SMXT · XBRL financial data
SolarMax Technology financial statements, every fiscal year
The same tables from 3 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (SMXT's year ends in late December)
| In thousands of dollars | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|
| Revenue | 54,139 | 22,987 | 90,983 |
| Cost of revenue | 42,990 | 20,672 | 86,752 |
| Gross profit | 11,149 | 2,315 | 4,230 |
| General and administrative | 9,507 | 27,439 | 10,160 |
| Total operating expenses | 10,665 | 35,418 | 10,526 |
| Operating income (loss) | 484 | (33,104) | (6,296) |
| Interest expense | — | 1,566 | 1,366 |
| Other income (expense) | 499 | (145) | 386 |
| Income tax expense (benefit) | (64) | 1,664 | (1,135) |
| Net income (loss) | 435 | (34,962) | (6,325) |
| Earnings per share, basic USD per share | 0.01 | (0.79) | (0.13) |
| Earnings per share, diluted USD per share | 0.01 | (0.79) | (0.13) |
| Weighted average shares, basic thousands of shares | 39,736 | 44,343 | — |
| Weighted average shares, diluted thousands of shares | 40,025 | 44,343 | 49,977 |
Balance sheet
CSVFiscal years (SMXT's year ends in late December)
| In thousands of dollars | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|
| Cash and cash equivalents | 2,539 | 786 | 7,967 |
| Short-term investments | 0 | 6,338 | — |
| Accounts receivable | 4,176 | 4,232 | 12,940 |
| Inventory | 1,341 | 1,303 | 2,062 |
| Prepaid and other current assets | 1,343 | 627 | 950 |
| Total current assets | 19,922 | 20,950 | 75,349 |
| Property and equipment, net | 291 | 201 | 139 |
| Right-of-use asset | 5,412 | 3,179 | 1,639 |
| Goodwill | 7,585 | 0 | 0 |
| Total assets | 48,655 | 38,630 | 91,287 |
| Accounts payable | 3,384 | 2,666 | 59,566 |
| Total current liabilities | 42,043 | 34,740 | 95,711 |
| Total deposits | 355 | — | — |
| Lease liability, non-current | 4,079 | 1,712 | 0 |
| Total liabilities | 64,543 | 53,709 | 103,497 |
| Accumulated deficit | (68,624) | (103,586) | (109,912) |
| Total stockholders' equity | (15,888) | (15,079) | (12,210) |
| Total liabilities and equity | 48,655 | 38,630 | 91,287 |
| Common shares outstanding (cover page) thousands of shares | 45,247 | 45,833 | 56,907 |
Cash flows
CSVFiscal years (SMXT's year ends in late December)
| In thousands of dollars | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|
| Net income (loss) | 435 | (34,962) | (6,325) |
| Stock-based compensation | 0 | 18,536 | 521 |
| Net cash from operating activities | 3,815 | (9,130) | 498 |
| Purchases of property and equipment | 28 | 0 | — |
| Net cash from investing activities | (7) | (6,316) | 5,839 |
| Proceeds from issuing common stock | — | 900 | 0 |
| Net cash from financing activities | (5,046) | 13,309 | 1,148 |
| Net change in cash | (1,275) | (1,831) | 7,184 |
Compare with peers
SIC 1700 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 1700 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| SolarMax Technology | 2,158 | 10,244 | (969)* | 4.7M | 38.3 quarters | 10-QJun 30, 2026 |
| ConnectM Technology Solutions | 2,394 | 9,794 | not reported | 5.7M | — | 10-QJun 30, 2026 |
| SunPower | 4,075 | 54,858 | (26,523)* | 208.8M | 0.2 quarters | 10-QJun 28, 2026 |
| Concrete Pumping Holdings | 42,976 | 106,527 | 24,138* | 50.4M | — | 10-QJul 31, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.