Shoals Technologies (SHLS) Other Working Capital Changes (2020 - 2026)

Shoals Technologies (SHLS) reported Other Working Capital Changes of $1.8 million for Q1 2026, up 19.99% on a YoY basis from $1.5 million in Q1 2025, and down 49.77% quarter-over-quarter from $3.5 million in Q4 2025.

Shoals Technologies (SHLS) Other Working Capital Changes (2020 - 2026) Analysis & Trends

Shoals Technologies has reported Other Working Capital Changes for 7 years, with the latest figure at $1.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Other Working Capital Changes rose 19.99% year-over-year to $1.8 million; the trailing twelve-month figure through Mar 2026 stood at $1.3 million (down 27.99% YoY), and the FY2025 full-year result was $1.0 million, changed N/A from the prior year.
  • Other Working Capital Changes for Q1 2026 stood at $1.8 million, down from $3.5 million in the prior quarter.
  • The five-year high for Other Working Capital Changes was $3.5 million in Q4 2025, with the low at -$5.1 million in Q4 2023.
  • Historically, Other Working Capital Changes has averaged $71470.6 across 5 years, with a median of $978000.0 in 2025.
  • Annual changes were most pronounced in 2023 — Other Working Capital Changes sank 719.36% — and 2025, when it surged 473.35%.
  • Shoals Technologies' Other Working Capital Changes stood at -$625000.0 in 2022, then slumped by 719.36% to -$5.1 million in 2023, then soared by 47.9% to -$2.7 million in 2024, then surged by 231.71% to $3.5 million in 2025, then plunged by 49.77% to $1.8 million in 2026.
  • The last three Other Working Capital Changes figures came in at $1.8 million (Q1 2026), $3.5 million (Q4 2025), and -$4.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn
10 Skycorp Solar 110.38 Mn 103.60 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 1.77 Mn
Mar 31, 2026 1.77 Mn
Dec 31, 2025 3.51 Mn
Dec 31, 2025 3.51 Mn
Sep 30, 2025 -4.91 Mn
Sep 30, 2025 -4.91 Mn
Jun 30, 2025 978,000.00
Jun 30, 2025 978,000.00
Mar 31, 2025 1.47 Mn
Mar 31, 2025 1.47 Mn
Dec 31, 2024 -2.67 Mn
Dec 31, 2024 -2.67 Mn
Sep 30, 2024 1.88 Mn
Sep 30, 2024 1.88 Mn
Jun 30, 2024 1.19 Mn
Jun 30, 2024 1.19 Mn
Mar 31, 2024 -394,000.00
Mar 31, 2024 -394,000.00
Dec 31, 2023 -5.12 Mn
Dec 31, 2023 -5.12 Mn