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| Date | Value |
|---|---|
| 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 |