Shoals Technologies (SHLS) Change in Inventory (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Change in Inventory came in at $27.5 million in Q2 2026, up 802.33% on a YoY basis from $3.0 million in Q2 2025, and down 60.57% quarter-over-quarter from $69.6 million in Q1 2026.
Analysis
Shoals Technologies (SHLS) Change in Inventory (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported Change in Inventory for 7 consecutive years, with $27.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Change in Inventory rose 802.33% year-over-year to $27.5 million; the trailing twelve-month figure through Jun 2026 stood at $130.7 million (up 45783.57% YoY), and the FY2025 full-year result was $35.1 million, up 500.84% from the prior year.
- Change in Inventory fell to $27.5 million in Q2 2026 per SHLS's latest filing, from $69.6 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.
- Historically, Change in Inventory has averaged $8.9 million across 5 years, with a median of $4.7 million in 2025.
- The sharpest annual moves came in 2022 and 2025: Change in Inventory soared 8951.67% in 2022, then sank 530.98% in 2025.
- Over 5 years, Change in Inventory stood at -$6.7 million in 2022, then dropped by 1.21% to -$6.8 million in 2023, then decreased by 28.97% to -$8.7 million in 2024, then jumped by 440.27% to $29.6 million in 2025, then retreated by 7.39% to $27.5 million in 2026.
- According to Business Quant data, Change in Inventory over the past three periods registered $27.5 million, $69.6 million, and $29.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 162.14 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | -5.68 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | -3.12 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 99.83 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 27.45 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | - |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | - |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | - |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.45 Mn |
| Mar 31, 2026 | 69.63 Mn |
| Dec 31, 2025 | 29.64 Mn |
| Sep 30, 2025 | 3.92 Mn |
| Jun 30, 2025 | -3.91 Mn |
| Mar 31, 2025 | 5.45 Mn |
| Dec 31, 2024 | -8.71 Mn |
| Sep 30, 2024 | 6.89 Mn |
| Jun 30, 2024 | 907,000.00 |
| Mar 31, 2024 | 6.76 Mn |
| Dec 31, 2023 | -6.76 Mn |
| Sep 30, 2023 | -6.85 Mn |
| Jun 30, 2023 | -4.60 Mn |
| Mar 31, 2023 | 3.20 Mn |
| Dec 31, 2022 | -6.67 Mn |
| Sep 30, 2022 | 16.20 Mn |
| Jun 30, 2022 | 16.29 Mn |
| Mar 31, 2022 | 11.11 Mn |
| Dec 31, 2021 | 8.68 Mn |
| Sep 30, 2021 | 2.35 Mn |