SolarMax Technology (SMXT) Revenue (2023 - 2026)
SolarMax Technology (SMXT) posted quarterly Revenue of $14.8 million for Q1 2026, up 114.08% year-over-year from $6.9 million in Q1 2025, and down 68.15% quarter-over-quarter from $46.6 million in Q4 2025.
SolarMax Technology (SMXT) Revenue (2023 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has reported Revenue for 4 consecutive years, with $14.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Revenue rose 114.08% year-over-year to $14.8 million; the TTM figure through Mar 2026 stood at $98.9 million (up 309.46% YoY), while the FY2025 annual figure was $91.0 million, up 295.8% from the prior year.
- Revenue declined to $14.8 million in Q1 2026 per SMXT's latest filing, from $46.6 million in the prior quarter.
- Across five years, Revenue topped out at $46.6 million in Q4 2025 and bottomed at $4.5 million in Q2 2024.
- Historically, Revenue has averaged $14.1 million across 4 years, with a median of $12.2 million in 2023.
- Annual changes were most pronounced in 2024 — Revenue sank 69.81% — and 2025, when it jumped 623.48%.
- SolarMax Technology's Revenue stood at $12.2 million in 2023, then slumped by 47.43% to $6.4 million in 2024, then surged by 623.48% to $46.6 million in 2025, then slumped by 68.15% to $14.8 million in 2026.
- Business Quant data shows SMXT's Revenue at $14.8 million in Q1 2026, $46.6 million in Q4 2025, and $30.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 1.06 Bn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 935.17 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 291.85 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 869.99 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 346.25 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 163.37 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 1.22 Bn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 1.78 Bn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 342.07 Mn |
| 10 | SolarMax Technology | 16.52 Mn | 11.93 Mn | 3.05 Mn | 14.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.83 Mn |
| Dec 31, 2025 | 46.57 Mn |
| Sep 30, 2025 | 30.60 Mn |
| Jun 30, 2025 | 6.88 Mn |
| Mar 31, 2025 | 6.93 Mn |
| Dec 31, 2024 | 6.44 Mn |
| Sep 30, 2024 | 6.33 Mn |
| Jun 30, 2024 | 4.45 Mn |
| Mar 31, 2024 | 5.76 Mn |
| Dec 31, 2023 | 12.24 Mn |
| Sep 30, 2023 | 14.27 Mn |
| Jun 30, 2023 | 14.75 Mn |
| Mar 31, 2023 | 12.87 Mn |