Shoals Technologies Group, Inc.SHLSEarnings & Financial Report
Shoals Technologies Group is a leading provider of electrical balance of systems solutions for renewable energy and e-mobility. It supplies connectivity components for solar projects, energy storage systems and EV charging infrastructure, serving clients across North America, Europe and Asia-Pacific.
SHLS Q1 FY2026 Key Financial Metrics
Revenue
$140.6M
Gross Profit
$41.0M
Operating Profit
$7.7M
Net Profit
$-297.0K
Gross Margin
29.2%
Operating Margin
5.5%
Net Margin
-0.2%
YoY Growth
74.9%
EPS
$0.00
Shoals Technologies Group, Inc. Q1 FY2026 Financial Summary
Shoals Technologies Group, Inc. reported revenue of $140.6M (up 74.9% YoY) for Q1 FY2026, with a net profit of $-297.0K (down 5.3% YoY) (-0.2% margin). Cost of goods sold was $99.5M, operating expenses totaled $33.3M.
Key Financial Metrics
| Total Revenue | $140.6M |
|---|---|
| Net Profit | $-297.0K |
| Gross Margin | 29.2% |
| Operating Margin | 5.5% |
| Report Period | Q1 FY2026 |
Shoals Technologies Group, Inc. Annual Revenue by Year
Shoals Technologies Group, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $475.3M).
Shoals Technologies Group, Inc. Quarterly Revenue & Net Profit History
Shoals Technologies Group, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $140.6M | +74.9% | $-297.0K | -0.2% |
| Q4 FY2025 | $148.3M | +38.6% | $8.1M | 5.5% |
| Q3 FY2025 | $135.8M | +32.9% | $11.9M | 8.7% |
| Q2 FY2025 | $110.8M | +11.7% | $13.9M | 12.5% |
| Q1 FY2025 | $80.4M | -11.5% | $-282.0K | -0.4% |
| Q4 FY2024 | $107.0M | -18.0% | $7.8M | 7.3% |
| Q3 FY2024 | $102.2M | -23.9% | $-267.0K | -0.3% |
| Q2 FY2024 | $99.2M | -16.7% | $11.8M | 11.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $99.2M | $102.2M | $107.0M | $80.4M | $110.8M | $135.8M | $148.3M | $140.6M |
| YoY Growth | -16.7% | -23.9% | -18.0% | -11.5% | 11.7% | 32.9% | 38.6% | 74.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $788.4M | $801.3M | $793.1M | $788.4M | $795.0M | $851.8M | $904.1M | $1.03B |
| Liabilities | $243.9M | $256.1M | $236.3M | $229.5M | $219.6M | $262.2M | $304.1M | $429.2M |
| Equity | $544.6M | $545.2M | $556.8M | $558.9M | $575.4M | $589.6M | $600.0M | $601.6M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $37.8M | $15.7M | $14.0M | $15.6M | $-13.8M | $19.4M | $-4.1M |