Shoals Technologies (SHLS) Change in Receivables (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Change in Receivables came in at $412000.0 in Q1 2026, up 103.93% YoY from $202027.7 in Q1 2025, and down 96.36% on a QoQ basis from $11.3 million in Q4 2025.
Shoals Technologies (SHLS) Change in Receivables (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Change in Receivables data on file, last reported at $412000.0 in Q1 2026.
- Quarterly Change in Receivables rose 103.93% year-over-year to $412000.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $61.5 million (up 272.28% YoY) and the FY2025 annual result came in at $50.6 million, up 274.9% from the prior year.
- Change in Receivables declined to $412000.0 in Q1 2026, from $11.3 million in the prior quarter.
- In the past five years, Change in Receivables ranged from a high of $35.7 million in Q2 2025 to a low of -$20.9 million in Q4 2022.
- A 5-year average of $5.8 million and a median of $3.0 million in 2024 frame the typical range for Change in Receivables.
- Annual changes were most pronounced in 2023 — Change in Receivables soared 2388.17% — and 2024, when it slumped 868.33%.
- Tracing SHLS's Change in Receivables over 5 years: stood at -$20.9 million in 2022, then surged by 91.53% to -$1.8 million in 2023, then tumbled by 868.33% to -$17.1 million in 2024, then surged by 166.17% to $11.3 million in 2025, then slumped by 96.36% to $412000.0 in 2026.
- The last three Change in Receivables figures came in at $412000.0 (Q1 2026), $11.3 million (Q4 2025), and $14.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 55.20 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 77.23 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 9.93 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -10.24 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 5.62 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 | 5.62 Mn |
| Jun 30, 2026 | 5.62 Mn |
| Mar 31, 2026 | 412,000.00 |
| Mar 31, 2026 | 412,000.00 |
| Dec 31, 2025 | 11.33 Mn |
| Dec 31, 2025 | 11.33 Mn |
| Sep 30, 2025 | 14.03 Mn |
| Sep 30, 2025 | 14.03 Mn |
| Jun 30, 2025 | 35.73 Mn |
| Jun 30, 2025 | 35.73 Mn |
| Mar 31, 2025 | -10.48 Mn |
| Mar 31, 2025 | -10.48 Mn |
| Dec 31, 2024 | -17.12 Mn |
| Dec 31, 2024 | -17.12 Mn |
| Sep 30, 2024 | 3.04 Mn |
| Sep 30, 2024 | 3.04 Mn |
| Jun 30, 2024 | -11.14 Mn |
| Jun 30, 2024 | -11.14 Mn |
| Mar 31, 2024 | -3.72 Mn |
| Mar 31, 2024 | -3.72 Mn |