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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.

AlTi Global, Inc. is the larger business by last-quarter revenue ($86.6M vs $46.6M, roughly 1.9× SolarMax Technology, Inc.). SolarMax Technology, Inc. runs the higher net margin — -1.9% vs -15.1%, a 13.3% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 87.0%).

Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.

SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.

ALTI vs SMXT — Head-to-Head

Bigger by revenue
ALTI
ALTI
1.9× larger
ALTI
$86.6M
$46.6M
SMXT
Growing faster (revenue YoY)
SMXT
SMXT
+536.4% gap
SMXT
623.5%
87.0%
ALTI
Higher net margin
SMXT
SMXT
13.3% more per $
SMXT
-1.9%
-15.1%
ALTI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALTI
ALTI
SMXT
SMXT
Revenue
$86.6M
$46.6M
Net Profit
$-13.1M
$-872.2K
Gross Margin
2.7%
Operating Margin
-2.1%
-2.7%
Net Margin
-15.1%
-1.9%
Revenue YoY
87.0%
623.5%
Net Profit YoY
75.6%
77.7%
EPS (diluted)
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALTI
ALTI
SMXT
SMXT
Q4 25
$86.6M
$46.6M
Q3 25
$57.2M
$30.6M
Q2 25
$53.1M
$6.9M
Q1 25
$58.0M
$6.9M
Q4 24
$46.3M
$6.4M
Q3 24
$51.8M
$6.3M
Q2 24
$49.5M
Q1 24
$50.8M
Net Profit
ALTI
ALTI
SMXT
SMXT
Q4 25
$-13.1M
$-872.2K
Q3 25
$-84.1M
$-2.3M
Q2 25
$-24.4M
$-1.9M
Q1 25
$1.9M
$-1.3M
Q4 24
$-53.8M
$-3.9M
Q3 24
$-72.5M
$-9.6M
Q2 24
$-6.4M
Q1 24
$29.7M
Gross Margin
ALTI
ALTI
SMXT
SMXT
Q4 25
2.7%
Q3 25
3.1%
Q2 25
8.8%
Q1 25
20.5%
Q4 24
14.5%
Q3 24
19.9%
Q2 24
Q1 24
Operating Margin
ALTI
ALTI
SMXT
SMXT
Q4 25
-2.1%
-2.7%
Q3 25
-49.8%
-6.9%
Q2 25
-56.7%
-25.7%
Q1 25
-23.3%
-16.7%
Q4 24
-42.7%
-27.9%
Q3 24
-18.4%
-158.4%
Q2 24
-30.2%
Q1 24
-28.9%
Net Margin
ALTI
ALTI
SMXT
SMXT
Q4 25
-15.1%
-1.9%
Q3 25
-147.0%
-7.4%
Q2 25
-45.9%
-27.6%
Q1 25
3.3%
-18.7%
Q4 24
-116.1%
-60.6%
Q3 24
-140.0%
-152.0%
Q2 24
-12.9%
Q1 24
58.4%
EPS (diluted)
ALTI
ALTI
SMXT
SMXT
Q4 25
$-0.02
Q3 25
$-0.04
Q2 25
$-0.33
$-0.04
Q1 25
$-0.04
$-0.03
Q4 24
$-0.71
$-0.07
Q3 24
$-0.88
$-0.21
Q2 24
$-0.18
Q1 24
$0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALTI
ALTI
SMXT
SMXT
Cash + ST InvestmentsLiquidity on hand
$41.2M
$8.0M
Total DebtLower is stronger
$883.0K
Stockholders' EquityBook value
$600.1M
$-12.2M
Total Assets
$1.2B
$91.3M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTI
ALTI
SMXT
SMXT
Q4 25
$41.2M
$8.0M
Q3 25
$35.8M
$5.7M
Q2 25
$42.4M
$1.9M
Q1 25
$52.8M
$6.8M
Q4 24
$64.4M
$7.1M
Q3 24
$220.6M
$8.6M
Q2 24
$60.0M
Q1 24
$134.2M
Total Debt
ALTI
ALTI
SMXT
SMXT
Q4 25
$883.0K
Q3 25
$586.0K
Q2 25
$673.0K
Q1 25
Q4 24
$0
Q3 24
$128.4M
Q2 24
$164.0M
Q1 24
$183.7M
Stockholders' Equity
ALTI
ALTI
SMXT
SMXT
Q4 25
$600.1M
$-12.2M
Q3 25
$607.2M
$-11.8M
Q2 25
$685.4M
$-15.1M
Q1 25
$665.2M
$-15.9M
Q4 24
$658.4M
$-15.1M
Q3 24
$707.0M
$-10.9M
Q2 24
$540.2M
Q1 24
$510.9M
Total Assets
ALTI
ALTI
SMXT
SMXT
Q4 25
$1.2B
$91.3M
Q3 25
$1.2B
$58.7M
Q2 25
$1.2B
$38.2M
Q1 25
$1.2B
$38.6M
Q4 24
$1.3B
$38.6M
Q3 24
$1.4B
$43.0M
Q2 24
$1.3B
Q1 24
$1.3B
Debt / Equity
ALTI
ALTI
SMXT
SMXT
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
Q4 24
0.00×
Q3 24
0.18×
Q2 24
0.30×
Q1 24
0.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALTI
ALTI
SMXT
SMXT
Operating Cash FlowLast quarter
$-51.4M
$-2.5M
Free Cash FlowOCF − Capex
$-52.2M
FCF MarginFCF / Revenue
-60.3%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTI
ALTI
SMXT
SMXT
Q4 25
$-51.4M
$-2.5M
Q3 25
$-53.5M
$3.4M
Q2 25
$-19.9M
$220.7K
Q1 25
$-30.2M
$-601.1K
Q4 24
$-50.7M
$-1.3M
Q3 24
$-4.9M
$203.6K
Q2 24
$-30.2M
Q1 24
$-15.5M
Free Cash Flow
ALTI
ALTI
SMXT
SMXT
Q4 25
$-52.2M
Q3 25
Q2 25
$-20.0M
Q1 25
$-31.0M
Q4 24
$-58.2M
Q3 24
$-9.4M
Q2 24
$-31.2M
Q1 24
$-15.7M
FCF Margin
ALTI
ALTI
SMXT
SMXT
Q4 25
-60.3%
Q3 25
Q2 25
-37.6%
Q1 25
-53.4%
Q4 24
-125.7%
Q3 24
-18.2%
Q2 24
-63.2%
Q1 24
-30.9%
Capex Intensity
ALTI
ALTI
SMXT
SMXT
Q4 25
0.9%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.3%
Q4 24
16.3%
Q3 24
8.7%
0.0%
Q2 24
2.2%
Q1 24
0.4%
Cash Conversion
ALTI
ALTI
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
-15.80×
Q4 24
Q3 24
Q2 24
Q1 24
-0.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALTI
ALTI

Management Advisory Fees$51.1M59%
Other$32.7M38%
Distributions From Investments$2.9M3%

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

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