Filing Flows › SolarMax Technology (SMXT) › Q1 2026
SolarMax Technology (SMXT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
SolarMax Technology (SMXT) reported revenue of $14.8M for the first quarter 2026 (Q1 2026), +114% from a year earlier and -68% from the quarter before. Operating margin was 0.6%, net loss $307K (2.1% of revenue).
SolarMax Technology, Q1 2026: revenue $14.8M (+114% year over year), operating margin 0.6%, net loss $307K, operating cash flow −$4.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.8M | -68% | +114% |
| Operating profit | $96K | — | — |
| Net earnings | −$307K | — | — |
| Operating cash flow | −$4.2M | — | — |
What changed
Revenue was $14.8M in Q1 2026, up 114% year over year and down 68% from the previous quarter.
Gross margin was 20.5%, up 0.1 points from Q1 2025. Operating profit was $96K, a 0.6% margin (up 17.3 points year over year). Operating expenses grew 15% against revenue growth of 114%. The fastest-growing cost line was General & admin (+17%). The quarter ended with a net loss of $307K, narrower than the previous quarter's $872K loss. Net interest and other expense of $409K was the main reason.
Operating cash flow was −$4.2M. Non-cash charges added back $13K of depreciation and amortization. Working capital and other items used $3.9M.
Questions
What was SolarMax Technology's revenue in the first quarter 2026?
SolarMax Technology (SMXT) reported revenue of $14.8M for the first quarter 2026 (Q1 2026), +114% from a year earlier and -68% from the quarter before.
Was SolarMax Technology profitable in the first quarter 2026?
Operating profit was $96K (0.6% of revenue) and net loss $307K.