Shoals Technologies (SHLS) EBITDA (2020 - 2026)

Shoals Technologies (SHLS) reported EBITDA of $9.9 million for Q1 2026, up 73.63% on a YoY basis from $5.7 million in Q1 2025, and down 48.62% quarter-over-quarter from $19.3 million in Q4 2025.

Shoals Technologies (SHLS) EBITDA (2020 - 2026) Analysis & Trends

Shoals Technologies has reported EBITDA for 7 years, with the latest figure at $9.9 million in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA rose 73.63% year-over-year to $9.9 million; the trailing twelve-month figure through Mar 2026 stood at $66.8 million (up 35.48% YoY), and the FY2025 full-year result was $62.6 million, up 11.42% from the prior year.
  • EBITDA for Q1 2026 stood at $9.9 million, down from $19.3 million in the prior quarter.
  • The five-year high for EBITDA was $32.8 million in Q4 2023, with the low at -$9.9 million in Q3 2023.
  • Historically, EBITDA has averaged $16.4 million across 5 years, with a median of $17.9 million in 2024.
  • Annual changes were most pronounced in 2022 — EBITDA surged 675.13% — and 2023, when it tumbled 148.23%.
  • Shoals Technologies' EBITDA stood at $23.9 million in 2022, then surged by 37.26% to $32.8 million in 2023, then plunged by 45.43% to $17.9 million in 2024, then rose by 7.95% to $19.3 million in 2025, then tumbled by 48.62% to $9.9 million in 2026.
  • The last three EBITDA figures came in at $9.9 million (Q1 2026), $19.3 million (Q4 2025), and $20.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 345.30 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 153.59 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn -29.64 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -55.04 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn -43.51 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 9.92 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 9.51 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -84.91 Mn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -2.41 Mn
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 9.92 Mn
Dec 31, 2025 19.30 Mn
Sep 30, 2025 20.17 Mn
Jun 30, 2025 17.40 Mn
Mar 31, 2025 5.71 Mn
Dec 31, 2024 17.88 Mn
Sep 30, 2024 5.82 Mn
Jun 30, 2024 19.88 Mn
Mar 31, 2024 12.68 Mn
Dec 31, 2023 32.77 Mn
Sep 30, 2023 -9.87 Mn
Jun 30, 2023 32.24 Mn
Mar 31, 2023 26.60 Mn
Dec 31, 2022 23.87 Mn
Sep 30, 2022 20.47 Mn
Jun 30, 2022 13.48 Mn
Mar 31, 2022 10.41 Mn
Dec 31, 2021 3.08 Mn
Sep 30, 2021 10.06 Mn
Jun 30, 2021 14.50 Mn