Shoals Technologies (SHLS) Total Debt (2020 - 2026)

Shoals Technologies (SHLS) reported Total Debt of $181.8 million for Q1 2026, up 28.22% on a YoY basis from $141.8 million in Q1 2025, and up 32.91% quarter-over-quarter from $136.8 million in Q4 2025.

Shoals Technologies (SHLS) Total Debt (2020 - 2026) Analysis & Trends

Shoals Technologies has reported Total Debt for 7 years, with the latest figure at $181.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Total Debt rose 28.22% year-over-year to $181.8 million; the trailing twelve-month figure through Mar 2026 stood at $181.8 million (up 28.22% YoY), and the FY2025 full-year result was $136.8 million, down 3.53% from the prior year.
  • Total Debt for Q1 2026 stood at $181.8 million, up from $136.8 million in the prior quarter.
  • The five-year high for Total Debt was $181.8 million in Q1 2026, with the low at $2.0 million in Q3 2023.
  • Historically, Total Debt has averaged $102.8 million across 5 years, with a median of $126.8 million in 2025.
  • Annual changes were most pronounced in 2023 — Total Debt sank 97.72% — and 2024, when it soared 6987.5%.
  • Shoals Technologies' Total Debt stood at $50.0 million in 2022, then fell by 16.0% to $42.0 million in 2023, then jumped by 237.5% to $141.8 million in 2024, then decreased by 3.53% to $136.8 million in 2025, then surged by 32.91% to $181.8 million in 2026.
  • The last three Total Debt figures came in at $181.8 million (Q1 2026), $136.8 million (Q4 2025), and $126.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 425.78 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 572.51 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 443.39 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 181.75 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 667.21 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 2.78 Bn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -
10 Skycorp Solar 110.38 Mn 103.60 Mn - 2.05 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 181.75 Mn
Dec 31, 2025 136.75 Mn
Sep 30, 2025 126.75 Mn
Jun 30, 2025 131.75 Mn
Mar 31, 2025 141.75 Mn
Dec 31, 2024 141.75 Mn
Sep 30, 2024 141.75 Mn
Jun 30, 2024 146.75 Mn
Mar 31, 2024 168.75 Mn
Dec 31, 2023 42.00 Mn
Sep 30, 2023 2.00 Mn
Jun 30, 2023 22.00 Mn
Mar 31, 2023 47.00 Mn
Dec 31, 2022 50.00 Mn
Sep 30, 2022 87.64 Mn
Jun 30, 2022 87.14 Mn
Mar 31, 2022 92.14 Mn
Dec 31, 2021 57.14 Mn
Sep 30, 2021 62.14 Mn
Jun 30, 2021 52.50 Mn