What is Shoals Technologies Group, Inc.'s net income?

Shoals Technologies Group, Inc. (SHLS) reported net income of -$297K in Q1 2026.

How has Shoals Technologies Group, Inc.'s net income changed year-over-year?

Shoals Technologies Group, Inc.'s net income decreased by 5.3% year-over-year, from -$282K to -$297K.

What is the long-term trend for Shoals Technologies Group, Inc.'s net income?

Over 4 years (2021 to 2025), Shoals Technologies Group, Inc.'s net income has grown at a 16.3% compound annual growth rate (CAGR), from $18.37M to $33.57M.

What does net income mean?

Net income as the starting point for the indirect method operating cash flow reconciliation.

Shoals Technologies Group, Inc. SHLS Net Income

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Segments

By segment

See full

EBOS Solutions and Components-$297K-5.3%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow-$41.4M-366%

CapEx$7.6M+138%

Free cash flow-$49.1M-498%

Valuation

See full

Market cap$1.72B+98.9%

Enterprise value$1.76B+72.4%

P/E51.4×+5.9×

P/S3.2×+1.0×

Profitability

See full

Gross margin33.5%-0.9pp

Operating margin11.2%-0.1pp

Net margin6.3%+1.4pp

FCF margin3%-17.7pp

Returns & leverage

See full

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:NetIncomeLoss.

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 net income?: Shoals Technologies Group, Inc. (SHLS) reported net income of -$297K in Q1 2026.
How has Shoals Technologies Group, Inc.'s net income changed year-over-year?: Shoals Technologies Group, Inc.'s net income decreased by 5.3% year-over-year, from -$282K to -$297K.
What is the long-term trend for Shoals Technologies Group, Inc.'s net income?: Over 4 years (2021 to 2025), Shoals Technologies Group, Inc.'s net income has grown at a 16.3% compound annual growth rate (CAGR), from $18.37M to $33.57M.
What does net income mean?: Net income as the starting point for the indirect method operating cash flow reconciliation.