SolarMax Technology, Inc. (SMXT)
NASDAQ: SMXT · Real-Time Price · USD
3.645
-0.175 (-4.58%)
At close: Aug 21, 2026, 4:00 PM EDT
3.468
-0.177 (-4.85%)
After-hours: Aug 21, 2026, 7:30 PM EDT
SolarMax Technology Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Net Income | -5.34 | -6.33 | -34.96 | 0.43 | -6.87 | -3.32 |
Depreciation & Amortization | 1.48 | 1.6 | 1.55 | 1.61 | 1.37 | 0.36 |
Other Amortization | 0.09 | 0.1 | 0.2 | 0.18 | 0.17 | 0.14 |
Loss (Gain) From Sale of Assets | 0 | 0 | -0.01 | -0.08 | -0.23 | -0.31 |
Asset Writedown & Restructuring Costs | - | - | 7.46 | - | - | - |
Loss (Gain) on Equity Investments | -0.03 | -0.25 | -0.63 | -0.86 | -0.49 | -0.53 |
Stock-Based Compensation | 0.52 | 0.52 | 18.54 | - | - | - |
Provision & Write-off of Bad Debts | -0.13 | -0.05 | 0.16 | 0.06 | 0.06 | -0.24 |
Other Operating Activities | 0.88 | 0.86 | 2.57 | 0.93 | 0.87 | -2.7 |
Change in Accounts Receivable | -61.02 | -54.33 | -0.14 | 5.69 | -0.42 | 5.49 |
Change in Inventory | 0.52 | -0.83 | -0.01 | 1.95 | -0.12 | -1.35 |
Change in Accounts Payable | 57.02 | 56.9 | -0.72 | 1.15 | -2.58 | -18.67 |
Change in Unearned Revenue | - | - | - | -4.04 | 2.65 | -0.42 |
Change in Other Net Operating Assets | 2.91 | 2.3 | -3.13 | -2.94 | 3.62 | 16.2 |
Operating Cash Flow | -3.09 | 0.5 | -9.13 | 4.09 | -1.97 | -5.35 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Capital Expenditures | - | - | - | -0.03 | -0.08 | - |
Sale of Property, Plant & Equipment | - | - | 0.02 | 0.02 | 0.09 | 0.04 |
Divestitures | - | - | - | - | - | 3.52 |
Investment in Securities | 6.29 | 5.84 | -6.34 | - | - | 0.11 |
Other Investing Activities | - | - | - | - | -0.29 | -1.64 |
Investing Cash Flow | 6.29 | 5.84 | -6.32 | -0.01 | -0.28 | 2.03 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Short-Term Debt Issued | - | - | 0.9 | - | - | - |
Long-Term Debt Issued | - | - | - | - | - | 1.86 |
Total Debt Issued | - | - | 0.9 | - | - | 1.86 |
Long-Term Debt Repaid | - | -3.26 | -5.55 | -4.85 | -7.14 | -7.19 |
Net Debt Issued (Repaid) | -4.31 | -3.26 | -4.65 | -4.85 | -7.14 | -5.33 |
Issuance of Common Stock | 5.35 | 4.75 | 18.95 | - | - | - |
Other Financing Activities | -0.28 | -0.35 | -1 | -0.47 | -0.36 | 0.27 |
Financing Cash Flow | 0.76 | 1.15 | 13.31 | -5.32 | -7.5 | -5.07 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Foreign Exchange Rate Adjustments | -0.26 | -0.3 | 0.31 | -0.04 | 0.52 | -0.06 |
Net Cash Flow | 3.71 | 7.18 | -1.83 | -1.28 | -9.23 | -8.45 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Free Cash Flow | -3.09 | 0.5 | -9.13 | 4.06 | -2.06 | -5.35 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -3.12% | 0.55% | -39.72% | 7.51% | -4.60% | -14.18% |
Free Cash Flow Per Share | -0.70 | 0.12 | -2.47 | 1.22 | -0.62 | -1.62 |
Levered Free Cash Flow | -0.79 | 3.11 | 13.69 | 4.83 | 2.38 | 11.84 |
Unlevered Free Cash Flow | -0.08 | 3.86 | 14.47 | 5.71 | 3.35 | 12.95 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Cash Interest Paid | 1.38 | 1.38 | 1.36 | - | - | - |
Cash Income Tax Paid | 0.19 | 0.17 | 0.16 | 0.18 | 0 | 0.37 |
Change in Working Capital | -0.57 | 4.04 | -3.99 | 1.82 | 3.15 | 1.25 |