Growth Metrics

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% on a QoQ basis from $10.5 million in Q4 2025.

SolarMax Technology (SMXT) has 5 years of Total Debt data on file, last reported at $23.1 million in Q1 2026.

  • Quarterly Total Debt rose 86.91% year-over-year to $23.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $23.1 million (up 86.91% YoY) and the FY2025 annual result came in at $10.5 million, up 6.06% from the prior year.
  • Total Debt climbed to $23.1 million in Q1 2026 per SMXT's latest filing, from $10.5 million in the prior quarter.
  • Across five years, Total Debt topped out at $27.0 million in Q4 2022 and bottomed at $9.0 million in Q4 2023.
  • The 5-year median for Total Debt is $10.5 million (2025), against an average of $14.1 million.
  • The widest annual swing landed in 2023, when Total Debt sank 66.66%; it then jumped 86.91% in 2026.
  • Tracing SMXT's Total Debt over 5 years: stood at $27.0 million in 2022, then slumped by 66.66% to $9.0 million in 2023, then rose by 10.0% to $9.9 million in 2024, then rose by 6.06% to $10.5 million in 2025, then jumped by 120.0% to $23.1 million in 2026.
  • Per Business Quant, the three latest SMXT Total Debt figures stand at $23.1 million (Q1 2026), $10.5 million (Q4 2025), and $10.5 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 425.78 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 5.34 Bn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 572.51 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 443.39 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 181.75 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 667.21 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 2.78 Bn
10 SolarMax Technology 30.01 Mn 25.71 Mn 3.05 Mn 23.10 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 23.10 Mn
Dec 31, 2025 10.50 Mn
Sep 30, 2025 21.50 Mn
Jun 30, 2025 12.36 Mn
Mar 31, 2025 7.90 Mn
Dec 31, 2024 12.36 Mn
Sep 30, 2024 20.31 Mn
Jun 30, 2024 13.40 Mn
Mar 31, 2024 9.77 Mn
Dec 31, 2023 9.00 Mn
Dec 31, 2022 26.99 Mn