SolarMax Technology (SMXT) Total Debt (2022 - 2026)
SolarMax Technology's (SMXT) quarterly Total Debt came in at $37.2 million in Q1 2026, up 1.17% year-over-year from $36.7 million in Q1 2025, and up 47.71% quarter-over-quarter from $25.2 million in Q4 2025.
Analysis
SolarMax Technology (SMXT) Total Debt (2022 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has reported Total Debt for 5 consecutive years, with $37.2 million the latest figure, recorded in Q1 2026.
- On a quarterly basis, Total Debt rose 1.17% year-over-year to $37.2 million in Q1 2026; TTM through Mar 2026 was $37.2 million, a 1.17% increase from a year earlier, with the FY2025 full-year figure at $25.2 million, up 13.65% from the prior year.
- Total Debt was $37.2 million for Q1 2026 at SolarMax Technology, up from $25.2 million in the prior quarter.
- Over five years, Total Debt peaked at $41.8 million in Q4 2022 and troughed at $19.3 million in Q1 2024.
- A 5-year average of $30.7 million and a median of $32.5 million in 2025 frame the typical range for Total Debt.
- Across the five-year window, Total Debt plunged 35.25% in 2023 and jumped 90.29% in 2025, its largest moves.
- Over 5 years, Total Debt stood at $41.8 million in 2022, then sank by 35.25% to $27.0 million in 2023, then fell by 18.16% to $22.1 million in 2024, then climbed by 13.65% to $25.2 million in 2025, then jumped by 47.71% to $37.2 million in 2026.
- The last three Total Debt figures came in at $37.2 million (Q1 2026), $25.2 million (Q4 2025), and $32.5 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunrun | 2.06 Bn | 2.06 Bn | 527.54 Mn | 14.53 Bn |
| 2 | SunPower | 52.30 Mn | 48.20 Mn | 24.96 Mn | 97.35 Mn |
| 3 | SUNation Energy | 21.76 Mn | 18.70 Mn | 2.13 Mn | 4.84 Mn |
| 4 | SolarMax Technology | 10.72 Mn | 6.13 Mn | 3.05 Mn | 37.15 Mn |
| 5 | Founder | 1.62 Mn | -28.27 Mn | - | 16.56 Mn |
| 6 | Zeo Energy | 1.57 Mn | 16.56 Mn | 7.62 Mn | 6.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 37.15 Mn |
| Dec 31, 2025 | 25.15 Mn |
| Sep 30, 2025 | 32.47 Mn |
| Jun 30, 2025 | 37.44 Mn |
| Mar 31, 2025 | 36.72 Mn |
| Dec 31, 2024 | 22.13 Mn |
| Sep 30, 2024 | 24.90 Mn |
| Jun 30, 2024 | 33.62 Mn |
| Mar 31, 2024 | 19.30 Mn |
| Dec 31, 2023 | 27.04 Mn |
| Dec 31, 2022 | 41.76 Mn |