Can Shoals Technologies Group, Inc. cover its short-term obligations?

Its current ratio is 1.84 — current assets exceed current liabilities.

Where does Shoals Technologies Group, Inc.'s balance sheet data come from?

Every line is extracted from Shoals Technologies Group, Inc.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Shoals Technologies Group, Inc. SHLS Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Cash and cash equivalents	$1.88M-74.4%	$7.32M-14.8%	$8.59M+83.3%	$4.69M-86.8%	$35.61M+51.5%
Accounts receivable, net	$129.7M+0.3%	$129.29M+9.6%	$117.96M+13.5%	$103.93M+52.4%	$68.2M-13.3%
Inventories	$158.99M+76.9%	$89.88M+48.9%	$60.35M+6.1%	$56.9M-7.0%	$61.17M+9.3%
Raw materials	$157.14M+73.3%	$90.69M+46.5%	$61.91M+5.1%	$58.88M-3.4%	$60.97M+9.5%
Work in process	$4.8M+68.9%	$2.84M-1.2%	$2.88M+47.6%	$1.95M-7.8%	$2.11M-8.7%
Finished goods	$808K+201%	$268K+0.4%	$267K-24.4%	$353K-85.3%	$2.4M-0.7%
Prepaid expenses and other current assets	$12.57M+28.8%	$9.76M+37.8%	$7.09M-53.4%	$15.2M+18.2%	$12.85M+30.5%
Contract assets	$15.14M-31.6%	$22.13M+187%	$7.71M-21.9%	$9.86M-5.3%	$10.41M-50.0%
Total current assets	$382.54M+48.3%	$257.89M+28.2%	$201.19M+5.9%	$190.07M+1.2%	$187.75M-0.3%
Property and equipment, net	$59.07M+10.8%	$53.3M+8.4%	$49.19M+17.2%	$41.98M+39.7%	$30.04M+6.4%
Accumulated depreciation	$19.6M+12.1%	$17.49M+8.6%	$16.11M+7.5%	$14.98M+4.9%	$14.28M+9.3%
Operating lease right-of-use assets	$45M-2.3%	$46.04M-2.2%	$47.08M—	——	——
Goodwill	$69.94M0.0%	$69.94M0.0%	$69.94M0.0%	$69.94M0.0%	$69.94M0.0%
Intangible assets, net	$31.6M-5.7%	$33.5M-5.4%	$35.4M-5.1%	$37.29M-4.8%	$39.19M-4.6%
Deferred tax assets	$438.12M0.0%	$438.03M-1.3%	$443.59M-0.9%	$447.57M-1.0%	$451.87M-0.5%
Other non-current assets	$4.62M-14.4%	$5.4M-0.1%	$5.41M-33.3%	$8.11M-15.8%	$9.64M+1.0%
Total assets	$1.03B+14.0%	$904.1M+6.1%	$851.79M+7.1%	$794.96M+0.8%	$788.42M-0.6%
Accounts payable	$80.43M+24.0%	$64.88M+91.1%	$33.94M+16.1%	$29.24M+9.5%	$26.71M+33.4%
Accrued expenses	$4.67M-28.6%	$6.53M-6.6%	$6.99M+51.2%	$4.63M+29.3%	$3.58M-71.5%
Deferred revenue	$30.34M-18.1%	$37.03M+41.9%	$26.1M+30.0%	$20.08M+32.1%	$15.2M-18.9%
Accrued interest	$1.02M+56.7%	$653K+24.6%	$524K+52.3%	$344K+67.8%	$205K-20.8%
Total current liabilities	$208.31M+63.6%	$127.32M+38.6%	$91.88M+12.9%	$81.35M+1.3%	$80.28M-0.8%
Operating lease liabilities, non-current	$37.8M-2.2%	$38.66M-2.1%	$39.49M—	——	——
Other non-current liabilities	$991K0.0%	$991K0.0%	$991K-44.2%	$1.78M-11.3%	$2M+102%
Total liabilities	$429.25M+41.1%	$304.13M+16.0%	$262.15M+19.4%	$219.56M-4.3%	$229.49M-2.9%
Preferred stock	$0—	$0—	$0—	$0—	$0—
Additional paid-in capital	$495.06M+0.4%	$493.09M+0.5%	$490.88M+0.5%	$488.53M+0.5%	$485.96M+0.5%
Retained earnings	$131.86M-0.2%	$132.15M+6.5%	$124.03M+10.6%	$112.15M+14.1%	$98.3M-0.3%
Treasury stock	$25.27M0.0%	$25.27M0.0%	$25.27M0.0%	$25.27M-0.2%	$25.33M0.0%
Total stockholders' equity	$601.65M+0.3%	$599.97M+1.8%	$589.64M+2.5%	$575.41M+2.9%	$558.93M+0.4%
Total liabilities and stockholders' equity	$1.03B+14.0%	$904.1M+6.1%	$851.79M+7.1%	$794.96M+0.8%	$788.42M-0.6%
Allowance for Doubtful Accounts	$496K0.0%	$496K0.0%	$496K0.0%	$496K0.0%	$496K0.0%
Allowance for Doubtful Accounts Receivable (Current)	$496K0.0%	$496K0.0%	$496K0.0%	$496K0.0%	$496K0.0%
PT Freeport Indonesia (PTFI) mud rush incident insurance settlement receivable	$64.75M—	$0—	——	——	——
Other current assets	$12.57M+28.8%	$9.76M+37.8%	$7.09M-53.4%	$15.2M+18.2%	$12.85M+30.5%
Other Inventory, Net	$3.76M-4.2%	$3.93M-16.5%	$4.7M+9.8%	$4.28M-0.7%	$4.31M-3.3%
Deferred Tax Assets and Other Non-Current Assets	$4.62M-14.4%	$5.4M-0.1%	$5.41M-33.3%	$8.11M-15.8%	$9.64M+1.0%
Finite Lived Intangible Assets - Gross	$99.6M0.0%	$99.6M-2.5%	$102.2M0.0%	$102.2M0.0%	$102.2M0.0%
Net Investment in Lease	$45M-2.3%	$46.04M-2.2%	$47.08M—	——	——
Deferred tax assets	$438.12M0.0%	$438.03M-1.3%	$443.59M-0.9%	$447.57M-1.0%	$451.87M-0.5%
Intangible assets — net	$31.6M-5.7%	$33.5M-5.4%	$35.4M-5.1%	$37.29M-4.8%	$39.19M-4.6%
Operating lease right-of-use assets	$45M-2.3%	$46.04M-2.2%	$47.08M—	——	——
Other non-current assets	$4.62M-14.4%	$5.4M-0.1%	$5.41M-33.3%	$8.11M-15.8%	$9.64M+1.0%
Property, plant and equipment at cost	$78.67M+11.1%	$70.79M+8.4%	$65.29M+14.6%	$56.96M+28.5%	$44.32M+7.4%
Operating Lease Right-of-Use Assets in Other Assets	$45M-2.3%	$46.04M-2.2%	$47.08M—	——	——
Software and Technology Licenses, Net	$4.62M-14.4%	$5.4M-0.1%	$5.41M-33.3%	$8.11M-15.8%	$9.64M+1.0%
Accrued Litigation	$70M—	$0—	——	——	——
Accrued Manufacturing Costs	$4.67M-28.6%	$6.53M-6.6%	$6.99M+51.2%	$4.63M+29.3%	$3.58M-28.5%
Compensation and benefits	$4.67M-28.6%	$6.53M-6.6%	$6.99M+51.2%	$4.63M+29.3%	$3.58M-28.5%
Current portion of accrued product warranty	$1.23M-61.5%	$3.2M-29.7%	$4.56M-69.8%	$15.1M-41.8%	$25.96M-12.3%
Line of Credit Outstanding	$181.75M+32.9%	$136.75M+7.9%	$126.75M-3.8%	$131.75M-7.1%	$141.75M0.0%
Professional Service Fees Payable	$4.31M+35.1%	$3.19M-68.1%	$10M+64.6%	$6.08M—	——
Standard Product Warranty Accrual	$1.64M-54.6%	$3.61M-52.5%	$7.6M-61.6%	$19.79M-37.0%	$31.41M-23.4%
Accrued expenses and other liabilities	$26.31M+18.4%	$22.22M-18.6%	$27.28M+61.2%	$16.93M+36.3%	$12.42M-1.0%
Accrued litigation	$70M—	$0—	——	——	——
Total debt	$37.8M-9.7%	$41.88M-74.8%	$166.24M+26.2%	$131.75M-7.1%	$141.75M-1.5%
Convertible Preferred Stock Authorized Shares	5M0.0%	5M0.0%	5M0.0%	5M0.0%	5M0.0%
Convertible Preferred Stock Issued Shares	0—	0—	0—	0—	0—
Convertible Preferred Stock Outstanding Shares	0—	0—	0—	0—	0—
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—	$0—
Preferred Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Share-Based Payment - Unrecognized Cost of Nonvested Awards	$23.1M—	——	$16.5M-16.7%	$19.8M+0.5%	$19.7M—
Cumulative Cost Basis	$78.67M+11.1%	$70.79M+8.4%	$65.29M+14.6%	$56.96M+28.5%	$44.32M+7.4%
Accrued Professional Fees Current And Noncurrent	$4.31M+35.1%	$3.19M-68.1%	$10M+64.6%	$6.08M—	——
Accrued rebates	$7.02M+44.8%	$4.85M+9.5%	$4.43M+22.4%	$3.62M+17.5%	$3.08M+0.7%
Allowance for doubtful accounts	$496K0.0%	$496K0.0%	$496K0.0%	$496K0.0%	$496K0.0%
Retentions held by customers	$118.45M-0.9%	$119.52M+10.4%	$108.25M+14.0%	$94.98M+58.7%	$59.86M-15.6%
Contract liabilities	$4.12M+127%	$1.81M—	——	——	——
Unrecognized compensation cost related to non-vested awards	$23.1M—	——	$16.5M-16.7%	$19.8M+0.5%	$19.7M—
Finite-Lived Intangible Assets, Accumulated Amortization	$68M+2.9%	$66.1M-1.1%	$66.81M+2.9%	$64.91M+3.0%	$63.01M+3.1%
Gross Carrying Amount	$99.6M0.0%	$99.6M-2.5%	$102.2M0.0%	$102.2M0.0%	$102.2M0.0%
Raw materials	$157.14M+73.3%	$90.69M+46.5%	$61.91M+5.1%	$58.88M-3.4%	$60.97M+9.5%
Secured lines of credit	$181.75M+32.9%	$136.75M+7.9%	$126.75M-3.8%	$131.75M-7.1%	$141.75M0.0%
Number of subsidiaries	5—	——	50.0%	50.0%	5—
Other accrued liabilities	$9.28M+32.8%	$6.99M+31.1%	$5.33M+136%	$2.26M—	——
Preferred Stock, Par or Stated Value Per Share	$00.0%	$00.0%	$00.0%	$00.0%	$00.0%
Preferred Stock, Shares Authorized	$5M0.0%	$5M0.0%	$5M0.0%	$5M0.0%	$5M0.0%
Preferred Stock, Shares Issued	$0—	$0—	$0—	$0—	$0—
Preferred Stock, Shares Outstanding	$0—	$0—	$0—	$0—	$0—
Standard and Extended Product Warranty Accrual	$1.64M-54.6%	$3.61M-52.5%	$7.6M-61.6%	$19.79M-37.0%	$31.41M-23.4%
Long-term portion of accrued product warranty	$403K0.0%	$403K-86.7%	$3.04M-35.1%	$4.69M-14.1%	$5.46M-52.1%
Retainage Deposit	$10.76M+16.0%	$9.27M+0.6%	$9.22M+9.0%	$8.45M+7.7%	$7.85M+7.5%
Treasury stock, shares (in shares)	$3.91M0.0%	$3.91M0.0%	$3.91M0.0%	$3.91M0.0%	$3.91M0.0%
Unbilled balances	$15.14M-31.6%	$22.13M+187%	$7.71M-21.9%	$9.86M-5.3%	$10.41M-50.0%

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Questions, answered.

Can Shoals Technologies Group, Inc. cover its short-term obligations?: Its current ratio is 1.84 — current assets exceed current liabilities.
Where does Shoals Technologies Group, Inc.'s balance sheet data come from?: Every line is extracted from Shoals Technologies Group, Inc.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.