RIVERSIDE, Calif., April 07, 2026 (GLOBE NEWSWIRE) — SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” 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 $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, “We 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 (“EPC”) 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.”
Hsu continued, “We remain …