Solarmax Technology Inc. (SMXT) AI Stock Analysis

Solarmax Technology Inc. operates as a fully integrated solar energy company with operations spanning across the United States and China. The company sells and installs photovoltaic and battery backup systems, provides financing options for these systems, and distributes LED systems. In addition, Solarmax Technology identifies and acquires solar farm projects, facilitating their resale to third-party entities while offering comprehensive engineering, procurement, and construction services for these projects. Serving residential, commercial, and government sectors, the company has operated since 2008 and is headquartered in Riverside, California.

Between FY2021 and FY2025, revenue fluctuated widely, dropping 57.5% in FY2024 to $23.0M before rebounding 295.8% to $91.0M in FY2025. Over the five years from FY2020 to FY2025, revenue experienced a compound annual growth rate of -7.1%. Profitability remains pressured, as gross margin compressed from 20.6% in FY2023 to 4.6% in FY2025. In FY2025, operating margin was -8.1% and net income was -$6.3M, or -$0.30 per share. For the trailing twelve months ended September 30, 2026, revenue stood at $102.2M with quarterly revenue growing 48.8% year-over-year, while the net profit margin was -7.9% and diluted EPS was -$1.77.

As of September 30, 2026, Solarmax Technology held $2.2M in cash and short-term investments against $36.0M in total debt, leaving net debt at $33.9M. The company maintains negative shareholders' equity of -$16.1M against total assets of $110.5M, alongside a current ratio of 0.98. In FY2025, operating cash flow turned positive to $498,049, while capital expenditures were $1, yielding free cash flow of $498,050. Over the past five years, the company's share count increased by 27.9%.

SMXT trades at an enterprise value to revenue multiple of 0.4x and a price-to-sales multiple of 0.2x, which sits below the 2.8x price-to-sales median of its US-listed Technology peers. Its enterprise value to EBITDA ratio of 169.8x stands well above the peer median of 16.6x. At a market capitalization of $23.3M, the stock closed at $4.91 on October 16, 2026. SMXT has declined 58.4% over the past year and 50.2% year-to-date, underperforming the S&P 500 benchmark ETF return of 16.8% over the past twelve months.

No Wall Street analyst ratings, consensus price targets, or earnings per share projections are currently available for Solarmax Technology. The company does not have published consensus revenue estimates or an upcoming earnings report date recorded. Over its recent reporting history, the company posted an EPS of -$0.30 for FY2025 and a trailing twelve-month EPS of -$1.77 as of September 30, 2026. Without published target prices, the stock's recent market pricing relies primarily on its last closing price of $4.91.

This page is an AI-written research summary of Solarmax Technology Inc. (SMXT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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