT) posted quarterly Net Income of -$306684.0 for Q1 2026, up 76.34% year-over-year from -$173915.8 in Q1 2025, and up 64.84% quarter-over-quarter from -$872245.0 in Q4 2025.
SolarMax Technology (SMXT) Net Income (2023 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has reported Net Income for 4 consecutive years, with -$306684.0 the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Income rose 76.34% year-over-year to -$306684.0; the TTM figure through Mar 2026 stood at -$5.3 million (up 68.59% YoY), while the FY2025 annual figure was -$6.3 million, up 81.91% from the prior year.
- Net Income climbed to -$306684.0 in Q1 2026 per SMXT's latest filing, from -$872245.0 in the prior quarter.
- Across five years, Net Income topped out at $1.5 million in Q3 2023 and bottomed at -$19.3 million in Q1 2024.
- Historically, Net Income has averaged -$3.2 million across 4 years, with a median of -$1.9 million in 2023.
- Annual changes were most pronounced in 2024 — Net Income plunged 550677.57% — and 2025, when it surged 93.27%.
- SolarMax Technology's Net Income stood at $709.0 in 2023, then slumped by 550677.57% to -$3.9 million in 2024, then surged by 77.66% to -$872245.0 in 2025, then surged by 64.84% to -$306684.0 in 2026.
- Business Quant data shows SMXT's Net Income at -$306684.0 in Q1 2026, -$872245.0 in Q4 2025, and -$2.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 422.57 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 165.36 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 36.08 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | -208.17 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -30.75 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 12.14 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 130.80 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | -228.75 Mn |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 24.32 Mn |
| 10 | SolarMax Technology | 16.01 Mn | 11.42 Mn | 3.05 Mn | -306,684.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -306,684.00 |
| Dec 31, 2025 | -872,245.00 |
| Sep 30, 2025 | -2.26 Mn |
| Jun 30, 2025 | -1.90 Mn |
| Mar 31, 2025 | -1.30 Mn |
| Dec 31, 2024 | -3.90 Mn |
| Sep 30, 2024 | -9.62 Mn |
| Jun 30, 2024 | -2.16 Mn |
| Mar 31, 2024 | -19.27 Mn |
| Dec 31, 2023 | 709.00 |
| Sep 30, 2023 | 1.47 Mn |
| Jun 30, 2023 | -1.86 Mn |
| Mar 31, 2023 | 742,815.00 |