SolarMax Technology, Inc.(SMXT)Stock Analysis
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Rank #2,637 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
SMXT Stock Analysis & AI Quality Score
AI stock analysis and institutional research for SolarMax Technology, Inc. (SMXT), a Industrials sector company. 13F Pro's AI-powered ranking engine scores SMXT at 22.4/100 on a 32-signal composite quality model, placing it at rank #2,637 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include revenue growth (3.1) and revenue scale (12.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), SolarMax Technology, Inc. reports quarterly revenue of $14.8M, net income of $-306.7K, free cash flow of $-4.2M. Top institutional holders of SMXT by reported 13-F value include VANGUARD CAPITAL MANAGEMENT, GEODE CAPITAL MANAGEMENT,, VANGUARD FIDUCIARY CO, based on the most recent SEC filings. SMXT trades on the Nasdaq exchange and files with the SEC under CIK 1519472. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SMXT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SolarMax Technology, Inc. directly from SEC EDGAR. SolarMax Technology, Inc.'s 13F Pro composite quality score has ranged between 13 and 45 since 2024, currently 22.4 — an improving long-term trajectory across 10 quarterly and live scoring snapshots.
Revenue
Q1 2026
$14.8M
Net Income
Q1 2026
$-306.7K
Free Cash Flow
Q1 2026
$-4.2M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+21.1% YoYNet Income
+106.3% YoYOperating Income
+106.1% YoYEPS (Diluted)
+105.9% YoYTotal Assets
-20.9% YoYTotal Debt
Op. Cash Flow
+307.5% YoY| Metric | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Revenue | $54.1M +21.1% | $44.7M | — |
| Net Income | $434.8K +106.3% | $-6.9M | — |
| Operating Income | $483.9K +106.1% | $-8.0M | — |
| EPS (Diluted) | $0.01 +105.9% | $-0.17 | — |
| Total Assets | $48.7M -20.9% | $61.5M | — |
| Total Debt | $20.7M | — | — |
| Operating Cash Flow | $4.1M +307.5% | $-2.0M | — |
AI Insight: SMXT Financial Trends
Revenue surged 5.5× from Q2 2025 to Q3 2025, but profitability remains elusive and operating cash flow turned negative in Q4 2025.
• Revenue jumped from $7M (Q2 2025) to $31M (Q3 2025), then $47M (Q4 2025)—fastest growth in company history.
• Net losses narrowed to near-zero by Q1 2026 ($-0M), down from $-10M loss in Q3 2024.
• Total debt fluctuated $16M–$21M across period; equity remained negative throughout, indicating accumulated losses.
⚠ Operating cash flow swung negative ($-4M) in Q1 2026 despite revenue strength—cash conversion deteriorating.
⚠ Revenue collapsed 68% from Q4 2025 ($47M) to Q1 2026 ($15M)—sustainability of growth surge unclear.
AI Insight: SMXT Ratio Trends
SolarMax swung to positive operating margin in Q1 2026 after 18 consecutive quarters of losses, signaling operational turnaround.
• Operating margin improved from -2.7% (Q4 2025) to +0.7% (Q1 2026); net margin turned positive from -1.9% to -2.1%, showing cost control.
• ROA stabilized at -1.2% (Q1 2026) vs. -3.8% (Q4 2025); ROIC recovered to +5.8% from -63.3% in prior quarter, first positive in 6 quarters.
• TTM operating margin stands at -5.1%, reflecting seasonal mix; trajectory from -25.7% (Q2 2025) to +0.7% shows sustained operational improvement.
⚠ Net profit margin remains underwater at -2.1% despite positive operating margin, indicating persistent below-the-line headwinds or balance-sheet drains.
⚠ ROA still negative at -1.2%, suggesting asset base not yet generating positive returns; validate sustainability of margin recovery against absolute profitability.
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Available Research
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Top Institutional Holders of SMXT
VANGUARD CAPITAL MANAGEMENT LLC
$441.6K629,921 shGEODE CAPITAL MANAGEMENT, LLC
$317.8K453,257 shVANGUARD FIDUCIARY TRUST CO
$136.8K195,104 shUBS Group AG
$118.4K168,954 shBlackRock, Inc.
$76.5K109,150 shNORTHERN TRUST CORP
$76.1K108,525 shXTX Topco Ltd
$72.8K103,782 shTWO SIGMA INVESTMENTS, LP
$43.4K61,828 shRENAISSANCE TECHNOLOGIES LLC
$40.3K57,483 shTWO SIGMA SECURITIES, LLC
$23.5K33,522 sh
| Fund | Value | Shares |
|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $441.6K | 629,921 |
| GEODE CAPITAL MANAGEMENT, LLC | $317.8K | 453,257 |
| VANGUARD FIDUCIARY TRUST CO | $136.8K | 195,104 |
| UBS Group AG | $118.4K | 168,954 |
| BlackRock, Inc. | $76.5K | 109,150 |
| NORTHERN TRUST CORP | $76.1K | 108,525 |
| XTX Topco Ltd | $72.8K | 103,782 |
| TWO SIGMA INVESTMENTS, LP | $43.4K | 61,828 |
| RENAISSANCE TECHNOLOGIES LLC | $40.3K | 57,483 |
| TWO SIGMA SECURITIES, LLC | $23.5K | 33,522 |
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Popular Research
Is SMXT a good stock to buy?
13F Pro's AI-powered analysis of SolarMax Technology, Inc. (SMXT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SMXT are available on the SMXT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own SMXT?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SMXT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SolarMax Technology, Inc.'s investment landscape.