Shoals Technologies (SHLS) Receivables (2020 - 2026)
Shoals Technologies (SHLS) posted Receivables of $194.5 million for Q1 2026, up 28.42% on a QoQ basis from $151.4 million in Q4 2025, and up 147.36% year-over-year from $78.6 million in Q1 2025.
Shoals Technologies (SHLS) Receivables (2020 - 2026) Analysis & Trends
Shoals Technologies' Receivables history runs 7 years deep, the most recent figure standing at $194.5 million for Q1 2026.
- Quarterly Receivables rose 147.36% year-over-year to $194.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $194.5 million (up 147.36% YoY) and the FY2025 annual result came in at $151.4 million, up 52.17% from the prior year.
- Receivables was $194.5 million for Q1 2026 at Shoals Technologies, up from $151.4 million in the prior quarter.
- Across five years, Receivables topped out at $194.5 million in Q1 2026 and bottomed at $65.3 million in Q4 2022.
- A 5-year average of $111.9 million and a median of $109.3 million in 2024 frame the typical range for Receivables.
- Annual changes were most pronounced in 2025 — Receivables sank 38.38% — and 2026, when it jumped 147.36%.
- Shoals Technologies' Receivables stood at $65.3 million in 2022, then jumped by 125.42% to $147.2 million in 2023, then plunged by 32.4% to $99.5 million in 2024, then soared by 52.17% to $151.4 million in 2025, then gained by 28.42% to $194.5 million in 2026.
- Business Quant data shows SHLS's Receivables at $194.5 million in Q1 2026, $151.4 million in Q4 2025, and $125.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 1.41 Bn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 950.30 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 232.24 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 1.99 Bn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 280.70 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 1.28 Bn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 194.45 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 1.06 Bn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 402.83 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 17.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 194.45 Mn |
| Dec 31, 2025 | 151.42 Mn |
| Sep 30, 2025 | 125.17 Mn |
| Jun 30, 2025 | 113.29 Mn |
| Mar 31, 2025 | 78.61 Mn |
| Dec 31, 2024 | 99.51 Mn |
| Sep 30, 2024 | 109.09 Mn |
| Jun 30, 2024 | 109.28 Mn |
| Mar 31, 2024 | 127.57 Mn |
| Dec 31, 2023 | 147.20 Mn |
| Sep 30, 2023 | 137.39 Mn |
| Jun 30, 2023 | 119.52 Mn |
| Mar 31, 2023 | 95.08 Mn |
| Dec 31, 2022 | 65.30 Mn |
| Sep 30, 2022 | 83.50 Mn |
| Jun 30, 2022 | 72.90 Mn |
| Mar 31, 2022 | 73.53 Mn |
| Dec 31, 2021 | 40.20 Mn |
| Sep 30, 2021 | 55.66 Mn |
| Jun 30, 2021 | 49.77 Mn |