SolarMax Technology (SMXT) Notes Payables (2022 - 2026)
SolarMax Technology (SMXT) posted quarterly Notes Payables of $14.0 million for Q1 2026, up 31.06% year-over-year from $10.7 million in Q1 2025, and down 4.1% quarter-over-quarter from $14.6 million in Q4 2025.
SolarMax Technology (SMXT) Notes Payables (2022 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has reported Notes Payables for 5 consecutive years, with $14.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Notes Payables rose 31.06% year-over-year to $14.0 million; the TTM figure through Mar 2026 stood at $14.0 million (up 31.06% YoY), while the FY2025 annual figure was $14.6 million, up 49.95% from the prior year.
- Notes Payables retreated to $14.0 million in Q1 2026 per SMXT's latest filing, from $14.6 million in the prior quarter.
- Across five years, Notes Payables topped out at $14.6 million in Q4 2025 and bottomed at $6.3 million in Q4 2022.
- Historically, Notes Payables has averaged $10.4 million across 5 years, with a median of $10.2 million in 2024.
- Annual changes were most pronounced in 2024 — Notes Payables increased 12.56% — and 2025, when it jumped 49.95%.
- SolarMax Technology's Notes Payables stood at $6.3 million in 2022, then jumped by 37.78% to $8.7 million in 2023, then climbed by 12.56% to $9.8 million in 2024, then soared by 49.95% to $14.6 million in 2025, then declined by 4.1% to $14.0 million in 2026.
- Business Quant data shows SMXT's Notes Payables at $14.0 million in Q1 2026, $14.6 million in Q4 2025, and $11.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn |
| 10 | SolarMax Technology | 16.52 Mn | 11.93 Mn | 3.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.05 Mn |
| Dec 31, 2025 | 14.65 Mn |
| Sep 30, 2025 | 10.97 Mn |
| Jun 30, 2025 | 11.54 Mn |
| Mar 31, 2025 | 10.72 Mn |
| Dec 31, 2024 | 9.77 Mn |
| Jun 30, 2024 | 8.68 Mn |
| Mar 31, 2024 | 8.58 Mn |
| Dec 31, 2023 | 8.68 Mn |
| Dec 31, 2022 | 6.30 Mn |