SolarMax Technology, Inc. (SMXT)

NASDAQ: SMXT · Real-Time Price · USD

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0.7367

+0.0136 (1.88%)

At close: Feb 13, 2026, 4:00 PM EST

0.7700

+0.0333 (4.52%)

After-hours: Feb 13, 2026, 7:11 PM EST

SolarMax Technology Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	5.72	0.79	2.54	3.82	9.89	17.01
Short-Term Investments	5.71	6.34	-	-	-	-
Cash & Short-Term Investments	11.43	7.12	2.54	3.82	9.89	17.01
Cash Growth	33.19%	180.54%	-33.56%	-61.34%	-41.88%	77.31%
Accounts Receivable	27.29	6.41	7.37	14.51	16.27	23.69
Other Receivables	0.99	2.98	3.76	4.3	5.7	9.63
Receivables	28.28	9.39	11.14	18.81	24	33.71
Inventory	1.61	1.97	2.64	3.4	3.36	2.1
Prepaid Expenses	0.73	0.63	1.34	1.38	0.8	0.87
Restricted Cash	-	-	-	-	3.2	4.73
Other Current Assets	-	1.84	2.26	1.67	1.24	1.21
Total Current Assets	42.06	20.95	19.92	29.09	42.48	59.62
Property, Plant & Equipment	2.18	3.38	5.7	7.33	0.65	0.99
Long-Term Investments	10.57	10.02	9.7	9.05	9.3	8.64
Goodwill	-	-	7.58	7.77	8.43	8.21
Long-Term Accounts Receivable	2.54	3.08	4.32	6.84	10.66	18.33
Long-Term Deferred Tax Assets	-	-	0.19	0.11	0.02	-
Other Long-Term Assets	1.31	1.2	1.24	1.28	0.48	0.34
Total Assets	58.66	38.63	48.66	61.48	72.02	96.14
Accounts Payable	26.07	2.67	3.38	-	-	-
Accrued Expenses	5.05	5.25	8.44	7.23	8.48	8.68
Short-Term Debt	-	2.9	2	4.23	5.98	24.39
Current Portion of Long-Term Debt	16.47	15.13	20.04	16.83	18.43	27.16
Current Portion of Leases	1.68	1.57	1.5	1.52	-	-
Current Income Taxes Payable	0.31	0.15	0.15	0.17	0.17	0.4
Current Unearned Revenue	-	-	-	4.04	1.39	1.8
Other Current Liabilities	7.92	7.08	7.9	12.48	14.17	6.46
Total Current Liabilities	57.5	34.74	43.4	46.51	48.63	69.32
Long-Term Debt	9.7	13.53	14.27	22.15	28.1	28.31
Long-Term Leases	0.44	1.71	4.08	5.47	-	-
Long-Term Unearned Revenue	-	-	-	-	-	0.49
Long-Term Deferred Tax Liabilities	0.78	1.62	-	-	-	-
Other Long-Term Liabilities	2.02	2.11	2.79	3.55	3.74	3.45
Total Liabilities	70.44	53.71	64.54	77.69	80.46	101.57
Common Stock	0.06	0.05	0.04	0.04	0.04	0.07
Additional Paid-In Capital	100.62	91.89	55.79	55.79	55.79	55.98
Retained Earnings	-109.04	-103.59	-68.62	-69.06	-62.19	-58.87
Treasury Stock	-1.98	-1.98	-1.81	-1.81	-1.81	-1.81
Comprehensive Income & Other	-1.44	-1.45	-1.28	-1.17	-0.28	-0.59
Total Common Equity	-11.78	-15.08	-15.89	-16.21	-8.45	-5.22
Minority Interest	-	-	-	-	-	-0.22
Shareholders' Equity	-11.78	-15.08	-15.89	-16.21	-8.45	-5.44
Total Liabilities & Equity	58.66	38.63	48.66	61.48	72.02	96.14
Total Debt	28.29	34.84	41.88	50.21	52.51	79.86
Net Cash (Debt)	-16.86	-27.72	-39.35	-46.39	-42.63	-62.85
Net Cash Per Share	-0.35	-0.63	-0.98	-1.17	-1.07	-1.56
Filing Date Shares Outstanding	54.3	45.83	45.25	39.74	40.01	40.01
Total Common Shares Outstanding	54.3	45.27	39.74	39.74	39.74	40.01
Working Capital	-15.44	-13.79	-23.48	-17.43	-6.15	-9.7
Book Value Per Share	-0.22	-0.33	-0.40	-0.41	-0.21	-0.13
Tangible Book Value	-11.78	-15.08	-23.47	-23.98	-16.88	-13.43
Tangible Book Value Per Share	-0.22	-0.33	-0.59	-0.60	-0.42	-0.34
Machinery	2.1	2.1	2.37	2.46	2.52	2.52
Leasehold Improvements	2.29	2.29	2.34	2.35	2.37	2.36

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q