Shoals Technologies (SHLS) Intangibles (2019 - 2026)
Shoals Technologies (SHLS) posted Intangibles of $27.81 million for Q3 2026, down 21.4% from $35.4 million a year earlier and down 6.4% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Intangibles (2019 - 2026) Analysis & Trends
At the end of FY2025, Shoals Technologies' Intangibles came in at $33.5 million, down 18.5% from FY2024.
- Annual Intangibles has declined for six consecutive years, with a five-year compound annual growth rate of -14.2% (FY2020 to FY2025).
- In prior years, Shoals Technologies' Intangibles was $41.08 million in FY2024 (-15.6%), $48.67 million in FY2023 (-14.0%), $56.59 million in FY2022 (-13.3%) and $65.24 million in FY2021 (-9.4%).
- The Q3 2026 figure stands as the lowest quarterly Intangibles in data going back to Q4 2019.
- On a year-over-year basis, Intangibles has declined in each of the last 20 quarters, with an average decline of 18.2% over the last eight quarters.
- Over the past five years, the year-over-year decline in Intangibles ranged from 9.4% (Q4 2021) to 21.4% (Q3 2026).
- According to Business Quant data, Intangibles for the three prior quarters was $29.71 million (Q2 2026), $31.6 million (Q1 2026) and $33.5 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 4.34 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | - |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 61.36 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 233.38 Mn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 277.53 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 218.75 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 700.00 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 326.07 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 516.10 Mn |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn | 27.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.81 Mn |
| Jun 30, 2026 | 29.71 Mn |
| Mar 31, 2026 | 31.60 Mn |
| Dec 31, 2025 | 33.50 Mn |
| Sep 30, 2025 | 35.40 Mn |
| Jun 30, 2025 | 37.29 Mn |
| Mar 31, 2025 | 39.19 Mn |
| Dec 31, 2024 | 41.08 Mn |
| Sep 30, 2024 | 42.98 Mn |
| Jun 30, 2024 | 44.88 Mn |
| Mar 31, 2024 | 46.77 Mn |
| Dec 31, 2023 | 48.67 Mn |
| Sep 30, 2023 | 50.56 Mn |
| Jun 30, 2023 | 52.54 Mn |
| Mar 31, 2023 | 54.56 Mn |
| Dec 31, 2022 | 56.59 Mn |
| Sep 30, 2022 | 58.61 Mn |
| Jun 30, 2022 | 60.73 Mn |
| Mar 31, 2022 | 62.97 Mn |
| Dec 31, 2021 | 65.24 Mn |
API Access
Shoals Technologies Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=intangibles&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "ticker": "SHLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=intangibles&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();