The dramatic revenue growth and cost reduction signal a successful operational turnaround. Traders should monitor the execution of the $500M+ BESS contract pipeline and future EPC margin sustainability.
Price Chart
Executive Summary
SolarMax Technology reported fiscal year 2025 results with revenue of $91.0 million, up 296% YoY, and a net loss of $6.3 million ($0.13/share), a significant improvement from a $35.0 million loss in 2024. The company highlighted a $24.9 million reduction in operating expenses and strong EPC project growth.
Key Financial Metrics
Key Facts
- Revenue: $91.0 million (296% increase from $23.0 million in 2024)
- Gross profit: $4.2 million (83% increase from $2.3 million in 2024)
- Total operating expense: $10.5 million (down $24.9 million from $35.4 million in 2024)
- Net loss: $6.3 million, or $0.13 per share (improved from $35.0 million, or $0.79 per share in 2024)
- 66% of revenue ($60.2 million) came from EPC services
- Backed by over $500 million in expected revenue from BESS contracts in Texas and Puerto Rico
Financial Impact
Revenue grew nearly 3x while net loss narrowed by $28.7 million, driven by a 70% reduction in operating expenses.
Risk Factors
- Company remains unprofitable (net loss of $6.3M)
- Heavy reliance on a few large EPC contracts for revenue
- Forward-looking statements about future demand and scalability carry execution risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001640334-26-000665 |
| Document: solarmax_ex991.htm | 0001640334-26-000665 |
| Document: 0001640334-26-000665-index-headers.html | 0001640334-26-000665 |
| Document: 0001640334-26-000665-index.html | 0001640334-26-000665 |
| Document: 0001640334-26-000665.txt | 0001640334-26-000665 |
| 8-K Data (Synthetic) | 0001640334-26-000665 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | 8-K | $4.84 $4.55 | ▲ +5.99% | ▲ +4.50% | $4.35 (+10.12%) |
Aug 11, 2026 11w ago | 8-K | $4.22 $3.83 | ▲ +9.33% | ▲ +8.92% | $4.35 (−2.98%) |
Jun 30, 2026 17w ago | 8-K | $0.3560 $0.3794 | ▼ −6.57% | ▼ −5.78% | $4.35 (−1121.91%) |
May 18, 2026 23w ago | 8-K | $0.5420 $0.5700 | ▲ +5.17% | ▲ +3.55% | $4.35 (+702.58%) |
May 18, 2026 23w ago | Press Release | $0.5420 $0.5700 | ▲ +5.17% | ▲ +3.55% | $4.35 (+702.58%) |
Apr 7, 2026 29w ago | 8-K | $0.6210 $0.6030 | ▼ −2.90% | ▼ −8.23% | $4.35 (+600.48%) |
Apr 7, 2026 29w ago | Press Release | $0.6210 $0.6030 | ▼ −2.90% | ▼ −8.23% | $4.35 (+600.48%) |
US Market Status
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