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| 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 |