Growth Metrics

Shoals Technologies (SHLS) Payables (2020 - 2026)

Shoals Technologies posted quarterly Payables of $80.4 million for Q1 2026, up 201.06% year-on-year from $26.7 million in Q1 2025, and up 23.97% on a QoQ basis from $64.9 million in Q4 2025.

Shoals Technologies (SHLS) has 7 years of Payables data on file, last reported at $80.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Payables rose 201.06% year-over-year to $80.4 million; the trailing twelve-month figure through Mar 2026 stood at $80.4 million (up 201.06% YoY), and the FY2025 full-year result was $64.9 million, up 223.86% from the prior year.
  • Payables for Q1 2026 stood at $80.4 million, up from $64.9 million in the prior quarter.
  • Across five years, Payables topped out at $80.4 million in Q1 2026 and bottomed at $9.5 million in Q4 2022.
  • The 5-year median for Payables is $21.4 million (2022), against an average of $26.7 million.
  • The widest annual swing landed in 2022, when Payables plunged 52.56%; it then jumped 223.86% in 2025.
  • A 5-year view of Payables shows it stood at $9.5 million in 2022, then surged by 51.84% to $14.4 million in 2023, then jumped by 39.15% to $20.0 million in 2024, then surged by 223.86% to $64.9 million in 2025, then increased by 23.97% to $80.4 million in 2026.
  • The last three Payables figures came in at $80.4 million (Q1 2026), $64.9 million (Q4 2025), and $33.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 306.83 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 533.49 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 3.17 Bn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 113.46 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 404.51 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 343.23 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 80.43 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 142.17 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 3.45 Bn
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn 14.09 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 80.43 Mn
Dec 31, 2025 64.88 Mn
Sep 30, 2025 33.94 Mn
Jun 30, 2025 29.24 Mn
Mar 31, 2025 26.71 Mn
Dec 31, 2024 20.03 Mn
Sep 30, 2024 23.74 Mn
Jun 30, 2024 16.19 Mn
Mar 31, 2024 15.73 Mn
Dec 31, 2023 14.40 Mn
Sep 30, 2023 16.62 Mn
Jun 30, 2023 16.24 Mn
Mar 31, 2023 21.94 Mn
Dec 31, 2022 9.48 Mn
Sep 30, 2022 21.38 Mn
Jun 30, 2022 24.26 Mn
Mar 31, 2022 17.88 Mn
Dec 31, 2021 19.99 Mn
Sep 30, 2021 18.66 Mn
Jun 30, 2021 14.22 Mn
Mar 31, 2021 12.94 Mn
Dec 31, 2020 14.63 Mn