SolarMax Technology (SMXT) Total Debt (2022 - 2026)
SolarMax Technology (SMXT) posted quarterly Total Debt of $23.1 million for Q1 2026, down 11.15% year-over-year from $26.0 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 reported Total Debt for 5 consecutive years, with $23.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Total Debt fell 11.15% year-over-year to $23.1 million; the TTM figure through Mar 2026 stood at $23.1 million (down 11.15% YoY), while the FY2025 annual figure was $10.5 million, down 15.04% from the prior year.
- Total Debt rose 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 $26.0 million in Q1 2025 and bottomed at $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.
- SolarMax Technology's Total Debt stood at $11.9 million in 2022, then slipped by 24.11% to $9.0 million in 2023, then surged by 37.32% to $12.4 million in 2024, then decreased by 15.04% to $10.5 million in 2025, then jumped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 37.64 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 572.84 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 14.53 Bn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 196.75 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 8.40 Bn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 2.75 Bn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 668.72 Mn |
| 10 | SolarMax Technology | 16.52 Mn | 11.93 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 |