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| Date | Value |
|---|---|
| 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 |