Shoals Technologies (SHLS) Inventory (2020 - 2026)
Shoals Technologies (SHLS) posted Inventory of $159.0 million for Q1 2026, up 76.9% on a QoQ basis from $89.9 million in Q4 2025, and up 159.91% year-over-year from $61.2 million in Q1 2025.
Shoals Technologies (SHLS) Inventory (2020 - 2026) Analysis & Trends
Shoals Technologies' Inventory history runs 7 years deep, the most recent figure standing at $159.0 million for 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 was $159.0 million for Q1 2026 at Shoals Technologies, up from $89.9 million in the prior quarter.
- Across five years, Inventory topped out at $159.0 million in Q1 2026 and bottomed at $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 decreased 27.52%.
- Shoals Technologies' Inventory stood at $72.9 million in 2022, then fell by 27.52% to $52.8 million in 2023, then rose by 6.01% to $56.0 million in 2024, then soared by 60.56% to $89.9 million in 2025, then soared by 76.9% to $159.0 million in 2026.
- Business Quant data shows SHLS's Inventory at $159.0 million in Q1 2026, $89.9 million in Q4 2025, and $60.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 893.88 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 262.28 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 290.70 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 2.57 Bn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 596.82 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 490.39 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 158.99 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 1.13 Bn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 167.97 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 114.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 21.27 Mn |