SolarMax Technology Reports Q3 2025 Results: Revenue Up 383%, Net Loss Improves by $7.3 Million

Monday, Nov 17, 2025 7:02 am ET1min read
SMXT--

SolarMax Technology reported Q3 2025 financial results, with revenue of $30.6 million, up 383% YoY, and a net loss of $2.3 million, a $7.3 million improvement from Q3 2024. The company recognized its first revenues from a Texas battery storage project and expects gross profit to catch up with revenue as project milestones are completed. SolarMax's diversified end markets and ramp of industrial projects position the company for sustained growth and long-term shareholder value.

SolarMax Technology Reports Q3 2025 Results: Revenue Up 383%, Net Loss Improves by $7.3 Million

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