SMXTNasdaqConstruction - Special Trade ContractorsUS GAAP · USD

SolarMax Technology, Inc.

SolarMax Technology, Inc. is a U.S.-based integrated solar and renewable energy company founded in 2008. It designs, sells, and installs photovoltaic solar systems and battery backup systems for residential and commercial customers, and also provides LED systems and related services for government and commercial users.

Liikevaihto91,0milj. USD
+295,8 %v/v
Liikevoitto (EBIT)−6,3milj. USD
+81,0 %v/v
EBIT-marginaali−6,9%
+137,1 %-yks.v/v
Nettotulos−6,3milj. USD
+81,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−50−250255075100milj. USD2022: 45 milj. USD2022: EBIT −8,0 milj. USD20222023: 54 milj. USD2023: EBIT 0,48 milj. USD20232024: 23 milj. USD2024: EBIT −33 milj. USD20242025: 91 milj. USD2025: EBIT −6,3 milj. USD202591−6,3
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Residential solar systems45 %

Design and installation of photovoltaic systems for homeowners, often sold through direct and dealer channels.

Commercial solar and battery systems30 %

Larger solar and storage systems sold to commercial users and project developers.

Battery sales10 %

Standalone battery products sold outside of bundled solar installations.

LED systems and services10 %

LED products and related services sold to government and commercial customers.

Industrial EPC and BESS projects5 %

Engineering, procurement, and construction work for battery energy storage facilities.

Asiakkaat

SolarMax sells primarily to residential homeowners and commercial end users that want lower electricity costs and on-site power generation. It also serves government and commercial buyers for LED systems, and it works with independent dealers and homebuilders to reach new customers. Larger commercial and industrial projects are an important extension of the business model because they broaden the addressable market beyond rooftop residential solar.

Residential homeowners

Buy rooftop photovoltaic systems and battery backup to reduce utility bills and improve energy resilience.

Commercial customers

Buy larger solar and storage systems for energy savings and site power needs.

Independent dealers

Originate and sell SolarMax products through a non-exclusive dealer network to expand customer reach.

Government and commercial LED buyers

Purchase LED systems and services for lighting efficiency and related upgrades.

Homebuilders and new-home buyers

Use solar design and installation arrangements in new residential developments.

Strategia

SolarMax is broadening its mix beyond residential solar by pursuing more commercial sales, larger systems, and battery energy storage projects. It is also using a dealer network and selective homebuilder relationships to widen customer acquisition and reduce reliance on any single channel or market.

Grow commercial and industrial solar/storage salesLyhyt aikaväli

Commercial projects can offset weaker residential demand and increase average project size.

Scale dealer network distributionLyhyt aikaväli

Independent dealers extend sales reach without owning the full customer acquisition process.

Win new-home and project-based solar workKeskipitkä aikaväli

Homebuilder and development contracts can create repeatable installation volume.

Maantiede

SolarMax is primarily conducted in the United States, with California highlighted as a key operating market. Its business is tied to state-level solar economics, utility rates, permitting, weather, and incentive structures, which can materially affect installation activity and customer demand.

Riskit

SolarMax is exposed to demand swings in residential solar, especially in California, where policy changes and weather can affect installation volumes. It also depends on third-party dealers, project execution, and incentive structures, while its solar and storage assets may require impairment review if expected cash flows weaken.

Järjestetty vakavuuden mukaan
Residential solar policy and incentive riskKorkea

Demand is sensitive to tax credits and net metering rules that affect customer payback economics.

Kohdistuu: California and U.S. residential solar

Project execution and contract riskKorkea

Commercial and EPC projects require timely completion, subcontractor coordination, and fixed-price discipline.

Kohdistuu: BESS and commercial solar projects

Weather and installation disruptionKeskitaso

Rain and other conditions can delay site work and push revenue recognition into later periods.

Kohdistuu: California installations

Dealer channel dependenceKeskitaso

A growing share of sales comes through independent dealers, which can affect lead quality and margins.

Kohdistuu: U.S. sales channel

Asset impairment riskKeskitaso

Long-lived assets and related intangibles must be supported by expected future cash flows.

KohdistuuGoodwillEquipmentIntangibles

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition on solar and EPC projects

Revenue may be recognized as installations are completed or project milestones are met, affecting quarter-to-quarter comparability.

Vaikutus: Solar systems, batteries, and BESS contracts

Dealer commissions in cost of revenue

Dealer-originated sales carry commission expense that affects gross profit presentation.

Vaikutus: Dealer network channel economics

Impairment of long-lived assets and intangibles

Management must test whether asset carrying values are recoverable using future cash flow estimates.

Vaikutus: Potential impairment charges

Income tax estimation

Deferred tax assets and liabilities depend on estimates of taxable income and jurisdictional differences.

Vaikutus: Tax expense and deferred tax balances

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 29.4.2026

SolarMax Technology, Inc. (SMXT) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo