Shoals Technologies (SHLS) Shares Outstanding (Diluted Average) (2021 - 2026)
Shoals Technologies posted quarterly Shares Outstanding (Diluted Average) of $167.6 million for Q1 2026, little changed year-on-year from $167.0 million in Q1 2025, and little changed on a QoQ basis from $168.4 million in Q4 2025.
Shoals Technologies (SHLS) has 6 years of Shares Outstanding (Diluted Average) data on file, last reported at $167.6 million in Q1 2026.
- For the quarter ending Q1 2026, Shares Outstanding (Diluted Average) changed 0.36% year-over-year to $167.6 million; the trailing twelve-month figure through Mar 2026 stood at $167.6 million (changed 0.36% YoY), and the FY2025 full-year result was $168.4 million, changed 0.21% from the prior year.
- Shares Outstanding (Diluted Average) for Q1 2026 stood at $167.6 million, roughly flat from $168.4 million in the prior quarter.
- Across five years, Shares Outstanding (Diluted Average) topped out at $170.5 million in Q1 2024 and bottomed at $112.2 million in Q1 2022.
- The 5-year median for Shares Outstanding (Diluted Average) is $167.4 million (2024), against an average of $156.8 million.
- Peak annual rise in Shares Outstanding (Diluted Average) reached 68.87% in 2022, while the deepest fall reached 32.61% in 2022.
- A 5-year view of Shares Outstanding (Diluted Average) shows it stood at $167.6 million in 2022, then slipped by 1.87% to $164.5 million in 2023, then rose by 2.57% to $168.7 million in 2024, then retreated by 0.21% to $168.4 million in 2025, then decreased by 0.49% to $167.6 million in 2026.
- The last three Shares Outstanding (Diluted Average) figures came in at $167.6 million (Q1 2026), $168.4 million (Q4 2025), and $168.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares (Diluted Avg.) (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 107.62 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 152.71 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 2,500.00 |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 131.34 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 60.52 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 272.35 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 167.56 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 152.96 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 209.48 Mn |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 72.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 167.56 Mn |
| Dec 31, 2025 | 168.38 Mn |
| Sep 30, 2025 | 168.75 Mn |
| Jun 30, 2025 | 167.24 Mn |
| Mar 31, 2025 | 166.96 Mn |
| Dec 31, 2024 | 168.73 Mn |
| Sep 30, 2024 | 167.38 Mn |
| Jun 30, 2024 | 170.10 Mn |
| Mar 31, 2024 | 170.51 Mn |
| Dec 31, 2023 | 164.50 Mn |
| Sep 30, 2023 | 162.61 Mn |
| Jun 30, 2023 | 170.24 Mn |
| Mar 31, 2023 | 147.11 Mn |
| Dec 31, 2022 | 167.63 Mn |
| Sep 30, 2022 | 112.82 Mn |
| Jun 30, 2022 | 112.43 Mn |
| Mar 31, 2022 | 112.24 Mn |
| Dec 31, 2021 | 99.27 Mn |
| Sep 30, 2021 | 102.25 Mn |
| Jun 30, 2021 | 166.83 Mn |
| Mar 31, 2021 | 93.54 Mn |