SolarMax Technology (SMXT) Operating Leases (2022 - 2026)
SolarMax Technology (SMXT) posted quarterly Operating Leases of $10.9 million for Q1 2026, up 274.77% year-over-year from $2.9 million in Q1 2025, and up 412.84% quarter-over-quarter from $2.1 million in Q3 2025.
SolarMax Technology (SMXT) Operating Leases (2022 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has reported Operating Leases for 5 consecutive years, with $10.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Leases rose 274.77% year-over-year to $10.9 million; the TTM figure through Mar 2026 stood at $10.9 million (up 274.77% YoY), while the FY2024 annual figure was $1.7 million, down 58.02% from the prior year.
- Operating Leases advanced to $10.9 million in Q1 2026 per SMXT's latest filing, from $2.1 million in the prior quarter.
- Across five years, Operating Leases topped out at $10.9 million in Q1 2026 and bottomed at $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.
- Annual changes were most pronounced in 2025 — Operating Leases sank 65.43% — and 2026, when it jumped 274.77%.
- SolarMax Technology's Operating Leases stood at $5.5 million in 2022, then fell by 25.43% to $4.1 million in 2023, then plunged by 58.02% to $1.7 million in 2024, then increased by 23.83% to $2.1 million in 2025, then surged by 412.84% to $10.9 million in 2026.
- Business Quant data shows SMXT's Operating Leases at $10.9 million in Q1 2026, $2.1 million in Q3 2025, and $868974.0 in Q2 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 | 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 |