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| 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 |