Shoals Technologies (SHLS) Share-based Compensation (2020 - 2026)

Shoals Technologies (SHLS) posted Share-based Compensation of $1.3 million for Q1 2026, down 96.5% on a QoQ basis from $38.5 million in Q4 2025, and down 95.71% year-over-year from $31.4 million in Q1 2025.

Shoals Technologies (SHLS) Share-based Compensation (2020 - 2026) Analysis & Trends

Shoals Technologies' Share-based Compensation history runs 7 years deep, the most recent figure standing at $1.3 million for Q1 2026.

  • Quarterly Share-based Compensation fell 95.71% year-over-year to $1.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $39.7 million (up 26.45% YoY) and the FY2025 annual result came in at $46.2 million, up 12.62% from the prior year.
  • Share-based Compensation was $1.3 million for Q1 2026 at Shoals Technologies, down from $38.5 million in the prior quarter.
  • Across five years, Share-based Compensation topped out at $56.6 million in Q3 2023 and bottomed at -$13.2 million in Q4 2023.
  • A 5-year average of $19.2 million and a median of $9.6 million in 2023 frame the typical range for Share-based Compensation.
  • Peak annual rise in Share-based Compensation reached 94256.67% in 2023, while the deepest fall reached 412.25% in 2023.
  • Shoals Technologies' Share-based Compensation stood at $4.2 million in 2022, then slumped by 412.25% to -$13.2 million in 2023, then soared by 199.09% to $13.1 million in 2024, then soared by 194.75% to $38.5 million in 2025, then tumbled by 96.5% to $1.3 million in 2026.
  • Business Quant data shows SHLS's Share-based Compensation at $1.3 million in Q1 2026, $38.5 million in Q4 2025, and $7.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 6.78 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 120.30 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 18.69 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn 5.26 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 26.30 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 1.35 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 51.94 Mn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 3.94 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 1.35 Mn
Mar 31, 2026 1.35 Mn
Dec 31, 2025 38.49 Mn
Dec 31, 2025 38.49 Mn
Sep 30, 2025 7.60 Mn
Sep 30, 2025 7.60 Mn
Jun 30, 2025 19.79 Mn
Jun 30, 2025 19.79 Mn
Mar 31, 2025 31.41 Mn
Mar 31, 2025 31.41 Mn
Dec 31, 2024 13.06 Mn
Dec 31, 2024 13.06 Mn
Sep 30, 2024 54.74 Mn
Sep 30, 2024 54.74 Mn
Jun 30, 2024 47.33 Mn
Jun 30, 2024 47.33 Mn
Mar 31, 2024 51.80 Mn
Mar 31, 2024 51.80 Mn
Dec 31, 2023 -13.18 Mn
Dec 31, 2023 -13.18 Mn