Shoals Technologies Group, Inc. (SHLS)

NASDAQ: SHLS · Real-Time Price · USD

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10.62

+0.09 (0.85%)

At close: Oct 29, 2025, 4:00 PM EDT

10.65

+0.03 (0.28%)

After-hours: Oct 29, 2025, 7:56 PM EDT

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	Jun '25 Jun 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	400.35	399.21	488.94	326.94	213.21	175.52	Upgrade
Revenue Growth (YoY)	-11.95%	-18.35%	49.55%	53.34%	21.48%	21.47%	Upgrade
Cost of Revenue	265.45	257.19	320.64	195.63	130.57	108.97	Upgrade
Gross Profit	134.9	142.02	168.3	131.31	82.65	66.55	Upgrade
Selling, General & Admin	77.73	74.96	79.46	55.91	35.54	21.01	Upgrade
Operating Expenses	86.29	83.55	88.01	64.98	44.06	29.27	Upgrade
Operating Income	48.61	58.46	80.3	66.33	38.58	37.28	Upgrade
Interest Expense	-10.74	-13.83	-24.1	-18.54	-14.55	-3.51	Upgrade
Interest & Investment Income	0.4	0.52	-	-	-	-	Upgrade
EBT Excluding Unusual Items	38.27	45.16	56.2	47.79	24.03	33.77	Upgrade
Merger & Restructuring Charges	-	-	-	-	-2.35	-	Upgrade
Legal Settlements	-7.29	-7.29	-1.26	-	-	-	Upgrade
Other Unusual Items	-	-	-	104.21	-17.65	-	Upgrade
Pretax Income	34.11	37.86	54.94	152	4.03	33.77	Upgrade
Income Tax Expense	12.99	13.74	12.27	8.99	0.09	-	Upgrade
Earnings From Continuing Operations	21.12	24.13	42.66	143.01	3.94	33.77	Upgrade
Minority Interest in Earnings	-	-	-2.69	-15.4	-1.6	-	Upgrade
Net Income	21.12	24.13	39.97	127.61	2.35	33.77	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	-	2.68	-	Upgrade
Net Income to Common	21.12	24.13	39.97	127.61	-0.33	33.77	Upgrade
Net Income Growth	-9.46%	-39.64%	-68.67%	5334.88%	-93.05%	34.30%	Upgrade
Shares Outstanding (Basic)	167	169	164	114	99	160	Upgrade
Shares Outstanding (Diluted)	167	169	165	168	99	160	Upgrade
Shares Change (YoY)	-1.80%	2.57%	-1.86%	68.86%	-38.06%	-	Upgrade
EPS (Basic)	0.13	0.14	0.24	1.11	-0.00	0.21	Upgrade
EPS (Diluted)	0.12	0.14	0.24	0.85	-0.00	0.21	Upgrade
EPS Growth	-12.25%	-41.67%	-71.87%	-	-	34.30%	Upgrade
Free Cash Flow	12.09	72	81.38	36.3	-8.21	50.85	Upgrade
Free Cash Flow Per Share	0.07	0.43	0.49	0.22	-0.08	0.32	Upgrade
Gross Margin	33.70%	35.58%	34.42%	40.16%	38.76%	37.91%	Upgrade
Operating Margin	12.14%	14.64%	16.42%	20.29%	18.09%	21.24%	Upgrade
Profit Margin	5.28%	6.04%	8.18%	39.03%	-0.15%	19.24%	Upgrade
Free Cash Flow Margin	3.02%	18.03%	16.64%	11.10%	-3.85%	28.97%	Upgrade
EBITDA	61.68	71.09	90.82	76.84	48.63	46.68	Upgrade
EBITDA Margin	15.40%	17.81%	18.58%	23.50%	22.81%	26.60%	Upgrade
D&A For EBITDA	13.07	12.63	10.53	10.51	10.05	9.41	Upgrade
EBIT	48.61	58.46	80.3	66.33	38.58	37.28	Upgrade
EBIT Margin	12.14%	14.64%	16.42%	20.29%	18.09%	21.24%	Upgrade
Effective Tax Rate	38.07%	36.28%	22.34%	5.91%	2.13%	-	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q