SolarMax Technology, Inc. (SMXT)

SolarMax Technology Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	4.31	7.97	0.79	2.54	3.82	9.89
Short-Term Investments	-	0.52	6.34	-	-	-
Cash & Short-Term Investments	4.31	8.49	7.12	2.54	3.82	9.89
Cash Growth	-37.06%	19.17%	180.54%	-33.56%	-61.34%	-41.88%
Accounts Receivable	67.34	60.35	6.41	7.37	14.51	16.27
Other Receivables	1.99	1.05	2.98	3.76	4.3	5.7
Receivables	69.34	61.4	9.39	11.14	18.81	24
Inventory	2.73	2.34	1.97	2.64	3.4	3.36
Prepaid Expenses	0.62	0.95	0.63	1.34	1.38	0.8
Restricted Cash	-	-	-	-	-	3.2
Other Current Assets	3.46	2.17	1.84	2.26	1.67	1.24
Total Current Assets	80.46	75.35	20.95	19.92	29.09	42.48
Property, Plant & Equipment	11.93	1.78	3.38	5.7	7.33	0.65
Long-Term Investments	10.62	10.71	10.02	9.7	9.05	9.3
Goodwill	-	-	-	7.58	7.77	8.43
Long-Term Accounts Receivable	2.03	2.26	3.08	4.32	6.84	10.66
Long-Term Deferred Tax Assets	-	-	-	0.19	0.11	0.02
Other Long-Term Assets	1.16	1.19	1.2	1.24	1.28	0.48
Total Assets	106.19	91.29	38.63	48.66	61.48	72.02

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	60.97	59.57	2.67	3.38	-	-
Accrued Expenses	9.33	5.65	5.25	8.44	7.23	8.48
Short-Term Debt	-	-	2.9	2	4.23	5.98
Current Portion of Long-Term Debt	18.05	20.15	15.13	20.04	16.83	18.43
Current Portion of Leases	1.02	1.71	1.57	1.5	1.52	-
Current Income Taxes Payable	0.28	0.35	0.15	0.15	0.17	0.17
Current Unearned Revenue	-	-	-	-	4.04	1.39
Other Current Liabilities	8.37	8.28	7.08	7.9	12.48	14.17
Total Current Liabilities	98.02	95.71	34.74	43.4	46.51	48.63
Long-Term Debt	6.32	5.34	13.53	14.27	22.15	28.1
Long-Term Leases	10.87	-	1.71	4.08	5.47	-
Long-Term Deferred Tax Liabilities	0.22	0.25	1.62	-	-	-
Other Long-Term Liabilities	2.16	2.19	2.11	2.79	3.55	3.74
Total Liabilities	117.6	103.5	53.71	64.54	77.69	80.46

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.06	0.06	0.05	0.04	0.04	0.04
Additional Paid-In Capital	102.14	101.04	91.89	55.79	55.79	55.79
Retained Earnings	-110.22	-109.91	-103.59	-68.62	-69.06	-62.19
Treasury Stock	-1.98	-1.98	-1.98	-1.81	-1.81	-1.81
Comprehensive Income & Other	-1.41	-1.42	-1.45	-1.28	-1.17	-0.28
Total Common Equity	-11.41	-12.21	-15.08	-15.89	-16.21	-8.45
Shareholders' Equity	-11.41	-12.21	-15.08	-15.89	-16.21	-8.45
Total Liabilities & Equity	106.19	91.29	38.63	48.66	61.48	72.02

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	36.27	27.2	34.84	41.88	50.21	52.51
Net Cash (Debt)	-31.96	-18.71	-27.72	-39.35	-46.39	-42.63
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-7.25	-4.49	-7.50	-11.80	-14.01	-12.87
Filing Date Shares Outstanding	4.74	4.74	3.82	3.77	3.31	3.33
Total Common Shares Outstanding	4.74	4.58	3.77	3.31	3.31	3.31
Working Capital	-17.56	-20.36	-13.79	-23.48	-17.43	-6.15
Book Value Per Share	-2.41	-2.67	-4.00	-4.80	-4.89	-2.55
Tangible Book Value	-11.41	-12.21	-15.08	-23.47	-23.98	-16.88
Tangible Book Value Per Share	-2.41	-2.67	-4.00	-7.09	-7.24	-5.10
Machinery	2.11	2.11	2.1	2.37	2.46	2.52
Leasehold Improvements	2.3	2.29	2.29	2.34	2.35	2.37

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: May 15, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 22, 2026

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