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| Date | Value |
|---|---|
| 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 |