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 ...