Shoals Technologies (SHLS) Share-based Compensation (2020 - 2026)
Shoals Technologies posted quarterly Share-based Compensation of $3.3 million for Q1 2026, up 24.65% year-on-year from $2.7 million in Q1 2025, and up 48.88% on a QoQ basis from $2.2 million in Q4 2025.
Shoals Technologies (SHLS) has 7 years of Share-based Compensation data on file, last reported at $3.3 million in Q1 2026.
- For the quarter ending Q1 2026, Share-based Compensation rose 24.65% year-over-year to $3.3 million; the trailing twelve-month figure through Mar 2026 stood at $10.6 million (down 11.04% YoY), and the FY2025 full-year result was $9.9 million, down 30.41% from the prior year.
- Share-based Compensation for Q1 2026 stood at $3.3 million, up from $2.2 million in the prior quarter.
- Across five years, Share-based Compensation topped out at $7.5 million in Q1 2023 and bottomed at $1.3 million in Q3 2024.
- The 5-year median for Share-based Compensation is $3.8 million (2024), against an average of $3.8 million.
- The widest annual swing landed in 2022, when Share-based Compensation soared 175.22%; it then sank 74.82% in 2024.
- A 5-year view of Share-based Compensation shows it stood at $4.2 million in 2022, then retreated by 9.93% to $3.8 million in 2023, then climbed by 0.95% to $3.8 million in 2024, then tumbled by 41.95% to $2.2 million in 2025, then soared by 48.88% to $3.3 million in 2026.
- The last three Share-based Compensation figures came in at $3.3 million (Q1 2026), $2.2 million (Q4 2025), and $2.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Share-based Compensation (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 6.78 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 120.30 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | - |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 48.99 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 19.85 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 26.30 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 3.32 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 3.94 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 | 1.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.32 Mn |
| Mar 31, 2026 | 3.32 Mn |
| Dec 31, 2025 | 2.23 Mn |
| Dec 31, 2025 | 2.23 Mn |
| Sep 30, 2025 | 2.42 Mn |
| Sep 30, 2025 | 2.42 Mn |
| Jun 30, 2025 | 2.59 Mn |
| Jun 30, 2025 | 2.59 Mn |
| Mar 31, 2025 | 2.66 Mn |
| Mar 31, 2025 | 2.66 Mn |
| Dec 31, 2024 | 3.84 Mn |
| Dec 31, 2024 | 3.84 Mn |
| Sep 30, 2024 | 1.28 Mn |
| Sep 30, 2024 | 1.28 Mn |
| Jun 30, 2024 | 4.09 Mn |
| Jun 30, 2024 | 4.09 Mn |
| Mar 31, 2024 | 5.02 Mn |
| Mar 31, 2024 | 5.02 Mn |
| Dec 31, 2023 | 3.80 Mn |
| Dec 31, 2023 | 3.80 Mn |
| Sep 30, 2023 | 5.09 Mn |
| Sep 30, 2023 | 5.09 Mn |
| Jun 30, 2023 | 4.45 Mn |
| Jun 30, 2023 | 4.45 Mn |
| Mar 31, 2023 | 7.52 Mn |
| Mar 31, 2023 | 7.52 Mn |
| Dec 31, 2022 | 4.22 Mn |
| Dec 31, 2022 | 4.22 Mn |
| Sep 30, 2022 | 3.99 Mn |
| Sep 30, 2022 | 3.99 Mn |
| Jun 30, 2022 | 4.07 Mn |
| Jun 30, 2022 | 4.07 Mn |
| Mar 31, 2022 | 3.83 Mn |
| Mar 31, 2022 | 3.83 Mn |
| Dec 31, 2021 | 4.88 Mn |
| Dec 31, 2021 | 4.88 Mn |
| Sep 30, 2021 | 2.23 Mn |
| Sep 30, 2021 | 2.23 Mn |
| Jun 30, 2021 | 2.78 Mn |
| Jun 30, 2021 | 2.78 Mn |
| Mar 31, 2021 | 1.39 Mn |
| Mar 31, 2021 | 1.39 Mn |
| Dec 31, 2020 | 1.03 Mn |
| Dec 31, 2020 | 1.03 Mn |
| Sep 30, 2020 | 515,000.00 |
| Sep 30, 2020 | 515,000.00 |
| Jun 30, 2020 | 6.70 Mn |
| Jun 30, 2020 | 6.70 Mn |