SolarMax Technology, Inc. reported meaningful year-over-year progress in its financial results for the second quarter ended June 30, 2025. The company's revenue increased by 53% compared to the prior year's second quarter.
Operating expenses were reduced by 20% year-over-year, demonstrating improved operational efficiency. The company reported a net loss of $1.9 million for the second quarter.
SolarMax highlighted the recently announced $127.3 million EPC contract for a 430-megawatt hour battery storage project in Texas, scheduled for June 2026. This project is expected to contribute substantially to the company's top line over the next four quarters, validating its strategic shift towards large-scale commercial and utility-scale projects.
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