SolarMax Technology, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $91.0M | $23.0M | $54.1M | $44.7M | — |
| Cost of revenue | $86.8M | $20.7M | $43.0M | $37.2M | — |
| Gross profit | $4.2M | $2.3M | $11.1M | $7.5M | — |
| Operating expenses | $10.5M | $35.4M | $10.7M | $15.5M | — |
| Operating income | -$6.3M | -$33.1M | $483,851 | -$8.0M | — |
| Interest expense | $1.4M | $1.6M | — | — | — |
| Pretax income | -$7.5M | -$33.3M | $370,592 | -$6.8M | — |
| Income tax expense | -$1.1M | $1.7M | -$64,194 | $41,432 | — |
| Net income | -$6.3M | -$35.0M | $434,786 | -$6.9M | — |
| Balance Sheet | |||||
| Cash and equivalents | $8.0M | $786,333 | $2.5M | $3.8M | $9.9M |
| Current assets | $75.3M | $20.9M | $19.9M | $29.1M | — |
| Total assets | $91.3M | $38.6M | $48.7M | $61.5M | — |
| Current liabilities | $95.7M | $34.7M | $43.4M | $46.5M | — |
| Total liabilities | $103.5M | $53.7M | $64.5M | $77.7M | — |
| Stockholders' equity | -$12.2M | -$15.1M | -$15.9M | -$16.2M | -$8.4M |
| Cash Flow Statement | |||||
| Cash from operations | $498,049 | -$9.1M | $4.1M | -$2.0M | — |
| Depreciation and amortization | $62,000 | $82,000 | $144,000 | $277,932 | — |
| Stock-based compensation | $520,721 | $18.5M | $0 | — | — |
| Capital expenditure | — | $0 | $27,999 | $83,466 | — |
| Free cash flow | — | -$9.1M | $4.1M | -$2.1M | — |
| Impairments | $0 | $7.5M | $0 | — | — |
Shares outstanding 56.9M · Free float 53.3%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.