Shoals Technologies Group, Inc. (SHLS)
NASDAQ: SHLS · Real-Time Price · USD
7.14
-0.28 (-3.77%)
At close: Aug 28, 2026, 4:00 PM EDT
7.14
0.00 (0.00%)
Pre-market: Aug 31, 2026, 4:58 AM EDT
Shoals Technologies Group Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash & Equivalents | 15.72 | 7.32 | 23.51 | 22.71 | 8.77 | 5.01 |
Cash & Short-Term Investments | 15.72 | 7.32 | 23.51 | 22.71 | 8.77 | 5.01 |
Cash Growth | 235.55% | -68.87% | 3.54% | 159.03% | 75.11% | -50.30% |
Receivables | 157.54 | 150.93 | 99.02 | 147.25 | 67.29 | 45.03 |
Inventory | 184.72 | 89.88 | 55.98 | 52.8 | 72.85 | 38.37 |
Other Current Assets | 11.48 | 9.76 | 9.85 | 4.42 | 4.63 | 5.04 |
Total Current Assets | 369.46 | 257.89 | 188.35 | 227.19 | 153.54 | 93.45 |
Property, Plant & Equipment | 107.21 | 99.35 | 30.01 | 27.71 | 20.93 | 15.57 |
Goodwill | 69.94 | 69.94 | 69.94 | 69.94 | 69.94 | 69.44 |
Other Intangible Assets | 29.71 | 33.5 | 41.08 | 48.67 | 56.59 | 65.24 |
Long-Term Accounts Receivable | - | - | 4.25 | - | - | - |
Long-Term Deferred Tax Assets | 434.76 | 438.03 | 454.16 | 468.2 | 291.63 | 176.96 |
Other Long-Term Assets | 5.83 | 5.4 | 5.29 | 2.3 | 2.27 | 5.76 |
Total Assets | 1,017 | 904.1 | 793.08 | 843.99 | 594.9 | 426.41 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Accounts Payable | 65.98 | 64.88 | 20.03 | 14.4 | 9.48 | 19.99 |
Accrued Expenses | 35.27 | 19 | 11.66 | 21.77 | 16.16 | 7.73 |
Current Portion of Long-Term Debt | - | - | - | 2 | 2 | 2 |
Current Portion of Leases | - | 3.22 | 0.88 | 1.14 | 1.16 | - |
Current Unearned Revenue | 55.25 | 37.03 | 18.74 | 22.23 | 23.26 | 1.84 |
Other Current Liabilities | 7.98 | 3.2 | 29.6 | 31.1 | 0.56 | - |
Total Current Liabilities | 164.48 | 127.32 | 80.91 | 92.63 | 52.62 | 31.55 |
Long-Term Debt | 196.75 | 136.75 | 141.75 | 179.45 | 237.06 | 245.05 |
Long-Term Leases | 37.06 | 38.66 | 1.24 | 2.12 | 3.26 | - |
Other Long-Term Liabilities | 1.39 | 1.39 | 12.38 | 24.81 | 0.97 | 157.31 |
Total Liabilities | 399.68 | 304.13 | 236.28 | 299 | 293.91 | 433.91 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Common Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Additional Paid-In Capital | 498.5 | 493.09 | 483.55 | 470.54 | 256.89 | 95.68 |
Retained Earnings | 143.99 | 132.15 | 98.58 | 74.45 | 34.48 | -93.13 |
Treasury Stock | -25.27 | -25.27 | -25.33 | - | - | - |
Total Common Equity | 617.22 | 599.97 | 556.8 | 545 | 291.37 | 2.55 |
Minority Interest | - | - | - | - | 9.62 | -10.05 |
Shareholders' Equity | 617.22 | 599.97 | 556.8 | 545 | 300.99 | -7.5 |
Total Liabilities & Equity | 1,017 | 904.1 | 793.08 | 843.99 | 594.9 | 426.41 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Total Debt | 233.81 | 178.63 | 143.87 | 184.7 | 243.48 | 247.05 |
Net Cash (Debt) | -218.09 | -171.31 | -120.36 | -161.99 | -234.72 | -242.05 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -1.29 | -1.02 | -0.71 | -0.98 | -1.40 | -2.44 |
Filing Date Shares Outstanding | 168.3 | 167.45 | 166.99 | 170.33 | 138.12 | 112.27 |
Total Common Shares Outstanding | 168.29 | 167.45 | 166.76 | 170.12 | 137.9 | 112.05 |
Working Capital | 204.98 | 130.56 | 107.44 | 134.56 | 100.92 | 61.89 |
Book Value Per Share | 3.67 | 3.58 | 3.34 | 3.20 | 2.11 | 0.02 |
Tangible Book Value | 517.57 | 496.53 | 445.78 | 426.39 | 164.85 | -132.12 |
Tangible Book Value Per Share | 3.08 | 2.97 | 2.67 | 2.51 | 1.20 | -1.18 |
Land | 0.61 | 0.61 | 0.84 | 0.84 | 0.84 | 0.84 |
Buildings | 34.26 | 30.23 | 13.69 | 13.13 | 9.03 | 7.8 |
Machinery | 41.76 | 27.26 | 22.79 | 20.42 | 14.28 | 12.53 |
Construction In Progress | 7.22 | 12.69 | 3.97 | - | - | - |
Order Backlog | - | 747.6 | - | - | - | - |