Shoals Technologies (SHLS) Payables (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Payables came in at $80.4 million in Q1 2026, up 201.06% YoY 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) Payables (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Payables data on file, last reported at $80.4 million in Q1 2026.
- Quarterly Payables rose 201.06% year-over-year to $80.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $80.4 million (up 201.06% YoY) and the FY2025 annual result came in at $64.9 million, up 223.86% from the prior year.
- Payables rose to $80.4 million in Q1 2026, from $64.9 million in the prior quarter.
- In the past five years, Payables ranged from a high of $80.4 million in Q1 2026 to a low of $9.5 million in Q4 2022.
- A 5-year average of $26.7 million and a median of $21.4 million in 2022 frame the typical range for Payables.
- Annual changes were most pronounced in 2022 — Payables slumped 52.56% — and 2025, when it jumped 223.86%.
- Tracing SHLS's Payables over 5 years: stood at $9.5 million in 2022, then jumped by 51.84% to $14.4 million in 2023, then soared by 39.15% to $20.0 million in 2024, then jumped by 223.86% to $64.9 million in 2025, then grew 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 346.33 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 535.97 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 124.59 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 321.42 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 460.14 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 65.98 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 3.27 Bn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 3.45 Bn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 161.09 Mn |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 78.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 65.98 Mn |
| 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 |