Shoals Technologies (SHLS) Tax Provisions (2021 - 2026)
Shoals Technologies (SHLS) posted Tax Provisions of -$89000.0 for Q1 2026, down 101.61% on a QoQ basis from $5.5 million in Q4 2025, and down 103.87% year-over-year from $2.3 million in Q1 2025.
Shoals Technologies (SHLS) Tax Provisions (2021 - 2026) Analysis & Trends
Shoals Technologies' Tax Provisions history runs 6 years deep, the most recent figure standing at -$89000.0 for 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 was -$89000.0 for Q1 2026 at Shoals Technologies, down from $5.5 million in the prior quarter.
- Across five years, Tax Provisions topped out at $9.6 million in Q4 2023 and bottomed at -$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 slumped 370.88%.
- Shoals Technologies' Tax Provisions stood at $3.5 million in 2022, then surged by 173.79% to $9.6 million in 2023, then sank by 38.79% to $5.9 million in 2024, then decreased by 5.62% to $5.5 million in 2025, then plunged by 101.61% to -$89000.0 in 2026.
- Business Quant data shows SHLS's Tax Provisions at -$89000.0 in Q1 2026, $5.5 million in Q4 2025, and $4.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 7.72 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 9.03 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -6.50 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 54.98 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 1.29 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 7.07 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | -89,000.00 |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 4.18 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 2.13 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | -5.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -339,000.00 |