SolarMax Technology (SMXT) Research & Development (2023 - 2026)
SolarMax Technology (SMXT) posted quarterly Research & Development of $42627.0 for Q1 2026, down 46.05% year-over-year from $79012.0 in Q1 2025, and down 39.83% quarter-over-quarter from $70845.0 in Q4 2025.
SolarMax Technology (SMXT) Research & Development (2023 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has reported Research & Development for 4 consecutive years, with $42627.0 the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 46.05% year-over-year to $42627.0; the TTM figure through Mar 2026 stood at $330320.0 (down 23.33% YoY), while the FY2025 annual figure was $366705.0, down 29.08% from the prior year.
- Research & Development declined to $42627.0 in Q1 2026 per SMXT's latest filing, from $70845.0 in the prior quarter.
- Across five years, Research & Development topped out at $413502.0 in Q2 2023 and bottomed at $42627.0 in Q1 2026.
- Historically, Research & Development has averaged $160321.8 across 4 years, with a median of $140017.0 in 2024.
- Annual changes were most pronounced in 2024 — Research & Development sank 78.98% — and 2025, when it advanced 4.39%.
- SolarMax Technology's Research & Development stood at $194246.0 in 2023, then sank by 35.69% to $124912.0 in 2024, then tumbled by 43.28% to $70845.0 in 2025, then sank by 39.83% to $42627.0 in 2026.
- Business Quant data shows SMXT's Research & Development at $42627.0 in Q1 2026, $70845.0 in Q4 2025, and $146157.0 in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 76.24 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 44.51 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 45.66 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 190.68 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 52.75 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 | 81.05 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -33.12 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 | 42,627.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42,627.00 |
| Dec 31, 2025 | 70,845.00 |
| Sep 30, 2025 | 146,157.00 |
| Jun 30, 2025 | 70,691.00 |
| Mar 31, 2025 | 79,012.00 |
| Dec 31, 2024 | 124,912.00 |
| Sep 30, 2024 | 140,017.00 |
| Jun 30, 2024 | 86,907.00 |
| Mar 31, 2024 | 165,222.00 |
| Dec 31, 2023 | 194,246.00 |
| Sep 30, 2023 | 299,706.00 |
| Jun 30, 2023 | 413,502.00 |
| Mar 31, 2023 | 250,339.00 |