SolarMax Technology (SMXT) Operating Expenses (2023 - 2026)

SolarMax Technology (SMXT) has reported Operating Expenses for 4 consecutive years, with $3.0 million the latest figure, recorded in Q1 2026.

• On a quarterly basis, Operating Expenses rose 14.6% year-over-year to $3.0 million in Q1 2026; TTM through Mar 2026 was $10.9 million, a 44.31% decrease from a year earlier, with the FY2025 full-year figure at $10.5 million, down 70.28% from the prior year.
• Operating Expenses was $3.0 million for Q1 2026 at SolarMax Technology, up from $2.5 million in the prior quarter.
• Over five years, Operating Expenses peaked at $18.4 million in Q1 2024 and troughed at $1.5 million in Q1 2023.
• A 4-year average of $4.6 million and a median of $3.0 million in 2024 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses soared 1091.9% in 2024 and slumped 86.02% in 2025, its largest moves.
• Over 4 years, Operating Expenses stood at $3.0 million in 2023, then retreated by 9.04% to $2.7 million in 2024, then decreased by 7.89% to $2.5 million in 2025, then advanced by 17.35% to $3.0 million in 2026.
• The last three Operating Expenses figures came in at $3.0 million (Q1 2026), $2.5 million (Q4 2025), and $3.1 million (Q3 2025), per Business Quant data.