Shoals Technologies (SHLS) Other Working Capital Changes (2020 - 2026)
Shoals Technologies posted quarterly Other Working Capital Changes of $1.8 million for Q1 2026, up 19.99% year-on-year from $1.5 million in Q1 2025, and down 49.77% on a QoQ basis from $3.5 million in Q4 2025.
Shoals Technologies (SHLS) has 7 years of Other Working Capital Changes data on file, last reported 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.
- Across five years, Other Working Capital Changes topped out at $3.5 million in Q4 2025 and bottomed at -$5.1 million in Q4 2023.
- The 5-year median for Other Working Capital Changes is $978000.0 (2025), against an average of $71470.6.
- The widest annual swing landed in 2023, when Other Working Capital Changes tumbled 719.36%; it then surged 473.35% in 2025.
- A 5-year view of Other Working Capital Changes shows it stood at -$625000.0 in 2022, then sank by 719.36% to -$5.1 million in 2023, then jumped by 47.9% to -$2.7 million in 2024, then soared by 231.71% to $3.5 million in 2025, then tumbled 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 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 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2023 | 1.70 Mn |
| Sep 30, 2023 | 1.70 Mn |
| Jun 30, 2023 | 1.87 Mn |
| Jun 30, 2023 | 1.87 Mn |
| Mar 31, 2023 | 191,000.00 |
| Mar 31, 2023 | 191,000.00 |
| Dec 31, 2022 | -625,000.00 |
| Dec 31, 2022 | -625,000.00 |
| Sep 30, 2022 | -1.68 Mn |
| Sep 30, 2022 | -1.68 Mn |
| Jun 30, 2022 | -1.36 Mn |
| Jun 30, 2022 | -1.36 Mn |
| Mar 31, 2022 | 3.42 Mn |
| Mar 31, 2022 | 3.42 Mn |
| Dec 31, 2021 | -5.24 Mn |
| Dec 31, 2021 | -5.24 Mn |
| Sep 30, 2021 | 2.27 Mn |
| Sep 30, 2021 | 2.27 Mn |
| Jun 30, 2021 | 1.17 Mn |
| Jun 30, 2021 | 1.17 Mn |
| Mar 31, 2021 | 3.47 Mn |
| Mar 31, 2021 | 3.47 Mn |
| Dec 31, 2020 | 27,000.00 |
| Dec 31, 2020 | 27,000.00 |
| Sep 30, 2020 | -155,000.00 |
| Sep 30, 2020 | -155,000.00 |
| Jun 30, 2020 | -547,000.00 |
| Jun 30, 2020 | -547,000.00 |
| Mar 31, 2020 | 32,000.00 |
| Mar 31, 2020 | 32,000.00 |