Shoals Technologies (SHLS) Total Non-Current Liabilities (2020 - 2026)
Shoals Technologies (SHLS) posted Total Non-Current Liabilities of $428.8 million for Q1 2026, up 41.2% on a QoQ basis from $303.7 million in Q4 2025, and up 91.42% year-over-year from $224.0 million in Q1 2025.
Shoals Technologies (SHLS) Total Non-Current Liabilities (2020 - 2026) Analysis & Trends
Shoals Technologies' Total Non-Current Liabilities history runs 7 years deep, the most recent figure standing at $428.8 million for 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 was $428.8 million for Q1 2026 at Shoals Technologies, 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.
- 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 slumped 45.56% — and 2026, when it surged 91.42%.
- Shoals Technologies' Total Non-Current Liabilities stood at $293.9 million in 2022, then retreated by 6.37% to $275.2 million in 2023, then retreated by 14.5% to $235.3 million in 2024, then gained by 29.09% to $303.7 million in 2025, then surged by 41.2% to $428.8 million in 2026.
- Business Quant data shows SHLS's Total Non-Current Liabilities at $428.8 million in Q1 2026, $303.7 million in Q4 2025, and $259.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Non-Current Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 3.17 Bn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 1.64 Bn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 1.56 Bn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 5.44 Bn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 952.52 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 17.66 Bn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 428.85 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 10.90 Bn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 1.20 Bn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 33.76 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 |