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Shoals Technologies Group, Inc. SHLS Business Segments — Non-operating income/(expense)

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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$1.45B+87.2%
Enterprise value$1.48B+64.8%
P/E43.1×+6.5×
P/S2.7×+0.8×

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:NonoperatingIncomeExpense.

The source filing: Shoals Technologies Group, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 7:48 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001831651-26-000083
Line itemThree Months Ended March 31, 20262025
Operating expenses
General and administrative expenses31,01421,693
Depreciation and amortization2,2782,135
Total operating expenses33,29223,828
Income from operations7,7184,312
Non-operating income/(expense) (1)(8,104)(2,297)
Income tax expense89(2,297)
Net loss$(297)$(282)

Item 1. Financial Statements (Unaudited).

FAQ

What is Shoals Technologies Group, Inc.'s business segments — non-operating income/(expense)?
Shoals Technologies Group, Inc. (SHLS) reported business segments — non-operating income/(expense) of -$8.1M in Q1 2026.
How has Shoals Technologies Group, Inc.'s business segments — non-operating income/(expense) changed year-over-year?
Shoals Technologies Group, Inc.'s business segments — non-operating income/(expense) decreased by 252.8% year-over-year, from -$2.3M to -$8.1M.
What is the long-term trend for Shoals Technologies Group, Inc.'s business segments — non-operating income/(expense)?
Over 3 years (2022 to 2025), Shoals Technologies Group, Inc.'s business segments — non-operating income/(expense) has grown at a -54.9% compound annual growth rate (CAGR), from $85.67M to -$7.87M.
What does business segments — non-operating income/(expense) mean?
This captures financial results from activities outside the segment's core operations, such as interest income, interest expense, or one-time gains and losses. It is used to isolate the impact of financing decisions and non-recurring events from the segment's operational performance.

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