Growth Metrics

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

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DateValue
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