Shoals Technologies (SHLS) Payables (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Payables came in at $66.0 million in Q2 2026, up 125.65% on a YoY basis from $29.2 million in Q2 2025, and down 17.96% quarter-over-quarter from $80.4 million in Q1 2026.
Analysis
Shoals Technologies (SHLS) Payables (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported Payables for 7 consecutive years, with $66.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Payables rose 125.65% year-over-year to $66.0 million; the trailing twelve-month figure through Jun 2026 stood at $66.0 million (up 125.65% YoY), and the FY2025 full-year result was $64.9 million, up 223.86% from the prior year.
- Payables slipped to $66.0 million in Q2 2026 per SHLS's latest filing, from $80.4 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.
- Historically, Payables has averaged $28.8 million across 5 years, with a median of $21.7 million in 2022.
- The sharpest annual moves came in 2022 and 2025: Payables tumbled 52.56% in 2022, then surged 223.86% in 2025.
- Over 5 years, 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 advanced by 1.7% to $66.0 million in 2026.
- According to Business Quant data, Payables over the past three periods registered $66.0 million, $80.4 million, and $64.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.19 Bn | 20.46 Bn | 605.00 Mn | 346.33 Mn |
| 2 | Nextpower | 12.26 Bn | 11.04 Bn | 335.85 Mn | 535.97 Mn |
| 3 | Enphase Energy | 4.88 Bn | 3.94 Bn | 175.01 Mn | 124.59 Mn |
| 4 | Solaredge Technologies | 2.13 Bn | 1.55 Bn | 95.15 Mn | 460.14 Mn |
| 5 | T1 Energy | 1.31 Bn | 1.10 Bn | 49.10 Mn | 127.09 Mn |
| 6 | Shoals Technologies | 1.18 Bn | 1.16 Bn | 49.53 Mn | 65.98 Mn |
| 7 | Canadian Solar | 879.83 Mn | -586.67 Mn | 168.48 Mn | 4.13 Bn |
| 8 | Array Technologies | 697.78 Mn | 390.48 Mn | 99.60 Mn | 161.09 Mn |
| 9 | JinkoSolar Holding | 610.91 Mn | -2.07 Bn | 75.62 Mn | 3.17 Bn |
| 10 | Toyo | 132.74 Mn | 22.70 Mn | 36.97 Mn | 88.74 Mn |
Historic Data
Download Data
Historic 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 |