Shoals Technologies Group, Inc. (SHLS)

NASDAQ: SHLS · Real-Time Price · USD

9.66

-0.67 (-6.49%)

At close: May 18, 2026, 4:00 PM EDT

9.77

+0.11 (1.14%)

After-hours: May 18, 2026, 7:46 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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	535.53	475.33	399.21	488.94	326.94	213.21
Revenue Growth (YoY)	37.75%	19.07%	-18.35%	49.55%	53.34%	21.48%
Cost of Revenue	356.15	308.82	257.19	320.64	195.63	130.57
Gross Profit	179.38	166.51	142.02	168.3	131.31	82.65
Selling, General & Admin	110.85	101.52	82.25	80.72	55.91	37.89
Depreciation & Amortization Expenses	8.74	8.6	8.59	8.55	9.07	8.52
Other Operating Expenses	-5.25	-	-	-	-	-
Total Operating Expenses	114.34	110.12	90.85	89.27	64.98	46.41
Operating Income	59.79	56.39	51.17	79.04	66.33	36.23
Interest Income	0.25	0.31	0.52	-	-	-
Interest Expense	-10.48	-9.99	-13.83	-24.1	-18.54	-
Other Non-Operating Income (Expense)	1.84	1.85	-	-	104.21	-32.2
Total Non-Operating Income (Expense)	-8.4	-7.84	-13.31	-24.1	85.67	-32.2
Pretax Income	46.12	48.52	37.86	54.94	152	4.03
Provision for Income Taxes	12.56	14.94	13.74	12.27	8.99	0.09
Net Income	33.56	33.57	24.13	39.97	127.61	2.35
Minority Interest in Earnings	-	-	-	2.69	15.4	1.6
Net Income to Common	33.56	33.57	24.13	39.97	127.61	2.35
Net Income Growth	75.97%	39.16%	-39.64%	-68.67%	5334.88%	-93.05%
Shares Outstanding (Basic)	169	167	169	164	168	112
Shares Outstanding (Diluted)	170	168	169	165	168	112
Shares Change (YoY)	1.65%	-0.21%	2.57%	-1.86%	49.60%	-30.09%
EPS (Basic)	0.20	0.20	0.14	0.24	1.11	-
EPS (Diluted)	0.20	0.20	0.14	0.24	0.85	-
EPS Growth	66.67%	42.86%	-41.67%	-71.77%	-	-
Shares Outstanding	167.77	167.45	166.76	170.12	137.91	112.05
Free Cash Flow	-77.42	-15.98	72	81.38	36.3	-8.21
Free Cash Flow Growth	-	-	-11.53%	124.17%	-	-
Free Cash Flow Per Share	-0.46	-0.09	0.43	0.49	0.22	-0.07
Gross Margin	33.50%	35.03%	35.57%	34.42%	40.16%	38.76%
Operating Margin	11.16%	11.86%	12.82%	16.16%	20.29%	16.99%
Profit Margin	6.27%	7.06%	6.04%	8.73%	43.74%	1.85%
FCF Margin	-14.46%	-3.36%	18.03%	16.64%	11.10%	-3.85%
EBITDA	74.42	70.2	63.8	89.56	76.84	46.29
EBITDA Margin	13.90%	14.77%	15.98%	18.32%	23.50%	21.71%
EBIT	59.79	56.39	51.17	79.04	66.33	36.23
EBIT Margin	11.16%	11.86%	12.82%	16.16%	20.29%	16.99%
Effective Tax Rate	27.23%	30.80%	36.28%	22.34%	5.91%	2.13%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q