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| 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 |
| 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 |