Growth Metrics

Shoals Technologies (SHLS) Change in Account Payables (2020 - 2026)

Shoals Technologies posted quarterly Change in Account Payables of $15.2 million for Q1 2026, up 127.79% year-on-year from $6.7 million in Q1 2025, and down 50.51% on a QoQ basis from $30.8 million in Q4 2025.

Shoals Technologies (SHLS) has 7 years of Change in Account Payables data on file, last reported at $15.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Account Payables rose 127.79% year-over-year to $15.2 million; the trailing twelve-month figure through Mar 2026 stood at $51.9 million (up 372.05% YoY), and the FY2025 full-year result was $43.3 million, up 668.63% from the prior year.
  • Change in Account Payables for Q1 2026 stood at $15.2 million, 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.
  • The 5-year median for Change in Account Payables is $459000.0 (2024), against an average of $3.4 million.
  • The widest annual swing landed in 2022, when Change in Account Payables slumped 1024.68%; it then surged 1909.57% in 2024.
  • A 5-year view of Change in Account Payables shows it stood at -$12.2 million in 2022, then soared by 81.83% to -$2.2 million in 2023, then plunged by 67.24% to -$3.7 million in 2024, then jumped by 928.73% to $30.8 million in 2025, then sank by 50.51% to $15.2 million in 2026.
  • The last three Change in Account Payables figures came in at $15.2 million (Q1 2026), $30.8 million (Q4 2025), and $6.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Account Payables (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn -
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 779.20 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn -
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 132.56 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 78.71 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 15.22 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn -
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn -15.04 Mn

Historic Data

Download Data 🔒
DateValue
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
Sep 30, 2023 376,000.00
Sep 30, 2023 376,000.00
Jun 30, 2023 -5.51 Mn
Jun 30, 2023 -5.51 Mn
Mar 31, 2023 12.52 Mn
Mar 31, 2023 12.52 Mn
Dec 31, 2022 -12.22 Mn
Dec 31, 2022 -12.22 Mn
Sep 30, 2022 -2.87 Mn
Sep 30, 2022 -2.87 Mn
Jun 30, 2022 6.17 Mn
Jun 30, 2022 6.17 Mn
Mar 31, 2022 -2.11 Mn
Mar 31, 2022 -2.11 Mn
Dec 31, 2021 1.32 Mn
Dec 31, 2021 1.32 Mn
Sep 30, 2021 -4.79 Mn
Sep 30, 2021 -4.79 Mn
Jun 30, 2021 1.28 Mn
Jun 30, 2021 1.28 Mn
Mar 31, 2021 -1.69 Mn
Mar 31, 2021 -1.69 Mn
Dec 31, 2020 3.97 Mn
Dec 31, 2020 3.97 Mn
Sep 30, 2020 1.78 Mn
Sep 30, 2020 1.78 Mn
Jun 30, 2020 -3.70 Mn
Jun 30, 2020 -3.70 Mn
Mar 31, 2020 2.21 Mn
Mar 31, 2020 2.21 Mn