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

Vera Bradley, Inc. is the larger business by last-quarter revenue ($62.3M vs $46.6M, roughly 1.3× SolarMax Technology, Inc.). SolarMax Technology, Inc. runs the higher net margin — -1.9% vs -19.9%, a 18.0% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs -22.7%).

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.

Vera Bradley Sales, LLC is an American luggage and handbag design company, founded by Barbara Bradley Baekgaard and Patricia R. Miller in 1982. As of 2019, its home office is in Fort Wayne, Indiana. The company was named after Baekgaard's mother. Its original luxury cotton bag product lines have expanded to include fashion and home accessories, office supplies, and patterned gifts. Many items have distinctive florals, paisleys, or geometric prints with complementary linings, as well as elonga...

SMXT vs VRA — Head-to-Head

Bigger by revenue
VRA
VRA
1.3× larger
VRA
$62.3M
$46.6M
SMXT
Growing faster (revenue YoY)
SMXT
SMXT
+646.2% gap
SMXT
623.5%
-22.7%
VRA
Higher net margin
SMXT
SMXT
18.0% more per $
SMXT
-1.9%
-19.9%
VRA

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
SMXT
SMXT
VRA
VRA
Revenue
$46.6M
$62.3M
Net Profit
$-872.2K
$-12.4M
Gross Margin
2.7%
42.1%
Operating Margin
-2.7%
-19.6%
Net Margin
-1.9%
-19.9%
Revenue YoY
623.5%
-22.7%
Net Profit YoY
77.7%
3.4%
EPS (diluted)
$-0.02
$-0.44

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
SMXT
SMXT
VRA
VRA
Q4 25
$46.6M
$62.3M
Q3 25
$30.6M
$70.9M
Q2 25
$6.9M
$51.7M
Q1 25
$6.9M
$100.0M
Q4 24
$6.4M
$70.5M
Q3 24
$6.3M
$94.0M
Q2 24
$67.9M
Q1 24
$46.2M
Net Profit
SMXT
SMXT
VRA
VRA
Q4 25
$-872.2K
$-12.4M
Q3 25
$-2.3M
$-4.7M
Q2 25
$-1.9M
$-33.5M
Q1 25
$-1.3M
$-47.0M
Q4 24
$-3.9M
$-12.8M
Q3 24
$-9.6M
$5.7M
Q2 24
$-8.1M
Q1 24
$-1.9M
Gross Margin
SMXT
SMXT
VRA
VRA
Q4 25
2.7%
42.1%
Q3 25
3.1%
50.1%
Q2 25
8.8%
44.1%
Q1 25
20.5%
45.0%
Q4 24
14.5%
54.5%
Q3 24
19.9%
49.7%
Q2 24
50.1%
Q1 24
37.2%
Operating Margin
SMXT
SMXT
VRA
VRA
Q4 25
-2.7%
-19.6%
Q3 25
-6.9%
-6.5%
Q2 25
-25.7%
-34.6%
Q1 25
-16.7%
-23.3%
Q4 24
-27.9%
-11.6%
Q3 24
-158.4%
2.5%
Q2 24
-15.6%
Q1 24
-3.6%
Net Margin
SMXT
SMXT
VRA
VRA
Q4 25
-1.9%
-19.9%
Q3 25
-7.4%
-6.6%
Q2 25
-27.6%
-64.8%
Q1 25
-18.7%
-47.0%
Q4 24
-60.6%
-18.2%
Q3 24
-152.0%
6.1%
Q2 24
-12.0%
Q1 24
-4.0%
EPS (diluted)
SMXT
SMXT
VRA
VRA
Q4 25
$-0.02
$-0.44
Q3 25
$-0.04
$-0.17
Q2 25
$-0.04
$-1.20
Q1 25
$-0.03
$-1.62
Q4 24
$-0.07
$-0.46
Q3 24
$-0.21
$0.19
Q2 24
$-0.26
Q1 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
SMXT
SMXT
VRA
VRA
Cash + ST InvestmentsLiquidity on hand
$8.0M
$10.7M
Total DebtLower is stronger
$10.0M
Stockholders' EquityBook value
$-12.2M
$128.1M
Total Assets
$91.3M
$243.7M
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMXT
SMXT
VRA
VRA
Q4 25
$8.0M
$10.7M
Q3 25
$5.7M
$15.2M
Q2 25
$1.9M
$11.3M
Q1 25
$6.8M
$30.4M
Q4 24
$7.1M
$13.7M
Q3 24
$8.6M
$44.1M
Q2 24
$55.2M
Q1 24
$77.3M
Total Debt
SMXT
SMXT
VRA
VRA
Q4 25
$10.0M
Q3 25
$10.0M
Q2 25
Q1 25
$0
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
SMXT
SMXT
VRA
VRA
Q4 25
$-12.2M
$128.1M
Q3 25
$-11.8M
$140.5M
Q2 25
$-15.1M
$146.0M
Q1 25
$-15.9M
$179.0M
Q4 24
$-15.1M
$225.2M
Q3 24
$-10.9M
$242.5M
Q2 24
$245.9M
Q1 24
$259.9M
Total Assets
SMXT
SMXT
VRA
VRA
Q4 25
$91.3M
$243.7M
Q3 25
$58.7M
$266.2M
Q2 25
$38.2M
$267.9M
Q1 25
$38.6M
$306.7M
Q4 24
$38.6M
$359.0M
Q3 24
$43.0M
$379.2M
Q2 24
$368.7M
Q1 24
$380.8M
Debt / Equity
SMXT
SMXT
VRA
VRA
Q4 25
0.08×
Q3 25
0.07×
Q2 25
Q1 25
0.00×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
SMXT
SMXT
VRA
VRA
Operating Cash FlowLast quarter
$-2.5M
$-4.0M
Free Cash FlowOCF − Capex
$-4.5M
FCF MarginFCF / Revenue
-7.2%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMXT
SMXT
VRA
VRA
Q4 25
$-2.5M
$-4.0M
Q3 25
$3.4M
$-5.4M
Q2 25
$220.7K
$-17.9M
Q1 25
$-601.1K
$21.7M
Q4 24
$-1.3M
$-22.6M
Q3 24
$203.6K
$1.4M
Q2 24
$-14.5M
Q1 24
$26.9M
Free Cash Flow
SMXT
SMXT
VRA
VRA
Q4 25
$-4.5M
Q3 25
$-6.1M
Q2 25
$-19.8M
Q1 25
$17.3M
Q4 24
$-25.0M
Q3 24
$-1.4M
Q2 24
$-15.4M
Q1 24
$25.7M
FCF Margin
SMXT
SMXT
VRA
VRA
Q4 25
-7.2%
Q3 25
-8.7%
Q2 25
-38.3%
Q1 25
17.3%
Q4 24
-35.5%
Q3 24
-1.5%
Q2 24
-22.7%
Q1 24
55.7%
Capex Intensity
SMXT
SMXT
VRA
VRA
Q4 25
0.7%
Q3 25
1.0%
Q2 25
3.6%
Q1 25
4.3%
Q4 24
3.4%
Q3 24
0.0%
3.0%
Q2 24
1.3%
Q1 24
2.6%
Cash Conversion
SMXT
SMXT
VRA
VRA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.25×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

VRA
VRA

Bags$23.9M38%
Indirect$12.6M20%
Transferred At Point In Time$12.2M20%
Accessories$7.2M12%
Home$3.5M6%
Apparel Footwear$1.8M3%
Other Products$1.5M2%

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