Shoals Technologies Group, Inc.

SHLS · XNAS

CIK 1831651fmd_0D534108VPV26CY9TCEG99QH8PManufacturing · Semiconductors & Related DevicesTemplate: Standard

Coverage: Jan 01, 2019 to Sep 30, 2026, 28 periods

Income Statement · Annual · Millions · USD
Line item	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	144	176	213	327	489	399	475
Cost of revenue	100	109	131	196	321	257	309
Gross profit	44	67	83	131	168	142	167
Total operating expenses	17	29	46	65	89	91	110
Operating income	27	37	36	66	79	51	56
Interest expense	2	4	15	19	24	14	10
Interest and investment income	–	–	–	0	0	1	0
Income before taxes	–	–	4	152	55	38	49
Income tax expense	0	0	0	9	12	14	15
Net income from continuing operations	–	–	4	143	43	24	34
Net income	25	34	2	128	40	24	34
Net income to common shareholders	–	–	–	128	40	24	34