Shoals Technologies (SHLS) Tax Provisions (2021 - 2026)
Shoals Technologies' (SHLS) quarterly Tax Provisions came in at -$89000.0 in Q1 2026, down 103.87% YoY from $2.3 million in Q1 2025, and down 101.61% on a QoQ basis from $5.5 million in Q4 2025.
Shoals Technologies (SHLS) Tax Provisions (2021 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 6 years of Tax Provisions data on file, last reported at -$89000.0 in Q1 2026.
- Quarterly Tax Provisions fell 103.87% year-over-year to -$89000.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $12.6 million (down 7.56% YoY) and the FY2025 annual result came in at $14.9 million, up 8.79% from the prior year.
- Tax Provisions retreated to -$89000.0 in Q1 2026, from $5.5 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $9.6 million in Q4 2023 to a low of -$6.6 million in Q3 2023.
- A 5-year average of $2.9 million and a median of $3.1 million in 2025 frame the typical range for Tax Provisions.
- Annual changes were most pronounced in 2022 — Tax Provisions soared 545.72% — and 2023, when it tumbled 370.88%.
- Tracing SHLS's Tax Provisions over 5 years: stood at $3.5 million in 2022, then soared by 173.79% to $9.6 million in 2023, then tumbled by 38.79% to $5.9 million in 2024, then fell by 5.62% to $5.5 million in 2025, then slumped by 101.61% to -$89000.0 in 2026.
- The last three Tax Provisions figures came in at -$89000.0 (Q1 2026), $5.5 million (Q4 2025), and $4.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 36.81 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 33.57 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 25.82 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | -3.97 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 2.33 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 3.36 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 4.18 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | 54.98 Mn |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 7.40 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | -5.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.36 Mn |
| Mar 31, 2026 | -89,000.00 |
| Dec 31, 2025 | 5.54 Mn |
| Sep 30, 2025 | 3.99 Mn |
| Jun 30, 2025 | 3.12 Mn |
| Mar 31, 2025 | 2.30 Mn |
| Dec 31, 2024 | 5.87 Mn |
| Sep 30, 2024 | 1.70 Mn |
| Jun 30, 2024 | 3.72 Mn |
| Mar 31, 2024 | 2.45 Mn |
| Dec 31, 2023 | 9.59 Mn |
| Sep 30, 2023 | -6.64 Mn |
| Jun 30, 2023 | 6.21 Mn |
| Mar 31, 2023 | 3.12 Mn |
| Dec 31, 2022 | 3.50 Mn |
| Sep 30, 2022 | 2.45 Mn |
| Jun 30, 2022 | 1.51 Mn |
| Mar 31, 2022 | 1.52 Mn |
| Dec 31, 2021 | 3.21 Mn |
| Sep 30, 2021 | -1.31 Mn |