Shoals Technologies (SHLS) Inventory (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Inventory came in at $159.0 million in Q1 2026, up 159.91% YoY from $61.2 million in Q1 2025, and up 76.9% on a QoQ basis from $89.9 million in Q4 2025.
Shoals Technologies (SHLS) Inventory (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Inventory data on file, last reported at $159.0 million in Q1 2026.
- Quarterly Inventory rose 159.91% year-over-year to $159.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $159.0 million (up 159.91% YoY) and the FY2025 annual result came in at $89.9 million, up 60.56% from the prior year.
- Inventory advanced to $159.0 million in Q1 2026, from $89.9 million in the prior quarter.
- In the past five years, Inventory ranged from a high of $159.0 million in Q1 2026 to a low of $49.5 million in Q1 2022.
- A 5-year average of $70.2 million and a median of $61.2 million in 2025 frame the typical range for Inventory.
- Annual changes were most pronounced in 2022 — Inventory soared 205.38% — and 2023, when it declined 27.52%.
- Tracing SHLS's Inventory over 5 years: stood at $72.9 million in 2022, then dropped by 27.52% to $52.8 million in 2023, then grew by 6.01% to $56.0 million in 2024, then jumped by 60.56% to $89.9 million in 2025, then jumped by 76.9% to $159.0 million in 2026.
- The last three Inventory figures came in at $159.0 million (Q1 2026), $89.9 million (Q4 2025), and $60.4 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 1.09 Bn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 261.63 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 285.02 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 649.85 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 599.82 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 184.72 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 1.13 Bn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 2.57 Bn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 156.47 Mn |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 114.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 184.72 Mn |
| Mar 31, 2026 | 158.99 Mn |
| Dec 31, 2025 | 89.88 Mn |
| Sep 30, 2025 | 60.35 Mn |
| Jun 30, 2025 | 56.90 Mn |
| Mar 31, 2025 | 61.17 Mn |
| Dec 31, 2024 | 55.98 Mn |
| Sep 30, 2024 | 65.85 Mn |
| Jun 30, 2024 | 60.01 Mn |
| Mar 31, 2024 | 59.57 Mn |
| Dec 31, 2023 | 52.80 Mn |
| Sep 30, 2023 | 60.96 Mn |
| Jun 30, 2023 | 68.31 Mn |
| Mar 31, 2023 | 73.73 Mn |
| Dec 31, 2022 | 72.85 Mn |
| Sep 30, 2022 | 81.16 Mn |
| Jun 30, 2022 | 64.96 Mn |
| Mar 31, 2022 | 49.48 Mn |
| Dec 31, 2021 | 38.37 Mn |
| Sep 30, 2021 | 27.83 Mn |