Shoals Technologies Group, Inc. (SHLS)

NASDAQ: SHLS · Real-Time Price · USD

6.35

-0.50 (-7.30%)

At close: Feb 26, 2026, 4:00 PM EST

6.38

+0.03 (0.47%)

After-hours: Feb 26, 2026, 7:24 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	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	475.33	399.21	488.94	326.94	213.21
Revenue Growth (YoY)	19.07%	-18.35%	49.55%	53.34%	21.48%
Cost of Revenue	308.82	257.19	320.64	195.63	130.57
Gross Profit	166.51	142.02	168.3	131.31	82.65
Selling, General & Admin	83.18	74.96	79.46	55.91	35.54
Operating Expenses	91.78	83.55	88.01	64.98	44.06
Operating Income	74.73	58.46	80.3	66.33	38.58
Interest Expense	-9.99	-13.83	-24.1	-18.54	-14.55
Interest & Investment Income	0.31	0.52	-	-	-
Currency Exchange Gain (Loss)	-0.01	-	-	-	-
EBT Excluding Unusual Items	65.03	45.16	56.2	47.79	24.03
Merger & Restructuring Charges	-	-	-	-	-2.35
Gain (Loss) on Sale of Assets	1.84	-	-	-	-
Legal Settlements	-18.34	-7.29	-1.26	-	-
Other Unusual Items	-	-	-	104.21	-17.65
Pretax Income	48.52	37.86	54.94	152	4.03
Income Tax Expense	14.94	13.74	12.27	8.99	0.09
Earnings From Continuing Operations	33.57	24.13	42.66	143.01	3.94
Minority Interest in Earnings	-	-	-2.69	-15.4	-1.6
Net Income	33.57	24.13	39.97	127.61	2.35
Preferred Dividends & Other Adjustments	-	-	-	-	2.68
Net Income to Common	33.57	24.13	39.97	127.61	-0.33
Net Income Growth	39.16%	-39.64%	-68.67%	5334.88%	-93.05%
Shares Outstanding (Basic)	167	169	164	114	99
Shares Outstanding (Diluted)	168	169	165	168	99
Shares Change (YoY)	-0.21%	2.57%	-1.86%	68.86%	-38.06%
EPS (Basic)	0.20	0.14	0.24	1.11	-0.00
EPS (Diluted)	0.20	0.14	0.24	0.85	-0.00
EPS Growth	42.86%	-41.67%	-71.87%	-	-
Free Cash Flow	-15.98	72	81.38	36.3	-8.21
Free Cash Flow Per Share	-0.10	0.43	0.49	0.22	-0.08
Gross Margin	35.03%	35.58%	34.42%	40.16%	38.76%
Operating Margin	15.72%	14.64%	16.42%	20.29%	18.09%
Profit Margin	7.06%	6.04%	8.18%	39.03%	-0.15%
Free Cash Flow Margin	-3.36%	18.03%	16.64%	11.10%	-3.85%
EBITDA	88.54	71.09	90.82	76.84	48.63
EBITDA Margin	18.63%	17.81%	18.58%	23.50%	22.81%
D&A For EBITDA	13.82	12.63	10.53	10.51	10.05
EBIT	74.73	58.46	80.3	66.33	38.58
EBIT Margin	15.72%	14.64%	16.42%	20.29%	18.09%
Effective Tax Rate	30.80%	36.28%	22.34%	5.91%	2.13%

Updated Feb 24, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q