Shoals Technologies (SHLS) Accumulated Expenses (2020 - 2026)
Shoals Technologies (SHLS) posted Accumulated Expenses of $70.0 million for Q1 2026, up 215.1% on a QoQ basis from $22.2 million in Q4 2025, and up 463.7% year-over-year from $12.4 million in Q1 2025.
Shoals Technologies (SHLS) Accumulated Expenses (2020 - 2026) Analysis & Trends
Shoals Technologies' Accumulated Expenses history runs 7 years deep, the most recent figure standing at $70.0 million for Q1 2026.
- Quarterly Accumulated Expenses rose 463.7% year-over-year to $70.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $70.0 million (up 463.7% YoY) and the FY2025 annual result came in at $22.2 million, up 77.14% from the prior year.
- Accumulated Expenses was $70.0 million for Q1 2026 at Shoals Technologies, up from $22.2 million in the prior quarter.
- Across five years, Accumulated Expenses topped out at $70.0 million in Q1 2026 and bottomed at $9.7 million in Q2 2024.
- A 5-year average of $22.6 million and a median of $17.4 million in 2023 frame the typical range for Accumulated Expenses.
- Annual changes were most pronounced in 2024 — Accumulated Expenses sank 64.98% — and 2026, when it jumped 463.7%.
- Shoals Technologies' Accumulated Expenses stood at $17.3 million in 2022, then jumped by 32.24% to $22.9 million in 2023, then tumbled by 45.25% to $12.5 million in 2024, then surged by 77.14% to $22.2 million in 2025, then jumped by 215.1% to $70.0 million in 2026.
- Business Quant data shows SHLS's Accumulated Expenses at $70.0 million in Q1 2026, $22.2 million in Q4 2025, and $27.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 70.00 Mn |
| Dec 31, 2025 | 22.22 Mn |
| Sep 30, 2025 | 27.28 Mn |
| Jun 30, 2025 | 16.93 Mn |
| Mar 31, 2025 | 12.42 Mn |
| Dec 31, 2024 | 12.54 Mn |
| Sep 30, 2024 | 12.87 Mn |
| Jun 30, 2024 | 9.68 Mn |
| Mar 31, 2024 | 10.35 Mn |
| Dec 31, 2023 | 22.91 Mn |
| Sep 30, 2023 | 21.52 Mn |
| Jun 30, 2023 | 27.65 Mn |
| Mar 31, 2023 | 17.38 Mn |
| Dec 31, 2022 | 17.32 Mn |
| Sep 30, 2022 | 43.41 Mn |
| Jun 30, 2022 | 25.30 Mn |
| Mar 31, 2022 | 14.76 Mn |
| Dec 31, 2021 | 7.73 Mn |
| Sep 30, 2021 | 15.11 Mn |
| Jun 30, 2021 | 9.50 Mn |