{"id":949531,"date":"2026-04-07T10:02:57","date_gmt":"2026-04-07T14:02:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/solarmax-technology-reports-fiscal-year-2025-financial-results\/"},"modified":"2026-04-07T10:02:57","modified_gmt":"2026-04-07T14:02:57","slug":"solarmax-technology-reports-fiscal-year-2025-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/solarmax-technology-reports-fiscal-year-2025-financial-results\/","title":{"rendered":"SolarMax Technology Reports Fiscal Year 2025 Financial Results"},"content":{"rendered":"<div class=\"mw_release\">\n<p>RIVERSIDE, Calif., April  07, 2026  (GLOBE NEWSWIRE) &#8212; SolarMax Technology, Inc. (Nasdaq SMXT) (\u201cSolarMax\u201d or the \u201cCompany\u201d), an integrated solar energy company, reported financial results for the fiscal year ended December 31, 2025.<\/p>\n<p>\n        <strong>Fiscal Year 2025 Financial Highlights<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt\">Revenue: $91.0 million, up 296% from $23.0 million in 2024.<\/li>\n<li style=\"margin-bottom:8pt\">Gross profit: $4.2 million, up 83% from $2.3 million in 2024.\u00a0\u00a0<\/li>\n<li style=\"margin-bottom:8pt\">Total operating expense: $10.5 million, a $24.9 million reduction from $35.4 million in 2024.<\/li>\n<li style=\"margin-bottom:8pt\">Net loss: $6.3 million, or $0.13 per share, a $28.6 million improvement from a net loss of $35.0 million, or $0.79 per share in 2024.<\/li>\n<\/ul>\n<p>David Hsu, CEO of SolarMax, stated, \u201cWe delivered exceptional top-line growth in fiscal 2025, with revenue increasing nearly 300% year-over-year as we began recognizing contributions from our expanding engineering, procurement and construction (\u201cEPC\u201d) project portfolio. During the year ended December 31, 2025, we generated revenue of $60.2 million, representing 66% of our revenue, from EPC services pursuant to this contract. This momentum is underpinned by three previously announced strategically important BESS contracts for large-scale projects in Texas and Puerto Rico representing more than $500 million in expected revenue, based on the terms of the contracts.\u201d<\/p>\n<p>Hsu continued, \u201cWe remain confident in our ability to scale this platform and capitalize on the accelerating demand for energy storage infrastructure.\u201d<\/p>\n<p>\n        <strong>About SolarMax Technology Inc.<\/strong>\n      <\/p>\n<p>SolarMax, based in California and founded in 2008, is a leader within the solar and renewable energy sector focused on making sustainable energy both accessible and affordable. SolarMax has established a strong presence in southern California and, commencing in the third quarter of 2025, expanded its United States operations to include services for industrial EPC projects. SolarMax is looking to generate growth with strategic initiatives that aim to scale commercial solar development services and provide EPC services for industrial projects and LED lighting solutions in the US while expanding its residential solar operations. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hIh52g7Pa5mer59HB_KJfJ2NgHOqxQzhFsJISIv8lNZ8vm4Rs3vdKtBAv5n2VCnU5_vZlICrB3iFybOfWefBqXhX4v5ke0VQ0g8Pu-RAQ3U=\" rel=\"nofollow\" target=\"_blank\">www.solarmaxtech.com<\/a>.<\/p>\n<p>Any information contained on, or that can be accessed through, our website or any other website or any social media is not a part of this press release.<\/p>\n<p>\n        <strong>Forward Looking Statements<\/strong>\n      <\/p>\n<p>This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (\u201cSecurities Act\u201d) as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company&#8217;s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as \u201cbelieve,\u201d \u201cexpect,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201ccould,\u201d \u201cseek,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cgoal,\u201d \u201cproject,\u201d \u201cestimate,\u201d \u201canticipate,\u201d \u201cstrategy,\u201d \u201cfuture,\u201d \u201clikely\u201d or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company&#8217;s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company&#8217;s actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements are subject to risk and uncertainties, including, but not limited to, those factors described in \u201cCautionary Note on Forward-Looking Statements\u201d \u201cItem 1A. Risk Factors,\u201d and \u201cItem 7. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations,\u201d in the Company\u2019s Annual Report on Form 10-K for the year ended\u00a0December 31, 2025, as filed with the SEC on April 6, 2026. SolarMax undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by law. You should read this press release with the understanding that our actual future results may be materially different from what we expect.<\/p>\n<p>\n        <strong>Contact:<\/strong><br \/>\n        <br \/>For more information, contact:<br \/>Stephen Brown, CFO<br \/>(951) 300-0711<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY4NTE5OCM3NTIyNzY5IzIwODU5NDY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NDk2YWYwMTktZjc3MS00YmUwLThiYWEtYWUwNGQ2NjJlZGExLTEwOTc1MTctMjAyNi0wNC0wNy1lbg==\/tiny\/SolarMax-Technology-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RIVERSIDE, Calif., April 07, 2026 (GLOBE NEWSWIRE) &#8212; SolarMax Technology, Inc. (Nasdaq SMXT) (\u201cSolarMax\u201d or the \u201cCompany\u201d), an integrated solar energy company, reported financial results for the fiscal year ended December 31, 2025. Fiscal Year 2025 Financial Highlights Revenue: $91.0 million, up 296% from $23.0 million in 2024. Gross profit: $4.2 million, up 83% from $2.3 million in 2024.\u00a0\u00a0 Total operating expense: $10.5 million, a $24.9 million reduction from $35.4 million in 2024. Net loss: $6.3 million, or $0.13 per share, a $28.6 million improvement from a net loss of $35.0 million, or $0.79 per share in 2024. David Hsu, CEO of SolarMax, stated, \u201cWe delivered exceptional top-line growth in fiscal 2025, with revenue increasing nearly 300% year-over-year as we &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/solarmax-technology-reports-fiscal-year-2025-financial-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SolarMax Technology Reports Fiscal Year 2025 Financial Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-949531","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SolarMax Technology Reports Fiscal Year 2025 Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/solarmax-technology-reports-fiscal-year-2025-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SolarMax Technology Reports Fiscal Year 2025 Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RIVERSIDE, Calif., April 07, 2026 (GLOBE NEWSWIRE) &#8212; SolarMax Technology, Inc. (Nasdaq SMXT) (\u201cSolarMax\u201d or the \u201cCompany\u201d), an integrated solar energy company, reported financial results for the fiscal year ended December 31, 2025. Fiscal Year 2025 Financial Highlights Revenue: $91.0 million, up 296% from $23.0 million in 2024. Gross profit: $4.2 million, up 83% from $2.3 million in 2024.\u00a0\u00a0 Total operating expense: $10.5 million, a $24.9 million reduction from $35.4 million in 2024. Net loss: $6.3 million, or $0.13 per share, a $28.6 million improvement from a net loss of $35.0 million, or $0.79 per share in 2024. David Hsu, CEO of SolarMax, stated, \u201cWe delivered exceptional top-line growth in fiscal 2025, with revenue increasing nearly 300% year-over-year as we &hellip; Continue reading &quot;SolarMax Technology Reports Fiscal Year 2025 Financial Results&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/solarmax-technology-reports-fiscal-year-2025-financial-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-07T14:02:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY4NTE5OCM3NTIyNzY5IzIwODU5NDY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/solarmax-technology-reports-fiscal-year-2025-financial-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/solarmax-technology-reports-fiscal-year-2025-financial-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SolarMax Technology Reports Fiscal Year 2025 Financial Results\",\"datePublished\":\"2026-04-07T14:02:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/solarmax-technology-reports-fiscal-year-2025-financial-results\\\/\"},\"wordCount\":628,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/solarmax-technology-reports-fiscal-year-2025-financial-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY4NTE5OCM3NTIyNzY5IzIwODU5NDY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/solarmax-technology-reports-fiscal-year-2025-financial-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/solarmax-technology-reports-fiscal-year-2025-financial-results\\\/\",\"name\":\"SolarMax Technology Reports Fiscal Year 2025 Financial Results - 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(Nasdaq SMXT) (\u201cSolarMax\u201d or the \u201cCompany\u201d), an integrated solar energy company, reported financial results for the fiscal year ended December 31, 2025. Fiscal Year 2025 Financial Highlights Revenue: $91.0 million, up 296% from $23.0 million in 2024. Gross profit: $4.2 million, up 83% from $2.3 million in 2024.\u00a0\u00a0 Total operating expense: $10.5 million, a $24.9 million reduction from $35.4 million in 2024. Net loss: $6.3 million, or $0.13 per share, a $28.6 million improvement from a net loss of $35.0 million, or $0.79 per share in 2024. David Hsu, CEO of SolarMax, stated, \u201cWe delivered exceptional top-line growth in fiscal 2025, with revenue increasing nearly 300% year-over-year as we &hellip; Continue reading \"SolarMax Technology Reports Fiscal Year 2025 Financial Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/solarmax-technology-reports-fiscal-year-2025-financial-results\/","og_site_name":"Market Newsdesk","article_published_time":"2026-04-07T14:02:57+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY4NTE5OCM3NTIyNzY5IzIwODU5NDY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/solarmax-technology-reports-fiscal-year-2025-financial-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/solarmax-technology-reports-fiscal-year-2025-financial-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SolarMax Technology Reports Fiscal Year 2025 Financial Results","datePublished":"2026-04-07T14:02:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/solarmax-technology-reports-fiscal-year-2025-financial-results\/"},"wordCount":628,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/solarmax-technology-reports-fiscal-year-2025-financial-results\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY4NTE5OCM3NTIyNzY5IzIwODU5NDY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/solarmax-technology-reports-fiscal-year-2025-financial-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/solarmax-technology-reports-fiscal-year-2025-financial-results\/","name":"SolarMax Technology Reports Fiscal Year 2025 Financial Results - 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