Shoals Technologies (SHLS) Total Debt (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Total Debt came in at $181.8 million in Q1 2026, up 28.22% YoY from $141.8 million in Q1 2025, and up 32.91% on a QoQ basis from $136.8 million in Q4 2025.
Shoals Technologies (SHLS) Total Debt (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Total Debt data on file, last reported at $181.8 million in Q1 2026.
- Quarterly Total Debt rose 28.22% year-over-year to $181.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $181.8 million (up 28.22% YoY) and the FY2025 annual result came in at $136.8 million, down 3.53% from the prior year.
- Total Debt grew to $181.8 million in Q1 2026, from $136.8 million in the prior quarter.
- In the past five years, Total Debt ranged from a high of $283.8 million in Q1 2022 to a low of $22.0 million in Q2 2023.
- A 5-year average of $156.1 million and a median of $141.8 million in 2024 frame the typical range for Total Debt.
- Annual changes were most pronounced in 2022 — Total Debt sank 79.92% — and 2024, when it soared 567.05%.
- Tracing SHLS's Total Debt over 5 years: stood at $50.0 million in 2022, then soared by 266.89% to $183.4 million in 2023, then dropped by 22.73% 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 37.64 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 572.84 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 14.53 Bn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 196.75 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 8.40 Bn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 2.75 Bn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 668.72 Mn |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 2.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 196.75 Mn |
| 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 | 183.45 Mn |
| Sep 30, 2023 | 192.38 Mn |
| Jun 30, 2023 | 22.00 Mn |
| Mar 31, 2023 | 237.84 Mn |
| Dec 31, 2022 | 50.00 Mn |
| Sep 30, 2022 | 278.93 Mn |
| Jun 30, 2022 | 87.14 Mn |
| Mar 31, 2022 | 283.83 Mn |
| Dec 31, 2021 | 249.05 Mn |
| Sep 30, 2021 | 254.28 Mn |