SolarMax Technology reported revenue of $14.83M and net income of -$0.31M for the quarter ended Mar 2026, up 114.1% year over year. This income statement covers 14 quarters of results from Dec 2022 through Mar 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | ||||||||||||||
| Revenue | 12.87M | 14.75M | 14.27M | 12.24M | 5.76M | 4.45M | 6.33M | 6.44M | 6.93M | 6.88M | 30.60M | 46.57M | 14.83M | |
| Cost of RevenueCost of Rev | 10.80M | 12.67M | 10.23M | 9.30M | 6.23M | 3.87M | 5.07M | 5.50M | 5.51M | 6.28M | 29.65M | 45.32M | 11.78M | |
| Gross Profit | 2.07M | 2.08M | 4.05M | 2.95M | 20.00M | 0.59M | 1.26M | 0.93M | 1.42M | 0.60M | 0.96M | 1.25M | 3.05M | |
| Operating items | ||||||||||||||
| Research & DevelopmentR&D | 0.25M | 0.41M | 0.30M | 0.19M | 0.17M | 0.09M | 0.14M | 0.12M | 0.08M | 0.07M | 0.15M | 0.07M | 0.04M | |
| Selling, General & AdministrativeSG&A | 1.29M | 2.58M | 2.83M | 2.81M | 18.25M | 2.90M | 3.68M | 2.61M | 2.50M | 2.30M | 2.92M | 2.44M | 2.91M | |
| Other Operating ExpensesOther Opex | 0.01M | 0.08M | ||||||||||||
| Operating ExpensesOpex | 1.55M | 2.99M | 3.13M | 3.00M | 18.42M | 2.99M | 11.28M | 2.73M | 2.57M | 2.37M | 3.06M | 2.51M | 2.95M | |
| Operating IncomeOp. Inc | 0.53M | -0.91M | 0.92M | -0.05M | -18.88M | -2.40M | -10.03M | -1.80M | -1.16M | -1.77M | -2.11M | -1.26M | 0.10M | |
| EBIT | 0.53M | -0.91M | 0.92M | -0.05M | -18.88M | -2.40M | -10.03M | -1.80M | -1.16M | -1.77M | -2.11M | -1.26M | 0.10M | |
| Non-operating items | ||||||||||||||
| Non Operating Interest Expenses | 0.30M | 0.38M | 0.38M | 0.40M | 0.40M | 0.37M | 0.36M | 0.36M | 0.28M | 0.30M | ||||
| Interest & Investment IncomeInt & Inv Inc | 0.01M | 0.03M | 0.02M | 0.02M | 0.02M | 0.14M | 0.21M | 0.14M | 0.12M | 0.23M | 0.12M | 0.07M | 0.01M | |
| Other Non Operating IncomeOther Non Op Inc. | 0.01M | -0.40M | 0.26M | 0.32M | -0.21M | 0.22M | 0.39M | 0.01M | 0.06M | -0.31M | -0.66M | 0.08M | ||
| Non Operating IncomeNon Op. Inc. | 0.32M | -0.46M | 0.40M | -0.08M | -0.39M | 0.12M | 0.46M | -0.39M | -0.20M | -0.24M | -0.67M | -0.06M | -0.41M | |
| Net income details | ||||||||||||||
| EBT | 0.54M | -1.37M | 1.32M | -0.13M | -19.27M | -2.28M | -9.57M | -2.19M | -1.36M | -2.00M | -2.77M | -1.32M | -0.31M | |
| Tax ProvisionsTaxes | -0.20M | 0.49M | -0.14M | -0.21M | 0.00M | -0.11M | 0.06M | 1.72M | -0.06M | -0.11M | -0.52M | -0.45M | -0.01M | |
| Profit After TaxPAT | 0.74M | -1.86M | 1.47M | 0.08M | -19.27M | -2.16M | -9.62M | -3.90M | -1.30M | -1.90M | -2.26M | -0.87M | -0.31M | |
| Equity Income | -0.01M | -0.24M | ||||||||||||
| Income from Continuing OperationsIncome (Continuing) | 0.74M | -1.86M | 1.47M | 0.08M | -19.27M | -2.16M | -9.62M | -3.90M | -1.30M | -1.90M | -2.26M | -0.87M | -0.31M | |
| Consolidated Net IncomeConsol Net Inc. | 0.74M | -1.86M | 1.47M | 0.08M | -19.27M | -2.16M | -9.62M | -3.90M | -1.30M | -1.90M | -2.26M | -0.87M | -0.31M | |
| Income towards Parent CompanyParent Net Inc | 0.74M | -1.86M | 1.47M | 0.08M | -19.27M | -2.16M | -9.62M | -3.90M | -1.30M | -1.90M | -2.26M | -0.87M | -0.31M | |
| Net Income towards Common StockholdersNet Income | 0.74M | -1.86M | 1.47M | 0.08M | -19.27M | -2.16M | -9.62M | -3.90M | -1.30M | -1.90M | -2.26M | -0.87M | -0.31M | |
| Additional items | ||||||||||||||
| EPS (Basic) | 0.22 | -0.56 | 0.44 | 0.03 | -5.58 | -0.63 | -2.56 | -1.06 | -0.35 | -0.50 | -0.51 | -0.21 | -0.07 | |
| EPS (Diluted) | 0.20 | -0.50 | 0.44 | 0.03 | -5.58 | -0.63 | -2.56 | -1.06 | -0.35 | -0.50 | -0.51 | -0.21 | -0.07 | |
| Shares Outstanding | 3.31M | 3.31M | 3.31M | 3.31M | 3.31M | 3.46M | 3.46M | 3.76M | 3.70M | 3.70M | 3.82M | 4.39M | 4.16M | 4.68M |
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 3.31M | 3.71M | 3.71M | 3.34M | 3.34M | 3.46M | 3.46M | 3.76M | 3.70M | 3.70M | 3.82M | 4.39M | 4.16M | 4.68M |
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 3.31M | 3.31M | 3.31M | 3.31M | 3.31M | 3.75M | 3.75M | 3.77M | 3.77M | 3.82M | 4.05M | 4.53M | 4.58M | 4.74M |
| EBITDA | 0.53M | -0.91M | 0.92M | -0.05M | -18.88M | -2.40M | -10.03M | -1.80M | -1.16M | -1.77M | -2.11M | -1.26M | 0.10M | |
| Interest ExpensesInt Expense | 0.30M | 0.38M | 0.38M | 0.40M | 0.40M | 0.37M | 0.36M | 0.36M | 0.28M | 0.30M | ||||
| Tax Rate | -37.17% | -35.92% | -10.64% | 166.25% | -0.02% | 5.04% | -0.59% | -78.53% | 4.68% | 5.30% | 18.59% | 33.99% | 2.02% |