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Side-by-side financial comparison of SolarMax Technology, Inc. (SMXT) and Viridian Therapeutics, Inc.\DE (VRDN). Click either name above to swap in a different company.

Viridian Therapeutics, Inc.\DE is the larger business by last-quarter revenue ($70.6M vs $46.6M, roughly 1.5× SolarMax Technology, Inc.). SolarMax Technology, Inc. runs the higher net margin — -1.9% vs -49.0%, a 47.2% gap on every dollar of revenue. On growth, Viridian Therapeutics, Inc.\DE posted the faster year-over-year revenue change (81958.1% vs 623.5%).

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.

Viridian Therapeutics is a clinical-stage biotechnology firm developing novel disease-modifying therapies for rare, serious autoimmune and inflammatory diseases. Its lead pipeline candidate targets thyroid eye disease, a debilitating orbital disorder, with primary market focus on North America and Europe.

SMXT vs VRDN — Head-to-Head

Bigger by revenue
VRDN
VRDN
1.5× larger
VRDN
$70.6M
$46.6M
SMXT
Growing faster (revenue YoY)
VRDN
VRDN
+81334.7% gap
VRDN
81958.1%
623.5%
SMXT
Higher net margin
SMXT
SMXT
47.2% more per $
SMXT
-1.9%
-49.0%
VRDN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SMXT
SMXT
VRDN
VRDN
Revenue
$46.6M
$70.6M
Net Profit
$-872.2K
$-34.6M
Gross Margin
2.7%
Operating Margin
-2.7%
-56.7%
Net Margin
-1.9%
-49.0%
Revenue YoY
623.5%
81958.1%
Net Profit YoY
77.7%
54.9%
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
SMXT
SMXT
VRDN
VRDN
Q4 25
$46.6M
Q3 25
$30.6M
$70.6M
Q2 25
$6.9M
Q1 25
$6.9M
Q4 24
$6.4M
Q3 24
$6.3M
Net Profit
SMXT
SMXT
VRDN
VRDN
Q4 25
$-872.2K
Q3 25
$-2.3M
$-34.6M
Q2 25
$-1.9M
Q1 25
$-1.3M
Q4 24
$-3.9M
Q3 24
$-9.6M
Gross Margin
SMXT
SMXT
VRDN
VRDN
Q4 25
2.7%
Q3 25
3.1%
Q2 25
8.8%
Q1 25
20.5%
Q4 24
14.5%
Q3 24
19.9%
Operating Margin
SMXT
SMXT
VRDN
VRDN
Q4 25
-2.7%
Q3 25
-6.9%
-56.7%
Q2 25
-25.7%
Q1 25
-16.7%
Q4 24
-27.9%
Q3 24
-158.4%
Net Margin
SMXT
SMXT
VRDN
VRDN
Q4 25
-1.9%
Q3 25
-7.4%
-49.0%
Q2 25
-27.6%
Q1 25
-18.7%
Q4 24
-60.6%
Q3 24
-152.0%
EPS (diluted)
SMXT
SMXT
VRDN
VRDN
Q4 25
$-0.02
Q3 25
$-0.04
Q2 25
$-0.04
Q1 25
$-0.03
Q4 24
$-0.07
Q3 24
$-0.21

Balance Sheet & Financial Strength

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

Metric
SMXT
SMXT
VRDN
VRDN
Cash + ST InvestmentsLiquidity on hand
$8.0M
$490.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-12.2M
$503.0M
Total Assets
$91.3M
$577.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMXT
SMXT
VRDN
VRDN
Q4 25
$8.0M
Q3 25
$5.7M
$490.9M
Q2 25
$1.9M
Q1 25
$6.8M
Q4 24
$7.1M
Q3 24
$8.6M
Stockholders' Equity
SMXT
SMXT
VRDN
VRDN
Q4 25
$-12.2M
Q3 25
$-11.8M
$503.0M
Q2 25
$-15.1M
Q1 25
$-15.9M
Q4 24
$-15.1M
Q3 24
$-10.9M
Total Assets
SMXT
SMXT
VRDN
VRDN
Q4 25
$91.3M
Q3 25
$58.7M
$577.1M
Q2 25
$38.2M
Q1 25
$38.6M
Q4 24
$38.6M
Q3 24
$43.0M

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
VRDN
VRDN
Operating Cash FlowLast quarter
$-2.5M
$-84.6M
Free Cash FlowOCF − Capex
$-84.7M
FCF MarginFCF / Revenue
-120.1%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMXT
SMXT
VRDN
VRDN
Q4 25
$-2.5M
Q3 25
$3.4M
$-84.6M
Q2 25
$220.7K
Q1 25
$-601.1K
Q4 24
$-1.3M
Q3 24
$203.6K
Free Cash Flow
SMXT
SMXT
VRDN
VRDN
Q4 25
Q3 25
$-84.7M
Q2 25
Q1 25
Q4 24
Q3 24
FCF Margin
SMXT
SMXT
VRDN
VRDN
Q4 25
Q3 25
-120.1%
Q2 25
Q1 25
Q4 24
Q3 24
Capex Intensity
SMXT
SMXT
VRDN
VRDN
Q4 25
Q3 25
0.2%
Q2 25
Q1 25
Q4 24
Q3 24
0.0%

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%

VRDN
VRDN

Segment breakdown not available.

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