Shoals Technologies (SHLS) Total Debt (2020 - 2026)
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.
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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
Download Data
Historic 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 | 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_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "SHLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();