Shoals Technologies (SHLS) Payables (2020 - 2026)

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

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

Shoals Technologies has reported Payables for 7 years, with the latest figure 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.
  • The five-year high for Payables was $80.4 million in Q1 2026, with the low at $9.5 million in Q4 2022.
  • Historically, Payables has averaged $26.7 million across 5 years, with a median of $21.4 million in 2022.
  • Annual changes were most pronounced in 2022 — Payables slumped 52.56% — and 2025, when it jumped 223.86%.
  • Shoals Technologies' Payables 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 306.83 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 533.49 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 113.46 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 404.51 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 343.23 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 80.43 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 142.17 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 3.45 Bn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 14.09 Mn
10 Skycorp Solar 110.38 Mn 103.60 Mn - 2.24 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