Shoals Technologies (SHLS) Retained Earnings (2021 - 2026)
Shoals Technologies posted quarterly Retained Earnings of $131.9 million for Q1 2026, up 34.14% year-on-year from $98.3 million in Q1 2025, and little changed on a QoQ basis from $132.2 million in Q4 2025.
Shoals Technologies (SHLS) has 6 years of Retained Earnings data on file, last reported 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.
- Across five years, Retained Earnings topped out at $132.2 million in Q4 2025 and bottomed at -$90.5 million in Q1 2022.
- The 5-year median for Retained Earnings is $79.2 million (2024), against an average of $58.0 million.
- The widest annual swing landed in 2022, when Retained Earnings advanced 7.98%; it then surged 178.64% in 2023.
- A 5-year view of Retained Earnings shows it stood at $34.5 million in 2022, then jumped by 115.94% to $74.5 million in 2023, then surged by 32.41% to $98.6 million in 2024, then soared by 34.06% to $132.2 million in 2025, then slipped 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn | -168.20 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 183,000.00 |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 1.48 Bn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | -211.30 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 4.94 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -3.66 Bn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 131.86 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | -420.86 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | - |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -142.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | -98.34 Mn |