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Companies / Industrials / SolarMax Technology, Inc.
SMXT

SolarMax Technology, Inc.

IndustrialsConstruction
Ticker SMXTRIVERSIDE, CAFiscal year ends DecemberBook value per share $-0.20Diluted shares 56.2M

SolarMax Technology, Inc. (Nasdaq: SOLR) operates as an integrated solar and renewable energy company headquartered in Riverside, California. The company's website is http://www.solarmaxtech.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-03-31
Sales & profitability
$90.98M
+295.8% year over year
Last 12 mo $98.89M
-6.92%
+137.1 percentage points
Last 12 mo -5.10%
$-6.33M
+81.9% year over year
Last 12 mo $-5.34M
51.80%
−130.8 percentage points
Last 12 mo 46.77%
Cash & financing
$0.50M
+105.5% year over year
Last 12 mo $-3.09M
$0.50M
+105.5% year over year
Last 12 mo $-3.09M
-2.09
Was -2.09× a year earlier
Last 12 mo -2.14
50.0M
+12.7% year over year
Last 12 mo 56.2M

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: SOLR) operates as an integrated solar and renewable energy company headquartered in Riverside, California. The company's website is http://www.solarmaxtech.com.

SolarMax Technology designs, installs, and sells photovoltaic solar energy systems and battery backup systems for residential and commercial customers, primarily throughout California. The company also provides commercial and industrial solar-based battery energy storage systems through engineering, procurement, and construction services. Additionally, SolarMax Technology offers LED lighting products and systems to commercial and governmental customers, along with financing services for solar system purchases through third-party leasing companies.

The company operates through four wholly-owned United States subsidiaries: SolarMax Renewable Energy Provider, Inc., which develops and installs photovoltaic and energy storage systems and performs EPC services; SolarMax LED, Inc., which handles commercial LED projects and governmental special projects; SolarMax Financial, Inc., which services existing customer loan portfolios; and SMX Capital, Inc., which owns and maintains renewable energy systems under existing leases and power purchase agreements. SolarMax Technology also maintains four wholly-owned subsidiaries outside the United States related to prior China operations, though these are not currently active.

For the fiscal year ended December 31, 2025, the company generated total revenue of approximately $91.0 million. The large-scale battery energy storage systems segment represented the most significant revenue contributor at 66.1 percent, driven primarily by an engineering, procurement, and construction contract with Longfellow BESS I, LLC for a 430 megawatt-hour facility in Texas. The company has installations at more than 12,000 homes and businesses. In March 2024, SolarMax Technology completed its initial public offering, issuing approximately 5.0 million shares at four dollars per share.

The company competes with local utility providers, established renewable energy companies including Tesla and NextEra Energy, and numerous smaller solar installation providers. Competition is primarily based on pricing and financing availability. SolarMax Technology maintains supply chain relationships with multiple tier-one vendors and leverages strategic relationships in project financing to deliver integrated battery storage and solar solutions.

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

Financial performance, year by year

Fiscal 2023–2025 · USD
$-48.35M$-8.19M$31.96M$72.12M$112.27M202320242025Last 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
1.8%
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
0.00%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
0.00%of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
0.00%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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