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Shoals Technologies Group, Inc. SHLS Q1 2026 earnings

Reported May 5, 2026 · Before market open

Revenue$140.6MBeat by $11.4M
EPS$0.07Beat by $0.01
Revenue estimate$129.2M
EPS estimate$0.06

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$162.0M
EPS estimate$0.12

Financials

Q1 2026

Income statement

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Revenue$140.6M+74.9%
Gross profit$41.0M+45.7%
Operating income$7.7M+79.0%
Net income-$297.0K-5.3%
EPS (diluted)$0.00—

Balance sheet

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Cash & equivalents$1.9M-94.7%
Total debt$37.8M-73.3%
Total equity$601.6M+7.6%
Total assets$1.0B+30.8%

Cash flow

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Operating cash flow-$41.4M-366%
CapEx$7.6M+138%
Free cash flow-$49.1M-498%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$1.1B+98.9%
Enterprise value$1.14B+72.4%
P/E32.9×+3.8×
P/S2.1×+0.6×

Profitability

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Gross margin33.5%-0.9pp
Operating margin11.2%-0.1pp
Net margin6.3%+1.4pp

Returns & leverage

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Return on equity5.8%+2.4pp
Debt / equity0.1×-0.2×
Current ratio1.8×-0.5×

FAQ

When did Shoals Technologies Group, Inc. report Q1 2026 earnings?
Shoals Technologies Group, Inc. (SHLS) reported Q1 2026 earnings on May 5, 2026 before market open.
What were Shoals Technologies Group, Inc.'s Q1 2026 revenue and EPS?
Shoals Technologies Group, Inc. reported revenue of $140.6M and eps of $0.07 for Q1 2026.
Did Shoals Technologies Group, Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $129.2M by $11.4M. EPS beat the consensus estimate of $0.06 by $0.01.
How did Shoals Technologies Group, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 74.9% from $80.4M a year earlier and eps grew 133.3% from $0.03.
Where can I find Shoals Technologies Group, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001831651-26-000080) and the 10-Q periodic report (0001831651-26-000083) directly on SEC EDGAR. The filing index links above go to sec.gov.