Shoals Technologies Group, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $475.3M | $399.2M | $488.9M | $326.9M | $213.2M |
| Gross profit | $166.5M | $142.0M | $168.3M | $131.3M | $82.6M |
| Operating income | $56.4M | $51.2M | $79.0M | $66.3M | $36.2M |
| Operating expenses | $110.1M | $90.8M | $89.3M | $65.0M | $46.4M |
| Cost of revenue | $308.8M | $257.2M | $320.6M | $195.6M | $130.6M |
| Cash from operations | $17.1M | $80.4M | $92.0M | $39.5M | -$4.1M |
| Capital expenditure | $33.0M | $8.4M | $10.6M | $3.2M | $4.1M |
| Free cash flow | -$16.0M | $72.0M | $81.4M | $36.3M | -$8.2M |
| Share repurchases | $0 | $25.3M | $0 | $0 | $281.1M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $904.1M | $793.1M | $844.0M | $594.9M | $426.4M |
| Total liabilities | $304.1M | $236.3M | $299.0M | $293.9M | $433.9M |
| Total debt | $136.8M | $141.8M | $183.8M | $243.2M | $252.4M |
Shares outstanding 167.8M · Free float 95.6%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.