SolarMax Technology (SMXT) Revenue (2023 - 2026)
SolarMax Technology (SMXT) reported 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 4 years of Revenue data on file, last reported at $14.8 million in Q1 2026.
- Revenue for Q1 2026 came in at $14.8 million, up 114.08% year-over-year; the trailing twelve-month figure through Mar 2026 was $98.9 million (up 309.46% YoY), and the FY2025 annual result was $91.0 million, up 295.8% from the prior year.
- Revenue retreated to $14.8 million in Q1 2026 per SMXT's latest filing, from $46.6 million in the prior quarter.
- Over five years, Revenue peaked at $46.6 million in Q4 2025 and troughed at $4.5 million in Q2 2024.
- A 4-year average of $14.1 million and a median of $12.2 million in 2023 frame the typical range for Revenue.
- The sharpest annual moves came in 2024 and 2025: Revenue sank 69.81% in 2024, then jumped 623.48% in 2025.
- A 4-year view of Revenue shows it stood at $12.2 million in 2023, then sank by 47.43% to $6.4 million in 2024, then jumped by 623.48% to $46.6 million in 2025, then sank 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 1.04 Bn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 880.52 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 282.90 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 310.50 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 722.23 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 140.56 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 223.41 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 1.78 Bn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 25.20 Mn |
| 10 | SolarMax Technology | 21.92 Mn | 17.61 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 |