SolarMax Technology (SMXT) Total Debt (2022 - 2026)
SolarMax Technology's (SMXT) quarterly Total Debt came in at $23.1 million in Q1 2026, down 11.15% year-on-year from $26.0 million in Q1 2025, and up 120.0% on a QoQ basis 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.
- On a quarterly basis, Total Debt fell 11.15% year-over-year to $23.1 million in Q1 2026; TTM through Mar 2026 was $23.1 million, a 11.15% decrease from a year earlier, with the FY2025 full-year figure at $10.5 million, down 15.04% from the prior year.
- Total Debt for Q1 2026 stood at $23.1 million, up from $10.5 million in the prior quarter.
- Over the last five years, Total Debt for SMXT reached as high as $26.0 million in Q1 2025 and fell as low as $9.0 million in Q4 2023.
- Historically, Total Debt has averaged $14.8 million across 5 years, with a median of $11.9 million in 2022.
- On a YoY basis, Total Debt climbed as much as 166.03% in 2025 and fell as far as 25.95% in 2025.
- Year by year, Total Debt stood at $11.9 million in 2022, then declined by 24.11% to $9.0 million in 2023, then jumped by 37.32% to $12.4 million in 2024, then dropped by 15.04% to $10.5 million in 2025, then soared by 120.0% to $23.1 million in 2026.
- Per Business Quant data, the three most recent Total Debt figures were $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 | 22.08 Bn | 19.65 Bn | 486.13 Mn | 425.78 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 572.51 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 2.75 Bn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | - |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 443.39 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 181.75 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 8.40 Bn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 667.21 Mn |
| 10 | SolarMax Technology | 18.57 Mn | 13.99 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 | 25.90 Mn |
| Mar 31, 2025 | 26.00 Mn |
| Dec 31, 2024 | 12.36 Mn |
| Sep 30, 2024 | 14.18 Mn |
| Jun 30, 2024 | 9.94 Mn |
| Mar 31, 2024 | 9.77 Mn |
| Dec 31, 2023 | 9.00 Mn |
| Dec 31, 2022 | 11.86 Mn |