Shoals Technologies (SHLS) Payables (2020 - 2026)

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

Shoals Technologies (SHLS) Payables (2020 - 2026) Analysis & Trends

Shoals Technologies' Payables history runs 7 years deep, the most recent figure standing at $80.4 million for 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 was $80.4 million for Q1 2026 at Shoals Technologies, 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.
  • 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 sank 52.56% — and 2025, when it jumped 223.86%.
  • Shoals Technologies' Payables stood at $9.5 million in 2022, then soared by 51.84% to $14.4 million in 2023, then surged by 39.15% to $20.0 million in 2024, then soared by 223.86% to $64.9 million in 2025, then rose by 23.97% to $80.4 million in 2026.
  • Business Quant data shows SHLS's Payables at $80.4 million in Q1 2026, $64.9 million in Q4 2025, and $33.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 306.83 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 533.49 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 113.46 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 3.45 Bn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn 404.51 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 343.23 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 80.43 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 3.27 Bn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 142.17 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 78.10 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