Growth Metrics

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

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DateValue
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