SolarMax Tech reports FY2025 revenue of $91M, up 296% YoY; net loss narrows to $6.3M

SolarMax Technology, Inc.

Revenue $91.0M vs $23.0M in FY2024; gross profit $4.2M, up 83% YoY.
Net loss improved to $6.3M ($0.13/share) from $35.0M ($0.79/share) in 2024.
EPC services generated $60.2M, representing 66% of total revenue.
Three large BESS contracts in Texas and Puerto Rico represent >$500M expected revenue.
Total operating expenses reduced to $10.5M from $35.4M in prior year.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SolarMax Technology, Inc. reported the fiscal year ended December 31, 2025 results: revenue $91.0 million, net income Net loss: $35.0 million, EPS $0.79 per share.

Period: the fiscal year ended December 31, 2025
Revenue: $91.0 million
Net income: Net loss: $35.0 million
EPS: $0.79 per share
Result: reported results

Exact text from the filing

or the “Company”), 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. · Total operating expense: $10.5 million, a $24.9 million reduction from

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Source: SEC EDGAR

accession 0001640334-26-000665

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