Shoals Technologies (SHLS) Change in Inventory (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Change in Inventory came in at $69.6 million in Q1 2026, up 1178.14% YoY 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) Change in Inventory (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Change in Inventory data on file, last reported at $69.6 million in 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 rose to $69.6 million in Q1 2026, from $29.6 million in the prior quarter.
- In the past five years, Change in Inventory ranged from a high of $69.6 million in Q1 2026 to a low of -$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 plunged 530.98%.
- Tracing SHLS's Change in Inventory over 5 years: stood at -$6.7 million in 2022, then decreased by 1.21% to -$6.8 million in 2023, then fell by 28.97% to -$8.7 million in 2024, then surged by 440.27% to $29.6 million in 2025, then surged 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 162.14 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | -5.68 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 101.39 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -3.12 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 27.45 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | - |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | - |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.45 Mn |
| Jun 30, 2026 | 27.45 Mn |
| 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 |