# Shoals Technologies Group, Inc.: financial statements, quarterly

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)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/shls/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | 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 | [134](/filings/0001831651-24-000124.md) | [130 d](/filings/0001831651-26-000021.md) | [90.8](/filings/0001831651-25-000060.md) | [99.2](/filings/0001831651-25-000082.md) | [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) |
| Cost of revenue | $m | [120](/filings/0001831651-24-000124.md) | [75.1 d](/filings/0001831651-26-000021.md) | [54.3](/filings/0001831651-25-000060.md) | [59.3](/filings/0001831651-25-000082.md) | [76.8](/filings/0001831651-25-000093.md) | [66.8 d](/filings/0001831651-26-000021.md) | [52.2](/filings/0001831651-26-000083.md) | [69.6](/filings/0001831651-26-000108.md) | [85.6](/filings/0001831651-25-000093.md) | [101 d](/filings/0001831651-26-000021.md) | [99.5](/filings/0001831651-26-000083.md) | [114](/filings/0001831651-26-000108.md) |
| Gross profit | $m | [14.2](/filings/0001831651-24-000124.md) | [55.4 d](/filings/0001831651-26-000021.md) | [36.5](/filings/0001831651-25-000060.md) | [40.0](/filings/0001831651-25-000082.md) | [25.4](/filings/0001831651-25-000093.md) | [40.2 d](/filings/0001831651-26-000021.md) | [28.1](/filings/0001831651-26-000083.md) | [41.2](/filings/0001831651-26-000108.md) | [50.3](/filings/0001831651-25-000093.md) | [46.9 d](/filings/0001831651-26-000021.md) | [41.0](/filings/0001831651-26-000083.md) | [49.5](/filings/0001831651-26-000108.md) |
| Operating income | $m | [(10.6)](/filings/0001831651-24-000124.md) | [31.9 d](/filings/0001831651-26-000021.md) | [11.6](/filings/0001831651-25-000060.md) | [18.6](/filings/0001831651-25-000082.md) | [4.5](/filings/0001831651-25-000093.md) | [16.5 d](/filings/0001831651-26-000021.md) | [4.3](/filings/0001831651-26-000083.md) | [16.0](/filings/0001831651-26-000108.md) | [18.7](/filings/0001831651-25-000093.md) | [17.4 d](/filings/0001831651-26-000021.md) | [7.7](/filings/0001831651-26-000083.md) | [18.7](/filings/0001831651-26-000108.md) |
| Interest expense | $m | [5.9](/filings/0001831651-23-000091.md) | [5.7 d](/filings/0001831651-24-000011.md) | [4.4](/filings/0001831651-24-000057.md) | [3.3](/filings/0001831651-25-000082.md) | [3.2](/filings/0001831651-25-000093.md) | [2.9 d](/filings/0001831651-26-000021.md) | [2.4](/filings/0001831651-26-000083.md) | [2.2](/filings/0001831651-26-000108.md) | [2.8](/filings/0001831651-25-000093.md) | [2.5 d](/filings/0001831651-26-000021.md) | [2.9](/filings/0001831651-26-000083.md) | [3.5](/filings/0001831651-26-000108.md) |
| Income tax | $m | [(6.6)](/filings/0001831651-24-000124.md) | [9.6 d](/filings/0001831651-26-000021.md) | [2.4](/filings/0001831651-25-000060.md) | [3.7](/filings/0001831651-25-000082.md) | [1.7](/filings/0001831651-25-000093.md) | [5.9 d](/filings/0001831651-26-000021.md) | [2.3](/filings/0001831651-26-000083.md) | [3.1](/filings/0001831651-26-000108.md) | [4.0](/filings/0001831651-25-000093.md) | [5.5 d](/filings/0001831651-26-000021.md) | [(0.1)](/filings/0001831651-26-000083.md) | [3.4](/filings/0001831651-26-000108.md) |
| Net income | $m | [(9.8)](/filings/0001831651-24-000124.md) | [16.6 d](/filings/0001831651-26-000021.md) | [4.8](/filings/0001831651-25-000093.md) | [11.8](/filings/0001831651-25-000093.md) | [(0.3)](/filings/0001831651-25-000093.md) | [7.8 d](/filings/0001831651-26-000021.md) | [(0.3)](/filings/0001831651-26-000108.md) | [13.9](/filings/0001831651-26-000108.md) | [11.9](/filings/0001831651-25-000093.md) | [8.1 d](/filings/0001831651-26-000021.md) | [(0.3)](/filings/0001831651-26-000108.md) | [12.1](/filings/0001831651-26-000108.md) |
| Diluted EPS | $ per share | [(0.06)](/filings/0001831651-24-000124.md) | not reported | [0.03](/filings/0001831651-25-000060.md) | [0.07](/filings/0001831651-25-000082.md) | [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) |
| Basic EPS | $ per share | [(0.06)](/filings/0001831651-24-000124.md) | not reported | [0.03](/filings/0001831651-25-000060.md) | [0.07](/filings/0001831651-25-000082.md) | [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) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Cost of revenue: us-gaap:CostOfRevenue
- Gross profit: us-gaap:GrossProfit
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense, us-gaap:InterestExpenseNonoperating
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-30) | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [9.2](/filings/0001831651-23-000091.md) | [22.7](/filings/0001831651-25-000019.md) | [15.2](/filings/0001831651-24-000057.md) | [3.2](/filings/0001831651-24-000098.md) | [11.1](/filings/0001831651-24-000124.md) | [23.5](/filings/0001831651-26-000021.md) | [35.6](/filings/0001831651-25-000060.md) | [4.7](/filings/0001831651-25-000082.md) | [8.6](/filings/0001831651-25-000093.md) | [7.3](/filings/0001831651-26-000108.md) | [1.9](/filings/0001831651-26-000083.md) | [15.7](/filings/0001831651-26-000108.md) |
| Current assets | $m | [214](/filings/0001831651-23-000091.md) | [227](/filings/0001831651-25-000019.md) | [208](/filings/0001831651-24-000057.md) | [177](/filings/0001831651-24-000098.md) | [191](/filings/0001831651-24-000124.md) | [188](/filings/0001831651-26-000021.md) | [188](/filings/0001831651-25-000060.md) | [190](/filings/0001831651-25-000082.md) | [201](/filings/0001831651-25-000093.md) | [258](/filings/0001831651-26-000108.md) | [383](/filings/0001831651-26-000083.md) | [369](/filings/0001831651-26-000108.md) |
| Total assets | $m | [840](/filings/0001831651-23-000091.md) | [844](/filings/0001831651-25-000019.md) | [825](/filings/0001831651-24-000057.md) | [788](/filings/0001831651-24-000098.md) | [801](/filings/0001831651-24-000124.md) | [793](/filings/0001831651-26-000021.md) | [788](/filings/0001831651-25-000060.md) | [795](/filings/0001831651-25-000082.md) | [852](/filings/0001831651-25-000093.md) | [904](/filings/0001831651-26-000108.md) | [1,031](/filings/0001831651-26-000083.md) | [1,017](/filings/0001831651-26-000108.md) |
| Current liabilities | $m | [84.4](/filings/0001831651-23-000091.md) | [92.6](/filings/0001831651-25-000019.md) | [79.6](/filings/0001831651-24-000057.md) | [78.3](/filings/0001831651-24-000098.md) | [91.9](/filings/0001831651-24-000124.md) | [80.9](/filings/0001831651-26-000021.md) | [80.3](/filings/0001831651-25-000060.md) | [81.3](/filings/0001831651-25-000082.md) | [91.9](/filings/0001831651-25-000093.md) | [127](/filings/0001831651-26-000108.md) | [208](/filings/0001831651-26-000083.md) | [164](/filings/0001831651-26-000108.md) |
| Total liabilities | $m | [316](/filings/0001831651-23-000091.md) | [299](/filings/0001831651-25-000019.md) | [271](/filings/0001831651-24-000057.md) | [244](/filings/0001831651-24-000098.md) | [256](/filings/0001831651-24-000124.md) | [236](/filings/0001831651-26-000021.md) | [229](/filings/0001831651-25-000060.md) | [220](/filings/0001831651-25-000082.md) | [262](/filings/0001831651-25-000093.md) | [304](/filings/0001831651-26-000108.md) | [429](/filings/0001831651-26-000083.md) | [400](/filings/0001831651-26-000108.md) |
| Long-term debt | $m | [188](/filings/0001831651-23-000091.md) | [179](/filings/0001831651-25-000019.md) | [169](/filings/0001831651-24-000057.md) | [147](/filings/0001831651-24-000098.md) | [142](/filings/0001831651-24-000124.md) | [142](/filings/0001831651-25-000093.md) | [142](/filings/0001831651-25-000060.md) | [132](/filings/0001831651-25-000082.md) | [127](/filings/0001831651-25-000093.md) | not reported | not reported | not reported |
| Current portion of debt | $m | [2.0](/filings/0001831651-23-000091.md) | [2.0](/filings/0001831651-25-000019.md) | [0.0](/filings/0001831651-24-000057.md) | [0.0](/filings/0001831651-24-000098.md) | [0.0](/filings/0001831651-24-000124.md) | [0.0](/filings/0001831651-25-000093.md) | [0.0](/filings/0001831651-25-000060.md) | [0.0](/filings/0001831651-25-000082.md) | [0.0](/filings/0001831651-25-000093.md) | not reported | not reported | not reported |
| Shareholders' equity | $m | [525](/filings/0001831651-23-000091.md) | [545](/filings/0001831651-25-000093.md) | [554](/filings/0001831651-25-000093.md) | [545](/filings/0001831651-25-000093.md) | [545](/filings/0001831651-25-000093.md) | [557](/filings/0001831651-26-000108.md) | [559](/filings/0001831651-26-000108.md) | [575](/filings/0001831651-26-000108.md) | [590](/filings/0001831651-25-000093.md) | [600](/filings/0001831651-26-000108.md) | [602](/filings/0001831651-26-000108.md) | [617](/filings/0001831651-26-000108.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: us-gaap:Liabilities
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:LongTermDebtCurrent
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | 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) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [27.7 d](/filings/0001831651-24-000124.md) | [26.4 d](/filings/0001831651-26-000021.md) | [12.9](/filings/0001831651-25-000060.md) | [37.8 d](/filings/0001831651-25-000082.md) | [15.7 d](/filings/0001831651-25-000093.md) | [14.0 d](/filings/0001831651-26-000021.md) | [15.6](/filings/0001831651-26-000083.md) | [(13.8) d](/filings/0001831651-26-000108.md) | [19.4 d](/filings/0001831651-25-000093.md) | [(4.1) d](/filings/0001831651-26-000021.md) | [(41.4)](/filings/0001831651-26-000083.md) | [6.8 d](/filings/0001831651-26-000108.md) |
| Capital expenditure | $m | [3.3 d](/filings/0001831651-24-000124.md) | [2.9 d](/filings/0001831651-26-000021.md) | [2.5](/filings/0001831651-25-000060.md) | [2.0 d](/filings/0001831651-25-000082.md) | [2.4 d](/filings/0001831651-25-000093.md) | [1.5 d](/filings/0001831651-26-000021.md) | [3.2](/filings/0001831651-26-000083.md) | [12.2 d](/filings/0001831651-26-000108.md) | [10.4 d](/filings/0001831651-25-000093.md) | [7.2 d](/filings/0001831651-26-000021.md) | [7.6](/filings/0001831651-26-000083.md) | [7.0 d](/filings/0001831651-26-000108.md) |
| Share repurchases | $m | [0.0 d](/filings/0001831651-24-000124.md) | [0.0 d](/filings/0001831651-26-000021.md) | not reported | not reported | [0.1 d](/filings/0001831651-25-000093.md) | [0.0 d](/filings/0001831651-26-000021.md) | not reported | not reported | [0.0 d](/filings/0001831651-25-000093.md) | [0.0 d](/filings/0001831651-26-000021.md) | not reported | not reported |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q3 FY2022 (2022-09-30) | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [114](/filings/0001831651-23-000091.md) | [147](/filings/0001831651-24-000057.md) | [170](/filings/0001831651-24-000098.md) | [170](/filings/0001831651-24-000124.md) | [171](/filings/0001831651-25-000060.md) | [170](/filings/0001831651-25-000082.md) | [167](/filings/0001831651-25-000093.md) | [167](/filings/0001831651-26-000083.md) | [168](/filings/0001831651-26-000108.md) | [169](/filings/0001831651-25-000093.md) | [168](/filings/0001831651-26-000083.md) | [170](/filings/0001831651-26-000108.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:48 ET. No prices; not investment advice.