SolarMax Technology reported total assets of $106.19M and total liabilities of $117.60M for the quarter ended Mar 2026, up 175.2% year over year. This balance sheet covers 14 quarters of results from Dec 2022 through Mar 2026, standardized by Business Quant from the company’s SEC filings.
| Balance Sheet | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash & EquivalentsCash & Equiv. | 3.82M | 7.97M | 2.91M | 3.29M | 2.54M | 4.93M | 1.36M | 0.87M | 0.79M | 0.60M | 2.19M | 6.00M | 8.25M | 4.59M |
| Short-term InvestmentsInvestments (Current) | 0.55M | 7.00M | 7.69M | 7.71M | 6.34M | 6.25M | ||||||||
| Cash & Current Investments | 3.82M | 7.97M | 2.91M | 3.84M | 2.54M | 11.93M | 9.05M | 8.58M | 7.12M | 6.84M | 2.19M | 6.00M | 8.25M | 4.59M |
| Receivables - NetNet Receivables | 1.19M | 0.04M | 7.40M | 3.98M | 4.42M | 4.59M | 4.23M | 4.28M | 3.45M | 13.39M | 12.94M | 12.28M | ||
| Receivables - OtherOther Receivables | 4.70M | 3.77M | 4.77M | 3.82M | 3.83M | 1.73M | 1.55M | 1.79M | 10.27M | 46.11M | 53.79M | |||
| Receivables | 5.89M | 0.04M | 11.17M | 8.75M | 8.25M | 8.43M | 6.80M | 5.84M | 5.24M | 23.66M | 59.05M | 66.07M | ||
| Inventory | 3.40M | 1.34M | 1.25M | 1.56M | 1.52M | 1.30M | 2.30M | 1.59M | 1.61M | 2.06M | 1.72M | |||
| Prepaid Assets | 0.76M | 1.34M | 1.12M | 0.81M | 0.63M | 0.88M | 1.12M | 0.73M | 0.95M | 0.62M | ||||
| Current Assets | 29.09M | 19.92M | 27.27M | 24.70M | 24.17M | 20.95M | 21.55M | 21.54M | 42.06M | 75.35M | 80.46M | |||
| Non-Current Assets | ||||||||||||||
| Property, Plant & Equipment (Net)PP&E (Net) | 0.44M | 0.29M | 0.27M | 0.24M | 0.22M | 0.20M | 0.18M | 0.16M | 0.15M | 0.14M | 0.13M | |||
| Long-Term Investments | 9.05M | 9.16M | 9.02M | 9.42M | 9.70M | 9.56M | 9.73M | 10.34M | 10.02M | 10.06M | 10.33M | 10.57M | 10.71M | 10.62M |
| Goodwill | 7.77M | 7.58M | 7.43M | 7.38M | ||||||||||
| Goodwill & Intangibles | 7.77M | 7.58M | 7.43M | 7.38M | ||||||||||
| Long-Term Deferred Tax | 20.40M | 22.42M | 0.19M | 0.13M | 0.07M | 27.35M | 26.67M | |||||||
| Other Non-Current Assets | 0.35M | 0.35M | 0.88M | 0.91M | 0.91M | 0.92M | 1.84M | 1.63M | 2.13M | 2.29M | 2.17M | 3.46M | ||
| Non-Current Assets | 32.39M | 28.73M | 27.43M | 26.40M | 18.88M | 17.68M | 17.04M | 16.70M | 16.60M | 15.94M | 25.74M | |||
| Assets | 61.48M | 48.66M | 54.69M | 51.09M | 43.05M | 38.63M | 38.59M | 38.24M | 58.66M | 91.29M | 106.19M | |||
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payables | 19.89M | 16.48M | 12.95M | 13.33M | 13.50M | 2.67M | 3.95M | 3.91M | 26.07M | 59.57M | 60.97M | |||
| Notes Payables | 6.30M | 8.68M | 8.58M | 8.68M | 9.77M | 10.72M | 11.54M | 10.97M | 14.65M | 14.05M | ||||
| Payables | 26.19M | 25.16M | 21.53M | 22.01M | 13.50M | 12.44M | 14.67M | 15.45M | 37.04M | 74.22M | 75.02M | |||
| Accumulated Expenses | 16.48M | 0.25M | 12.47M | 12.49M | 13.35M | 13.28M | 14.28M | 17.98M | ||||||
| Other Accumulated Expenses | 5.03M | 4.96M | ||||||||||||
| Short term Debt | 10.50M | 11.36M | 9.36M | 17.90M | 19.90M | 5.36M | 21.00M | 20.90M | 16.50M | 5.50M | 18.10M | |||
| Current Leases | 1.52M | 1.50M | 1.47M | 1.50M | 1.54M | 1.57M | 1.61M | 1.64M | 1.68M | 1.71M | 1.02M | |||
| Current Deferred Revenue | 4.04M | |||||||||||||
| Total Current Liabilities | 46.51M | 43.40M | 36.39M | 34.88M | 37.72M | 34.74M | 39.02M | 39.80M | 57.50M | 95.71M | 98.02M | |||
| Non-Current Liabilities | ||||||||||||||
| Non-Current Debt | 24.96M | 7.00M | 1.36M | 7.04M | 5.00M | 7.00M | 5.00M | 5.00M | 5.00M | 5.00M | 5.00M | |||
| Convertible Debt | 13.30M | 7.27M | 6.36M | 16.05M | 6.78M | 6.53M | 5.56M | 4.57M | 4.70M | 0.34M | 1.32M | |||
| Non-Current Deferred Tax LiabilityNon-Current Deferred Tax | 1.93M | 4.56M | 3.84M | 0.25M | 0.22M | |||||||||
| Operating Leases | 5.47M | 4.08M | 2.90M | 2.51M | 3.66M | 1.71M | 2.90M | 2.51M | 2.12M | 10.87M | ||||
| Other Non-Current Liabilities | 3.55M | 2.54M | 2.55M | 1.89M | 2.79M | 2.62M | 2.47M | 2.36M | 2.11M | 2.03M | 1.65M | 2.02M | 2.19M | 2.16M |
| Total Non-Current Liabilities | 68.57M | 12.70M | 15.17M | 14.41M | 58.68M | 58.48M | 58.81M | 61.13M | 55.66M | 55.95M | 55.91M | 54.65M | 53.34M | 53.17M |
| Total Liabilities | 77.69M | 15.24M | 17.72M | 16.30M | 64.54M | 55.28M | 53.91M | 53.98M | 53.71M | 54.47M | 53.35M | 70.44M | 103.50M | 117.60M |
| Shareholder's Equity | ||||||||||||||
| Total Debt | 41.76M | 27.04M | 19.30M | 33.62M | 24.90M | 22.13M | 36.72M | 37.44M | 32.47M | 25.15M | 37.15M | |||
| Common Equity | -16.21M | -15.24M | -17.72M | -16.30M | -15.89M | -0.59M | -2.81M | -10.94M | -15.08M | -15.87M | -15.11M | -11.78M | -12.21M | -11.41M |
| Liabilities and Shareholders Equity | 61.48M | 48.66M | 54.69M | 51.09M | 43.05M | 38.63M | 38.59M | 38.24M | 58.66M | 91.29M | 106.19M | |||
| Treasury Shares | 1.25M | 1.25M | 1.25M | 1.25M | 1.25M | 1.26M | 1.25M | 1.25M | 1.26M | 1.26M | 1.26M | |||
| Retained Earnings | -69.06M | -68.62M | 90.56M | 90.56M | -99.68M | -103.59M | 104.90M | -106.78M | -109.04M | -109.91M | -110.22M |