Shoals Technologies (SHLS) Total Liabilities (2020 - 2026)
Shoals Technologies' Total Liabilities was $399.68 million in Q2 2026, up 82.0% from $219.56 million a year earlier but down 6.9% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Total Liabilities (2020 - 2026) Analysis & Trends
At the end of FY2025, Total Liabilities at Shoals Technologies came in at $304.13 million, up 28.7% from FY2024.
- Total Liabilities shows a five-year compound annual growth rate of -4.3% (FY2020 to FY2025).
- In earlier years, Total Liabilities was $236.28 million in FY2024 (-21.0%), $299 million in FY2023 (+1.7%), $293.91 million in FY2022 (-32.3%) and $433.91 million in FY2021 (+14.4%).
- Quarterly Total Liabilities has moved between $219.56 million (Q2 2025) and $507.22 million (Q3 2022) over five years.
- Compared with a year earlier, Total Liabilities has increased for four straight quarters, with growth averaging 16.9% over the last eight quarters.
- The best year-over-year quarter for Total Liabilities over five years was Q1 2026 (growth of 87.0%); the worst was Q2 2023 (a decline of 40.7%).
- Per Business Quant data, SHLS's Total Liabilities in the three quarters before Q2 2026 was $429.25 million (Q1 2026), $304.13 million (Q4 2025) and $262.15 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 67.69 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 3.99 Bn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 3.07 Bn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 3.09 Bn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 2.89 Bn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 1.71 Bn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 1.98 Bn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 1.74 Bn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 1.65 Bn |
| 10 | Shoals Technologies | 1.36 Bn | 1.33 Bn | 49.53 Mn | 399.68 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 399.68 Mn |
| 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 |
API Access
Shoals Technologies Total Liabilities 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-liabilities&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-liabilities", "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-liabilities&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();