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

Shoals Technologies (SHLS) reported Change in Account Payables of $15.2 million for Q1 2026, up 127.79% on a YoY basis from $6.7 million in Q1 2025, and down 50.51% quarter-over-quarter from $30.8 million in Q4 2025.

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

Shoals Technologies has reported Change in Account Payables for 7 years, with the latest figure 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.
  • The five-year high for Change in Account Payables was $30.8 million in Q4 2025, with the low at -$12.2 million in Q4 2022.
  • Historically, Change in Account Payables has averaged $3.4 million across 5 years, with a median of $459000.0 in 2024.
  • Annual changes were most pronounced in 2022 — Change in Account Payables plunged 1024.68% — and 2024, when it surged 1909.57%.
  • Shoals Technologies' Change in Account Payables stood at -$12.2 million in 2022, then surged by 81.83% to -$2.2 million in 2023, then sank by 67.24% to -$3.7 million in 2024, then soared by 928.73% to $30.8 million in 2025, then slumped 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 28.68 Bn 26.25 Bn 486.13 Mn -
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn -
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 132.56 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 78.71 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 15.22 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn -
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -15.04 Mn
10 Skycorp Solar 110.38 Mn 103.60 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