Shoals Technologies Group, Inc. (SHLS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 140.56M | 148.32M | 135.8M | 110.84M | 80.36M | 106.99M | 102.17M | 99.25M | 90.81M | 130.44M | 134.21M | 119.21M | 105.09M | 94.65M | 90.82M | 73.49M | 67.98M | 48.05M | 59.84M | 59.72M |
| Revenue Growth % | 74.91% | 38.64% | 32.93% | 11.68% | -11.5% | -17.98% | -23.88% | -16.74% | -13.59% | 37.81% | 47.77% | 62.21% | 54.59% | 97% | 51.78% | 23.05% | 49.06% | 23.98% | 13.77% | - |
| Cost of Goods Sold | 99.55M | 101.41M | 85.55M | 69.64M | 52.22M | 66.8M | 76.79M | 59.25M | 54.35M | 75.06M | 120.06M | 68.69M | 56.83M | 54.27M | 54.78M | 44.9M | 41.68M | 32.12M | 38.07M | 33.54M |
| COGS % of Revenue | 70.82% | 68.37% | 63% | 62.83% | 64.98% | 62.44% | 75.16% | 59.7% | 59.85% | 57.54% | 89.46% | 57.62% | 54.08% | 57.34% | 60.31% | 61.09% | 61.32% | 66.86% | 63.62% | 56.17% |
| Gross Profit | 41.01M | 46.91M | 50.25M | 41.2M | 28.14M | 40.18M | 25.38M | 40M | 36.46M | 55.38M | 14.15M | 50.52M | 48.26M | 40.38M | 36.05M | 28.59M | 26.29M | 15.92M | 21.77M | 26.18M |
| Gross Margin % | 29.18% | 31.63% | 37% | 37.17% | 35.02% | 37.56% | 24.84% | 40.3% | 40.15% | 42.46% | 10.54% | 42.38% | 45.92% | 42.66% | 39.69% | 38.91% | 38.68% | 33.14% | 36.38% | 43.83% |
| Gross Profit Growth % | 45.74% | 16.75% | 98.03% | 3.01% | -22.82% | -27.44% | 79.34% | -20.82% | -24.45% | 37.15% | -60.75% | 76.68% | 83.54% | 153.59% | 65.59% | 9.22% | 40.04% | 7.28% | 5.22% | - |
| Operating Expenses | 33.29M | 29.51M | 31.58M | 25.2M | 23.83M | 23.7M | 20.85M | 21.42M | 24.88M | 23.51M | 24.72M | 18.88M | 22.16M | 17M | 16.08M | 15.61M | 16.29M | 13.24M | 12.21M | 12.08M |
| OpEx % of Revenue | 23.69% | 19.9% | 23.25% | 22.74% | 29.65% | 22.15% | 20.41% | 21.58% | 27.39% | 18.02% | 18.42% | 15.84% | 21.08% | 17.97% | 17.71% | 21.24% | 23.96% | 27.56% | 20.4% | 20.23% |
| Selling, General & Admin | 31.01M | 34.17M | 22.59M | 23.06M | 21.69M | 21.52M | 18.74M | 19.22M | 22.77M | 21.45M | 22.55M | 16.72M | 19.99M | 14.87M | 13.85M | 13.27M | 13.92M | 11.03M | 10.03M | 10.02M |
| SG&A % of Revenue | 22.07% | 23.04% | 16.64% | 20.81% | 26.99% | 20.12% | 18.35% | 19.36% | 25.08% | 16.45% | 16.8% | 14.03% | 19.02% | 15.71% | 15.25% | 18.05% | 20.48% | 22.95% | 16.76% | 16.77% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 7.72M | 17.4M | 18.67M | 16M | 4.31M | 16.48M | 4.52M | 18.58M | 11.58M | 31.87M | -10.57M | 31.64M | 26.1M | 23.37M | 19.96M | 12.98M | 10.01M | 2.68M | 9.56M | 14.1M |
| Operating Margin % | 5.49% | 11.73% | 13.75% | 14.43% | 5.37% | 15.41% | 4.43% | 18.72% | 12.76% | 24.43% | -7.88% | 26.54% | 24.84% | 24.69% | 21.98% | 17.67% | 14.72% | 5.58% | 15.98% | 23.61% |
| Operating Income Growth % | 78.99% | 5.59% | 312.71% | -13.9% | -62.78% | -48.28% | 142.8% | -41.27% | -55.62% | 36.35% | -152.95% | 143.65% | 160.82% | 772.16% | 108.77% | -7.91% | 1.18% | -62.55% | -36.69% | - |
| EBITDA | 11.82M | 19.57M | 22.03M | 19.33M | 7.6M | 19.78M | 7.67M | 21.76M | 14.59M | 34.66M | -7.92M | 34.22M | 28.61M | 25.88M | 22.56M | 15.69M | 12.7M | 5.39M | 12.1M | 16.51M |
| EBITDA Margin % | 8.41% | 13.19% | 16.22% | 17.44% | 9.46% | 18.49% | 7.51% | 21.92% | 16.06% | 26.57% | -5.9% | 28.71% | 27.22% | 27.34% | 24.84% | 21.35% | 18.68% | 11.21% | 20.22% | 27.64% |
| EBITDA Growth % | 55.53% | -1.05% | 187.07% | -11.15% | -47.9% | -42.93% | 196.92% | -36.41% | -49.01% | 33.9% | -135.1% | 118.08% | 125.23% | 380.36% | 86.48% | -4.93% | 3.34% | -43.55% | -30.72% | - |
| D&A (Non-Cash Add-back) | 4.1M | 2.17M | 3.36M | 3.33M | 3.29M | 3.29M | 3.15M | 3.18M | 3M | 2.79M | 2.65M | 2.58M | 2.51M | 2.51M | 2.6M | 2.71M | 2.69M | 2.71M | 2.54M | 2.41M |
| EBIT | 7.72M | 16.17M | 18.66M | 19.21M | 4.43M | 17M | 4.52M | 18.58M | 11.7M | 31.87M | -10.57M | 31.64M | 26.1M | 127.58M | 19.96M | 12.98M | 10.01M | 4.7M | 7.55M | 12.44M |
| Net Interest Income | -2.84M | -2.44M | -2.79M | -2.16M | -2.3M | -2.8M | -3.09M | -3.06M | -4.36M | -5.7M | -5.9M | -6.5M | -6M | -5.78M | -4.75M | -4.17M | -3.84M | -3.64M | -3.58M | -3.62M |
| Interest Income | 59K | 73K | 0 | 76K | 118K | 518K | 0 | 0 | 113K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 2.9M | 2.51M | 2.79M | 2.24M | 2.42M | 3.31M | 3.09M | 3.06M | 4.47M | 5.7M | 5.9M | 6.5M | 6M | 5.78M | 4.75M | 4.17M | 3.84M | 3.64M | 3.58M | 3.62M |
| Other Income/Expense | -8.1M | -3.74M | -2.8M | 974K | -2.3M | -2.8M | -3.09M | -3.06M | -4.36M | -5.7M | -5.9M | -6.5M | -6M | 98.43M | -4.75M | -4.17M | -3.84M | -1.62M | -5.6M | -5.28M |
| Pretax Income | -386K | 13.66M | 15.87M | 16.97M | 2.02M | 13.69M | 1.44M | 15.52M | 7.22M | 26.17M | -16.47M | 25.13M | 20.1M | 121.8M | 15.21M | 8.81M | 6.17M | 1.06M | 3.97M | 8.81M |
| Pretax Margin % | -0.27% | 9.21% | 11.69% | 15.31% | 2.51% | 12.79% | 1.41% | 15.64% | 7.95% | 20.06% | -12.27% | 21.08% | 19.13% | 128.69% | 16.75% | 11.99% | 9.08% | 2.2% | 6.63% | 14.76% |
| Income Tax | -89K | 5.54M | 3.99M | 3.12M | 2.3M | 5.87M | -1.7M | 3.72M | 2.45M | 9.59M | -6.64M | 6.21M | 3.12M | 3.5M | 2.45M | 1.51M | 1.52M | 3.21M | -1.31M | -339K |
| Effective Tax Rate % | 23.06% | 40.55% | 25.15% | 18.37% | 114% | 42.88% | -118.59% | 23.95% | 33.9% | 36.64% | 40.33% | 24.7% | 15.52% | 2.88% | 16.12% | 17.14% | 24.66% | 303.6% | -33% | -3.85% |
| Net Income | -297K | 8.12M | 11.88M | 13.86M | -282K | 7.82M | 3.14M | 11.8M | 4.77M | 16.58M | -9.83M | 18.92M | 14.3M | 112.61M | 7.96M | 4.4M | 2.64M | -1.84M | 2.49M | 4.56M |
| Net Margin % | -0.21% | 5.48% | 8.75% | 12.5% | -0.35% | 7.31% | 3.07% | 11.89% | 5.26% | 12.71% | -7.32% | 15.87% | 13.6% | 118.98% | 8.76% | 5.99% | 3.88% | -3.82% | 4.15% | 7.63% |
| Net Income Growth % | -5.32% | 3.89% | 278.43% | 17.4% | -105.91% | -52.85% | 131.94% | -37.63% | -66.61% | -85.28% | -223.5% | 329.9% | 441.52% | 6230.16% | 220.11% | -3.42% | 192.34% | -143.25% | -83.43% | - |
| Net Income (Continuing) | -297K | 8.12M | 11.88M | 13.86M | -282K | 7.82M | 3.14M | 11.8M | 4.77M | 16.58M | -9.83M | 18.92M | 16.98M | 118.3M | 12.76M | 7.3M | 4.65M | -2.15M | 5.28M | 9.15M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.62M | -3.74M | -6.71M | -9.33M | -10.05M | -11.98M | -19.82M |
| EPS (Diluted) | -0.00 | 0.05 | 0.07 | 0.08 | -0.00 | 0.05 | 0.02 | 0.07 | 0.03 | 0.10 | -0.06 | 0.11 | 0.10 | 0.70 | 0.07 | 0.04 | 0.02 | -0.02 | 0.02 | 0.05 |
| EPS Growth % | - | 2.13% | 272.34% | 19.16% | -105.67% | -53.1% | 132.53% | -36.91% | -69.14% | -85.71% | -182.57% | 175% | 386% | 4146.24% | 250% | -20% | 133.33% | -167.84% | -77.78% | - |
| EPS (Basic) | -0.00 | 0.05 | 0.07 | 0.08 | -0.00 | 0.05 | 0.02 | 0.07 | 0.03 | 0.10 | -0.06 | 0.11 | 0.10 | 0.94 | 0.07 | 0.04 | 0.02 | -0.02 | 0.02 | 0.05 |
| Diluted Shares Outstanding | 167.56M | 169.66M | 168.75M | 167.56M | 166.96M | 166.83M | 167.38M | 170.1M | 170.51M | 170.29M | 169.97M | 170.24M | 147.11M | 168.63M | 113.58M | 112.62M | 112.24M | 106.23M | 102.25M | 166.83M |
| Basic Shares Outstanding | 167.56M | 167.41M | 169.7M | 167.29M | 166.96M | 166.72M | 167.32M | 169.99M | 170.28M | 170.07M | 169.97M | 169.89M | 146.41M | 120.24M | 112.97M | 112.49M | 112.21M | 106.23M | 101.89M | 93.54M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |