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Stocks · Industrials · Construction - Special Trade Contractors

SolarMax Technology, Inc.

SMXT Clue Score53
United States Fiscal year ends December CIK 0001519472
$4.84 +13.62% Close, 12 Oct 2026
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Price $4.84 +365.38% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 27 Feb 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue44.7Operating income−8.0Net income−6.9EPS, diluted−0.17Fiscal year 2023Revenue54.1 +21.1%Operating income0.5Net income0.4EPS, diluted0.01Fiscal year 2024Revenue23.0 −57.5%Operating income−33.1Net income−35.0 −8,141.3%EPS, diluted−0.79 −8,000.0%Fiscal year 2025Revenue91.0 +295.8%Operating income−6.3Net income−6.3EPS, diluted−0.13
FY2022FY2023FY2024FY2025
Revenue 44.7 54.1 23.0 91.0
Growth +21.1% −57.5% +295.8%
Operating income −8.0 0.5 −33.1 −6.3
Net income −6.9 0.4 −35.0 −6.3
Growth −8,141.3%
EPS, diluted −0.17 0.01 −0.79 −0.13
Growth −8,000.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Gross margin16.7%Operating margin−17.8%Net margin−15.4%Free cash flow margin−4.6%Fiscal year 2023Gross margin20.6%Operating margin0.9%Net margin0.8%Free cash flow margin7.5%Fiscal year 2024Gross margin10.1%Operating margin−144.0%Net margin−152.1%Free cash flow margin−39.7%Fiscal year 2025Gross margin4.6%Operating margin−6.9%Net margin−7.0%
FY2022FY2023FY2024FY2025
Gross margin 16.7% 20.6% 10.1% 4.6%
Operating margin −17.8% 0.9% −144.0% −6.9%
Net margin −15.4% 0.8% −152.1% −7.0%
Free cash flow margin −4.6% 7.5% −39.7% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow−2.0Capital expenditure−0.1Free cash flow−2.1Fiscal year 2023Operating cash flow4.1Capital expenditure−0.0Free cash flow4.1Fiscal year 2024Operating cash flow−9.1Capital expenditure0.0Free cash flow−9.1 −324.7%Fiscal year 2025Operating cash flow0.5
FY2022FY2023FY2024FY2025
Operating cash flow −2.0 4.1 −9.1 0.5
Capital expenditure −0.1 −0.0 0.0 n/a
Free cash flow −2.1 4.1 −9.1 n/a
Growth −324.7%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securities
Fiscal year 2022Cash and securities3.8Shareholders’ equity−16.2Fiscal year 2023Cash and securities2.5Shareholders’ equity−15.9Fiscal year 2024Cash and securities7.1Shareholders’ equity−15.1Fiscal year 2025Cash and securities8.0Shareholders’ equity−12.2
FY2022FY2023FY2024FY2025
Cash and securities 3.8 2.5 7.1 8.0
Shareholders’ equity −16.2 −15.9 −15.1 −12.2

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
16.7% 20.6% 10.1% 4.6%
−17.8% 0.9% −144.0% −6.9%
−15.3% 0.7% −144.9% −8.2%
−15.4% 0.8% −152.1% −7.0%
−4.6% 7.5% −39.7% n/a
Spending
32.1% 17.6% 119.4% 11.2%
0.2% 0.1% 0.0% n/a
n/a −17.3% n/a n/a
Returns
−11.2% 0.9% −90.5% −6.9%
Balance and payout
126.4% 132.7% 139.0% 113.4%