Shoals Technologies (SHLS) EBITDA (2020 - 2026)
Shoals Technologies posted quarterly EBITDA of $9.9 million for Q1 2026, up 73.63% year-on-year from $5.7 million in Q1 2025, and down 48.62% on a QoQ basis from $19.3 million in Q4 2025.
Shoals Technologies (SHLS) has 7 years of EBITDA data on file, last reported 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.
- Across five years, EBITDA topped out at $32.8 million in Q4 2023 and bottomed at -$9.9 million in Q3 2023.
- The 5-year median for EBITDA is $17.9 million (2024), against an average of $16.4 million.
- The widest annual swing landed in 2022, when EBITDA surged 675.13%; it then sank 148.23% in 2023.
- A 5-year view of EBITDA shows it stood at $23.9 million in 2022, then soared by 37.26% to $32.8 million in 2023, then tumbled by 45.43% to $17.9 million in 2024, then gained by 7.95% to $19.3 million in 2025, then slumped 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn | 345.30 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 153.59 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -64.06 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | -29.64 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -55.04 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -43.51 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 9.92 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 9.51 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -84.91 Mn |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -2.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 10.29 Mn |
| Dec 31, 2020 | 7.56 Mn |
| Sep 30, 2020 | 15.51 Mn |
| Jun 30, 2020 | 5.75 Mn |
| Mar 31, 2020 | 9.87 Mn |