NASDAQ:SHLS
Shoals Technologies Group, Inc.
Shoals Technologies Group, Inc.'s revenue grew 19.1% in fiscal 2025 to $475.3M while operating margin fell to 11.9%, its lowest in 7 years. Free cash flow was −$16.0M, −3.4% of revenue.Summary generated from Shoals Technologies Group, Inc.'s SEC filings. Latest annual report filed Feb 24, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$475.3M
Revenue growth+19.1%
Revenue, 5-yr CAGR+22.0%
Gross margin35.0%
Operating margin11.9%
Net margin7.1%
ROICn/a
Return on equity5.8%
Debt / equityn/a
Free cash flow−$16.0M
FCF margin−3.4%
Share count change−0.2%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 213 | 327 | 489 | 399 | 475 |
| Operating income | 36 | 66 | 79 | 51 | 56 |
| Net income | 2 | 128 | 40 | 24 | 34 |
| Free cash flow | −8 | 36 | 81 | 72 | −16 |
Recent filings
- 4Insider transaction report
Sep 11, 2026 - 8-KEntry into a material agreement
Aug 31, 2026 - 4Insider transaction report
Aug 14, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 4, 2026 - 8-KResults of operations and financial condition
Aug 4, 2026 - 8-K/AAmended entry into a material agreement
Jun 12, 2026 - 8-KEntry into a material agreement
Jun 12, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 5, 2026