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  4. SHOALS TECHNOLOGIES GROUP INC - ORDINARY SHARES - CLASS A
Shoals Technologies Group Inc - Ordinary Shares - Class A
XNAS: SHLS
4.8M
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XNAS 08 Oct, 2026 5:30 PM (EDT)

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Shoals Tech Grp Inc (Class A) quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Forecaster Analyst Estimates for Shoals Tech Grp Inc (Class A) share price target, revenues, EPS, net income and more

Shoals Tech Grp Inc (Class A) quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue Shoals Tech Grp Inc (Class A) Jun-2026 Quarterly Revenue is $163 Million which is growth of 47.4% YoY.

  • NEGATIVE

    Quarterly Net Profit Shoals Tech Grp Inc (Class A) Jun-2026 Quarterly Net Profit is $12 Million which is growth of -12.4% YoY.

Shoals Technologies Group Inc - Ordinary Shares - Class A, Earnings Report - Quarterly Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
Operating Rev.
163.4140.6148.3135.8110.880.4107102.299.390.8130.4134.2119.2
Cost Of Rev.
113.999.6101.485.669.652.266.876.859.354.475.1120.168.7
Gross Profit
49.54146.950.341.228.140.225.44036.555.414.250.5
⌄
30.833.329.531.625.223.823.720.921.424.923.524.718.9
Operating Profit
18.77.717.418.7164.316.54.518.611.631.9-10.631.6
-3.2-2.8-2.4-2.8-2.2-2.3-2.8-3.1-3.1-4.4-5.7-5.9-6.5
Profit Before Tax
15.5-0.413.715.917213.71.415.57.226.2-16.525.1
Tax
3.4-0.15.543.12.35.91.73.72.59.6-6.66.2
⌄
12.1-0.38.111.913.9-0.37.8-0.311.84.816.6-9.818.9
Diluted NI Avail to Com Stockholders Ann.
12.1-0.38.111.913.9-0.37.8-0.311.84.816.6-9.818.9
Basic EPS
0.10.10.10.10.10.100.1-0.10.1
Diluted EPS After ExtraOrdinary
0.100.10.10.10.10.100.1-0.10.1
Number Of Shares End
168.1167.6167.4167.4167.3167166.7167.3170170.3170.1170169.9
Net Income Continuing Discontinued Operations
12.1-0.38.111.913.9-0.37.8-0.311.84.816.6-9.818.9
Normalized Income
12.23.89.211.911.3-0.37.8-0.311.84.816.6-9.818.9
Interest Income
0.30.10.100.10.1-------
Interest
3.52.92.52.82.22.43.33.13.14.45.75.96.5
Net Interest Income
-3.2-2.8-2.4-2.8-2.2-2.3-2.8-3.1-3.1-4.4-5.7-5.9-6.5
EBIT
192.516.218.719.24.4174.518.611.631.9-10.631.6
EBITDA
23.66.62022.122.57.720.37.721.814.634.7-7.934.2
Reconciled Cost Of Rev.
111.697.799.784.468.451.165.775.858.353.574.3119.668.3
Reconciled Depr.
4.64.13.83.43.33.33.33.23.232.82.72.6
Profit From Continuing Operations
12.1-0.38.111.913.9-0.37.8-0.311.84.816.6-9.818.9
Normalized EBITDA
23.611.921.322.119.47.720.37.721.814.634.7-7.934.2
*All financials are in USD Million and price data in USD

Shoals Tech Grp Inc (Class A) competitor comparison and performance snapshot within industry

Shoals Tech Grp Inc (Class A) annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

  • POSITIVE

    Annual Revenue Shoals Tech Grp Inc (Class A) Dec-2025 Annual Revenue is $475 Million which is growth of 19.1% YoY.

  • POSITIVE

    Annual Net Profit Shoals Tech Grp Inc (Class A) Dec-2025 Annual Net Profit is $34 Million which is growth of 39.2% YoY.

Shoals Technologies Group Inc - Ordinary Shares - Class A, Earnings Report - Annual Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18
13.3%
22.1%
 475.3399.2488.9326.9213.2175.5144.5103.8
Cost Of Rev. Ann.
16.4%
23.2%
400.4308.8257.2320.6195.6130.6109100.375.6
Gross Profit Ann.
8.2%
20.1%
187.7166.5142168.3131.382.666.644.228.2
Operating Exp. Ann.
19.2%
30.3%
125.2110.190.889.36546.429.317.317.1
Operating Profit Ann.
-5.2%
8.6%
62.556.451.27966.336.237.326.911.1
-
-
-11.3-9.7-13.3-24.1-18.5-14.6-3.5-1.8-2.4
Other Exp. Ann.
-74.1%
-
 1.8--104.2-17.7---
PBT Ann.
-31.7%
7.5%
44.648.537.954.9152433.825.18.7
Tax Ann.
18.3%
-
12.814.913.712.390.1---
⌄
-35.9%
-0.1%
31.833.624.140127.62.433.825.18.7
Diluted NI Avail to Com Stockholders Ann.
-35.9%
-0.1%
31.833.624.140127.62.433.825.18.7
EPS Ann.
-43.3%
-12.9%
 0.20.10.21.100.40.20.1
Diluted EPS Ann.
-39.4%
-12.9%
 0.20.10.20.900.40.20.1
Number Of Shares End
11.6%
13%
 167.4166.7170.1120.310891166.6-
Total Exp. Ann.
17.2%
24.8%
 419348409.9260.6177138.2117.692.7
Net Income Continuing Discontinued Operations Ann.
-35.9%
-0.1%
31.833.624.140127.62.433.825.18.7
Normalized Income Ann.
-36.7%
-0.9%
36.932.324.140127.613.833.825.18.7
Interest Income Ann.
-
-
0.40.30.5------
Interest Ann.
-18.5%
23.4%
11.71013.824.118.514.63.51.82.4
EBITDA Ann.
-26.4%
9.1%
72.372.364.389.6181.128.646.736.120.1
Reconciled Cost Of Rev. Ann.
16.1%
23%
393.4303.6253.2318.7194.2129107.899.374.8
Reconciled Depr. Ann.
9.5%
8%
15.913.812.610.510.510.19.49.29
Profit From Continuing Operations Ann.
-38.3%
-0.1%
31.833.624.142.71433.933.825.18.7
Normalized EBITDA Ann.
-27%
8.6%
78.970.564.389.6181.144.646.736.120.1
*All financials are in USD Million and price data in USD
Total Rev. Ann.
1Y CHG
19.1%
2Y CAGR
-1.4%
3Y CAGR
13.3%
5Y CAGR
22.1%
7Y CAGR
24.3%
Total Revenue Annual growth is stable compared to historical averages.
Net Profit Ann.
1Y CHG
39.4%
2Y CAGR
-8.3%
3Y CAGR
-35.9%
5Y CAGR
-0.1%
7Y CAGR
21.3%
Net Profit Annual growth is higher than historical averages.
Operating Exp. Ann.
1Y CHG
21.3%
2Y CAGR
11%
3Y CAGR
19.2%
5Y CAGR
30.3%
7Y CAGR
30.5%
Operating Expenses Annual Cr growth is stable compared to historical averages.

Shoals Tech Grp Inc (Class A) balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund Shoals Tech Grp Inc (Class A) Dec-2025 Total Shareholders Fund is $600 Million which is growth of 7.8% YoY.

  • POSITIVE

    Total Assets Shoals Tech Grp Inc (Class A) Dec-2025 Total Assets is $904 Million which is growth of 14.0% YoY.

Shoals Technologies Group Inc - Ordinary Shares - Class A, Balance Sheet, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18
15%
35.9%
904.1793.1844594.9426.4195.3187.6185.5
⌄
1.1%
-4.3%
304.1236.3299293.9433.9379.437.747.3
⌄
27.2%
-
600556.8545291.42.6-184.1149.9138.3
Total Capitalization Ann.
11.7%
33.9%
736.7698.6724.4528.4247.6171.2163.1174.3
Tangible Assets Ann.
44.4%
-
496.5445.8426.4164.9-132.1-306.319.80.2
Working Capital Ann.
9%
32.4%
130.6107.4134.6100.961.932.12225.8
Invested Capital Ann.
11.6%
15.5%
736.7698.6726.4530.4249.6358.826.139.5
Tangible Book Value Ann.
44.4%
-
496.5445.8426.4164.9-132.1-306.319.80.2
Borrowings Ann.
-9.8%
-13.3%
175.4141.8181.4239.1247.1358.826.139.5
Net Debt Ann.
-17.5%
-18%
129.4118.2158.7230.3242.1348.81939.4
Share Issued Ann.
7.5%
13.5%
171.4170.7170.1137.9112.1919191
Number Of Shares End
11.6%
13%
167.4166.7170.1120.310891166.6-
*All financials are in USD Million and price data in USD
Total Assets Ann.
1Y CHG
14%
2Y CAGR
3.5%
3Y CAGR
15%
5Y CAGR
35.9%
7Y CAGR
25.4%
Total Assets Annual growth is lower than historical averages.
Total Current Liabilities Ann.
1Y CHG
57.4%
2Y CAGR
17.2%
3Y CAGR
34.3%
5Y CAGR
39.5%
7Y CAGR
41.5%
Total Current Liabilities Annual Cr growth is higher than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
7.8%
2Y CAGR
4.9%
3Y CAGR
27.2%
7Y CAGR
23.3%
Total ShareHolders Funds Annual growth is lower than historical averages.

Shoals Tech Grp Inc (Class A) ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

  • POSITIVE

    Book Value Per Share Shoals Tech Grp Inc (Class A) Book Value Per Share is $4 which is growth of 6.7% YoY.

  • NEUTRAL

    ROE Shoals Tech Grp Inc (Class A) ROE is 0% which is growth of 0% YoY.

Shoals Technologies Group Inc - Ordinary Shares - Class A, Ratios, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18
RoA Ann. %
-
-
-2.95%5.56%24.99%0.76%17.64%13.48%4.66%
ROE Ann. %
-
-
-4.38%9.56%86.83%--17.45%6.25%
ROIC %
-
-
-1.52.828.40.3-4.6-
OPM Ann. %
-16.4%
-11%
11.86%12.82%16.16%20.29%16.99%21.24%18.64%10.69%
Inventory Turnover Ratio Ann.
-
-
-4.75.13.54.99.110.77.6
Asset Turnover Ann. %
-
-
-0.50.70.60.70.90.80.6
Working Capital Turnover Ann.
4%
-8.1%
3.63.73.63.23.45.56.64
Quick Ratio Ann.
-
-
-1.51.81.51.61.71.52.3
Current Ratio Ann.
-
-
-2.32.52.932.31.93.3
Interest Coverage Ratio Ann.
-
-
-3.73.39.21.310.615.14.5
LT Debt To Equity Ann.
-
-
-0.30.30.896-0.10.3
*All financials are in USD Million and price data in USD

Shoals Tech Grp Inc (Class A) cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

  • NEGATIVE

    Cash From Operating Activity Shoals Tech Grp Inc (Class A) Dec-2025 Cash From Operating Activity is $17 Million which is growth of -78.8% YoY.

  • NEGATIVE

    Net Cash Flow Shoals Tech Grp Inc (Class A) Dec-2025 Net Cash Flow is $-16 Million which is growth of -2113.8% YoY.

Shoals Technologies Group Inc - Ordinary Shares - Class A, Cash Flow, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18
-24.4%
-20.6%
17.180.49239.5-4.154.136.23
-
-
-28-8.4-10.9-3.7-17-3.2-1.7-1.4
-
-
-5.3-71.2-67.2-36.620.6-47.9-27.5-19.2
Cash Plus Cash Eqv. End Of Year Ann.
-6%
-6.3%
7.323.522.78.89.610.17.10.1
Net Increase In Cash Plus Cash Eqv.s Ann.
-
-
-16.20.813.9-0.8-0.537-17.6
Cash Plus Cash Eqv. Begin Of Year Ann.
34.8%
27%
23.522.78.89.610.17.10.117.7
Income Tax Paid Supplemental Data Ann.
-
-
-0.11.30.81.2---
Interest Paid Supplemental Data Ann.
-10.7%
24.8%
9.116.323.112.810.831.82.4
Capex Ann.
-
-
-33-8.4-10.6-3.2-4.1-3.2-1.7-1.4
Issuance Of Capital Stock Ann.
-
-
-42.9559.9---
Issuance Of Debt Ann.
9.3%
-31.2%
60148.8454649.13902.510
Repayment Of Debt Ann.
-
-
-65-190.8-104.5-55.1-166.8-46.3-16-18.5
Repurchase Of Capital Stock Ann.
-
-
-25.3------
Free Cash Flow Ann.
-
-
-167281.436.3-8.250.934.51.6
*All financials are in USD Million and price data in USD
Cash from Operating Act. Ann.
1Y CHG
-78.7%
2Y CAGR
-56.9%
3Y CAGR
-24.4%
5Y CAGR
-20.6%
7Y CAGR
28.2%
Cash from Operating Activity Annual is falling faster than historical averages.