SolarMax Technology (SMXT) Operating Leases (2022 - 2026)

SolarMax Technology's (SMXT) quarterly Operating Leases came in at $10.9 million in Q1 2026, up 274.77% year-on-year from $2.9 million in Q1 2025, and up 412.84% on a QoQ basis from $2.1 million in Q3 2025.

SolarMax Technology (SMXT) Operating Leases (2022 - 2026) Analysis & Trends

SolarMax Technology (SMXT) has 5 years of Operating Leases data on file, last reported at $10.9 million in Q1 2026.

  • On a quarterly basis, Operating Leases rose 274.77% year-over-year to $10.9 million in Q1 2026; TTM through Mar 2026 was $10.9 million, a 274.77% increase from a year earlier, with the FY2024 full-year figure at $1.7 million, down 58.02% from the prior year.
  • Operating Leases for Q1 2026 stood at $10.9 million, up from $2.1 million in the prior quarter.
  • Over the last five years, Operating Leases for SMXT reached as high as $10.9 million in Q1 2026 and fell as low as $868974.0 in Q2 2025.
  • Historically, Operating Leases has averaged $3.7 million across 5 years, with a median of $2.9 million in 2024.
  • Across the five-year window, Operating Leases tumbled 65.43% in 2025 and surged 274.77% in 2026, its largest moves.
  • Year by year, Operating Leases stood at $5.5 million in 2022, then decreased by 25.43% to $4.1 million in 2023, then plunged by 58.02% to $1.7 million in 2024, then gained by 23.83% to $2.1 million in 2025, then jumped by 412.84% to $10.9 million in 2026.
  • Per Business Quant data, the three most recent Operating Leases figures were $10.9 million in Q1 2026, $2.1 million in Q3 2025, and $868974.0 in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn
10 SolarMax Technology 18.57 Mn 13.99 Mn 3.05 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 10.87 Mn
Sep 30, 2025 2.12 Mn
Jun 30, 2025 868,974.00
Mar 31, 2025 2.90 Mn
Dec 31, 2024 1.71 Mn
Sep 30, 2024 3.66 Mn
Jun 30, 2024 2.51 Mn
Mar 31, 2024 2.90 Mn
Dec 31, 2023 4.08 Mn
Dec 31, 2022 5.47 Mn