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
DateValue
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