Shoals Technologies (SHLS) Accumulated Expenses (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Accumulated Expenses came in at $70.0 million in Q1 2026, up 463.7% YoY from $12.4 million in Q1 2025, and up 215.1% on a QoQ basis from $22.2 million in Q4 2025.
Shoals Technologies (SHLS) Accumulated Expenses (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Accumulated Expenses data on file, last reported at $70.0 million in 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 grew to $70.0 million in Q1 2026, from $22.2 million in the prior quarter.
- In the past five years, Accumulated Expenses ranged from a high of $70.0 million in Q1 2026 to a low of $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 slumped 64.98% — and 2026, when it jumped 463.7%.
- Tracing SHLS's Accumulated Expenses over 5 years: stood at $17.3 million in 2022, then surged by 32.24% to $22.9 million in 2023, then sank by 45.25% to $12.5 million in 2024, then soared by 77.14% to $22.2 million in 2025, then surged by 215.1% to $70.0 million in 2026.
- The last three Accumulated Expenses figures came in at $70.0 million (Q1 2026), $22.2 million (Q4 2025), and $27.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 35.27 Mn |
| 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 |