What is Shoals Technologies Group, Inc.'s unbilled balances?

Shoals Technologies Group, Inc. (SHLS) reported unbilled balances of $15.14M in Q1 2026.

How has Shoals Technologies Group, Inc.'s unbilled balances changed year-over-year?

Shoals Technologies Group, Inc.'s unbilled balances 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 unbilled balances?

Over 4 years (2021 to 2025), Shoals Technologies Group, Inc.'s unbilled balances has grown at a 13.2% compound annual growth rate (CAGR), from $13.5M to $22.13M.

Shoals Technologies Group, Inc. SHLS Unbilled balances

Unbilled balances at other companies

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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:UnbilledContractsReceivable.

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 unbilled balances?: Shoals Technologies Group, Inc. (SHLS) reported unbilled balances of $15.14M in Q1 2026.
How has Shoals Technologies Group, Inc.'s unbilled balances changed year-over-year?: Shoals Technologies Group, Inc.'s unbilled balances 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 unbilled balances?: Over 4 years (2021 to 2025), Shoals Technologies Group, Inc.'s unbilled balances has grown at a 13.2% compound annual growth rate (CAGR), from $13.5M to $22.13M.