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 Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
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 |
Net Income | 31.84 | 33.57 | 24.13 | 39.97 | 127.61 | 2.35 |
Depreciation & Amortization | 15.93 | 13.82 | 12.63 | 10.53 | 10.51 | 10.05 |
Other Amortization | 0.62 | 0.62 | 3.09 | 2.17 | 1.37 | 5.97 |
Loss (Gain) From Sale of Assets | - | - | - | - | - | 0.05 |
Stock-Based Compensation | 12.35 | 9.9 | 14.23 | 20.86 | 16.11 | 11.29 |
Provision & Write-off of Bad Debts | - | - | - | 0.3 | 0.2 | - |
Other Operating Activities | 27.99 | 18.91 | 31.91 | 78.62 | -77.77 | 0.43 |
Change in Accounts Receivable | -44.06 | -51.91 | 48.24 | -80.26 | -22.39 | -8.92 |
Change in Inventory | -130.66 | -35.11 | -5.84 | 15.01 | -36.93 | -17.19 |
Change in Accounts Payable | 38.09 | 43.32 | 5.64 | 5.17 | -11.03 | -3.88 |
Change in Unearned Revenue | 35.17 | 18.29 | -3.49 | -1.03 | 21.42 | 1.67 |
Change in Other Net Operating Assets | -6.58 | -34.35 | -50.14 | 0.62 | 10.35 | -5.9 |
Operating Cash Flow | -19.31 | 17.07 | 80.39 | 91.96 | 39.46 | -4.08 |
Operating Cash Flow Growth | - | -78.77% | -12.58% | 133.06% | - | - |
Investing Activities
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 |
Capital Expenditures | -32.28 | -33.04 | -8.39 | -10.58 | -3.15 | -4.13 |
Sale of Property, Plant & Equipment | - | 5.09 | - | - | - | - |
Cash Acquisitions | - | - | - | - | - | -12.91 |
Other Investing Activities | - | - | - | -0.27 | -0.5 | - |
Investing Cash Flow | -32.28 | -27.96 | -8.39 | -10.85 | -3.66 | -17.04 |
Financing Activities
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 |
Long-Term Debt Issued | - | 60 | 148.75 | 45 | 46 | 49.14 |
Total Debt Issued | 90 | 60 | 148.75 | 45 | 46 | 49.14 |
Long-Term Debt Repaid | - | -65 | -190.75 | -104.5 | -55.14 | -168.29 |
Total Debt Repaid | -25 | -65 | -190.75 | -104.5 | -55.14 | -168.29 |
Net Debt Issued (Repaid) | 65 | -5 | -42 | -59.5 | -9.14 | -119.15 |
Issuance of Common Stock | - | - | - | - | 42.94 | 559.9 |
Repurchase of Common Stock | -2.38 | -0.36 | -26.55 | -3.88 | -1.3 | -0.14 |
Other Financing Activities | - | 0.06 | -2.64 | -3.79 | -69.1 | -420.01 |
Financing Cash Flow | 62.62 | -5.3 | -71.19 | -67.17 | -36.59 | 20.6 |
Net Cash Flow
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 |
Net Cash Flow | 11.04 | -16.19 | 0.8 | 13.94 | -0.79 | -0.52 |
Free Cash Flow
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 |
Free Cash Flow | -51.59 | -15.98 | 72 | 81.38 | 36.3 | -8.21 |
Free Cash Flow Growth | - | - | -11.53% | 124.17% | - | - |
Free Cash Flow Margin | -8.77% | -3.36% | 18.03% | 16.64% | 11.10% | -3.85% |
Free Cash Flow Per Share | -0.30 | -0.10 | 0.43 | 0.49 | 0.22 | -0.08 |
Levered Free Cash Flow | -42.99 | -9.89 | 79.63 | 38.42 | 18.27 | 4.79 |
Unlevered Free Cash Flow | -36.29 | -4.27 | 85.18 | 51.32 | 28.49 | 7.91 |
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 |
Cash Interest Paid | 10.48 | 9.11 | 16.29 | 23.1 | 12.84 | 10.81 |
Cash Income Tax Paid | - | -0.18 | 0.11 | 1.32 | 0.79 | 1.19 |
Change in Working Capital | -108.04 | -59.76 | -5.6 | -60.49 | -38.57 | -34.22 |