Shoals Technologies Group financials
$7.77+4.72%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $475.3M | $399.2M | $488.9M | $326.9M | $213.2M |
| Gross profit | $166.5M | $142.0M | $168.3M | $131.3M | $82.6M |
| Gross margin | 35.0% | 35.6% | 34.4% | 40.2% | 38.8% |
| Operating income | $56.4M | $51.2M | $79.0M | $66.3M | $36.2M |
| Net income | $33.6M | $24.1M | $40.0M | $127.6M | $2.3M |
| Net margin | 7.1% | 6.0% | 8.2% | 39.0% | 1.1% |
| Diluted EPS | $0.20 | $0.14 | $0.24 | $0.85 | $2348.00 |
| EBITDA | $70.2M | $63.8M | $89.6M | $76.8M | $46.3M |
| Operating cash flow | $17.1M | $80.4M | $92.0M | $39.5M | -$4.1M |
| Free cash flow | -$16.0M | $72.0M | $81.4M | $36.3M | -$8.2M |
| Diluted shares | 168.4M | 168.7M | 164.5M | 167.6M | 0.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $7.3M | $23.5M | $22.7M | $8.8M | $5.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $136.8M | $141.8M | $181.4M | $239.1M | $247.1M |
| Total assets | $904.1M | $793.1M | $844.0M | $594.9M | $426.4M |
| Total liabilities | $304.1M | $236.3M | $299.0M | $293.9M | $433.9M |
| Shareholders' equity | $600.0M | $556.8M | $545.0M | $301.0M | -$7.5M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology