SolarMax Technology Inc. reported total revenues of $30.6 million for the quarter ended September 30, 2025, compared to $44.4 million for the same period in the previous year. Cost of revenues for industrial EPC sales in the US totaled $23.8 million, representing 77.7% of total revenues, while solar energy sales accounted for $4.8 million or 15.7%. LED sales contributed $1.1 million, or 3.5%. Total operating expenses were $3.1 million, or 10.0% of total revenues. The company recorded a loss from operations in the US of $1.9 million, or 6.3% of total revenues, and a loss from operations in China of $0.2 million, or 0.5%. Equity in income of solar project companies was $0.2 million, or 0.6% of total revenues. The company's primary business during the period remained the sale and installation of photovoltaic and battery backup systems for residential and commercial customers, along with sales of LED systems and services to government and commercial users.