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Side-by-side financial comparison of LendingClub Corp (LC) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
LendingClub Corp is the larger business by last-quarter revenue ($252.3M vs $148.3M, roughly 1.7× Shoals Technologies Group, Inc.). LendingClub Corp runs the higher net margin — 20.5% vs 5.5%, a 15.0% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 15.9%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 16.1%).
LendingClub Corporation is an American financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
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.
LC vs SHLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $252.3M | $148.3M |
| Net Profit | $51.6M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | — | 11.7% |
| Net Margin | 20.5% | 5.5% |
| Revenue YoY | 15.9% | 38.6% |
| Net Profit YoY | 341.0% | 3.9% |
| EPS (diluted) | $0.44 | $0.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $252.3M | — | ||
| Q4 25 | $266.5M | $148.3M | ||
| Q3 25 | $266.2M | $135.8M | ||
| Q2 25 | $248.4M | $110.8M | ||
| Q1 25 | $217.7M | $80.4M | ||
| Q4 24 | $217.2M | $107.0M | ||
| Q3 24 | $201.9M | $102.2M | ||
| Q2 24 | $187.2M | $99.2M |
| Q1 26 | $51.6M | — | ||
| Q4 25 | — | $8.1M | ||
| Q3 25 | $44.3M | $11.9M | ||
| Q2 25 | $38.2M | $13.9M | ||
| Q1 25 | $11.7M | $-282.0K | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | $14.5M | $-267.0K | ||
| Q2 24 | $14.9M | $11.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 31.6% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 35.0% | ||
| Q4 24 | — | 37.6% | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 40.3% |
| Q1 26 | — | — | ||
| Q4 25 | 18.8% | 11.7% | ||
| Q3 25 | 21.5% | 13.7% | ||
| Q2 25 | 21.7% | 14.4% | ||
| Q1 25 | 7.2% | 5.4% | ||
| Q4 24 | 5.1% | 15.4% | ||
| Q3 24 | 8.9% | 4.4% | ||
| Q2 24 | 10.4% | 18.7% |
| Q1 26 | 20.5% | — | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | 16.6% | 8.7% | ||
| Q2 25 | 15.4% | 12.5% | ||
| Q1 25 | 5.4% | -0.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 7.2% | -0.3% | ||
| Q2 24 | 8.0% | 11.9% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.36 | $0.05 | ||
| Q3 25 | $0.37 | $0.07 | ||
| Q2 25 | $0.33 | $0.08 | ||
| Q1 25 | $0.10 | $0.00 | ||
| Q4 24 | $0.08 | $0.04 | ||
| Q3 24 | $0.13 | $0.00 | ||
| Q2 24 | $0.13 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $600.0M |
| Total Assets | $11.9B | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $7.3M | ||
| Q3 25 | — | $8.6M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $35.6M | ||
| Q4 24 | — | $23.5M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | — | $3.2M |
| Q1 26 | — | — | ||
| Q4 25 | $0 | — | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $0 | $141.8M | ||
| Q4 24 | $0 | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.5B | $600.0M | ||
| Q3 25 | $1.5B | $589.6M | ||
| Q2 25 | $1.4B | $575.4M | ||
| Q1 25 | $1.4B | $558.9M | ||
| Q4 24 | $1.3B | $556.8M | ||
| Q3 24 | $1.3B | $545.2M | ||
| Q2 24 | $1.3B | $544.6M |
| Q1 26 | $11.9B | — | ||
| Q4 25 | $11.6B | $904.1M | ||
| Q3 25 | $11.1B | $851.8M | ||
| Q2 25 | $10.8B | $795.0M | ||
| Q1 25 | $10.5B | $788.4M | ||
| Q4 24 | $10.6B | $793.1M | ||
| Q3 24 | $11.0B | $801.3M | ||
| Q2 24 | $9.6B | $788.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | 0.25× | ||
| Q4 24 | 0.00× | 0.25× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.27× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-4.1M |
| Free Cash FlowOCF − Capex | — | $-11.3M |
| FCF MarginFCF / Revenue | — | -7.6% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-2.7B | $-4.1M | ||
| Q3 25 | $-770.8M | $19.4M | ||
| Q2 25 | $-713.1M | $-13.8M | ||
| Q1 25 | $-339.3M | $15.6M | ||
| Q4 24 | $-2.6B | $14.0M | ||
| Q3 24 | $-669.8M | $15.7M | ||
| Q2 24 | $-932.5M | $37.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.9B | $-11.3M | ||
| Q3 25 | $-791.8M | $9.0M | ||
| Q2 25 | $-803.8M | $-26.0M | ||
| Q1 25 | $-352.3M | $12.3M | ||
| Q4 24 | $-2.7B | $12.5M | ||
| Q3 24 | $-682.3M | $13.3M | ||
| Q2 24 | $-945.3M | $35.8M |
| Q1 26 | — | — | ||
| Q4 25 | -1076.0% | -7.6% | ||
| Q3 25 | -297.4% | 6.6% | ||
| Q2 25 | -323.5% | -23.5% | ||
| Q1 25 | -161.8% | 15.4% | ||
| Q4 24 | -1237.8% | 11.6% | ||
| Q3 24 | -338.0% | 13.0% | ||
| Q2 24 | -504.9% | 36.1% |
| Q1 26 | — | — | ||
| Q4 25 | 52.7% | 4.8% | ||
| Q3 25 | 7.9% | 7.7% | ||
| Q2 25 | 36.5% | 11.0% | ||
| Q1 25 | 6.0% | 4.0% | ||
| Q4 24 | 25.0% | 1.4% | ||
| Q3 24 | 6.2% | 2.3% | ||
| Q2 24 | 6.9% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.50× | ||
| Q3 25 | -17.41× | 1.63× | ||
| Q2 25 | -18.68× | -1.00× | ||
| Q1 25 | -29.07× | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | -46.33× | — | ||
| Q2 24 | -62.57× | 3.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LC
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
