Shoals Technologies (SHLS) Retained Earnings (2021 - 2026)

Shoals Technologies (SHLS) reported Retained Earnings of $131.9 million for Q1 2026, up 34.14% on a YoY basis from $98.3 million in Q1 2025, and little changed quarter-over-quarter from $132.2 million in Q4 2025.

Shoals Technologies (SHLS) Retained Earnings (2021 - 2026) Analysis & Trends

Shoals Technologies has reported Retained Earnings for 6 years, with the latest figure at $131.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Retained Earnings rose 34.14% year-over-year to $131.9 million; the trailing twelve-month figure through Mar 2026 stood at $131.9 million (up 34.14% YoY), and the FY2025 full-year result was $132.2 million, up 34.06% from the prior year.
  • Retained Earnings for Q1 2026 stood at $131.9 million, roughly flat from $132.2 million in the prior quarter.
  • The five-year high for Retained Earnings was $132.2 million in Q4 2025, with the low at -$90.5 million in Q1 2022.
  • Historically, Retained Earnings has averaged $58.0 million across 5 years, with a median of $79.2 million in 2024.
  • Annual changes were most pronounced in 2022 — Retained Earnings advanced 7.98% — and 2023, when it surged 178.64%.
  • Shoals Technologies' Retained Earnings stood at $34.5 million in 2022, then soared by 115.94% to $74.5 million in 2023, then jumped by 32.41% to $98.6 million in 2024, then surged by 34.06% to $132.2 million in 2025, then decreased by 0.22% to $131.9 million in 2026.
  • The last three Retained Earnings figures came in at $131.9 million (Q1 2026), $132.2 million (Q4 2025), and $124.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn -168.20 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 183,000.00
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn -211.30 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 4.94 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn -3.66 Bn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 131.86 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn -420.86 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -142.16 Mn
10 Skycorp Solar 110.38 Mn 103.60 Mn - 11.41 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 131.86 Mn
Dec 31, 2025 132.15 Mn
Sep 30, 2025 124.03 Mn
Jun 30, 2025 112.15 Mn
Mar 31, 2025 98.30 Mn
Dec 31, 2024 98.58 Mn
Sep 30, 2024 90.76 Mn
Jun 30, 2024 91.03 Mn
Mar 31, 2024 79.23 Mn
Dec 31, 2023 74.45 Mn
Sep 30, 2023 57.87 Mn
Jun 30, 2023 67.70 Mn
Mar 31, 2023 48.77 Mn
Dec 31, 2022 34.48 Mn
Sep 30, 2022 -78.13 Mn
Jun 30, 2022 -86.09 Mn
Mar 31, 2022 -90.49 Mn
Dec 31, 2021 -93.13 Mn
Sep 30, 2021 -91.30 Mn
Jun 30, 2021 -93.78 Mn