SolarMax Technology Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	90.98	22.99	54.14	44.72	37.74
Revenue Growth (YoY)	295.80%	-57.54%	21.07%	18.49%	-71.32%
Cost of Revenue	86.75	20.67	42.99	37.24	31.79
Gross Profit	4.23	2.31	11.15	7.48	5.95
Selling, General & Admin	10.53	27.96	10.67	15.45	12.15
Other Operating Expenses	-	7.46	-	-	-
Total Operating Expenses	10.53	35.42	10.67	15.45	12.15
Operating Income	-6.3	-33.1	0.48	-7.97	-6.2
Total Non-Operating Income (Expense)	-1.16	-0.19	-0.11	1.14	2.58
Pretax Income	-7.46	-33.3	0.37	-6.83	-3.62
Provision for Income Taxes	-1.13	1.66	-0.06	0.04	-0.3
Net Income	-6.33	-34.96	0.43	-6.87	-3.32
Net Income to Common	-6.33	-34.96	0.43	-6.87	-3.32
Shares Outstanding (Basic)	50	44	40	40	40
Shares Outstanding (Diluted)	50	44	40	40	40
Shares Change (YoY)	12.71%	10.79%	0.73%	-	-1.05%
EPS (Basic)	-0.13	-0.79	0.01	-0.17	-0.08
EPS (Diluted)	-0.13	-0.79	0.01	-0.17	-0.08
Shares Outstanding	54.91	45.27	39.74	39.74	39.74
Free Cash Flow	0.5	-9.13	4.06	-2.06	-5.35
Free Cash Flow Per Share	0.01	-0.21	0.10	-0.05	-0.13
Gross Margin	4.65%	10.07%	20.59%	16.73%	15.76%
Operating Margin	-6.92%	-144.01%	0.89%	-17.82%	-16.43%
Profit Margin	-6.95%	-152.10%	0.80%	-15.37%	-8.80%
FCF Margin	0.55%	-39.72%	7.51%	-4.60%	-14.18%
EBITDA	-4.69	-31.56	2.1	-6.6	-5.84
EBITDA Margin	-5.16%	-137.28%	3.87%	-14.75%	-15.48%
EBIT	-6.3	-33.1	0.48	-7.97	-6.2
EBIT Margin	-6.92%	-144.01%	0.89%	-17.82%	-16.43%
Effective Tax Rate	15.21%	-5.00%	-17.32%	-0.61%	8.30%

Updated Apr 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q