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

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

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

Shoals Technologies' Change in Inventory history runs 7 years deep, the most recent figure standing at $69.6 million for Q1 2026.

  • Quarterly Change in Inventory rose 1178.14% year-over-year to $69.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $99.3 million (up 2091.88% YoY) and the FY2025 annual result came in at $35.1 million, up 500.84% from the prior year.
  • Change in Inventory was $69.6 million for Q1 2026 at Shoals Technologies, 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.
  • A 5-year average of $7.8 million and a median of $3.9 million in 2025 frame the typical range for Change in Inventory.
  • Annual changes were most pronounced in 2022 — Change in Inventory surged 8951.67% — and 2025, when it tumbled 530.98%.
  • Shoals Technologies' 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 jumped by 134.9% to $69.6 million in 2026.
  • Business Quant data shows SHLS's Change in Inventory at $69.6 million in Q1 2026, $29.6 million in Q4 2025, and $3.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 143.82 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn -
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 2.65 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn 38.34 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn -30.90 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 69.63 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn -
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn -
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn -

Historic Data

Download Data
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