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Shoals Technologies Group logo
Shoals Technologies Group SHLS
$ 10.15 12.78%
report update icon

Quarterly report 2026-Q3
added 11-04-2026

Shoals Technologies Group Financial Statements 2025-2011 | SHLS

Annual Financial Statements Shoals Technologies Group

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

1.16 B 718 M 2.56 B 2.84 B 2.41 B 4.14 B - - - - - - - - -

Shares

167 M 169 M 164 M 114 M 99.3 M 167 M - - - - - - - - -

Historical Prices

6.95 4.26 15.6 24.8 24.3 - - - - - - - - - -

Net Income

33.6 M 24.1 M 40 M 128 M 2.35 M 33.8 M 25.1 M 8.65 M - - - - - - -

Revenue

475 M 399 M 489 M 327 M 213 M 176 M 144 M 104 M - - - - - - -

Cost of Revenue

309 M 257 M 321 M 196 M 131 M 109 M 100 M - - - - - - - -

Gross Profit

167 M 142 M 168 M 131 M 82.6 M 66.5 M 44.2 M 28.2 M - - - - - - -

Operating Income

56.4 M 51.2 M 79 M 66.3 M 36.2 M 37.3 M 26.9 M - - - - - - - -

Interest Expense

- - 24.1 M 18.5 M 14.5 M 3.51 M 1.79 M - - - - - - - -

EBITDA

70.2 M 63.8 M 89.6 M 76.8 M 46.3 M 46.7 M 35.1 M 19.3 M - - - - - - -

Operating Expenses

110 M 90.8 M 89.3 M 65 M 46.4 M 29.3 M 17.3 M 17.1 M - - - - - - -

General and Administrative Expenses

102 M 82.3 M 80.7 M 55.9 M 37.9 M 21 M 9.06 M 8.9 M - - - - - - -

All numbers in USD currency

Quarterly Income Statement Shoals Technologies Group

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

168 M 168 M 168 M 51 M 167 M 167 M 167 M -620 K 167 M 170 M 170 M 1.99 M 170 M 170 M 146 M 1.93 M 113 M 112 M 112 M 2.92 M 102 M 93.5 M 93.5 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Net Income

17.9 M 12.1 M -297 K 8.12 M 11.9 M 13.9 M -282 K 7.82 M -267 K 11.8 M 4.77 M 16.6 M -9.83 M 18.9 M 14.3 M 113 M 7.96 M 4.4 M 2.64 M -1.84 M 2.49 M 4.56 M -11 M - 15 M 5.22 M 9.3 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Revenue

195 M 163 M 141 M 148 M 136 M 111 M 80.4 M 107 M 102 M 99.2 M 90.8 M 130 M 134 M 119 M 105 M 94.7 M 90.8 M 73.5 M 68 M 48 M 59.8 M 59.7 M 45.6 M - 52.6 M 43.4 M 40.7 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cost of Revenue

133 M 114 M 99.5 M 101 M 85.6 M 69.6 M 52.2 M 66.8 M 76.8 M 59.3 M 54.3 M 75.1 M 120 M 68.7 M 56.8 M 54.3 M 54.8 M 44.9 M 41.7 M 32.1 M 38.1 M 33.5 M 26.8 M - 31.9 M 26.6 M 26.6 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

62.4 M 49.5 M 41 M 46.9 M 50.3 M 41.2 M 28.1 M 40.2 M 25.4 M 40 M 36.5 M 55.4 M 14.2 M 50.5 M 48.3 M 40.4 M 36 M 28.6 M 26.3 M 15.9 M 21.8 M 26.2 M 18.8 M - 20.7 M 16.8 M 14.2 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

29 M 18.7 M 7.72 M 17.4 M 18.7 M 16 M 4.31 M 16.5 M 4.52 M 18.6 M 11.6 M 31.9 M -10.6 M 31.6 M 26.1 M 23.4 M 20 M 13 M 10 M 2.68 M 9.56 M 14.1 M 9.89 M - 15.1 M 5.45 M 9.57 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Interest Expense

- - - - - - - - - - 4.36 M 5.7 M 5.9 M 6.5 M 6 M 5.78 M 4.75 M 4.17 M 3.84 M 3.64 M 3.58 M 3.62 M 3.71 M - 104 K 225 K 272 K - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA

30.9 M 20.6 M 9.62 M 19.3 M 20.6 M 17.9 M 6.21 M 18.4 M 6.42 M 20.5 M 13.5 M 33.8 M -8.57 M 33.6 M 28.1 M 25.5 M 22.1 M 15.2 M 12.3 M 4.98 M 11.7 M 16.1 M 11.9 M - 22.1 M 10.1 M 11.9 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Expenses

33.4 M 30.8 M 33.3 M 29.5 M 31.6 M 25.2 M 23.8 M 23.7 M 20.9 M 21.4 M 24.9 M 23.5 M 24.7 M 18.9 M 22.2 M 17 M 16.1 M 15.6 M 16.3 M 13.2 M 12.2 M 12.1 M 8.88 M - 5.58 M 11.4 M 4.62 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

General and Administrative Expenses

31 M 28.5 M 31 M 27.3 M 29.4 M 23.1 M 21.7 M 21.5 M 18.7 M 19.2 M 22.8 M 21.5 M 22.6 M 16.7 M 20 M 14.9 M 13.9 M 13.3 M 13.9 M 11 M 10 M 10 M 6.82 M - 3.52 M 9.32 M 2.56 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

Financial statements are the primary tool companies use to inform stakeholders about their financial position, performance, and changes in capital structure. It is a kind of "business language" understood by investors, creditors, tax authorities, and other participants in the economic environment.

Main types of financial statements Shoals Technologies Group SHLS
  1. Income Statement
    Shows income, expenses, and resulting profit or loss over a specific period. Helps assess business profitability.
  2. Balance Sheet
    Reflects a company’s assets, liabilities, and equity as of a specific date. It’s a snapshot of what the company owns and owes.
    Assets — everything the company owns (cash, equipment, buildings, accounts receivable, etc.).
    Liabilities — debts and other external sources of financing.
    Equity — owners' capital and retained earnings.
  3. Cash Flow Statement
    Reveals how the company earns and spends money in three areas: operating, investing, and financing activities.
International reporting standards
  • IFRS — International Financial Reporting Standards, applicable to public and multinational companies.
  • GAAP — Generally Accepted Accounting Principles used in the United States.
  • RAS — Russian Accounting Standards, used domestically in Russia.

Financial reporting Shoals Technologies Group plays a crucial role for investors as it serves as an objective source of information about a company's current state. Based on the reports, one can determine whether a company is growing, stagnating, or losing market share. This allows investors to identify both promising and problematic assets in a timely manner.

In addition, financial data provides a basis for forecasting future returns. Historical trends in revenue, profit, and cash flow help evaluate potential dividends, the likelihood of stock price growth, and overall investment risk.

Transparent and accurate reporting is also an indicator of a company’s maturity and managerial responsibility. Such openness builds investor confidence and simplifies investment decision-making, especially when comparing multiple companies.

Finally, financial statements enable high-quality comparative analysis. They allow companies to be evaluated against each other in terms of profitability, debt levels, margins, and other key metrics — which is particularly important when choosing the best investment options within an industry or market segment.

Financial statements of other stocks in the Solar industry

Issuer Price % 24h Market Cap Country
First Solar First Solar
FSLR
$ 201.05 2.7 % $ 21.6 B usaUSA
JinkoSolar Holding Co., Ltd. JinkoSolar Holding Co., Ltd.
JKS
$ 10.97 6.82 % $ 2.29 B chinaChina
SPI Energy Co., Ltd. SPI Energy Co., Ltd.
SPI
- -12.26 % $ 19.9 M chinaChina
SolarEdge Technologies SolarEdge Technologies
SEDG
$ 27.48 4.89 % $ 1.62 B israelIsrael
Sunworks Sunworks
SUNW
- -40.48 % $ 1.97 M usaUSA
Sunnova Energy International Sunnova Energy International
NOVA
- - $ 27.3 M usaUSA
Maxeon Solar Technologies, Ltd. Maxeon Solar Technologies, Ltd.
MAXN
- - $ 4.86 M singaporeSingapore
Beam Global Beam Global
BEEM
$ 0.72 0.94 % $ 12.1 K usaUSA
Enphase Energy Enphase Energy
ENPH
$ 28.52 -1.57 % $ 3.74 B usaUSA
Canadian Solar Canadian Solar
CSIQ
$ 11.12 7.86 % $ 749 M chinaChina
Array Technologies Array Technologies
ARRY
$ 5.86 10.47 % $ 894 M usaUSA
Sunrun Sunrun
RUN
$ 9.99 1.22 % $ 2.3 B usaUSA
SunPower Corporation SunPower Corporation
SPWR
$ 0.28 12.51 % $ 48.7 M usaUSA