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Companies / Industrials / SolarMax Technology, Inc.
SMXT

SolarMax Technology, Inc.

IndustrialsConstruction
Ticker SMXTRIVERSIDE, CAFiscal year ends DecemberBook value per share $-3.42Diluted shares 4.7M

SolarMax Technology, Inc. (Nasdaq: SMXT) is an integrated solar and renewable energy company whose primary business since the third quarter of 2025 is engineering, procurement and construction (EPC) services for large-scale battery energy storage systems (BESS). Its customers for these projects own and operate the… From the company’s description.

Over the twelve months to Jun 30, 2026, SolarMax Technology, Inc. reported revenue of $102.25M, up 284.7% from a year earlier, and a net loss of $8.09M. Its operating margin was −7.6%, and operations used $4.28M in cash. In fiscal 2025, it reported revenue of $90.98M, up 295.8% from fiscal 2024, and a net loss of $6.33M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$90.98MFY2025
+295.8% year over year
Last 12 mo $102.25M
-6.92%FY2025
+137.1 percentage points
Last 12 mo -7.56%
$-6.33MFY2025
+81.9% year over year
Last 12 mo $-8.09M
51.80%FY2025
−133 percentage points
Last 12 mo 50.27%
Cash & financing
$0.50MFY2025
+105.5% year over year
Last 12 mo $-4.28M
$0.50MFY2025
+105.5% year over year
Last 12 mo $-4.28M
-2.09FY2025
Was -2.09× a year earlier
Last 12 mo -1.51
50.0MFY2025
+12.7% year over year
Last 12 mo 4.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What SolarMax Technology, Inc. does

In the company’s own words

SolarMax Technology, Inc. (Nasdaq: SMXT) is an integrated solar and renewable energy company whose primary business since the third quarter of 2025 is engineering, procurement and construction (EPC) services for large-scale battery energy storage systems (BESS). Its customers for these projects own and operate the facilities, which store electricity for later distribution. SolarMax also designs, sells and installs photovoltaic and battery systems for residential and commercial customers, currently in California, and provides commercial LED lighting products and installation services. The company’s U.S. operations include solar and storage systems, LED projects, legacy customer financing and ownership and maintenance of systems under existing leases; its China subsidiaries have not been actively engaged in business since 2021. In 2025, SolarMax generated $60.2 million of revenue from its Longfellow BESS EPC project, representing 66.1% of total revenue, and had installations at more than 12,000 homes and businesses. It was founded in 2008 and began China operations in 2015. Its website is http://www.solarmaxtech.com.

Company details
Sector
Industrials
Industry (SIC)
Construction
Headquarters
RIVERSIDE, CA
Fiscal year end
December
CIK
1519472
SIC
1700

Financial performance, year by year

Fiscal 2023–2025 · USD
$-48.68M$-7.52M$33.64M$74.81M$115.97M202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns SolarMax Technology, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

6
funds hold it
0 of 35
superinvestors hold it
$0.43M
held by funds, at market
21.4%
of shares held by funds

Largest fund holders · SolarMax Technology, Inc.’s weight in each

Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Total Market Index Fund
FSKAX · Fidelity Concord Street Trust
—of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do SolarMax Technology, Inc. and its peers compare on margins and cash generation over ten years?”
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