Shoals Technologies (SHLS) Free Cash Flow (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Free Cash Flow came in at -$49.1 million in Q1 2026, down 497.57% YoY from $12.3 million in Q1 2025, and down 1050.6% on a QoQ basis from -$4.3 million in Q4 2025.
Shoals Technologies (SHLS) Free Cash Flow (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Free Cash Flow data on file, last reported at -$49.1 million in Q1 2026.
- Quarterly Free Cash Flow fell 497.57% year-over-year to -$49.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$45.9 million (down 155.73% YoY) and the FY2025 annual result came in at $15.5 million, down 80.66% from the prior year.
- Free Cash Flow eased to -$49.1 million in Q1 2026, from -$4.3 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $40.3 million in Q2 2024 to a low of -$49.1 million in Q1 2026.
- A 5-year average of $10.3 million and a median of $14.0 million in 2024 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2022 — Free Cash Flow jumped 3434.1% — and 2026, when it tumbled 497.57%.
- Tracing SHLS's Free Cash Flow over 5 years: stood at $33.7 million in 2022, then advanced by 1.21% to $34.1 million in 2023, then plunged by 58.97% to $14.0 million in 2024, then sank by 130.5% to -$4.3 million in 2025, then plunged by 1050.6% to -$49.1 million in 2026.
- The last three Free Cash Flow figures came in at -$49.1 million (Q1 2026), -$4.3 million (Q4 2025), and $33.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | -255.15 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 105.16 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 25.93 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | -190.47 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 11.42 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | -207,000.00 |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 201.34 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 | 113.65 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 38.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -207,000.00 |
| Jun 30, 2026 | -207,000.00 |
| Mar 31, 2026 | -49.10 Mn |
| Mar 31, 2026 | -49.10 Mn |
| Dec 31, 2025 | -4.27 Mn |
| Dec 31, 2025 | -4.27 Mn |
| Sep 30, 2025 | 33.50 Mn |
| Sep 30, 2025 | 33.50 Mn |
| Jun 30, 2025 | -26.04 Mn |
| Jun 30, 2025 | -26.04 Mn |
| Mar 31, 2025 | 12.35 Mn |
| Mar 31, 2025 | 12.35 Mn |
| Dec 31, 2024 | 13.99 Mn |
| Dec 31, 2024 | 13.99 Mn |
| Sep 30, 2024 | 15.70 Mn |
| Sep 30, 2024 | 15.70 Mn |
| Jun 30, 2024 | 40.32 Mn |
| Jun 30, 2024 | 40.32 Mn |
| Mar 31, 2024 | 10.38 Mn |
| Mar 31, 2024 | 10.38 Mn |