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Side-by-side financial comparison of SolarMax Technology, Inc. (SMXT) and System1, Inc. (SST). Click either name above to swap in a different company.
System1, Inc. is the larger business by last-quarter revenue ($51.9M vs $46.6M, roughly 1.1× SolarMax Technology, Inc.). SolarMax Technology, Inc. runs the higher net margin — -1.9% vs -26.0%, a 24.1% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs -31.3%).
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.
System1 is an American Internet advertising company. Formerly known as OpenMail, it was founded in 2013. It describes itself as operating a "Responsive Acquisition Marketing Platform", and cites privacy as one of its principal foci, although it has been criticized for its influence on privacy-focused properties, including search engine Startpage.com. It is headquartered in Marina del Rey, California.
SMXT vs SST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.6M | $51.9M |
| Net Profit | $-872.2K | $-13.5M |
| Gross Margin | 2.7% | 41.0% |
| Operating Margin | -2.7% | -33.6% |
| Net Margin | -1.9% | -26.0% |
| Revenue YoY | 623.5% | -31.3% |
| Net Profit YoY | 77.7% | 4.8% |
| EPS (diluted) | $-0.02 | $-3.58 |
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.
| Q4 25 | $46.6M | $51.9M | ||
| Q3 25 | $30.6M | $61.6M | ||
| Q2 25 | $6.9M | $78.1M | ||
| Q1 25 | $6.9M | $74.5M | ||
| Q4 24 | $6.4M | $75.6M | ||
| Q3 24 | $6.3M | $88.8M | ||
| Q2 24 | — | $94.6M | ||
| Q1 24 | — | $84.9M |
| Q4 25 | $-872.2K | $-13.5M | ||
| Q3 25 | $-2.3M | $-18.5M | ||
| Q2 25 | $-1.9M | $-17.5M | ||
| Q1 25 | $-1.3M | $-15.9M | ||
| Q4 24 | $-3.9M | $-14.2M | ||
| Q3 24 | $-9.6M | $-23.6M | ||
| Q2 24 | — | $-26.4M | ||
| Q1 24 | — | $-10.5M |
| Q4 25 | 2.7% | 41.0% | ||
| Q3 25 | 3.1% | 36.9% | ||
| Q2 25 | 8.8% | 35.7% | ||
| Q1 25 | 20.5% | 38.2% | ||
| Q4 24 | 14.5% | 42.1% | ||
| Q3 24 | 19.9% | 28.0% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | -2.7% | -33.6% | ||
| Q3 25 | -6.9% | -25.3% | ||
| Q2 25 | -25.7% | -20.4% | ||
| Q1 25 | -16.7% | -17.6% | ||
| Q4 24 | -27.9% | -15.7% | ||
| Q3 24 | -158.4% | -24.6% | ||
| Q2 24 | — | -30.8% | ||
| Q1 24 | — | -30.4% |
| Q4 25 | -1.9% | -26.0% | ||
| Q3 25 | -7.4% | -30.1% | ||
| Q2 25 | -27.6% | -22.4% | ||
| Q1 25 | -18.7% | -21.3% | ||
| Q4 24 | -60.6% | -18.7% | ||
| Q3 24 | -152.0% | -26.6% | ||
| Q2 24 | — | -27.9% | ||
| Q1 24 | — | -12.4% |
| Q4 25 | $-0.02 | $-3.58 | ||
| Q3 25 | $-0.04 | $-2.30 | ||
| Q2 25 | $-0.04 | $-2.23 | ||
| Q1 25 | $-0.03 | $-0.21 | ||
| Q4 24 | $-0.07 | $-3.41 | ||
| Q3 24 | $-0.21 | $-3.37 | ||
| Q2 24 | — | $-3.80 | ||
| Q1 24 | — | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.0M | $86.9M |
| Total DebtLower is stronger | — | $305.1M |
| Stockholders' EquityBook value | $-12.2M | $30.5M |
| Total Assets | $91.3M | $405.0M |
| Debt / EquityLower = less leverage | — | 10.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.0M | $86.9M | ||
| Q3 25 | $5.7M | $54.6M | ||
| Q2 25 | $1.9M | $63.6M | ||
| Q1 25 | $6.8M | $43.9M | ||
| Q4 24 | $7.1M | $63.6M | ||
| Q3 24 | $8.6M | $69.1M | ||
| Q2 24 | — | $75.7M | ||
| Q1 24 | — | $69.9M |
| Q4 25 | — | $305.1M | ||
| Q3 25 | — | $259.2M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $267.4M | ||
| Q4 24 | — | $255.1M | ||
| Q3 24 | — | $259.2M | ||
| Q2 24 | — | $263.3M | ||
| Q1 24 | — | $268.6M |
| Q4 25 | $-12.2M | $30.5M | ||
| Q3 25 | $-11.8M | $42.7M | ||
| Q2 25 | $-15.1M | $58.2M | ||
| Q1 25 | $-15.9M | $67.2M | ||
| Q4 24 | $-15.1M | $80.3M | ||
| Q3 24 | $-10.9M | $90.3M | ||
| Q2 24 | — | $109.4M | ||
| Q1 24 | — | $131.7M |
| Q4 25 | $91.3M | $405.0M | ||
| Q3 25 | $58.7M | $385.2M | ||
| Q2 25 | $38.2M | $429.2M | ||
| Q1 25 | $38.6M | $419.2M | ||
| Q4 24 | $38.6M | $459.1M | ||
| Q3 24 | $43.0M | $479.3M | ||
| Q2 24 | — | $511.3M | ||
| Q1 24 | — | $521.1M |
| Q4 25 | — | 10.01× | ||
| Q3 25 | — | 6.07× | ||
| Q2 25 | — | 4.53× | ||
| Q1 25 | — | 3.98× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 2.41× | ||
| Q1 24 | — | 2.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.5M | $-10.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.5M | $-10.6M | ||
| Q3 25 | $3.4M | $-2.1M | ||
| Q2 25 | $220.7K | $24.5M | ||
| Q1 25 | $-601.1K | $-15.9M | ||
| Q4 24 | $-1.3M | $772.0K | ||
| Q3 24 | $203.6K | $-5.0K | ||
| Q2 24 | — | $10.0M | ||
| Q1 24 | — | $-16.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-16.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-36.0K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
SST
Segment breakdown not available.
