Growth Metrics

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

Shoals Technologies posted quarterly Total Debt of $181.8 million for Q1 2026, up 28.22% year-on-year 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) has 7 years of Total Debt data on file, last reported 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.
  • Across five years, Total Debt topped out at $181.8 million in Q1 2026 and bottomed at $2.0 million in Q3 2023.
  • The 5-year median for Total Debt is $126.8 million (2025), against an average of $102.8 million.
  • The widest annual swing landed in 2023, when Total Debt tumbled 97.72%; it then soared 6987.5% in 2024.
  • A 5-year view of Total Debt shows it stood at $50.0 million in 2022, then retreated by 16.0% to $42.0 million in 2023, then surged by 237.5% to $141.8 million in 2024, then slipped by 3.53% to $136.8 million in 2025, then soared 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 26.65 Bn 24.22 Bn 486.13 Mn 425.78 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 5.34 Bn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 572.51 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 443.39 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 181.75 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 667.21 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 2.78 Bn
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 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
Mar 31, 2021 42.50 Mn
Dec 31, 2020 23.50 Mn