Shoals Technologies (SHLS) Net Cash Flow (2020 - 2026)
Shoals Technologies posted quarterly Net Cash Flow of -$5.4 million for Q1 2026, down 144.99% year-on-year 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) has 7 years of Net Cash Flow data on file, last reported at -$5.4 million in Q1 2026.
- For the quarter ending Q1 2026, Net Cash Flow fell 144.99% year-over-year to -$5.4 million; the trailing twelve-month figure through Mar 2026 stood at -$33.7 million (down 265.57% YoY), and the FY2025 full-year result was -$16.2 million, down 2113.81% from the prior year.
- Net Cash Flow for Q1 2026 stood at -$5.4 million, down from -$1.3 million in the prior quarter.
- Across five years, Net Cash Flow topped out at $13.5 million in Q4 2023 and bottomed at -$30.9 million in Q2 2025.
- The 5-year median for Net Cash Flow is $3.4 million (2023), against an average of -$451764.7.
- The widest annual swing landed in 2022, when Net Cash Flow soared 667.58%; it then slumped 1907.83% in 2024.
- A 5-year view of Net Cash Flow shows it stood at -$22.8 million in 2022, then soared by 159.01% to $13.5 million in 2023, then dropped by 8.0% to $12.4 million in 2024, then tumbled by 110.23% to -$1.3 million in 2025, then tumbled 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | -435.62 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 142.35 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -341.77 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 28.07 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 5.98 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -147.72 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | -5.44 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | -44.54 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | - |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 3.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 13.48 Mn |
| Dec 31, 2023 | 13.48 Mn |
| Sep 30, 2023 | 3.36 Mn |
| Sep 30, 2023 | 3.36 Mn |
| Jun 30, 2023 | -600,000.00 |
| Jun 30, 2023 | -600,000.00 |
| Mar 31, 2023 | -2.31 Mn |
| Mar 31, 2023 | -2.31 Mn |
| Dec 31, 2022 | -22.85 Mn |
| Dec 31, 2022 | -22.85 Mn |
| Sep 30, 2022 | 7.81 Mn |
| Sep 30, 2022 | 7.81 Mn |
| Jun 30, 2022 | 10.72 Mn |
| Jun 30, 2022 | 10.72 Mn |
| Mar 31, 2022 | 3.52 Mn |
| Mar 31, 2022 | 3.52 Mn |
| Dec 31, 2021 | -4.63 Mn |
| Dec 31, 2021 | -4.63 Mn |
| Sep 30, 2021 | 1.02 Mn |
| Sep 30, 2021 | 1.02 Mn |
| Jun 30, 2021 | 8.94 Mn |
| Jun 30, 2021 | 8.94 Mn |
| Mar 31, 2021 | -5.85 Mn |
| Mar 31, 2021 | -5.85 Mn |
| Dec 31, 2020 | 828,000.00 |
| Dec 31, 2020 | 828,000.00 |
| Sep 30, 2020 | -5.06 Mn |
| Sep 30, 2020 | -5.06 Mn |
| Jun 30, 2020 | -32.83 Mn |
| Jun 30, 2020 | -32.83 Mn |
| Mar 31, 2020 | 40.05 Mn |
| Mar 31, 2020 | 40.05 Mn |