The financials
Shoals Technologies Group, Inc. by the numbers
Shoals Technologies Group, Inc. (SHLS) reported revenue of $141M in Q1 2026 (quarter ended March 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 2026-Q1 was System Solutions at $111M, 79% of the disclosed total, just ahead of Components at 21%.
| 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 | $111M | 79% |
| Components | $30M | 21% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $140.6M (+3.5%)
System Solutions grew +93% year on yearComponents +29% year on year
Segment Latestquarter on quarteryear on year
- System Solutions$110.8M$110.8MQoQ +0.38%year on year +93%+0.38%+93%
- Components$29.7M$29.7MQoQ +17%year on year +29%+17%+29%