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

Cytek Biosciences, Inc. is the larger business by last-quarter revenue ($62.1M vs $46.6M, roughly 1.3× SolarMax Technology, Inc.). SolarMax Technology, Inc. runs the higher net margin — -1.9% vs -70.9%, a 69.1% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 8.1%).

Cytek Biosciences, Inc. develops, manufactures and sells high-performance flow cytometry systems, associated reagents and analysis software. Its solutions serve life science research, clinical diagnostics and biopharmaceutical sectors, with a global customer base across North America, Europe and the Asia-Pacific region.

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.

CTKB vs SMXT — Head-to-Head

Bigger by revenue
CTKB
CTKB
1.3× larger
CTKB
$62.1M
$46.6M
SMXT
Growing faster (revenue YoY)
SMXT
SMXT
+615.4% gap
SMXT
623.5%
8.1%
CTKB
Higher net margin
SMXT
SMXT
69.1% more per $
SMXT
-1.9%
-70.9%
CTKB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CTKB
CTKB
SMXT
SMXT
Revenue
$62.1M
$46.6M
Net Profit
$-44.1M
$-872.2K
Gross Margin
52.9%
2.7%
Operating Margin
-9.0%
-2.7%
Net Margin
-70.9%
-1.9%
Revenue YoY
8.1%
623.5%
Net Profit YoY
-557.1%
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
CTKB
CTKB
SMXT
SMXT
Q4 25
$62.1M
$46.6M
Q3 25
$52.3M
$30.6M
Q2 25
$45.6M
$6.9M
Q1 25
$41.5M
$6.9M
Q4 24
$57.5M
$6.4M
Q3 24
$51.5M
$6.3M
Q2 24
$46.6M
Q1 24
$44.9M
Net Profit
CTKB
CTKB
SMXT
SMXT
Q4 25
$-44.1M
$-872.2K
Q3 25
$-5.5M
$-2.3M
Q2 25
$-5.6M
$-1.9M
Q1 25
$-11.4M
$-1.3M
Q4 24
$9.6M
$-3.9M
Q3 24
$941.0K
$-9.6M
Q2 24
$-10.4M
Q1 24
$-6.2M
Gross Margin
CTKB
CTKB
SMXT
SMXT
Q4 25
52.9%
2.7%
Q3 25
52.7%
3.1%
Q2 25
52.3%
8.8%
Q1 25
48.6%
20.5%
Q4 24
58.5%
14.5%
Q3 24
56.3%
19.9%
Q2 24
54.6%
Q1 24
51.3%
Operating Margin
CTKB
CTKB
SMXT
SMXT
Q4 25
-9.0%
-2.7%
Q3 25
-17.6%
-6.9%
Q2 25
-23.3%
-25.7%
Q1 25
-36.1%
-16.7%
Q4 24
5.2%
-27.9%
Q3 24
-8.2%
-158.4%
Q2 24
-18.3%
Q1 24
-23.9%
Net Margin
CTKB
CTKB
SMXT
SMXT
Q4 25
-70.9%
-1.9%
Q3 25
-10.5%
-7.4%
Q2 25
-12.2%
-27.6%
Q1 25
-27.5%
-18.7%
Q4 24
16.8%
-60.6%
Q3 24
1.8%
-152.0%
Q2 24
-22.4%
Q1 24
-13.8%
EPS (diluted)
CTKB
CTKB
SMXT
SMXT
Q4 25
$-0.02
Q3 25
$-0.04
Q2 25
$-0.04
Q1 25
$-0.03
Q4 24
$-0.07
Q3 24
$-0.21
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
CTKB
CTKB
SMXT
SMXT
Cash + ST InvestmentsLiquidity on hand
$90.9M
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$341.7M
$-12.2M
Total Assets
$461.5M
$91.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTKB
CTKB
SMXT
SMXT
Q4 25
$90.9M
$8.0M
Q3 25
$93.3M
$5.7M
Q2 25
$75.5M
$1.9M
Q1 25
$95.3M
$6.8M
Q4 24
$98.7M
$7.1M
Q3 24
$162.3M
$8.6M
Q2 24
$177.9M
Q1 24
$168.8M
Stockholders' Equity
CTKB
CTKB
SMXT
SMXT
Q4 25
$341.7M
$-12.2M
Q3 25
$378.6M
$-11.8M
Q2 25
$377.6M
$-15.1M
Q1 25
$379.6M
$-15.9M
Q4 24
$395.7M
$-15.1M
Q3 24
$385.5M
$-10.9M
Q2 24
$389.1M
Q1 24
$392.6M
Total Assets
CTKB
CTKB
SMXT
SMXT
Q4 25
$461.5M
$91.3M
Q3 25
$494.9M
$58.7M
Q2 25
$493.3M
$38.2M
Q1 25
$482.6M
$38.6M
Q4 24
$499.5M
$38.6M
Q3 24
$491.2M
$43.0M
Q2 24
$483.7M
Q1 24
$492.1M

Cash Flow & Capital Efficiency

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

Metric
CTKB
CTKB
SMXT
SMXT
Operating Cash FlowLast quarter
$-771.0K
$-2.5M
Free Cash FlowOCF − Capex
$-1.8M
FCF MarginFCF / Revenue
-2.9%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTKB
CTKB
SMXT
SMXT
Q4 25
$-771.0K
$-2.5M
Q3 25
$-3.9M
$3.4M
Q2 25
$108.0K
$220.7K
Q1 25
$-125.0K
$-601.1K
Q4 24
$2.0M
$-1.3M
Q3 24
$13.2M
$203.6K
Q2 24
$6.2M
Q1 24
$4.0M
Free Cash Flow
CTKB
CTKB
SMXT
SMXT
Q4 25
$-1.8M
Q3 25
$-4.6M
Q2 25
$-1.5M
Q1 25
$-974.0K
Q4 24
$1.1M
Q3 24
$12.2M
Q2 24
$5.2M
Q1 24
$3.4M
FCF Margin
CTKB
CTKB
SMXT
SMXT
Q4 25
-2.9%
Q3 25
-8.7%
Q2 25
-3.2%
Q1 25
-2.3%
Q4 24
1.9%
Q3 24
23.7%
Q2 24
11.0%
Q1 24
7.6%
Capex Intensity
CTKB
CTKB
SMXT
SMXT
Q4 25
1.6%
Q3 25
1.3%
Q2 25
3.5%
Q1 25
2.0%
Q4 24
1.6%
Q3 24
2.0%
0.0%
Q2 24
2.3%
Q1 24
1.3%
Cash Conversion
CTKB
CTKB
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.21×
Q3 24
14.05×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTKB
CTKB

Products$46.6M75%
Services$15.5M25%

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

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