SolarMax Technology (SMXT) Payables (2022 - 2026)
SolarMax Technology (SMXT) posted quarterly Payables of $75.0 million for Q1 2026, up 513.9% year-over-year from $12.2 million in Q1 2025, and up 1.08% quarter-over-quarter from $74.2 million in Q4 2025.
SolarMax Technology (SMXT) Payables (2022 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has reported Payables for 5 consecutive years, with $75.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Payables rose 513.9% year-over-year to $75.0 million; the TTM figure through Mar 2026 stood at $75.0 million (up 513.9% YoY), while the FY2025 annual figure was $74.2 million, up 496.8% from the prior year.
- Payables climbed to $75.0 million in Q1 2026 per SMXT's latest filing, from $74.2 million in the prior quarter.
- Across five years, Payables topped out at $75.0 million in Q1 2026 and bottomed at $601000.0 in Q3 2024.
- Historically, Payables has averaged $25.6 million across 5 years, with a median of $12.4 million in 2024.
- Annual changes were most pronounced in 2024 — Payables slumped 50.58% — and 2025, when it jumped 6062.51%.
- SolarMax Technology's Payables stood at $8.5 million in 2022, then jumped by 194.92% to $25.2 million in 2023, then plunged by 50.58% to $12.4 million in 2024, then surged by 496.8% to $74.2 million in 2025, then gained by 1.08% to $75.0 million in 2026.
- Business Quant data shows SMXT's Payables at $75.0 million in Q1 2026, $74.2 million in Q4 2025, and $37.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 346.33 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 535.97 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 124.59 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 321.42 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 460.14 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 65.98 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 3.27 Bn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 3.45 Bn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 161.09 Mn |
| 10 | SolarMax Technology | 16.52 Mn | 11.93 Mn | 3.05 Mn | 75.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 75.02 Mn |
| Dec 31, 2025 | 74.22 Mn |
| Sep 30, 2025 | 37.04 Mn |
| Jun 30, 2025 | 15.45 Mn |
| Mar 31, 2025 | 12.22 Mn |
| Dec 31, 2024 | 12.44 Mn |
| Sep 30, 2024 | 601,000.00 |
| Jun 30, 2024 | 10.79 Mn |
| Mar 31, 2024 | 10.62 Mn |
| Dec 31, 2023 | 25.16 Mn |
| Dec 31, 2022 | 8.53 Mn |