Filing Flows › SolarMax Technology (SMXT) › Q2 2025
SolarMax Technology (SMXT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
SolarMax Technology (SMXT) reported revenue of $6.9M for the second quarter 2025 (Q2 2025), +55% from a year earlier and -0.6% from the quarter before. Operating margin was -25.7%, net loss $1.9M (27.6% of revenue).
SolarMax Technology, Q2 2025: revenue $6.9M (+54% year over year), operating margin -25.7%, net loss $1.9M, operating cash flow $221K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.9M | -0.6% | +55% |
| Operating profit | −$1.8M | — | — |
| Net earnings | −$1.9M | — | — |
| Operating cash flow | $221K | — | — |
What changed
Revenue was $6.9M in Q2 2025, up 55% year over year and down 1% from the previous quarter.
Gross margin was 8.8%, down 4.4 points from a year earlier. Operating costs exceeded revenue by $1.8M, an operating margin of -25.7%. Operating expenses fell 21% while revenue rose 55%. The quarter ended with a net loss of $1.9M, wider than the previous quarter's $1.3M loss.
Operating cash flow was $221K. Non-cash charges added back $17K of depreciation and amortization. Working capital and other items added $2.1M.
Questions
What was SolarMax Technology's revenue in the second quarter 2025?
SolarMax Technology (SMXT) reported revenue of $6.9M for the second quarter 2025 (Q2 2025), +55% from a year earlier and -0.6% from the quarter before.
Was SolarMax Technology profitable in the second quarter 2025?
Operating loss was $1.8M (-25.7% of revenue) and net loss $1.9M.