Shoals Technologies (SHLS) Net Cash Flow (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Net Cash Flow came in at -$5.4 million in Q1 2026, down 144.99% YoY from $12.1 million in Q1 2025, and down 328.92% on a QoQ basis from -$1.3 million in Q4 2025.
Shoals Technologies (SHLS) Net Cash Flow (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Net Cash Flow data on file, last reported at -$5.4 million in Q1 2026.
- Quarterly Net Cash Flow fell 144.99% year-over-year to -$5.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$33.7 million (down 265.57% YoY) and the FY2025 annual result came in at -$16.2 million, down 2113.81% from the prior year.
- Net Cash Flow retreated to -$5.4 million in Q1 2026, from -$1.3 million in the prior quarter.
- In the past five years, Net Cash Flow ranged from a high of $13.5 million in Q4 2023 to a low of -$30.9 million in Q2 2025.
- A 5-year average of -$451764.7 and a median of $3.4 million in 2023 frame the typical range for Net Cash Flow.
- Annual changes were most pronounced in 2022 — Net Cash Flow soared 667.58% — and 2024, when it plunged 1907.83%.
- Tracing SHLS's Net Cash Flow over 5 years: stood at -$22.8 million in 2022, then surged by 159.01% to $13.5 million in 2023, then slipped by 8.0% to $12.4 million in 2024, then plunged by 110.23% to -$1.3 million in 2025, then plunged by 328.92% to -$5.4 million in 2026.
- The last three Net Cash Flow figures came in at -$5.4 million (Q1 2026), -$1.3 million (Q4 2025), and $3.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.38 Bn | 21.65 Bn | 605.00 Mn | -679.69 Mn |
| 2 | Nextpower | 13.14 Bn | 11.93 Bn | 335.85 Mn | 118.92 Mn |
| 3 | Enphase Energy | 5.13 Bn | 4.19 Bn | 175.01 Mn | 32.42 Mn |
| 4 | Sunrun | 2.22 Bn | 2.22 Bn | 527.54 Mn | 47.11 Mn |
| 5 | Solaredge Technologies | 1.92 Bn | 1.34 Bn | 95.15 Mn | 22.12 Mn |
| 6 | Shoals Technologies | 1.23 Bn | 1.21 Bn | 49.53 Mn | 13.85 Mn |
| 7 | Canadian Solar | 1.00 Bn | -584.16 Mn | 124.40 Mn | -341.77 Mn |
| 8 | JinkoSolar Holding | 858.09 Mn | -2.45 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 730.09 Mn | 422.79 Mn | 99.60 Mn | 104.13 Mn |
| 10 | Toyo | 179.73 Mn | 103.09 Mn | 47.76 Mn | 13.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.85 Mn |
| Jun 30, 2026 | 13.85 Mn |
| Mar 31, 2026 | -5.44 Mn |
| Mar 31, 2026 | -5.44 Mn |
| Dec 31, 2025 | -1.27 Mn |
| Dec 31, 2025 | -1.27 Mn |
| Sep 30, 2025 | 3.90 Mn |
| Sep 30, 2025 | 3.90 Mn |
| Jun 30, 2025 | -30.92 Mn |
| Jun 30, 2025 | -30.92 Mn |
| Mar 31, 2025 | 12.10 Mn |
| Mar 31, 2025 | 12.10 Mn |
| Dec 31, 2024 | 12.41 Mn |
| Dec 31, 2024 | 12.41 Mn |
| Sep 30, 2024 | 7.92 Mn |
| Sep 30, 2024 | 7.92 Mn |
| Jun 30, 2024 | -12.05 Mn |
| Jun 30, 2024 | -12.05 Mn |
| Mar 31, 2024 | -7.47 Mn |
| Mar 31, 2024 | -7.47 Mn |