SolarMax Technology, Inc.
solarmaxtech.comWhat Do They Do?
Builds large-scale battery storage projects for commercial project owners, and sells and installs solar and battery systems for homes and businesses.
10-K for FY2025, filed Apr 6, 2026
How Do They Make Money?
Commercial project owners are billed as construction progresses; solar and battery customers pay in stages, from a down payment at signing through delivery, installation and final approval.
10-K for FY2025, filed Apr 6, 2026
$91M
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10-K for FY2025, filed Apr 6, 2026
$91M ↗
Who Are Their Customers?
Residential and commercial customers buy solar and battery systems directly or through independent licensed dealers that handle sales; commercial project owners contract for battery storage projects.
10-K for FY2025, filed Apr 6, 2026The Company sells solar energy and battery storage systems to residential and commercial customers in California and recognizes revenue net…View ↗
In the fourth quarter of 2023, we began to work with several independent dealers which form our dealer network. Our dealer network is…View ↗
On July 31, 2025, SREP entered into an EPC agreement (the “Longfellow Contract”) with Longfellow, a Texas limited liability company, for an…View ↗
10-K for FY2025, filed Apr 6, 2026
For the years ended December 31, 2025, one customer, Longfellow, accounted for $60.2 million, or 66.1%, of revenues, $9.4 million, or…View ↗
Do Revenues Turn Into Profits?
No. It lost $6.3M in FY2025.
10-K for FY2025, filed Apr 6, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Oct 8, 2026
−$4.7MView ↗
- ▲ +145% (Loss)
- vs −$1.9M in Q2 FY2025
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Aug 21, 2026
Nasdaq issued a listing notice after the company missed a quarterly filing
The company has 60 calendar days from August 20, 2026 to submit a plan to regain compliance.
Sources
8-K, filed Aug 21, 2026
On August 20, 2026, SolarMax Technology, Inc. (the “Company”) received a notice from The Nasdaq Stock Market (“Nasdaq”) that the Company…View ↗
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Jun 30, 2026
Nasdaq said the company fell short of a minimum market-value listing rule
The compliance period expires on December 21, 2026.
Sources
8-K, filed Jun 30, 2026
On June 22, 2026, SolarMax Technology, Inc. (the “Company”) received a notice from The Nasdaq Stock Market that the Company does not meet…View ↗
Who Do They Compete With?
Competes with Sungrow, Tesla, and NextEra Energy
10-K for FY2025, filed Apr 6, 2026With respect to BESS systems, we compete and operate alongside established industry leaders such as Sungrow, Tesla, and NextEra Energy.…View ↗
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