Revenue
10.2 million USD
2026 Q2 · USD
Exact inputs and evidence
- Revenue: 10243612 USD Source
Fundies. English
SolarMax Technology, Inc.
EDGARAnnual consolidated revenue for 2025: about USD 90.98M, using the latest reported figures. The previous period, 2024, was about USD 22.99M.
Latest quarter
Operating margin
-43.53%
2026 Q2 · %
Operating cash flow
-969 thousand USD
2026 Q2 · USD
- Cash and cash equivalents
- 2.16 million USD Source
Exact value
2158233 USD
- Long-term debt including current maturities
- Not available
- Shares outstanding
- 4.74 million shares Source
Exact value
4742167 shares
Reported share-count change
-90.24% · -43.8 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
102 million USD
2025-07-01 – 2026-06-30
Net income
-8.09 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Operating cash flow
-4.28 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Operating cash flow: 3016939 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: -380432 USD · 2025-01-01 – 2025-06-30 Source
- Operating cash flow: 498049 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 3016939 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: -4187144 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: -5156405 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: -4187144 USD · 2026-01-01 – 2026-03-31 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-08.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 4 of 11 periods available· newest 2025-12-31
- Operating income: 4 of 11 periods available· newest 2025-12-31
- Net income: 4 of 11 periods available· newest 2025-12-31
- Operating cash flow: 4 of 11 periods available· newest 2025-12-31
- Capital expenditure: 3 of 11 periods available· newest 2024-12-31
- Total assets: 4 of 11 periods available· newest 2025-12-31
- Total liabilities: 4 of 11 periods available· newest 2025-12-31
- Current assets: 4 of 11 periods available· newest 2025-12-31
- Current liabilities: 4 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 4 of 11 periods available· newest 2025-12-31
- long term debt: No compatible figures in this window
- Shares outstanding: 4 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+295.8%Prior period
USD 22.99 million
–
Current period
USD 90.98 million
–
Exact inputs and evidence
90982535 − 22986881 = 67995654 USD
22986881 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source90982535 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
+USD 28.64 millionPrior period
−USD 34.96 million
–
Current period
−USD 6.33 million
–
Exact inputs and evidence
-6325368 − -34962336 = 28636968 USD
-34962336 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source-6325368 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+USD 9.63 millionPrior period
−USD 9.13 million
–
Current period
USD 498,049
–
Exact inputs and evidence
498049 − -9130110 = 9628159 USD
-9130110 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source498049 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 90.98 million 100% of revenue
- Cost of revenue USD 86.75 million 95% of revenue
- Operating expenses USD 10.53 million 12% of revenue
- Operating income −USD 6.3 million −6.9% of revenue
- Tax, interest and other Derived USD 29,095 0% of revenue
- Net income −USD 6.33 million −7% of revenue
Cash
- Operating cash flow USD 498,049 0.5% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2022 Operating loss: operating costs were 118% of revenue.
- 2023 99%
- 2024 Operating loss: operating costs were 244% of revenue.
- 2025 Operating loss: operating costs were 107% of revenue.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2022 2022-01-01 – 2022-12-31 | 44718030 | 52687842 Derived | -7969812 | -1096534 Derived | -6873278 | -2055037 Derived | Source
|
| 2023 2023-01-01 – 2023-12-31 | 54139330 | 53655479 Derived | 483851 | 49065 Derived | 434786 | 4063170 Derived | Source
|
| 2024 2024-01-01 – 2024-12-31 | 22986881 | 56090429 Derived | -33103548 | 1858788 Derived | -34962336 | -9130110 Derived | Source
|
| 2025 2025-01-01 – 2025-12-31 | 90982535 | 97278808 Derived | -6296273 | 29095 Derived | -6325368 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 91M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2022 | Revenue | 44718030 |
|
| 2023 | Revenue | 54139330 |
|
| 2024 | Revenue | 22986881 |
|
| 2025 | Revenue | 90982535 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
295.8% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2022 | Year over year | No prior comparable period |
|
| 2023 | Year over year | 21.1% |
|
| 2024 | Year over year | -57.5% |
|
| 2025 | Year over year | 295.8% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin -6.9% 2025
Net margin -7% 2025
Free cash flow margin -39.7% 2024
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2022 | Operating margin | -17.8% |
|
| 2023 | Operating margin | 0.9% |
|
| 2024 | Operating margin | -144% |
|
| 2025 | Operating margin | -6.9% |
|
| 2022 | Net margin | -15.4% |
|
| 2023 | Net margin | 0.8% |
|
| 2024 | Net margin | -152.1% |
|
| 2025 | Net margin | -7% |
|
| 2022 | Free cash flow margin | -4.6% |
|
| 2023 | Free cash flow margin | 7.5% |
|
| 2024 | Free cash flow margin | -39.7% |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 498K 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2022 | Operating cash flow | -1971571 |
|
| 2023 | Operating cash flow | 4091169 |
|
| 2024 | Operating cash flow | -9130110 |
|
| 2025 | Operating cash flow | 498049 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
USD -9.1M 2024
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2022 | Free cash flow | -2055037 |
|
| 2023 | Free cash flow | 4063170 |
|
| 2024 | Free cash flow | -9130110 |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
113.4% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2022 | Liabilities / assets | 126.4% |
|
| 2023 | Liabilities / assets | 132.7% |
|
| 2024 | Liabilities / assets | 139% |
|
| 2025 | Liabilities / assets | 113.4% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
0.79× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2022 | Current assets / current liabilities | 0.63× |
|
| 2023 | Current assets / current liabilities | 0.46× |
|
| 2024 | Current assets / current liabilities | 0.6× |
|
| 2025 | Current assets / current liabilities | 0.79× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2022 2022-01-01 – 2022-12-31 | −USD 6.87 million Exact valueExact value: -6873278 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 1.97 million Exact valueExact value: -1971571 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 83,466 Exact valueExact value: 83466 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 2.06 million Calculation and evidence-1971571 − 83466 USD Exact free cash flow: -2055037 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2023 2023-01-01 – 2023-12-31 | USD 434,786 Exact valueExact value: 434786 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 4.09 million Exact valueExact value: 4091169 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 27,999 Exact valueExact value: 27999 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 4.06 million Calculation and evidence4091169 − 27999 USD Exact free cash flow: 4063170 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2024 2024-01-01 – 2024-12-31 | −USD 34.96 million Exact valueExact value: -34962336 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 9.13 million Exact valueExact value: -9130110 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 0 Exact valueExact value: 0 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 9.13 million Calculation and evidence-9130110 − 0 USD Exact free cash flow: -9130110 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2025 2025-01-01 – 2025-12-31 | −USD 6.33 million Exact valueExact value: -6325368 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 498,049 Exact valueExact value: 498049 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
18 filings · 1,100 latest values · 1,100 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001519472, 1519472, SMXT, edgar:1519472
Also known as SolarMax Technology, Inc., Solarmax Technology, Inc.