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
Download Data| Date | Value |
|---|---|
| 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 |