Shoals Technologies (SHLS) Shares Outstanding (Diluted Average) (2021 - 2026)

Shoals Technologies (SHLS) reported Shares Outstanding (Diluted Average) of $167.6 million for Q1 2026, little changed on a YoY basis from $167.0 million in Q1 2025, and little changed quarter-over-quarter from $168.4 million in Q4 2025.

Shoals Technologies (SHLS) Shares Outstanding (Diluted Average) (2021 - 2026) Analysis & Trends

Shoals Technologies has reported Shares Outstanding (Diluted Average) for 6 years, with the latest figure 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.
  • The five-year high for Shares Outstanding (Diluted Average) was $170.5 million in Q1 2024, with the low at $112.2 million in Q1 2022.
  • Historically, Shares Outstanding (Diluted Average) has averaged $156.8 million across 5 years, with a median of $167.4 million in 2024.
  • The largest YoY upside for Shares Outstanding (Diluted Average) was 68.87% in 2022 against a maximum downside of 32.61% in 2022.
  • Shoals Technologies' Shares Outstanding (Diluted Average) stood at $167.6 million in 2022, then decreased by 1.87% to $164.5 million in 2023, then increased by 2.57% to $168.7 million in 2024, then fell by 0.21% to $168.4 million in 2025, then retreated 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 28.68 Bn 26.25 Bn 486.13 Mn 107.62 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 152.71 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 131.34 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 60.52 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 272.35 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 167.56 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 152.96 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 30.24 Mn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 72.58 Mn
10 Skycorp Solar 110.38 Mn 103.60 Mn - 26.16 Mn

Historic Data

Download Data
DateValue
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