Shoals Technologies (SHLS) Depreciation and Depletion (2020 - 2026)

Shoals Technologies (SHLS) reported Depreciation and Depletion of $2.2 million for Q1 2026, up 57.14% on a YoY basis from $1.4 million in Q1 2025, and up 15.79% quarter-over-quarter from $1.9 million in Q4 2025.

Shoals Technologies (SHLS) Depreciation and Depletion (2020 - 2026) Analysis & Trends

Shoals Technologies has reported Depreciation and Depletion for 7 years, with the latest figure at $2.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Depreciation and Depletion rose 57.14% year-over-year to $2.2 million; the trailing twelve-month figure through Mar 2026 stood at $7.0 million (up 29.63% YoY), and the FY2025 full-year result was $6.2 million, up 24.0% from the prior year.
  • Depreciation and Depletion for Q1 2026 stood at $2.2 million, up from $1.9 million in the prior quarter.
  • The five-year high for Depreciation and Depletion was $2.2 million in Q1 2026, with the low at $400000.0 in Q1 2022.
  • Historically, Depreciation and Depletion has averaged $1.1 million across 5 years, with a median of $1.1 million in 2024.
  • Annual changes were most pronounced in 2022 — Depreciation and Depletion changed 0.0% — and 2024, when it soared 120.0%.
  • Shoals Technologies' Depreciation and Depletion stood at $500000.0 in 2022, then soared by 80.0% to $900000.0 in 2023, then surged by 55.56% to $1.4 million in 2024, then jumped by 35.71% to $1.9 million in 2025, then gained by 15.79% to $2.2 million in 2026.
  • The last three Depreciation and Depletion figures came in at $2.2 million (Q1 2026), $1.9 million (Q4 2025), and $1.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Depreciation and Depletion (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 143.80 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn -
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 181.10 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 2.20 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 2.40 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 300,000.00
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 2.20 Mn
Mar 31, 2026 2.20 Mn
Dec 31, 2025 1.90 Mn
Dec 31, 2025 1.90 Mn
Sep 30, 2025 1.50 Mn
Sep 30, 2025 1.50 Mn
Jun 30, 2025 1.40 Mn
Jun 30, 2025 1.40 Mn
Mar 31, 2025 1.40 Mn
Mar 31, 2025 1.40 Mn
Dec 31, 2024 1.40 Mn
Dec 31, 2024 1.40 Mn
Sep 30, 2024 1.30 Mn
Sep 30, 2024 1.30 Mn
Jun 30, 2024 1.30 Mn
Jun 30, 2024 1.30 Mn
Mar 31, 2024 1.10 Mn
Mar 31, 2024 1.10 Mn
Dec 31, 2023 900,000.00
Dec 31, 2023 900,000.00