Income Statement

SHOALS TECHNOLOGIES GROUP, INC.

SHLS
Annual
Performance Overview Click any row in the table to add it to this chart
in millions USD
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY
Revenue
475.33 399.21 488.94 326.94 213.21
Cost of Revenue
308.82 257.19 320.64 195.63 130.57
Gross Profit
166.51 142.02 168.30 131.31 82.65
Operating Expenses
110.12 90.85 89.27 64.98 46.41
Research & Development
- - - - -
Selling, General & Administrative
101.52 82.25 80.72 55.91 37.89
Other Operating Expenses
- - - - -
Operating Income
56.39 51.17 79.04 66.33 36.23
Non-Operating Income
-7.87 -13.31 - - -
Interest Income
0.31 0.52 - - -
Interest Expense
- - 24.10 18.54 14.55
Other Non-Op Income / Expense
- - - - -
Income Before Tax
48.52 37.86 54.94 152.00 4.03
Income Tax Expense
14.94 13.74 12.27 8.99 0.09
Non-Controlling Interest
0.00 0.00 2.69 15.40 1.60
Net Income
33.57 24.13 39.97 127.61 2.35
Supplemental Per share data, derived & other items — not part of the income statement
in millions USD unless noted
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY
Depreciation & Amortization
- - - - -
EBITDA
64.98 59.76 87.59 75.40 44.75
Earnings Per Share (Basic)
0.20 0.14 0.24 1.11 0.00
Diluted EPS
0.20 0.14 0.24 0.85 0.00
Weighted Average Shares
167.26 168.57 164.17 114.50 99.27
Diluted Weighted Avg Shares
168.38 168.73 164.50 167.63 99.27
Comprehensive Income
- - - - -