SHLS · XBRL financial data

Shoals Technologies Group financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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

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

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	213,212	326,940	488,939	399,208	475,331
Cost of revenue	130,567	195,629	320,635	257,191	308,823
Gross profit	82,645	131,311	168,304	142,017	166,508
General and administrative	37,893	55,908	80,719	82,254	101,524
Total operating expenses	46,413	64,981	89,269	90,845	110,123
Operating income (loss)	36,232	66,330	79,035	51,172	56,385
Interest income	—	0	0	518	305
Interest expense	14,549	18,538	24,100	13,827	9,994
Income tax expense (benefit)	86	8,987	12,274	13,736	14,944
Net income (loss)	2,348	127,611	39,974	24,127	33,574
Earnings per share, basic USD per share	—	1.11	0.24	0.14	0.20
Earnings per share, diluted USD per share	—	0.85	0.24	0.14	0.20
Weighted average shares, basic thousands of shares	—	114,495	164,165	168,570	167,257
Weighted average shares, diluted thousands of shares	—	167,631	164,504	168,725	168,378

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

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	5,006	8,766	22,707	23,511	7,320
Accounts receivable	31,499	50,575	107,118	78,181	128,793
Inventory	38,368	72,854	52,804	55,977	89,878
Total current assets	93,448	153,540	227,186	188,352	257,886
Property and equipment, net	15,574	16,870	24,836	28,222	53,302
Right-of-use asset	—	4,060	2,871	1,786	46,044
Goodwill	69,436	69,941	69,941	69,941	69,941
Total assets	426,414	594,895	843,993	793,080	904,101
Accounts payable	19,985	9,481	14,396	20,032	64,875
Accrued liabilities	9,569	—	—	—	—
Current portion of long-term debt	2,000	2,000	2,000	0	—
Total current liabilities	31,554	52,622	92,630	80,912	127,323
Long-term debt	245,053	237,063	179,445	141,750	—
Lease liability, non-current	—	3,256	2,116	1,235	38,661
Total liabilities	433,912	293,906	298,997	236,280	304,128
Retained earnings (accumulated deficit)	(93,133)	34,478	74,452	98,579	132,153
Total stockholders' equity	2,553	291,374	544,996	556,800	599,973
Total liabilities and equity	426,414	594,895	843,993	793,080	904,101

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

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	2,348	127,611	39,974	24,127	33,574
Stock-based compensation	11,286	16,108	20,862	14,230	9,902
Depreciation and amortization	10,053	10,509	10,529	12,626	13,817
Net cash from operating activities	(4,083)	39,455	91,955	80,388	17,067
Purchases of property and equipment	4,126	3,154	10,578	8,393	33,043
Net cash from investing activities	(17,035)	(3,657)	(10,847)	(8,393)	(27,955)
Proceeds from issuing common stock	281,064	42,943	0	0	—
Share repurchases	—	0	0	25,331	0
Net cash from financing activities	20,602	(36,589)	(67,167)	(71,191)	(5,303)
Net change in cash	(516)	(791)	13,941	804	(16,191)

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.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Shoals Technologies Group	7,674	195,308	not reported	not reported	—	Q3 FY26 10-QSep 30, 2026
Wolfspeed	576,300	149,600*	(54,400)*	53.0M	20.0 quarters	Q4 FY26 10-KJun 28, 2026
Alpha & Omega Semiconductor	180,771	170,371*	(10,040)*	30.3M	18.0 quarters	Q4 FY26 10-KJun 30, 2026
Cerebras Systems	6,742,157	180,110	(59,823)*	not reported	132.4 quarters	Q2 FY26 10-QJun 30, 2026
Lightpath Technologies	93,205	not reported	(5,109)*	70.0M	18.2 quarters	Q4 FY26 10-KJun 30, 2026
Universal Display	93,447	160,432	100,203*	45.0M	—	Q3 FY26 10-QSep 30, 2026
Ichor Holdings	213,503	328,699	(28,826)*	37.6M	8.8 quarters	Q3 FY26 10-QSep 25, 2026
Kimball Electronics	88,925	371,573*	42,430*	24.0M	—	Q4 FY26 10-KJun 30, 2026
indie Semiconductor	138,975	64,009	(28,868)*	not reported	4.8 quarters	Q2 FY26 10-QJun 30, 2026

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