Shoals Technologies Group, Inc.SHLSEarnings & Financial Report
Nasdaq
SHLS Q3 2025 Key Financial Metrics
Revenue
$135.8M
Gross Profit
$50.3M
Operating Profit
$18.7M
Net Profit
$11.9M
Gross Margin
37.0%
Operating Margin
13.7%
Net Margin
8.7%
YoY Growth
32.9%
EPS
$0.07
Financial Flow
Shoals Technologies Group, Inc. Q3 2025 Financial Summary
Shoals Technologies Group, Inc. reported revenue of $135.8M for Q3 2025, with a net profit of $11.9M (8.7% margin). Cost of goods sold was $85.6M, operating expenses totaled $31.6M.
Key Financial Metrics
| Total Revenue | $135.8M |
|---|---|
| Net Profit | $11.9M |
| Gross Margin | 37.0% |
| Operating Margin | 13.7% |
| Report Period | Q3 2025 |
Shoals Technologies Group, Inc. Annual Revenue by Year
Shoals Technologies Group, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $399.2M).
| Year | Annual Revenue |
|---|---|
| 2024 | $399.2M |
| 2023 | $488.9M |
| 2022 | $326.9M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $130.4M | $90.8M | $99.2M | $102.2M | $107.0M | $80.4M | $110.8M | $135.8M |
| YoY Growth | 37.8% | -13.6% | -16.7% | -23.9% | -18.0% | -11.5% | 11.7% | 32.9% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $844.0M | $825.3M | $788.4M | $801.3M | $793.1M | $788.4M | $795.0M | $851.8M |
| Liabilities | $299.0M | $271.3M | $243.9M | $256.1M | $236.3M | $229.5M | $219.6M | $262.2M |
| Equity | $545.0M | $554.0M | $544.6M | $545.2M | $556.8M | $558.9M | $575.4M | $589.6M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $26.4M | $12.9M | $37.8M | $15.7M | $14.0M | $15.6M | $-13.8M | $19.4M |