Shoals Technologies SHLS
NASDAQ SHLS
$8.30 +0.17 (+2.09%)
At close: Oct 2, 2026 · 4:00 PM EDT

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

Updated

Shoals Technologies' Total Debt came in at $196.75 million for Q2 2026, up 49.3% from $131.75 million a year earlier and up 8.3% from the prior quarter.

Analysis

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

At the end of FY2025, Shoals Technologies' Total Debt was $136.75 million, down 3.5% from FY2024.

  • Total Debt carries a five-year compound annual growth rate of 42.2% (FY2020 to FY2025).
  • Going back by year, Total Debt was $141.75 million in FY2024 (+237.5%), $42 million in FY2023 (-16.0%), $50 million in FY2022 (-12.5%) and $57.14 million in FY2021 (+143.1%).
  • The Q2 2026 figure represents the highest quarterly Total Debt in data going back to Q4 2020.
  • Year-over-year, Total Debt increased in three of the last seven quarters, with growth averaging 39.2%.
  • The fastest year-over-year change in Total Debt over five years came in Q2 2024 (growth of 567.0%), and the weakest in Q3 2023 (a decline of 97.7%).
  • Business Quant data shows SHLS's Total Debt at $181.75 million (Q1 2026), $136.75 million (Q4 2025) and $126.75 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 GE Vernova 252.99 Bn 214.06 Bn 2.36 Bn 2.79 Bn
2 Bloom Energy 81.25 Bn 73.07 Bn 355.57 Mn 2.58 Mn
3 First Solar 18.82 Bn 9.78 Bn 605.00 Mn 37.64 Mn
4 BWX Technologies 12.55 Bn 10.85 Bn 202.31 Mn 2.02 Bn
5 Generac Holdings 12.21 Bn 11.04 Bn 521.81 Mn 1.33 Bn
6 Nextpower 11.82 Bn 7.71 Bn 335.85 Mn -
7 EnerSys 6.67 Bn 4.86 Bn 313.36 Mn 1.04 Bn
8 Enphase Energy 4.36 Bn -500.13 Mn 175.01 Mn 572.84 Mn
9 Mirion Technologies 3.45 Bn 1.34 Bn 133.10 Mn 445.30 Mn
10 Shoals Technologies 1.36 Bn 1.33 Bn 49.53 Mn 196.75 Mn
Historic Data

Historic Data

Download Data
DateValue
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 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
API Access

Shoals Technologies Total Debt API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=total-debt&ticker=SHLS&period=max&api_key=YOUR_API_KEY