Shoals Technologies (SHLS) Total Liabilities (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Total Liabilities came in at $429.2 million in Q1 2026, up 87.04% YoY 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) Total Liabilities (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Total Liabilities data on file, last reported at $429.2 million in Q1 2026.
- Quarterly Total Liabilities rose 87.04% year-over-year to $429.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $429.2 million (up 87.04% YoY) and the FY2025 annual result came in at $304.1 million, up 28.72% from the prior year.
- Total Liabilities climbed to $429.2 million in Q1 2026, from $304.1 million in the prior quarter.
- In the past five years, Total Liabilities ranged from a high of $507.2 million in Q3 2022 to a low of $219.6 million in Q2 2025.
- A 5-year average of $319.0 million and a median of $293.9 million in 2022 frame the typical range for Total Liabilities.
- Annual changes were most pronounced in 2023 — Total Liabilities slumped 40.72% — and 2026, when it surged 87.04%.
- Tracing SHLS's Total Liabilities over 5 years: stood at $293.9 million in 2022, then rose by 1.73% to $299.0 million in 2023, then slipped by 20.98% to $236.3 million in 2024, then increased by 28.72% to $304.1 million in 2025, then jumped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 3.07 Bn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 1.71 Bn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 1.74 Bn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 18.15 Bn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 2.30 Bn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 399.68 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 10.90 Bn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 13.82 Bn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 1.24 Bn |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 338.49 Mn |
Historic Data
Download 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 |