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| 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 |