SolarMax Technology (SMXT) Payables (2022 - 2026)

SolarMax Technology's (SMXT) quarterly Payables came in at $75.0 million in Q1 2026, up 513.9% year-on-year from $12.2 million in Q1 2025, and up 1.08% on a QoQ basis from $74.2 million in Q4 2025.

SolarMax Technology (SMXT) Payables (2022 - 2026) Analysis & Trends

SolarMax Technology (SMXT) has 5 years of Payables data on file, last reported at $75.0 million in Q1 2026.

  • On a quarterly basis, Payables rose 513.9% year-over-year to $75.0 million in Q1 2026; TTM through Mar 2026 was $75.0 million, a 513.9% increase from a year earlier, with the FY2025 full-year figure at $74.2 million, up 496.8% from the prior year.
  • Payables for Q1 2026 stood at $75.0 million, up from $74.2 million in the prior quarter.
  • Over the last five years, Payables for SMXT reached as high as $75.0 million in Q1 2026 and fell as low as $601000.0 in Q3 2024.
  • Historically, Payables has averaged $25.6 million across 5 years, with a median of $12.4 million in 2024.
  • Across the five-year window, Payables plunged 50.58% in 2024 and surged 6062.51% in 2025, its largest moves.
  • Year by year, Payables stood at $8.5 million in 2022, then soared by 194.92% to $25.2 million in 2023, then plunged by 50.58% to $12.4 million in 2024, then jumped by 496.8% to $74.2 million in 2025, then climbed by 1.08% to $75.0 million in 2026.
  • Per Business Quant data, the three most recent Payables figures were $75.0 million in Q1 2026, $74.2 million in Q4 2025, and $37.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 306.83 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 533.49 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 113.46 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 3.45 Bn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn 404.51 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 343.23 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 80.43 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 3.27 Bn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 142.17 Mn
10 SolarMax Technology 18.57 Mn 13.99 Mn 3.05 Mn 75.02 Mn

Historic Data

Download Data
DateValue
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