Growth Metrics

Shoals Technologies (SHLS) Accumulated Expenses (2020 - 2026)

Shoals Technologies posted quarterly Accumulated Expenses of $26.3 million for Q1 2026, up 1.34% year-on-year from $26.0 million in Q1 2025, and up 18.41% on a QoQ basis from $22.2 million in Q4 2025.

Shoals Technologies (SHLS) has 7 years of Accumulated Expenses data on file, last reported at $26.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Accumulated Expenses rose 1.34% year-over-year to $26.3 million; the trailing twelve-month figure through Mar 2026 stood at $26.3 million (up 1.34% YoY), and the FY2025 full-year result was $22.2 million, up 77.14% from the prior year.
  • Accumulated Expenses for Q1 2026 stood at $26.3 million, up from $22.2 million in the prior quarter.
  • Across five years, Accumulated Expenses topped out at $34.7 million in Q3 2024 and bottomed at $60000.0 in Q3 2022.
  • The 5-year median for Accumulated Expenses is $22.2 million (2025), against an average of $19.3 million.
  • The widest annual swing landed in 2022, when Accumulated Expenses tumbled 99.6%; it then soared 28656.67% in 2023.
  • A 5-year view of Accumulated Expenses shows it stood at $560000.0 in 2022, then soared by 5453.39% to $31.1 million in 2023, then tumbled by 59.67% to $12.5 million in 2024, then jumped by 77.14% to $22.2 million in 2025, then climbed by 18.41% to $26.3 million in 2026.
  • The last three Accumulated Expenses figures came in at $26.3 million (Q1 2026), $22.2 million (Q4 2025), and $27.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 26.31 Mn
Dec 31, 2025 22.22 Mn
Sep 30, 2025 27.28 Mn
Jun 30, 2025 16.93 Mn
Mar 31, 2025 25.96 Mn
Dec 31, 2024 12.54 Mn
Sep 30, 2024 34.74 Mn
Jun 30, 2024 31.15 Mn
Mar 31, 2024 31.71 Mn
Dec 31, 2023 31.10 Mn
Sep 30, 2023 17.25 Mn
Jun 30, 2023 9.63 Mn
Mar 31, 2023 400,000.00
Dec 31, 2022 560,000.00
Sep 30, 2022 60,000.00
Jun 30, 2022 25.30 Mn
Mar 31, 2022 14.76 Mn
Dec 31, 2021 60,000.00
Sep 30, 2021 15.11 Mn
Jun 30, 2021 9.50 Mn
Mar 31, 2021 8.53 Mn
Dec 31, 2020 5.97 Mn