Shoals Technologies (SHLS) Total Liabilities (2020 - 2026)
Shoals Technologies posted quarterly Total Liabilities of $429.2 million for Q1 2026, up 87.04% year-on-year from $229.5 million in Q1 2025, and up 41.14% on a QoQ basis from $304.1 million in Q4 2025.
Shoals Technologies (SHLS) has 7 years of Total Liabilities data on file, last reported at $429.2 million in Q1 2026.
- For the quarter ending Q1 2026, Total Liabilities rose 87.04% year-over-year to $429.2 million; the trailing twelve-month figure through Mar 2026 stood at $429.2 million (up 87.04% YoY), and the FY2025 full-year result was $304.1 million, up 28.72% from the prior year.
- Total Liabilities for Q1 2026 stood at $429.2 million, up from $304.1 million in the prior quarter.
- Across five years, Total Liabilities topped out at $507.2 million in Q3 2022 and bottomed at $219.6 million in Q2 2025.
- The 5-year median for Total Liabilities is $293.9 million (2022), against an average of $319.0 million.
- The widest annual swing landed in 2023, when Total Liabilities plunged 40.72%; it then surged 87.04% in 2026.
- A 5-year view of Total Liabilities shows it stood at $293.9 million in 2022, then gained by 1.73% to $299.0 million in 2023, then dropped by 20.98% to $236.3 million in 2024, then rose by 28.72% to $304.1 million in 2025, then surged by 41.14% to $429.2 million in 2026.
- The last three Total Liabilities figures came in at $429.2 million (Q1 2026), $304.1 million (Q4 2025), and $262.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 3.47 Bn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 1.74 Bn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 10.90 Bn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 1.62 Bn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 1.85 Bn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 17.81 Bn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 429.25 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 1.21 Bn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 13.82 Bn |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 34.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 429.25 Mn |
| Dec 31, 2025 | 304.13 Mn |
| Sep 30, 2025 | 262.15 Mn |
| Jun 30, 2025 | 219.56 Mn |
| Mar 31, 2025 | 229.49 Mn |
| Dec 31, 2024 | 236.28 Mn |
| Sep 30, 2024 | 256.11 Mn |
| Jun 30, 2024 | 243.85 Mn |
| Mar 31, 2024 | 271.33 Mn |
| Dec 31, 2023 | 299.00 Mn |
| Sep 30, 2023 | 315.51 Mn |
| Jun 30, 2023 | 289.42 Mn |
| Mar 31, 2023 | 302.52 Mn |
| Dec 31, 2022 | 293.91 Mn |
| Sep 30, 2022 | 507.22 Mn |
| Jun 30, 2022 | 488.18 Mn |
| Mar 31, 2022 | 475.92 Mn |
| Dec 31, 2021 | 433.91 Mn |
| Sep 30, 2021 | 393.93 Mn |
| Jun 30, 2021 | 308.44 Mn |
| Mar 31, 2021 | 295.12 Mn |
| Dec 31, 2020 | 379.43 Mn |
| Sep 30, 2020 | -175.29 Mn |
| Jun 30, 2020 | -170.91 Mn |
| Mar 31, 2020 | -158.99 Mn |