Growth Metrics

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 🔒
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
Mar 31, 2021 93.54 Mn