Shoals Technologies (SHLS) Other Working Capital Changes (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Other Working Capital Changes came in at -$6.7 million in Q1 2026, down 88.82% YoY from -$59.8 million in Q1 2025, and down 5.94% on a QoQ basis from -$6.3 million in Q4 2025.
Shoals Technologies (SHLS) Other Working Capital Changes (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 5 years of Other Working Capital Changes data on file, last reported at -$6.7 million in Q1 2026.
- Quarterly Other Working Capital Changes fell 88.82% year-over-year to -$6.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$2.1 million (up 68.41% YoY) and the FY2025 annual result came in at $1.0 million, up 130.05% from the prior year.
- Other Working Capital Changes eased to -$6.7 million in Q1 2026, from -$6.3 million in the prior quarter.
- In the past five years, Other Working Capital Changes ranged from a high of $7.1 million in Q4 2024 to a low of -$4.9 million in Q3 2025.
- A 5-year average of $501882.4 and a median of $643000.0 in 2025 frame the typical range for Other Working Capital Changes.
- The widest YoY moves for Other Working Capital Changes: up 983.28% in 2025, down 798.98% in 2025.
- Tracing SHLS's Other Working Capital Changes over 5 years: stood at -$5.5 million in 2022, then gained by 12.16% to -$4.8 million in 2023, then jumped by 61.96% to -$1.8 million in 2024, then plunged by 245.92% to -$6.3 million in 2025, then retreated by 5.94% to -$6.7 million in 2026.
- The last three Other Working Capital Changes figures came in at -$6.7 million (Q1 2026), -$6.3 million (Q4 2025), and $6.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 23.15 Bn | 21.43 Bn | 605.00 Mn |
| 2 | Nextpower | 12.97 Bn | 11.76 Bn | 335.85 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn |
| 6 | Shoals Technologies | 1.20 Bn | 1.19 Bn | 49.53 Mn |
| 7 | Canadian Solar | 978.86 Mn | -609.42 Mn | 124.40 Mn |
| 8 | JinkoSolar Holding | 838.18 Mn | -2.47 Bn | 147.66 Mn |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn |
| 10 | Toyo | 179.35 Mn | 102.71 Mn | 47.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 262,000.00 |
| Jun 30, 2026 | 262,000.00 |
| Jun 30, 2026 | 262,000.00 |
| Mar 31, 2026 | 2.19 Mn |
| Mar 31, 2026 | 2.19 Mn |
| Mar 31, 2026 | 2.19 Mn |
| Dec 31, 2025 | 643,000.00 |
| Dec 31, 2025 | 643,000.00 |
| Dec 31, 2025 | 643,000.00 |
| Sep 30, 2025 | -4.91 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 |
| Jun 30, 2025 | 978,000.00 |
| Mar 31, 2025 | 1.47 Mn |
| Mar 31, 2025 | 1.47 Mn |
| Mar 31, 2025 | 1.47 Mn |
| Dec 31, 2024 | 7.10 Mn |
| Dec 31, 2024 | 7.10 Mn |