Shoals Technologies (SHLS) Total Non-Current Liabilities (2020 - 2026)
Shoals Technologies (SHLS) reported Total Non-Current Liabilities of $428.8 million for Q1 2026, up 91.42% on a YoY basis from $224.0 million in Q1 2025, and up 41.2% quarter-over-quarter from $303.7 million in Q4 2025.
Shoals Technologies (SHLS) Total Non-Current Liabilities (2020 - 2026) Analysis & Trends
Shoals Technologies has reported Total Non-Current Liabilities for 7 years, with the latest figure 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.
- The five-year high for Total Non-Current Liabilities was $507.2 million in Q3 2022, with the low at $214.9 million in Q2 2025.
- Historically, Total Non-Current Liabilities has averaged $310.6 million across 5 years, with a median of $276.1 million in 2023.
- Annual changes were most pronounced in 2023 — Total Non-Current Liabilities tumbled 45.56% — and 2026, when it surged 91.42%.
- Shoals Technologies' Total Non-Current Liabilities 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 | 28.68 Bn | 26.25 Bn | 486.13 Mn | 3.17 Bn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 1.64 Bn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 1.45 Bn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 952.52 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 17.66 Bn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 428.85 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 1.17 Bn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 5.44 Bn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 33.78 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | 1.30 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 |