Shoals Technologies (SHLS) Total Non-Current Liabilities (2020 - 2026)
Shoals Technologies posted quarterly Total Non-Current Liabilities of $428.8 million for Q1 2026, up 91.42% year-on-year 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) has 7 years of Total Non-Current Liabilities data on file, last reported at $428.8 million in Q1 2026.
- For the quarter ending Q1 2026, Total Non-Current Liabilities rose 91.42% year-over-year to $428.8 million; the trailing twelve-month figure through Mar 2026 stood at $428.8 million (up 91.42% YoY), and the FY2025 full-year result was $303.7 million, up 29.09% from the prior year.
- Total Non-Current Liabilities for Q1 2026 stood at $428.8 million, up from $303.7 million in the prior quarter.
- Across five years, Total Non-Current Liabilities topped out at $507.2 million in Q3 2022 and bottomed at $214.9 million in Q2 2025.
- The 5-year median for Total Non-Current Liabilities is $276.1 million (2023), against an average of $310.6 million.
- The widest annual swing landed in 2023, when Total Non-Current Liabilities sank 45.56%; it then surged 91.42% in 2026.
- A 5-year view of Total Non-Current Liabilities shows it stood at $293.9 million in 2022, then fell by 6.37% to $275.2 million in 2023, then fell by 14.5% to $235.3 million in 2024, then rose by 29.09% to $303.7 million in 2025, then jumped 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn | 3.17 Bn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 1.64 Bn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 10.32 Bn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 1.45 Bn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 952.52 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 17.66 Bn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 428.85 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 1.17 Bn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 5.44 Bn |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 33.78 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |