Shoals Technologies Group, Inc. (SHLS)

NASDAQ: SHLS · Real-Time Price · USD

8.56

-0.37 (-4.14%)

At close: Aug 10, 2026, 4:00 PM EDT

8.55

-0.01 (-0.12%)

After-hours: Aug 10, 2026, 7:54 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	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
Revenue	588.06	475.33	399.21	488.94	326.94	213.21
Revenue Growth	46.88%	19.07%	-18.35%	49.55%	53.34%	21.48%
Cost of Revenue	400.36	308.82	257.19	320.64	195.63	130.57
Gross Profit	187.7	166.51	142.02	168.3	131.31	82.65
Selling, General & Admin	116.25	101.52	82.25	80.72	55.91	37.89
Depreciation & Amortization Expenses	8.94	8.6	8.59	8.55	9.07	8.52
Other Operating Expenses	-5.25	-	-	-	-	-
Total Operating Expenses	119.94	110.12	90.85	89.27	64.98	46.41
Operating Income	62.52	56.39	51.17	79.04	66.33	36.23
Interest Income	0.44	0.31	0.52	-	-	-
Interest Expense	-11.72	-9.99	-13.83	-24.1	-18.54	-
Other Non-Operating Income (Expense)	-1.3	1.85	-	-	104.21	-32.2
Total Non-Operating Income (Expense)	-12.58	-7.84	-13.31	-24.1	85.67	-32.2
Pretax Income	44.64	48.52	37.86	54.94	152	4.03
Provision for Income Taxes	12.8	14.94	13.74	12.27	8.99	0.09
Net Income	31.84	33.57	24.13	42.66	143.01	3.94
Minority Interest in Earnings	-	-	-	2.69	15.4	1.6
Net Income to Common	31.84	33.57	24.13	39.97	127.61	2.35
Net Income Growth	50.74%	39.16%	-39.64%	-68.67%	5334.88%	-93.05%
Shares Outstanding (Basic)	168	167	169	164	168	112
Shares Outstanding (Diluted)	169	168	169	165	168	112
Shares Change	4.12%	-0.21%	2.57%	-1.86%	49.60%	-30.09%
EPS (Basic)	0.19	0.20	0.14	0.24	1.11	-
EPS (Diluted)	0.19	0.20	0.14	0.24	0.85	-
EPS Growth	46.15%	42.86%	-41.67%	-71.77%	-	-

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
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 Per Share	-0.30	-0.09	0.43	0.49	0.22	-0.07
Gross Margin	31.92%	35.03%	35.57%	34.42%	40.16%	38.76%
Operating Margin	10.63%	11.86%	12.82%	16.16%	20.29%	16.99%
Profit Margin	5.41%	7.06%	6.04%	8.73%	43.74%	1.85%
FCF Margin	-8.77%	-3.36%	18.03%	16.64%	11.10%	-3.85%
EBITDA	78.44	70.2	63.8	89.56	76.84	46.29
EBITDA Margin	13.34%	14.77%	15.98%	18.32%	23.50%	21.71%
EBIT	62.52	56.39	51.17	79.04	66.33	36.23
EBIT Margin	10.63%	11.86%	12.82%	16.16%	20.29%	16.99%
Effective Tax Rate	28.67%	30.80%	36.28%	22.34%	5.91%	2.13%

SEC Filings: 10-K · 10-Q