The financials
Shoals Technologies Group, Inc. by the numbers
Shoals Technologies Group, Inc. (SHLS) reported revenue of $141M in Q1 2026 (quarter ended Mar 31, 2026), up 75% from the same quarter a year earlier. That came with a gross margin of 29% and net loss of $297K. For the full year FY2025, revenue was $475M (+19% year on year) and net income $34M. Its largest product in Jun 2026 was System Solutions at $114M, 70% of the disclosed total, well ahead of Components at 30%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $141M | $80M | +75% |
| Gross profit | $41M | $28M | +46% |
| Operating income | $7.7M | $4.3M | +79% |
| Net income | −$297K | −$282K | n/a |
| Diluted EPS | $0.00 | $0.00 | n/a |
| Product | Revenue | Share |
|---|---|---|
| System Solutions | $114M | 70% |
| Components | $49M | 30% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $163.4M (+16%)
Components grew +86% year on yearSystem Solutions +35% year on year
Segment Latestquarter on quarteryear on year
- System Solutions$114.2M$114.2MQoQ +3.0%year on year +35%+3.0%+35%
- Components$49.2M$49.2MQoQ +65%year on year +86%+65%+86%