Solarmax Technology Inc. (SMXT)

Nasdaq: SMXT · Construction - Special Trade Contractors · Riverside, CA · filing with the SEC since 2011

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Grade4.5

◀ Past 3.2● Present 4.5▶ Future 6.7

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Solarmax Technology Inc.

Nine metrics read from its own filings, by tense

Headline grade

4.5/10

◀ Past3.240% of the headline

● Present4.535% of the headline

▶ Future6.725% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

1.6/10

Has it survived what it has been through?

10 warning events since 2017; the latest 2026-08-21.

weight 33% of this tense · 16th percentile among 19 sector filers · read for itself

From the record

Solarmax Technology Inc.'s filings since 2017 show 10 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 5 times, the latest 2026-08-21); an auditor change (8-K item 4.01, the latest 2025-05-05); a late-report notice (Form NT 10-K or NT 10-Q, 4 times, the latest 2026-08-17) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

4.4/10

What has it actually done, year after year?

+26.7% a year over 4 filed years; profitable in 1 of 4.

weight 45% of this tense · 44th percentile among 19 sector filers · read for its customers

From the record

Solarmax Technology Inc.'s 4 filed years say what it did: revenue went from $45 million in fiscal 2022 to $91 million in fiscal 2025, up 26.7% a year; it rose in 2 of 3 years; the deepest fall was 58% from fiscal 2023 to fiscal 2024; net income was positive in 1 of 4 of those years (its annual reports).

What it rests on

revenue growth over the filed span26.7%top 24% of its family
the share of years revenue rosebottom 47% of its family
the share of filed years with a profitbottom 34% of its family
the deepest fall from a revenue peak57.5%bottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

3.0/10

How has it treated the people who own it?

SI estimate 3.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 30th percentile among 17 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 30% of 17 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 17 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Solarmax Technology Inc.'s shareholder treatment is put at 3.0 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 30% of 17 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.5/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

2.5/10

Is it financially healthy right now?

Leverage 113%: owes 113¢ per asset dollar.

weight 33% of this tense · 25th percentile among 19 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Solarmax Technology Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 5 cents per dollar of everything the company owns. Leverage: it owed about 113 cents per dollar of assets, and net share issuance: its share count grew 12.7% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 13% of its family
gross profit against assetsbottom 19% of its family
the share count against the year beforebottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.5/10

How strong is its position in its industry?

top 45% of 19 in its family; net margin -7%.

weight 45% of this tense · 55th percentile among 19 sector filers · read for its customers

From the record

Solarmax Technology Inc.'s standing among 19 graded names in its industry family: revenue of $91 million in fiscal 2025 ranks in the top 50% by size; a net margin of -7% ranks in the top 50%; revenue growth of 26.7% a year over the last 3 filed years ranks in the top 34% (its annual reports).

What it rests on

revenue against the family$91.0Mtop 50% of its family
net margin-7.0%top 50% of its family
three-year revenue growth26.7%top 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.4/10

What are the people in charge doing?

SI estimate 5.4/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: No officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read: No officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 8 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Solarmax Technology Inc.'s leadership is put at 5.4 of 10 with a confidence of 20 of 100, because no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.7/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

4.8/10

How much room does it have to grow?

bottom 48% of 19 in its family for room to expand.

weight 33% of this tense · 48th percentile among 19 sector filers · read for itself

From the record

Solarmax Technology Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $8 million against no long-term debt tagged leaves 8.7% of its assets as net cash, top 31% of its family; cash from operations less capital spending is 0.5% of revenue (top 45%); a gross margin of 4.6% (bottom 19%) (its annual report).

What it rests on

cash less debt against assets8.7%top 31% of its family
cash from operations less capital spending against revenue0.5%top 45% of its family
gross margin4.6%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

7.0/10

What could actually drive growth from here?

top 30% of 19 in its family for growth drivers.

weight 33% of this tense · 70th percentile among 19 sector filers · read for its customers

From the record

Solarmax Technology Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 26.7% a year over the last three filed years against 26.7% over all 4, speeding up (bottom 42% of its family); the newest year grew 296.2% (top 3%) (its annual reports). Solarmax Technology Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+0.0 points a yearbottom 42% of its family
the newest year's revenue growth296.2%top 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

8.3/10

Did its newest year beat what its own record pointed to?

top 17% of 15 in its family for expectations against reality.

weight 33% of this tense · 83rd percentile among 15 sector filers · read for its shareholders

From the record

Solarmax Technology Inc.'s newest year against its own record: revenue of $91 million in fiscal 2025 came in 451.9% above the $16 million its prior three years' pace pointed to (top 3% of its family); net income of $6 million against a prior three-year average of $14 million (top 37%); a net margin of -7% against -55.6% before (top 10%) (its annual reports).

What it rests on

revenue against the prior three years' pace451.9%top 3% of its family
net income against the prior three years' average+54%top 37% of its family
net margin against its prior average+48.6 pointstop 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SMXT · research, not advice