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
DateValue
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