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SHLS · XBRL financial data

Shoals Technologies Group financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (SHLS's year ends in late December)

In millions of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Revenue from contracts with customers134130*9199102107*80111136148*141163
Cost of revenue12075*54597767*527086101*100114
Gross profit1455*36402540*28415047*4150
General and administrative2321*23191922*22232927*3128
Total operating expenses2524*25212124*24253230*3331
Operating income (loss)(11)32*1219516*4161917*819
Interest income—year only0000*0000*00
Interest expense66*4333*2233*33
Income tax expense (benefit)(7)10*2426*2346*(0)3
Net income (loss)(10)17*512(0)8*(0)14128*(0)12
Earnings per share, basic USD per share(0.06)0.10*0.030.070.000.05*0.000.080.070.05*0.000.07
Earnings per share, diluted USD per share(0.06)0.10*0.030.070.000.05*0.000.080.070.05*0.000.07
Weighted average shares, basic millions of shares170170*170170167167*167167167167*168168
Weighted average shares, diluted millions of shares170170*171170167167*167168169170*168170

Balance sheet

CSV

Fiscal quarters (SHLS's year ends in late December)

In millions of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Cash and cash equivalents923153112436597216
Accounts receivable10910710392957868103117129129135
Inventory61536060665661576090159185
Total current assets214227208177191188188190201258383369
Property and equipment, net232526272828304249535963
Right-of-use asset—3———2——47464544
Goodwill707070707070707070707070
Total assets8408448257888017937887958529041,0311,017
Accounts payable171416162420272934658066
Current portion of long-term debt220000000———
Total current liabilities849380789281808192127208164
Long-term debt188179169147142142142132127———
Lease liability, non-current—2———1——39393837
Total liabilities316299271244256236229220262304429400
Retained earnings58747991919998112124132132144
Total stockholders' equity525545554545545557559575590600602617
Total liabilities and equity8408448257888017937887958529041,0311,017

Cash flows

CSV

Fiscal quarters (SHLS's year ends in late December)

In millions of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Net income (loss)(10)17*512(0)8*(0)14128*(0)12
Stock-based compensation5*4*54*1*4*33*2*2*34*
Depreciation and amortization3*3*33*3*3*33*3*4*45*
Net cash from operating activities28*26*1338*16*14*16(14)*19*(4)*(41)7*
Purchases of property and equipment3*3*22*2*2*312*10*7*87*
Net cash from investing activities(4)*(3)*(2)(2)*(2)*(2)*(3)(7)*(10)*(7)*(8)(7)*
Proceeds from issuing common stock—year only———year only——————
Share repurchases0*0*——0*0*——0*0*——
Net cash from financing activities(21)*(10)*(18)(48)*(5)*(0)*(0)(10)*(5)*10*4414*
Net change in cash3*13*(7)(12)*8*12*12(31)*4*(1)*(5)14*

Compare with peers

SIC 3674 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 3674 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • Runway shows only for companies burning cash with under $10B of public float.
  • * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
  • A cell reading “not reported” means the filings give no figure for that quarter alone.
CompanyCash ($M)Revenue, quarter ($M)Operating cash flow, quarter ($M)Shares outstandingRunwayQuarter
Shoals Technologies Group7.7195not reportednot reported— 10-QSep 30, 2026
Wolfspeed576150*(54)*53.0M20.0 quarters 10-KJun 28, 2026
Alpha & Omega Semiconductor181170*(10)*30.3M18.0 quarters 10-KJun 30, 2026
Cerebras Systems6,742180(60)*not reported132.4 quarters 10-QJun 30, 2026
Lightpath Technologies93not reported(5.1)*70.0M18.2 quarters 10-KJun 30, 2026
Universal Display93160100*45.0M— 10-QSep 30, 2026
Ichor Holdings214329(29)*37.6M8.8 quarters 10-QSep 25, 2026
Kimball Electronics89372*42*24.0M— 10-KJun 30, 2026
indie Semiconductor13964(29)*not reported4.8 quarters 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.