Growth Metrics

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

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

Shoals Technologies (SHLS) has 7 years of Non-Current Debt data on file, last reported at $181.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Non-Current Debt rose 28.22% year-over-year to $181.8 million; the trailing twelve-month figure through Mar 2026 stood at $181.8 million (up 28.22% YoY), and the FY2025 full-year result was $136.8 million, down 3.53% from the prior year.
  • Non-Current Debt for Q1 2026 stood at $181.8 million, up from $136.8 million in the prior quarter.
  • Across five years, Non-Current Debt topped out at $181.8 million in Q1 2026 and bottomed at $20.0 million in Q2 2023.
  • The 5-year median for Non-Current Debt is $129.2 million (2025), against an average of $108.2 million.
  • The widest annual swing landed in 2023, when Non-Current Debt tumbled 76.51%; it then jumped 633.75% in 2024.
  • A 5-year view of Non-Current Debt shows it stood at $48.0 million in 2022, then retreated by 16.67% to $40.0 million in 2023, then jumped by 254.38% to $141.8 million in 2024, then slipped by 3.53% to $136.8 million in 2025, then soared by 32.91% to $181.8 million in 2026.
  • The last three Non-Current Debt figures came in at $181.8 million (Q1 2026), $136.8 million (Q4 2025), and $126.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non-Current Debt (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 237.18 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 2.96 Bn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 572.51 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 152.20 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 181.75 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 656.96 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 2.76 Bn
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn -

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 181.75 Mn
Mar 31, 2026 181.75 Mn
Dec 31, 2025 136.75 Mn
Dec 31, 2025 136.75 Mn
Sep 30, 2025 126.75 Mn
Sep 30, 2025 126.75 Mn
Jun 30, 2025 131.75 Mn
Jun 30, 2025 131.75 Mn
Mar 31, 2025 141.75 Mn
Mar 31, 2025 141.75 Mn
Dec 31, 2024 141.75 Mn
Dec 31, 2024 141.75 Mn
Sep 30, 2024 141.75 Mn
Sep 30, 2024 141.75 Mn
Jun 30, 2024 146.75 Mn
Jun 30, 2024 146.75 Mn
Mar 31, 2024 168.75 Mn
Mar 31, 2024 168.75 Mn
Dec 31, 2023 40.00 Mn
Dec 31, 2023 40.00 Mn
Jun 30, 2023 20.00 Mn
Jun 30, 2023 20.00 Mn
Mar 31, 2023 45.00 Mn
Mar 31, 2023 45.00 Mn
Dec 31, 2022 48.00 Mn
Dec 31, 2022 48.00 Mn
Sep 30, 2022 85.64 Mn
Sep 30, 2022 85.64 Mn
Jun 30, 2022 85.14 Mn
Jun 30, 2022 85.14 Mn
Mar 31, 2022 90.14 Mn
Mar 31, 2022 90.14 Mn
Dec 31, 2021 55.14 Mn
Dec 31, 2021 55.14 Mn
Sep 30, 2021 60.14 Mn
Sep 30, 2021 60.14 Mn
Jun 30, 2021 49.00 Mn
Jun 30, 2021 49.00 Mn
Mar 31, 2021 39.00 Mn
Mar 31, 2021 39.00 Mn
Dec 31, 2020 20.00 Mn
Dec 31, 2020 20.00 Mn