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10-Q

Quarterly Report

SolarMax Technology, Inc. SMXT

0001640334-25-001506

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Filed
Aug 14, 2025 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding Q2 2025 · Aug 1, 2025 54.3M sh
Shares Diluted Q2 2025 · Jun 30, 2025 45.82M sh
Shares Diluted Q2 2025 · Jun 30, 2025 45.37M sh
Shares Diluted Q2 2025 · Jun 30, 2024 41.48M sh
Shares Diluted Q2 2025 · Jun 30, 2024 43.23M sh
Operating Cash Flow Q2 2025 · Jun 30, 2025 −$380.43K
Operating Cash Flow Q2 2025 · Jun 30, 2024 −$8.02M
Short Term Debt Q2 2025 · Jun 30, 2025 $20.9M
Cash And Equivalents Q2 2025 · Jun 30, 2025 $1.92M
Cash And Equivalents Q2 2025 · Dec 31, 2024 $786.33K
Cash And Equivalents Q2 2025 · Jun 30, 2024 $1.36M
Cash And Equivalents Q2 2025 · Dec 31, 2023 $2.54M
Stockholders Equity Q2 2025 · Jun 30, 2025 −$15.11M
Stockholders Equity Q2 2025 · Mar 31, 2025 −$15.87M
Stockholders Equity Q2 2025 · Dec 31, 2024 −$15.08M
Stockholders Equity Q2 2025 · Jun 30, 2024 −$2.81M
Stockholders Equity Q2 2025 · Mar 31, 2024 −$585.24K
Stockholders Equity Q2 2025 · Dec 31, 2023 −$15.89M
Current Liabilities Q2 2025 · Jun 30, 2025 $39.8M
Current Liabilities Q2 2025 · Dec 31, 2024 $34.74M
Total Liabilities Q2 2025 · Jun 30, 2025 $53.35M
Total Liabilities Q2 2025 · Dec 31, 2024 $53.71M
Current Assets Q2 2025 · Jun 30, 2025 $21.54M
Current Assets Q2 2025 · Dec 31, 2024 $20.95M
Total Assets Q2 2025 · Jun 30, 2025 $38.24M
Total Assets Q2 2025 · Dec 31, 2024 $38.63M
Eps Diluted Q2 2025 · Jun 30, 2025 −$0.04
Eps Diluted Q2 2025 · Jun 30, 2025 −$0.07
Eps Diluted Q2 2025 · Jun 30, 2024 −$0.05
Eps Diluted Q2 2025 · Jun 30, 2024 −$0.50
Eps Basic Q2 2025 · Jun 30, 2025 −$0.04
Eps Basic Q2 2025 · Jun 30, 2025 −$0.07
Eps Basic Q2 2025 · Jun 30, 2024 −$0.05
Eps Basic Q2 2025 · Jun 30, 2024 −$0.50
Sga Expense Q2 2025 · Jun 30, 2025 $2.3M
Sga Expense Q2 2025 · Jun 30, 2025 $4.8M
Sga Expense Q2 2025 · Jun 30, 2024 $2.9M
Sga Expense Q2 2025 · Jun 30, 2024 $21.15M
Net Income Q2 2025 · Jun 30, 2025 −$1.9M
Net Income Q2 2025 · Jun 30, 2025 −$3.2M
Net Income Q2 2025 · Jun 30, 2024 −$2.16M
Net Income Q2 2025 · Jun 30, 2024 −$21.44M
Operating Income Q2 2025 · Jun 30, 2025 −$1.77M
Operating Income Q2 2025 · Jun 30, 2025 −$2.92M
Operating Income Q2 2025 · Jun 30, 2024 −$2.4M
Operating Income Q2 2025 · Jun 30, 2024 −$21.28M
Gross Profit Q2 2025 · Jun 30, 2025 $604.56K
Gross Profit Q2 2025 · Jun 30, 2025 $2.02M
Gross Profit Q2 2025 · Jun 30, 2024 $588.08K
Gross Profit Q2 2025 · Jun 30, 2024 $123.68K
Cost Of Revenue Q2 2025 · Jun 30, 2025 $6.28M
Cost Of Revenue Q2 2025 · Jun 30, 2025 $11.79M
Cost Of Revenue Q2 2025 · Jun 30, 2024 $3.87M
Cost Of Revenue Q2 2025 · Jun 30, 2024 $10.09M
Revenue Q2 2025 · Jun 30, 2025 $6.88M
Revenue Q2 2025 · Jun 30, 2025 $13.81M
Revenue Q2 2025 · Jun 30, 2024 $4.45M
Revenue Q2 2025 · Jun 30, 2024 $10.22M