# Shoals Technologies Group, Inc.: overview

SHLS · Nasdaq · CIK 1831651 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/shls.md) · [Financials](/companies/shls/financials.md) · [Filings](/companies/shls/filings.md) · [Insiders](/companies/shls/insiders.md)

Latest reported revenue: [$163.4m](/filings/0001831651-26-000108.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001831651-26-000108).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [102](/filings/0001831651-25-000093.md) | [107 d](/filings/0001831651-26-000021.md) | [80.4](/filings/0001831651-26-000083.md) | [111](/filings/0001831651-26-000108.md) | [136](/filings/0001831651-25-000093.md) | [148 d](/filings/0001831651-26-000021.md) | [141](/filings/0001831651-26-000083.md) | [163](/filings/0001831651-26-000108.md) |
| Gross margin | % | [24.8%](/filings/0001831651-25-000093.md) | [37.6% d](/filings/0001831651-26-000021.md) | [35.0%](/filings/0001831651-26-000083.md) | [37.2%](/filings/0001831651-26-000108.md) | [37.0%](/filings/0001831651-25-000093.md) | [31.6% d](/filings/0001831651-26-000021.md) | [29.2%](/filings/0001831651-26-000083.md) | [30.3%](/filings/0001831651-26-000108.md) |
| Operating margin | % | [4.4%](/filings/0001831651-25-000093.md) | [15.4% d](/filings/0001831651-26-000021.md) | [5.4%](/filings/0001831651-26-000083.md) | [14.4%](/filings/0001831651-26-000108.md) | [13.7%](/filings/0001831651-25-000093.md) | [11.7% d](/filings/0001831651-26-000021.md) | [5.5%](/filings/0001831651-26-000083.md) | [11.5%](/filings/0001831651-26-000108.md) |
| Net margin | % | [(0.3%)](/filings/0001831651-25-000093.md) | [7.3% d](/filings/0001831651-26-000021.md) | [(0.4%)](/filings/0001831651-26-000108.md) | [12.5%](/filings/0001831651-26-000108.md) | [8.7%](/filings/0001831651-25-000093.md) | [5.5% d](/filings/0001831651-26-000021.md) | [(0.2%)](/filings/0001831651-26-000108.md) | [7.4%](/filings/0001831651-26-000108.md) |
| Diluted EPS | $ per share | [0.00](/filings/0001831651-25-000093.md) | not reported | [0.00](/filings/0001831651-26-000083.md) | [0.08](/filings/0001831651-26-000108.md) | [0.07](/filings/0001831651-25-000093.md) | not reported | [0.00](/filings/0001831651-26-000083.md) | [0.07](/filings/0001831651-26-000108.md) |
| Free cash flow | $m | [13.3 d](/filings/0001831651-25-000093.md) | [12.5 d](/filings/0001831651-26-000021.md) | [12.3](/filings/0001831651-26-000083.md) | [(26.0) d](/filings/0001831651-26-000108.md) | [9.0 d](/filings/0001831651-25-000093.md) | [(11.3) d](/filings/0001831651-26-000021.md) | [(49.1)](/filings/0001831651-26-000083.md) | [(0.2) d](/filings/0001831651-26-000108.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [213](/filings/0001831651-24-000011.md) | [327](/filings/0001831651-25-000019.md) | [489](/filings/0001831651-26-000021.md) | [399](/filings/0001831651-26-000021.md) | [475](/filings/0001831651-26-000021.md) |
| Gross margin | % | [38.8%](/filings/0001831651-24-000011.md) | [40.2%](/filings/0001831651-25-000019.md) | [34.4%](/filings/0001831651-26-000021.md) | [35.6%](/filings/0001831651-26-000021.md) | [35.0%](/filings/0001831651-26-000021.md) |
| Operating margin | % | [17.0%](/filings/0001831651-24-000011.md) | [20.3%](/filings/0001831651-25-000019.md) | [16.2%](/filings/0001831651-26-000021.md) | [12.8%](/filings/0001831651-26-000021.md) | [11.9%](/filings/0001831651-26-000021.md) |
| Net margin | % | [1.1%](/filings/0001831651-24-000011.md) | [39.0%](/filings/0001831651-25-000019.md) | [8.2%](/filings/0001831651-26-000021.md) | [6.0%](/filings/0001831651-26-000021.md) | [7.1%](/filings/0001831651-26-000021.md) |
| Diluted EPS | $ per share | not reported | [0.85](/filings/0001831651-25-000019.md) | [0.24](/filings/0001831651-26-000021.md) | [0.14](/filings/0001831651-26-000021.md) | [0.20](/filings/0001831651-26-000021.md) |
| Free cash flow | $m | [(8.2)](/filings/0001831651-24-000011.md) | [36.3](/filings/0001831651-25-000019.md) | [81.4](/filings/0001831651-26-000021.md) | [72.0](/filings/0001831651-26-000021.md) | [(16.0)](/filings/0001831651-26-000021.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/shls/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $284.4m | 28,727,968 |  | Added +8,880,712 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $73.6m | 7,435,246 |  | Added +73,905 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $70.9m | 7,157,142 |  | Reduced −619,546 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $59.9m | 6,052,905 |  | Added +43,997 |
| [Amundi](/funds/1330387.md) | 2026-06-30 | $53.2m | 5,374,593 |  | Reduced −360,225 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $47.0m | 4,745,938 |  | Added +186,631 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $45.4m | 4,590,497 |  | Added +321,703 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $44.6m | 4,500,168 |  | Reduced −1,387,304 |
| [BNP PARIBAS ASSET MANAGEMENT Holding S.A.](/funds/1520354.md) | 2026-06-30 | $42.3m | 4,276,470 |  | Reduced −1,057,082 |
| [Greenvale Capital LLP](/funds/1768041.md) | 2026-06-30 | $42.1m | 4,250,000 |  | New +4,250,000 |

## Recent filings

[All 437 filings](/companies/shls/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-31 | 16:38 ET | [8-K](/filings/0001831651-26-000116.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001831651-26-000116 |
| 2026-08-04 | 07:49 ET | [10-Q](/filings/0001831651-26-000108.md) | Quarterly report, period 2026-06-30 | 0001831651-26-000108 |
| 2026-08-04 | 07:14 ET | [8-K](/filings/0001831651-26-000105.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001831651-26-000105 |
| 2026-06-12 | 16:12 ET | [8-K/A](/filings/0001831651-26-000098.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001831651-26-000098 |
| 2026-06-12 | 18:20 ET | [8-K](/filings/0001831651-26-000096.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001831651-26-000096 |
| 2026-05-05 | 07:48 ET | [10-Q](/filings/0001831651-26-000083.md) | Quarterly report, period 2026-03-31 | 0001831651-26-000083 |
| 2026-05-05 | 07:16 ET | [8-K](/filings/0001831651-26-000080.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001831651-26-000080 |
| 2026-05-01 | 16:29 ET | [8-K](/filings/0001831651-26-000055.md) | 5.07 Shareholder vote results | 0001831651-26-000055 |
| 2026-03-20 | 16:44 ET | [DEF 14A](/filings/0001831651-26-000041.md) | Proxy statement, period 2026-04-30 | 0001831651-26-000041 |
| 2026-02-24 | 17:21 ET | [8-K/A](/filings/0001831651-26-000024.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001831651-26-000024 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001831651-26-000021.md), filed Feb 24, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/61b78c95-722f-40ef-910e-60b54bb6cb85)

## About the filer

- CIK: 1831651
- Tickers: SHLS
- Exchange: Nasdaq
- SIC code: 3674 Semiconductors & Related Devices
- State of incorporation: DE
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 10:12 ET. No prices; not investment advice.