Shoals Technologies Group, Inc. (SHLS)

NASDAQ: SHLS · Real-Time Price · USD

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9.27

-0.10 (-1.07%)

At close: Jan 16, 2026, 4:00 PM EST

9.50

+0.23 (2.48%)

After-hours: Jan 16, 2026, 7:51 PM EST

Shoals Technologies Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2018 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2018 - 2019
Revenue	433.99	399.21	488.94	326.94	213.21	175.52	Upgrade
Revenue Growth (YoY)	2.68%	-18.35%	49.55%	53.34%	21.48%	21.47%	Upgrade
Cost of Revenue	274.22	257.19	320.64	195.63	130.57	108.97	Upgrade
Gross Profit	159.78	142.02	168.3	131.31	82.65	66.55	Upgrade
Selling, General & Admin	81	74.96	79.46	55.91	35.54	21.01	Upgrade
Operating Expenses	89.62	83.55	88.01	64.98	44.06	29.27	Upgrade
Operating Income	70.16	58.46	80.3	66.33	38.58	37.28	Upgrade
Interest Expense	-10.4	-13.83	-24.1	-18.54	-14.55	-3.51	Upgrade
Interest & Investment Income	0.35	0.52	-	-	-	-	Upgrade
EBT Excluding Unusual Items	60.12	45.16	56.2	47.79	24.03	33.77	Upgrade
Merger & Restructuring Charges	-	-	-	-	-2.35	-	Upgrade
Legal Settlements	-14.7	-7.29	-1.26	-	-	-	Upgrade
Other Unusual Items	-	-	-	104.21	-17.65	-	Upgrade
Pretax Income	48.54	37.86	54.94	152	4.03	33.77	Upgrade
Income Tax Expense	15.27	13.74	12.27	8.99	0.09	-	Upgrade
Earnings From Continuing Operations	33.27	24.13	42.66	143.01	3.94	33.77	Upgrade
Minority Interest in Earnings	-	-	-2.69	-15.4	-1.6	-	Upgrade
Net Income	33.27	24.13	39.97	127.61	2.35	33.77	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	-	2.68	-	Upgrade
Net Income to Common	33.27	24.13	39.97	127.61	-0.33	33.77	Upgrade
Net Income Growth	1.15%	-39.64%	-68.67%	5334.88%	-93.05%	34.30%	Upgrade
Shares Outstanding (Basic)	167	169	164	114	99	160	Upgrade
Shares Outstanding (Diluted)	168	169	165	168	99	160	Upgrade
Shares Change (YoY)	-1.18%	2.57%	-1.86%	68.86%	-38.06%	-	Upgrade
EPS (Basic)	0.20	0.14	0.24	1.11	-0.00	0.21	Upgrade
EPS (Diluted)	0.19	0.14	0.24	0.85	-0.00	0.21	Upgrade
EPS Growth	-2.07%	-41.67%	-71.87%	-	-	34.30%	Upgrade
Free Cash Flow	7.73	72	81.38	36.3	-8.21	50.85	Upgrade
Free Cash Flow Per Share	0.05	0.43	0.49	0.22	-0.08	0.32	Upgrade
Gross Margin	36.82%	35.58%	34.42%	40.16%	38.76%	37.91%	Upgrade
Operating Margin	16.17%	14.64%	16.42%	20.29%	18.09%	21.24%	Upgrade
Profit Margin	7.67%	6.04%	8.18%	39.03%	-0.15%	19.24%	Upgrade
Free Cash Flow Margin	1.78%	18.03%	16.64%	11.10%	-3.85%	28.97%	Upgrade
EBITDA	83.44	71.09	90.82	76.84	48.63	46.68	Upgrade
EBITDA Margin	19.23%	17.81%	18.58%	23.50%	22.81%	26.60%	Upgrade
D&A For EBITDA	13.28	12.63	10.53	10.51	10.05	9.41	Upgrade
EBIT	70.16	58.46	80.3	66.33	38.58	37.28	Upgrade
EBIT Margin	16.17%	14.64%	16.42%	20.29%	18.09%	21.24%	Upgrade
Effective Tax Rate	31.46%	36.28%	22.34%	5.91%	2.13%	-	Upgrade

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q