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Side-by-side financial comparison of SolarMax Technology, Inc. (SMXT) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $46.6M, roughly 1.8× SolarMax Technology, Inc.). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs -1.9%, a 5.1% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 6.2%).
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.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
SMXT vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $46.6M | $85.1M |
| Net Profit | $-872.2K | $2.7M |
| Gross Margin | 2.7% | 49.2% |
| Operating Margin | -2.7% | 6.4% |
| Net Margin | -1.9% | 3.2% |
| Revenue YoY | 623.5% | 6.2% |
| Net Profit YoY | 77.7% | -37.3% |
| EPS (diluted) | $-0.02 | $0.21 |
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 | $85.1M | ||
| Q3 25 | $30.6M | $73.2M | ||
| Q2 25 | $6.9M | $57.9M | ||
| Q1 25 | $6.9M | $80.0M | ||
| Q4 24 | $6.4M | $80.2M | ||
| Q3 24 | $6.3M | $74.2M | ||
| Q2 24 | — | $59.2M | ||
| Q1 24 | — | $75.3M |
| Q4 25 | $-872.2K | $2.7M | ||
| Q3 25 | $-2.3M | $12.1M | ||
| Q2 25 | $-1.9M | $-4.8M | ||
| Q1 25 | $-1.3M | $-28.3M | ||
| Q4 24 | $-3.9M | $4.3M | ||
| Q3 24 | $-9.6M | $569.0K | ||
| Q2 24 | — | $4.4M | ||
| Q1 24 | — | $-4.7M |
| Q4 25 | 2.7% | 49.2% | ||
| Q3 25 | 3.1% | 50.4% | ||
| Q2 25 | 8.8% | 50.3% | ||
| Q1 25 | 20.5% | 50.1% | ||
| Q4 24 | 14.5% | 50.0% | ||
| Q3 24 | 19.9% | 47.4% | ||
| Q2 24 | — | 50.6% | ||
| Q1 24 | — | 45.4% |
| Q4 25 | -2.7% | 6.4% | ||
| Q3 25 | -6.9% | 15.2% | ||
| Q2 25 | -25.7% | -7.7% | ||
| Q1 25 | -16.7% | -37.1% | ||
| Q4 24 | -27.9% | 7.2% | ||
| Q3 24 | -158.4% | 1.5% | ||
| Q2 24 | — | 9.5% | ||
| Q1 24 | — | -2.2% |
| Q4 25 | -1.9% | 3.2% | ||
| Q3 25 | -7.4% | 16.5% | ||
| Q2 25 | -27.6% | -8.3% | ||
| Q1 25 | -18.7% | -35.5% | ||
| Q4 24 | -60.6% | 5.4% | ||
| Q3 24 | -152.0% | 0.8% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | -6.2% |
| Q4 25 | $-0.02 | $0.21 | ||
| Q3 25 | $-0.04 | $0.93 | ||
| Q2 25 | $-0.04 | $-0.37 | ||
| Q1 25 | $-0.03 | $-2.25 | ||
| Q4 24 | $-0.07 | $0.34 | ||
| Q3 24 | $-0.21 | $0.05 | ||
| Q2 24 | — | $0.35 | ||
| Q1 24 | — | $-0.37 |
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 | $1.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-12.2M | $53.4M |
| Total Assets | $91.3M | $246.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.0M | $1.1M | ||
| Q3 25 | $5.7M | $777.0K | ||
| Q2 25 | $1.9M | $2.6M | ||
| Q1 25 | $6.8M | $607.0K | ||
| Q4 24 | $7.1M | $892.0K | ||
| Q3 24 | $8.6M | $711.0K | ||
| Q2 24 | — | $739.0K | ||
| Q1 24 | — | $357.0K |
| Q4 25 | $-12.2M | $53.4M | ||
| Q3 25 | $-11.8M | $49.3M | ||
| Q2 25 | $-15.1M | $37.2M | ||
| Q1 25 | $-15.9M | $41.8M | ||
| Q4 24 | $-15.1M | $57.1M | ||
| Q3 24 | $-10.9M | $52.4M | ||
| Q2 24 | — | $51.7M | ||
| Q1 24 | — | $47.2M |
| Q4 25 | $91.3M | $246.0M | ||
| Q3 25 | $58.7M | $239.0M | ||
| Q2 25 | $38.2M | $218.0M | ||
| Q1 25 | $38.6M | $222.7M | ||
| Q4 24 | $38.6M | $254.7M | ||
| Q3 24 | $43.0M | $253.6M | ||
| Q2 24 | — | $223.1M | ||
| Q1 24 | — | $225.1M |
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 | $-5.1M |
| Free Cash FlowOCF − Capex | — | $-5.7M |
| FCF MarginFCF / Revenue | — | -6.7% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.5M | $-5.1M | ||
| Q3 25 | $3.4M | $4.2M | ||
| Q2 25 | $220.7K | $-11.8M | ||
| Q1 25 | $-601.1K | $22.7M | ||
| Q4 24 | $-1.3M | $6.4M | ||
| Q3 24 | $203.6K | $-3.2M | ||
| Q2 24 | — | $-3.9M | ||
| Q1 24 | — | $14.8M |
| Q4 25 | — | $-5.7M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $-13.2M | ||
| Q1 25 | — | $21.2M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $-4.6M | ||
| Q1 24 | — | $14.2M |
| Q4 25 | — | -6.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -22.9% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | -5.2% | ||
| Q2 24 | — | -7.8% | ||
| Q1 24 | — | 18.9% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | 0.0% | 0.9% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | — | -1.86× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | -5.61× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | — | — |
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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
