Shoals Technologies (SHLS) Total Non-Current Liabilities (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Total Non-Current Liabilities came in at $428.8 million in Q1 2026, up 91.42% YoY from $224.0 million in Q1 2025, and up 41.2% on a QoQ basis from $303.7 million in Q4 2025.
Shoals Technologies (SHLS) Total Non-Current Liabilities (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Total Non-Current Liabilities data on file, last reported at $428.8 million in Q1 2026.
- Quarterly Total Non-Current Liabilities rose 91.42% year-over-year to $428.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $428.8 million (up 91.42% YoY) and the FY2025 annual result came in at $303.7 million, up 29.09% from the prior year.
- Total Non-Current Liabilities advanced to $428.8 million in Q1 2026, from $303.7 million in the prior quarter.
- In the past five years, Total Non-Current Liabilities ranged from a high of $507.2 million in Q3 2022 to a low of $214.9 million in Q2 2025.
- A 5-year average of $310.6 million and a median of $276.1 million in 2023 frame the typical range for Total Non-Current Liabilities.
- Annual changes were most pronounced in 2023 — Total Non-Current Liabilities tumbled 45.56% — and 2026, when it surged 91.42%.
- Tracing SHLS's Total Non-Current Liabilities over 5 years: stood at $293.9 million in 2022, then declined by 6.37% to $275.2 million in 2023, then declined by 14.5% to $235.3 million in 2024, then increased by 29.09% to $303.7 million in 2025, then soared by 41.2% to $428.8 million in 2026.
- The last three Total Non-Current Liabilities figures came in at $428.8 million (Q1 2026), $303.7 million (Q4 2025), and $259.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Non-Current Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 2.78 Bn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 1.61 Bn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 1.56 Bn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 17.96 Bn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 971.12 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 398.69 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 10.32 Bn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | 5.44 Bn |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 1.22 Bn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 33.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 398.69 Mn |
| Mar 31, 2026 | 428.85 Mn |
| Dec 31, 2025 | 303.73 Mn |
| Sep 30, 2025 | 259.11 Mn |
| Jun 30, 2025 | 214.87 Mn |
| Mar 31, 2025 | 224.04 Mn |
| Dec 31, 2024 | 235.29 Mn |
| Sep 30, 2024 | 236.11 Mn |
| Jun 30, 2024 | 227.67 Mn |
| Mar 31, 2024 | 251.24 Mn |
| Dec 31, 2023 | 275.18 Mn |
| Sep 30, 2023 | 276.15 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 | 483.38 Mn |
| Mar 31, 2022 | 470.85 Mn |
| Dec 31, 2021 | 433.91 Mn |
| Dec 31, 2020 | 379.43 Mn |