Shoals Technologies (SHLS) Change in Account Payables (2020 - 2026)
Shoals Technologies (SHLS) posted Change in Account Payables of $15.2 million for Q1 2026, down 50.51% on a QoQ basis from $30.8 million in Q4 2025, and up 127.79% year-over-year from $6.7 million in Q1 2025.
Shoals Technologies (SHLS) Change in Account Payables (2020 - 2026) Analysis & Trends
Shoals Technologies' Change in Account Payables history runs 7 years deep, the most recent figure standing at $15.2 million for Q1 2026.
- Quarterly Change in Account Payables rose 127.79% year-over-year to $15.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $51.9 million (up 372.05% YoY) and the FY2025 annual result came in at $43.3 million, up 668.63% from the prior year.
- Change in Account Payables was $15.2 million for Q1 2026 at Shoals Technologies, down from $30.8 million in the prior quarter.
- Across five years, Change in Account Payables topped out at $30.8 million in Q4 2025 and bottomed at -$12.2 million in Q4 2022.
- A 5-year average of $3.4 million and a median of $459000.0 in 2024 frame the typical range for Change in Account Payables.
- Annual changes were most pronounced in 2022 — Change in Account Payables tumbled 1024.68% — and 2024, when it surged 1909.57%.
- Shoals Technologies' Change in Account Payables stood at -$12.2 million in 2022, then jumped by 81.83% to -$2.2 million in 2023, then tumbled by 67.24% to -$3.7 million in 2024, then surged by 928.73% to $30.8 million in 2025, then plunged by 50.51% to $15.2 million in 2026.
- Business Quant data shows SHLS's Change in Account Payables at $15.2 million in Q1 2026, $30.8 million in Q4 2025, and $6.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Account Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | - |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | - |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 132.56 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 78.71 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 15.22 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | - |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | - |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 84.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.22 Mn |
| Mar 31, 2026 | 15.22 Mn |
| Dec 31, 2025 | 30.75 Mn |
| Dec 31, 2025 | 30.75 Mn |
| Sep 30, 2025 | 6.47 Mn |
| Sep 30, 2025 | 6.47 Mn |
| Jun 30, 2025 | -583,000.00 |
| Jun 30, 2025 | -583,000.00 |
| Mar 31, 2025 | 6.68 Mn |
| Mar 31, 2025 | 6.68 Mn |
| Dec 31, 2024 | -3.71 Mn |
| Dec 31, 2024 | -3.71 Mn |
| Sep 30, 2024 | 7.56 Mn |
| Sep 30, 2024 | 7.56 Mn |
| Jun 30, 2024 | 459,000.00 |
| Jun 30, 2024 | 459,000.00 |
| Mar 31, 2024 | 1.33 Mn |
| Mar 31, 2024 | 1.33 Mn |
| Dec 31, 2023 | -2.22 Mn |
| Dec 31, 2023 | -2.22 Mn |