Solarmax (SMXT) Revenue & Revenue Breakdown


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Solarmax Revenue Highlights


Latest Revenue (Y)

$22.99M

Latest Revenue (Q)

$30.60M

Main Geography (Y)

US

Solarmax Revenue by Period


Solarmax Revenue by Year

DateRevenueChange
2024-12-31$22.99M-57.54%
2023-12-31$54.14M21.07%
2022-12-31$44.72M18.49%
2021-12-31$37.74M-71.32%
2020-12-31$131.58M46.48%
2018-12-31$89.83M1.01%
2017-12-31$88.93M-

Solarmax generated $22.99M in revenue during NA 2024, up -57.54% compared to the previous quarter, and up 25.59% compared to the same period a year ago.

Solarmax Revenue by Quarter

DateRevenueChange
2025-09-30$30.60M344.62%
2025-06-30$6.88M-0.64%
2025-03-31$6.93M7.62%
2024-12-31$6.44M1.66%
2024-09-30$6.33M42.15%
2024-06-30$4.45M-22.72%
2024-03-31$5.76M-52.92%
2023-12-31$12.24M-14.22%
2023-09-30$14.27M-3.25%
2023-06-30$14.75M14.65%
2023-03-31$12.87M-10.88%
2022-12-31$14.44M27.23%
2022-09-30$11.35M21.75%
2022-06-30$9.32M-2.99%
2022-03-31$9.61M36.70%
2021-09-30$7.03M-51.39%
2021-06-30$14.46M-

Solarmax generated $30.60M in revenue during Q3 2025, up 344.62% compared to the previous quarter, and up 687.04% compared to the same period a year ago.

Solarmax Revenue Breakdown


Solarmax Revenue Breakdown by Product

Quarterly Revenue by Product

Product/ServiceSep 25Jun 25Mar 25
Segment Reporting$30.60M$6.88M$71.91K

Solarmax's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Segment Reporting (100.00%).

Solarmax Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23
US$562.05K

Solarmax's latest annual revenue breakdown by geography, as of Dec 23: US (100.00%).

Quarterly Revenue by Country

CountryMar 24
US$101.62K

Solarmax's latest quarterly revenue breakdown by geography, as of Mar 24: US (100.00%).

Solarmax Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
MAXNMaxeon Solar$1.12B$187.46M
KLXEKLX Energy Services$709.30M$166.70M
SPWRSunPower$108.74M$67.52M
SPRUSpruce Power$82.11M$30.73M
RCONRecon$67.11M$3.11M
PNSkycorp Solar Group$49.86M-
BEEMBeam Global$49.34M$5.79M
SMXTSolarmax$22.99M$30.60M
USEGU.S. Energy$20.62M$1.74M
VVPRVivoPower$15.10M$5.91M

SMXT Revenue FAQ


What is Solarmax’s yearly revenue?

Solarmax's yearly revenue for 2024 was $22.99M, representing a decrease of -57.54% compared to 2023. The company's yearly revenue for 2023 was $54.14M, representing an increase of 21.07% compared to 2022. SMXT's yearly revenue for 2022 was $44.72M, representing an increase of 18.49% compared to 2021.

What is Solarmax’s quarterly revenue?

Solarmax's quarterly revenue for Q3 2025 was $30.6M, a 344.62% increase from the previous quarter (Q2 2025), and a 383.34% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $6.88M, a -0.64% decrease from the previous quarter (Q1 2025), and a 54.52% increase year-over-year (Q2 2024). SMXT's quarterly revenue for Q1 2025 was $6.93M, a 7.62% increase from the previous quarter (Q4 2024), and a 20.18% increase year-over-year (Q1 2024).

What is Solarmax’s revenue growth rate?

Solarmax's revenue growth rate for the last 3 years (2022-2024) was -48.60%, and for the last 5 years (2020-2024) was -82.53%.