Growth Metrics

Shoals Technologies (SHLS) Change in Inventory (2020 - 2026)

Shoals Technologies posted quarterly Change in Inventory of $69.6 million for Q1 2026, up 1178.14% year-on-year from $5.4 million in Q1 2025, and up 134.9% on a QoQ basis from $29.6 million in Q4 2025.

Shoals Technologies (SHLS) has 7 years of Change in Inventory data on file, last reported at $69.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Inventory rose 1178.14% year-over-year to $69.6 million; the trailing twelve-month figure through Mar 2026 stood at $99.3 million (up 2091.88% YoY), and the FY2025 full-year result was $35.1 million, up 500.84% from the prior year.
  • Change in Inventory for Q1 2026 stood at $69.6 million, up from $29.6 million in the prior quarter.
  • Across five years, Change in Inventory topped out at $69.6 million in Q1 2026 and bottomed at -$8.7 million in Q4 2024.
  • The 5-year median for Change in Inventory is $3.9 million (2025), against an average of $7.8 million.
  • The widest annual swing landed in 2022, when Change in Inventory surged 8951.67%; it then slumped 530.98% in 2025.
  • A 5-year view of Change in Inventory shows it stood at -$6.7 million in 2022, then slipped by 1.21% to -$6.8 million in 2023, then retreated by 28.97% to -$8.7 million in 2024, then soared by 440.27% to $29.6 million in 2025, then soared by 134.9% to $69.6 million in 2026.
  • The last three Change in Inventory figures came in at $69.6 million (Q1 2026), $29.6 million (Q4 2025), and $3.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 143.82 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn -
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 2.65 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 38.34 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn -30.90 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 69.63 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 -6.37 Mn

Historic Data

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DateValue
Mar 31, 2026 69.63 Mn
Mar 31, 2026 69.63 Mn
Dec 31, 2025 29.64 Mn
Dec 31, 2025 29.64 Mn
Sep 30, 2025 3.92 Mn
Sep 30, 2025 3.92 Mn
Jun 30, 2025 -3.91 Mn
Jun 30, 2025 -3.91 Mn
Mar 31, 2025 5.45 Mn
Mar 31, 2025 5.45 Mn
Dec 31, 2024 -8.71 Mn
Dec 31, 2024 -8.71 Mn
Sep 30, 2024 6.89 Mn
Sep 30, 2024 6.89 Mn
Jun 30, 2024 907,000.00
Jun 30, 2024 907,000.00
Mar 31, 2024 6.76 Mn
Mar 31, 2024 6.76 Mn
Dec 31, 2023 -6.76 Mn
Dec 31, 2023 -6.76 Mn
Sep 30, 2023 -6.85 Mn
Sep 30, 2023 -6.85 Mn
Jun 30, 2023 -4.60 Mn
Jun 30, 2023 -4.60 Mn
Mar 31, 2023 3.20 Mn
Mar 31, 2023 3.20 Mn
Dec 31, 2022 -6.67 Mn
Dec 31, 2022 -6.67 Mn
Sep 30, 2022 16.20 Mn
Sep 30, 2022 16.20 Mn
Jun 30, 2022 16.29 Mn
Jun 30, 2022 16.29 Mn
Mar 31, 2022 11.11 Mn
Mar 31, 2022 11.11 Mn
Dec 31, 2021 8.68 Mn
Dec 31, 2021 8.68 Mn
Sep 30, 2021 2.35 Mn
Sep 30, 2021 2.35 Mn
Jun 30, 2021 180,000.00
Jun 30, 2021 180,000.00
Mar 31, 2021 5.97 Mn
Mar 31, 2021 5.97 Mn
Dec 31, 2020 3.52 Mn
Dec 31, 2020 3.52 Mn
Sep 30, 2020 -403,000.00
Sep 30, 2020 -403,000.00
Jun 30, 2020 189,000.00
Jun 30, 2020 189,000.00
Mar 31, 2020 3.17 Mn
Mar 31, 2020 3.17 Mn