Shoals Technologies Group, Inc. (SHLS) — Financial statements
Income statement, balance sheet, and cash flow for Shoals Technologies Group, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 475↑19.1% | 399↓18.4% | 489↑49.6% | 327↑53.3% | 213 | |
| Cost of Revenue | 309↑20.1% | 257↓19.8% | 321↑63.9% | 196↑49.8% | 131 | |
| Gross Profit | 167↑17.2% | 142↓15.6% | 168↑28.2% | 131↑58.9% | 83 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 102↑23.4% | 82↑1.9% | 81↑44.4% | 56↑47.5% | 38 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 102↑23.4% | 82↑1.9% | 81↑44.4% | 56↑47.5% | 38 | |
| Other Expenses | 9↑0.1% | 9↑0.5% | 9↓5.8% | 9↑6.5% | 9 | |
| Operating Expenses | 110↑21.2% | 91↑1.8% | 89↑37.4% | 65↑40.0% | 46 | |
| Total Costs & Expenses | 419↑20.4% | 348↓15.1% | 410↑57.3% | 261↑47.3% | 177 | |
| Operating Results | ||||||
| Operating Income | 56↑10.2% | 51↓35.3% | 79↑19.2% | 66↑83.1% | 36 | |
| Depreciation & Amortization | 9↓31.9% | 13↑19.9% | 11↑0.2% | 11↑4.5% | 10 | |
| EBITDA | 67↑4.3% | 64↓28.2% | 90↓50.5% | 181↑532.3% | 29 | |
| EBIT | 59↑13.2% | 52↓34.6% | 79↓53.7% | 171↑817.9% | 19 | |
| Interest & Other Income | ||||||
| Net Interest Income | -10↑27.2% | -13↑44.8% | -24↓30.0% | -19↓27.4% | -15 | |
| Interest Income | 0.31↓41.1% | 0.52 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 10↓27.7% | 14↓42.6% | 24↑30.0% | 19↑27.4% | 15 | |
| Non-Operating Income | -2↓310.6% | -0.52 | 0.00↑100.0% | -104↓690.3% | 18 | |
| Other Income / Expenses | -8↑40.9% | -13↑44.8% | -24↓128.1% | 86↑366.0% | -32 | |
| Income Before Tax | 49↑28.1% | 38↓31.1% | 55↓63.9% | 152↑3671.7% | 4 | |
| Income Tax Expense | 15↑8.8% | 14↑11.9% | 12↑36.6% | 9↑10350.0% | 0.09 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 34↑39.2% | 24↓43.4% | 43↓70.2% | 143↑3526.1% | 4 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 34↑39.2% | 24↓39.6% | 40↓68.7% | 128↑5334.9% | 2 | |
| Bottom-Line Net Income | 34↑39.2% | 24↓39.6% | 40↓68.7% | 128↑5334.9% | 2 | |
| EPS (Basic) | 0.20↑42.9% | 0.14↓41.7% | 0.24↓78.4% | 1.11↑5185.7% | 0.02 | |
| EPS (Diluted) | 0.20↑42.9% | 0.14↓41.7% | 0.24↓71.8% | 0.85↑3947.6% | 0.02 | |
| Weighted Average Shares | 167↓0.8% | 169↑2.7% | 164↑43.4% | 114↑2.2% | 112 | |
| Weighted Average Diluted Shares | 168↓0.2% | 169↑2.6% | 165↓1.9% | 168↑49.6% | 112 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.