SolarMax Technology (SMXT) Operating Expenses (2023 - 2026)
SolarMax Technology (SMXT) posted quarterly Operating Expenses of $3.0 million for Q1 2026, up 14.6% year-over-year from $2.6 million in Q1 2025, and up 17.35% quarter-over-quarter from $2.5 million in Q4 2025.
SolarMax Technology (SMXT) Operating Expenses (2023 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has reported Operating Expenses for 4 consecutive years, with $3.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 14.6% year-over-year to $3.0 million; the TTM figure through Mar 2026 stood at $10.9 million (down 44.31% YoY), while the FY2025 annual figure was $10.5 million, down 70.28% from the prior year.
- Operating Expenses climbed to $3.0 million in Q1 2026 per SMXT's latest filing, from $2.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $18.4 million in Q1 2024 and bottomed at $1.5 million in Q1 2023.
- Historically, Operating Expenses has averaged $4.6 million across 4 years, with a median of $3.0 million in 2024.
- Annual changes were most pronounced in 2024 — Operating Expenses jumped 1091.9% — and 2025, when it sank 86.02%.
- SolarMax Technology's Operating Expenses stood at $3.0 million in 2023, then slipped by 9.04% to $2.7 million in 2024, then dropped by 7.89% to $2.5 million in 2025, then grew by 17.35% to $3.0 million in 2026.
- Business Quant data shows SMXT's Operating Expenses at $3.0 million in Q1 2026, $2.5 million in Q4 2025, and $3.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 154.62 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 144.95 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 123.50 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 835.20 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 111.20 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 30.80 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 188.46 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -232.93 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 64.84 Mn |
| 10 | SolarMax Technology | 16.52 Mn | 11.93 Mn | 3.05 Mn | 2.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.95 Mn |
| Dec 31, 2025 | 2.51 Mn |
| Sep 30, 2025 | 3.06 Mn |
| Jun 30, 2025 | 2.37 Mn |
| Mar 31, 2025 | 2.57 Mn |
| Dec 31, 2024 | 2.73 Mn |
| Sep 30, 2024 | 11.28 Mn |
| Jun 30, 2024 | 2.99 Mn |
| Mar 31, 2024 | 18.42 Mn |
| Dec 31, 2023 | 3.00 Mn |
| Sep 30, 2023 | 3.13 Mn |
| Jun 30, 2023 | 2.99 Mn |
| Mar 31, 2023 | 1.55 Mn |