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Contract Assets at other companies

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Array Technologies, Inc.ARRY
$110.5M+11.1%
Nextpower Inc.
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Nextpower Inc. NXT
$533.26M+31.4%
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Quanta ServicesPWR
$1.61B+27.9%
Enphase Energy logo
Enphase EnergyENPH
$35.66M
Ameresco logo
AmerescoAMRC
$781.99M+39.9%
Hubbell logo
HubbellHUBB
$57.3M+23.0%

Other financials

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

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Market cap$1.71B+98.9%
Enterprise value$1.75B+72.4%
P/E51×+5.9×
P/S3.2×+1.0×

Profitability

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Gross margin33.5%-0.9pp
Operating margin11.2%-0.1pp
Net margin6.3%+1.4pp
FCF margin3%-17.7pp

Returns & leverage

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

Where this comes from

Reported directly by Shoals Technologies Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Shoals Technologies Group, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Shoals Technologies Group, Inc.'s contract assets?
Shoals Technologies Group, Inc. (SHLS) reported contract assets of $15.14M in Q1 2026.
How has Shoals Technologies Group, Inc.'s contract assets changed year-over-year?
Shoals Technologies Group, Inc.'s contract assets increased by 45.5% year-over-year, from $10.41M to $15.14M.
What is the long-term trend for Shoals Technologies Group, Inc.'s contract assets?
Over 5 years (2020 to 2025), Shoals Technologies Group, Inc.'s contract assets has grown at a 42.3% compound annual growth rate (CAGR), from $3.79M to $22.13M.
What does contract assets mean?
Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.