Shoals Technologies (SHLS) Non-Current Debt (2020 - 2026)

Shoals Technologies (SHLS) posted Non-Current Debt of $181.8 million for Q1 2026, up 32.91% on a QoQ basis from $136.8 million in Q4 2025, and up 28.22% year-over-year from $141.8 million in Q1 2025.

Shoals Technologies (SHLS) Non-Current Debt (2020 - 2026) Analysis & Trends

Shoals Technologies' Non-Current Debt history runs 7 years deep, the most recent figure standing at $181.8 million for Q1 2026.

  • Quarterly Non-Current Debt rose 28.22% year-over-year to $181.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $181.8 million (up 28.22% YoY) and the FY2025 annual result came in at $136.8 million, down 3.53% from the prior year.
  • Non-Current Debt was $181.8 million for Q1 2026 at Shoals Technologies, up from $136.8 million in the prior quarter.
  • Across five years, Non-Current Debt topped out at $281.8 million in Q1 2022 and bottomed at $20.0 million in Q2 2023.
  • A 5-year average of $155.1 million and a median of $141.8 million in 2024 frame the typical range for Non-Current Debt.
  • Annual changes were most pronounced in 2022 — Non-Current Debt tumbled 80.57% — and 2024, when it jumped 633.75%.
  • Shoals Technologies' Non-Current Debt stood at $48.0 million in 2022, then surged by 278.01% to $181.4 million in 2023, then dropped by 21.88% to $141.8 million in 2024, then dropped by 3.53% to $136.8 million in 2025, then jumped by 32.91% to $181.8 million in 2026.
  • Business Quant data shows SHLS's Non-Current Debt at $181.8 million in Q1 2026, $136.8 million in Q4 2025, and $126.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non-Current Debt (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 237.18 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn -
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 572.51 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 2.76 Bn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 152.20 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 181.75 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 6.01 Bn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 656.96 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 181.75 Mn
Dec 31, 2025 136.75 Mn
Sep 30, 2025 126.75 Mn
Jun 30, 2025 131.75 Mn
Mar 31, 2025 141.75 Mn
Dec 31, 2024 141.75 Mn
Sep 30, 2024 141.75 Mn
Jun 30, 2024 146.75 Mn
Mar 31, 2024 168.75 Mn
Dec 31, 2023 181.45 Mn
Sep 30, 2023 190.38 Mn
Jun 30, 2023 20.00 Mn
Mar 31, 2023 235.84 Mn
Dec 31, 2022 48.00 Mn
Sep 30, 2022 276.93 Mn
Jun 30, 2022 85.14 Mn
Mar 31, 2022 281.83 Mn
Dec 31, 2021 247.05 Mn
Sep 30, 2021 252.28 Mn
Jun 30, 2021 49.00 Mn