• Income Statement
• Balance Sheet
• Cash Flow
• Ratios
• Market Data
• Valuation

	SolarMax Technology, Inc. (SMXT)
	Q4-CY2026	Q3-CY2026	Q2-CY2026	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014
Balance Sheet Date			2026-Jun-30	2026-Mar-31	2025-Dec-31	2025-Sep-30	2025-Jun-30	2025-Mar-31	2024-Dec-31	2024-Sep-30	2024-Jun-30	2024-Mar-31	2023-Dec-31
Fiscal Period			Q2-FY2026	Q1-FY2026	Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024	Q4-FY2023
Total Revenue			10,243,612$	14,830,617$	46,569,474$	30,602,588$	6,883,004$	6,927,469$	6,436,900$	6,331,606$	4,454,301$	5,764,074$	12,243,783$	14,273,607$	14,753,462$	12,868,478$
QoQ%			(30.93%)	(68.15%)	52.18%	344.61%	(.64%)	7.62%	1.66%	42.15%	(22.72%)	(52.92%)	(14.22%)	(3.25%)	14.65%
YoY%			48.83%	114.08%	623.48%	383.33%	54.53%	20.18%	(47.43%)	(55.64%)	(69.81%)	(55.21%)
Cost Of Revenue			7,829,737$	11,784,049$	45,319,186$	29,646,380$	6,278,443$	5,508,398$	5,503,340$	5,074,267$	3,866,218$	6,228,481$	9,296,089$	10,225,256$	12,672,907$	10,796,141$
Gross Profit			2,413,875$	3,046,568$	1,250,288$	956,208$	604,561$	1,419,071$	933,560$	1,257,339$	588,083$	(464,407$)	2,947,694$	4,048,351$	2,080,555$	2,072,337$
Gross Margin			23.57%	20.54%	2.69%	3.13%	8.78%	20.49%	14.50%	19.86%	13.20%	(8.06%)	24.08%	28.36%	14.10%	16.10%
Operating Expenses			6,872,591$	2,950,372$	2,514,131$	3,064,440$	2,373,255$	2,574,575$	2,729,494$	11,284,645$	2,987,652$	18,416,332$	3,000,834$	3,127,902$	2,991,224$	1,545,126$
Operating Income			(4,458,716$)	96,196$	(1,263,843$)	(2,108,232$)	(1,768,694$)	(1,155,504$)	(1,795,934$)	(10,027,306$)	(2,399,569$)	(18,880,739$)	(53,140$)	920,449$	(910,669$)	527,211$
Operating Margin			(43.53%)	.65%	(2.71%)	(6.89%)	(25.70%)	(16.68%)	(27.90%)	(158.37%)	(53.87%)	(327.56%)	(.43%)	6.45%	(6.17%)	4.10%
Interest Income
Interest Expenses			248,922$	298,065$	278,315$	355,850$	362,637$	369,403$	397,042$	399,461$	384,866$	384,363$
Income Before Tax			(4,681,738$)	(313,005$)	(1,321,458$)	(2,773,615$)	(2,004,994$)	(1,359,876$)	(2,186,493$)	(9,565,919$)	(2,279,108$)	(19,266,986$)	(128,157$)	1,324,464$	(1,367,242$)	541,527$
Tax Expenses			(26,039$)	(6,321$)	(449,213$)	(515,511$)	(106,217$)	(63,634$)	1,717,102$	56,811$	(114,884$)	4,801$	(213,060$)	(140,899$)	491,053$	(201,288$)
Net Income			(4,655,699$)	(306,684$)	(872,245$)	(2,258,105$)	(1,898,776$)	(1,296,242$)	(3,903,595$)	(9,622,730$)	(2,164,224$)	(19,271,787$)	784,669$	(1,465,363$)	372,665$	742,815$
Profit Margin			(45.45%)	(2.07%)	(1.87%)	(7.38%)	(27.59%)	(18.71%)	(60.64%)	(151.98%)	(48.59%)	(334.34%)	6.41%	(10.27%)	2.53%	5.77%
TTM			(7.92%)	(5.40%)	(6.95%)	(18.40%)	(62.91%)	(70.34%)	(152.10%)	(105.14%)	(60.21%)	(41.63%)	.80%
Earnings to Minority						(1$)	1$		(62,117,482$)	19,245,460$	42,872,022$		699,766$	(2,930,726$)	2,230,960$
Earnings to Common Shareholders			(4,655,699$)	(306,684$)	(872,245$)	(2,258,104$)	(1,898,777$)	(1,296,242$)	(3,903,595$)	(9,622,730$)	(2,164,224$)	(19,271,787$)	84,903$	1,465,363$	(1,858,295$)	742,815$
QoQ%			(1,418.08%)	64.84%	61.37%	(18.92%)	(46.48%)	66.79%	59.43%	(344.63%)	88.77%	(22,798.59%)	(94.21%)	178.86%	(350.17%)
YoY%			(145.20%)	76.34%	77.66%	76.53%	12.27%	93.27%	(4,697.71%)	(756.68%)	(16.46%)	(2,694.43%)
Earnings Per Share, Basic						(0.04$)	(0.04$)	(0.03$)	(0.08$)	(0.21$)	(0.05$)	(0.46$)		0.04$		0.02$
Earnings Per Share, Diluted			(0.98$)	(0.01$)	(0.01$)	(0.04$)	(0.50$)	(0.03$)	(0.08$)	(0.21$)	(0.05$)	(0.46$)		0.04$		0.02$
Unlevered FCF Per Share, Basic						0.06$	0.00$	(0.01$)	(0.03$)	0.00$	(0.04$)	(0.15$)		0.03$		0.06$
Unlevered FCF Per Share, Diluted			(0.20$)	(0.07$)	(0.03$)	0.06$	0.06$	(0.01$)	(0.03$)	0.00$	(0.04$)	(0.15$)		0.02$		0.05$
Average Shares, Basic						52,711,070	45,824,048	44,417,782	49,272,115	45,160,314	41,477,573	41,461,502		39,735,536		39,735,536
Average Shares, Diluted			4,742,167	56,184,348	98,959,565	52,711,070	3,818,671	44,417,782	49,272,115	45,160,314	41,477,573	41,461,502		40,025,153		44,533,059
EBIT			(4,432,816$)	(14,940$)	(1,043,143$)	(2,417,765$)	(1,642,357$)	(990,473$)	(1,789,451$)	(9,166,458$)	(1,894,242$)	(18,882,623$)	(128,157$)	1,324,464$	(1,367,242$)	541,527$
EBITDA			(4,421,299$)	(1,871$)	(1,029,934$)	(2,404,845$)	(1,625,511$)	(971,519$)	(1,779,195$)	(9,142,639$)	(1,870,689$)	(18,858,706$)	(91,164$)	1,368,463$	(1,318,609$)	592,572$

Copy Table ✓