Shoals Technologies (SHLS) Receivables (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Receivables came in at $194.5 million in Q1 2026, up 147.36% YoY from $78.6 million in Q1 2025, and up 28.42% on a QoQ basis from $151.4 million in Q4 2025.
Shoals Technologies (SHLS) Receivables (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Receivables data on file, last reported at $194.5 million in 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 advanced to $194.5 million in Q1 2026, from $151.4 million in the prior quarter.
- In the past five years, Receivables ranged from a high of $194.5 million in Q1 2026 to a low of $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 slumped 38.38% — and 2026, when it jumped 147.36%.
- Tracing SHLS's Receivables over 5 years: stood at $65.3 million in 2022, then surged by 125.42% to $147.2 million in 2023, then plunged by 32.73% to $99.0 million in 2024, then soared by 52.93% to $151.4 million in 2025, then increased by 28.42% to $194.5 million in 2026.
- The last three Receivables figures came in at $194.5 million (Q1 2026), $151.4 million (Q4 2025), and $125.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.11 Bn | 21.38 Bn | 605.00 Mn | 1.78 Bn |
| 2 | Nextpower | 13.17 Bn | 11.96 Bn | 335.85 Mn | 1.05 Bn |
| 3 | Enphase Energy | 5.15 Bn | 4.21 Bn | 175.01 Mn | 308.42 Mn |
| 4 | Sunrun | 2.27 Bn | 2.27 Bn | 527.54 Mn | 1.36 Bn |
| 5 | Solaredge Technologies | 1.92 Bn | 1.34 Bn | 95.15 Mn | 271.08 Mn |
| 6 | Shoals Technologies | 1.22 Bn | 1.21 Bn | 49.53 Mn | 157.68 Mn |
| 7 | Canadian Solar | 1.01 Bn | -580.12 Mn | 124.40 Mn | 1.06 Bn |
| 8 | JinkoSolar Holding | 843.42 Mn | -2.47 Bn | 147.66 Mn | 1.99 Bn |
| 9 | Array Technologies | 730.86 Mn | 423.56 Mn | 99.60 Mn | 421.64 Mn |
| 10 | Toyo | 173.32 Mn | 96.68 Mn | 47.76 Mn | 17.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 157.68 Mn |
| 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 | 99.02 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 |