Shoals Technologies Group, Inc. (SHLS)

NASDAQ: SHLS · Real-Time Price · USD

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10.29

+0.64 (6.63%)

At close: Feb 6, 2026, 4:00 PM EST

10.69

+0.40 (3.89%)

After-hours: Feb 6, 2026, 4:25 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
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
Revenue	433.99	399.21	488.94	326.94	213.21	175.52
Revenue Growth (YoY)	2.68%	-18.35%	49.55%	53.34%	21.48%	21.47%
Cost of Revenue	274.22	257.19	320.64	195.63	130.57	108.97
Gross Profit	159.78	142.02	168.3	131.31	82.65	66.55
Selling, General & Admin	81	74.96	79.46	55.91	35.54	21.01
Operating Expenses	89.62	83.55	88.01	64.98	44.06	29.27
Operating Income	70.16	58.46	80.3	66.33	38.58	37.28
Interest Expense	-10.4	-13.83	-24.1	-18.54	-14.55	-3.51
Interest & Investment Income	0.35	0.52	-	-	-	-
EBT Excluding Unusual Items	60.12	45.16	56.2	47.79	24.03	33.77
Merger & Restructuring Charges	-	-	-	-	-2.35	-
Legal Settlements	-14.7	-7.29	-1.26	-	-	-
Other Unusual Items	-	-	-	104.21	-17.65	-
Pretax Income	48.54	37.86	54.94	152	4.03	33.77
Income Tax Expense	15.27	13.74	12.27	8.99	0.09	-
Earnings From Continuing Operations	33.27	24.13	42.66	143.01	3.94	33.77
Minority Interest in Earnings	-	-	-2.69	-15.4	-1.6	-
Net Income	33.27	24.13	39.97	127.61	2.35	33.77
Preferred Dividends & Other Adjustments	-	-	-	-	2.68	-
Net Income to Common	33.27	24.13	39.97	127.61	-0.33	33.77
Net Income Growth	1.15%	-39.64%	-68.67%	5334.88%	-93.05%	34.30%
Shares Outstanding (Basic)	167	169	164	114	99	160
Shares Outstanding (Diluted)	168	169	165	168	99	160
Shares Change (YoY)	-1.18%	2.57%	-1.86%	68.86%	-38.06%	-
EPS (Basic)	0.20	0.14	0.24	1.11	-0.00	0.21
EPS (Diluted)	0.19	0.14	0.24	0.85	-0.00	0.21
EPS Growth	-2.07%	-41.67%	-71.87%	-	-	34.30%
Free Cash Flow	7.73	72	81.38	36.3	-8.21	50.85
Free Cash Flow Per Share	0.05	0.43	0.49	0.22	-0.08	0.32
Gross Margin	36.82%	35.58%	34.42%	40.16%	38.76%	37.91%
Operating Margin	16.17%	14.64%	16.42%	20.29%	18.09%	21.24%
Profit Margin	7.67%	6.04%	8.18%	39.03%	-0.15%	19.24%
Free Cash Flow Margin	1.78%	18.03%	16.64%	11.10%	-3.85%	28.97%
EBITDA	83.44	71.09	90.82	76.84	48.63	46.68
EBITDA Margin	19.23%	17.81%	18.58%	23.50%	22.81%	26.60%
D&A For EBITDA	13.28	12.63	10.53	10.51	10.05	9.41
EBIT	70.16	58.46	80.3	66.33	38.58	37.28
EBIT Margin	16.17%	14.64%	16.42%	20.29%	18.09%	21.24%
Effective Tax Rate	31.46%	36.28%	22.34%	5.91%	2.13%	-

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

SEC Filings: 10-K · 10-Q