SolarMax Technology (SMXT) Total Debt (2022 - 2026)
SolarMax Technology (SMXT) reported Total Debt of $23.1 million for Q1 2026, up 86.91% year-over-year from $12.4 million in Q1 2025, and up 120.0% quarter-over-quarter from $10.5 million in Q4 2025.
SolarMax Technology (SMXT) Total Debt (2022 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has 5 years of Total Debt data on file, last reported at $23.1 million in Q1 2026.
- Total Debt for Q1 2026 came in at $23.1 million, up 86.91% year-over-year; the trailing twelve-month figure through Mar 2026 was $23.1 million (up 86.91% YoY), and the FY2025 annual result was $10.5 million, up 6.06% from the prior year.
- Total Debt advanced to $23.1 million in Q1 2026 per SMXT's latest filing, from $10.5 million in the prior quarter.
- Over five years, Total Debt peaked at $27.0 million in Q4 2022 and troughed at $9.0 million in Q4 2023.
- A 5-year average of $14.1 million and a median of $10.5 million in 2025 frame the typical range for Total Debt.
- The sharpest annual moves came in 2023 and 2026: Total Debt tumbled 66.66% in 2023, then soared 86.91% in 2026.
- A 5-year view of Total Debt shows it stood at $27.0 million in 2022, then plunged by 66.66% to $9.0 million in 2023, then advanced by 10.0% to $9.9 million in 2024, then advanced by 6.06% to $10.5 million in 2025, then soared by 120.0% to $23.1 million in 2026.
- Business Quant data shows SMXT's Total Debt at $23.1 million in Q1 2026, $10.5 million in Q4 2025, and $10.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 425.78 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 572.51 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | - |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 443.39 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 181.75 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 667.21 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 2.78 Bn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | - |
| 10 | SolarMax Technology | 21.92 Mn | 17.61 Mn | 3.05 Mn | 23.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.10 Mn |
| Dec 31, 2025 | 10.50 Mn |
| Sep 30, 2025 | 10.50 Mn |
| Jun 30, 2025 | 12.36 Mn |
| Mar 31, 2025 | 12.36 Mn |
| Dec 31, 2024 | 9.90 Mn |
| Sep 30, 2024 | 20.31 Mn |
| Jun 30, 2024 | 9.94 Mn |
| Mar 31, 2024 | 9.77 Mn |
| Dec 31, 2023 | 9.00 Mn |
| Dec 31, 2022 | 26.99 Mn |