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| Date | Value |
|---|---|
| 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 |