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Shoals Technologies Group, Inc. SHLS Business Segments — Operating Expenses

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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$1.5B+101%
Enterprise value$1.54B+76.2%
P/E44.8×+9.4×
P/S2.8×+0.9×

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:OperatingExpenses.

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 — operating expenses?
Shoals Technologies Group, Inc. (SHLS) reported business segments — operating expenses of $33.29M in Q1 2026.
How has Shoals Technologies Group, Inc.'s business segments — operating expenses changed year-over-year?
Shoals Technologies Group, Inc.'s business segments — operating expenses increased by 39.7% year-over-year, from $23.83M to $33.29M.
What is the long-term trend for Shoals Technologies Group, Inc.'s business segments — operating expenses?
Over 3 years (2022 to 2025), Shoals Technologies Group, Inc.'s business segments — operating expenses has grown at a 19.2% compound annual growth rate (CAGR), from $64.98M to $110.12M.
What does business segments — operating expenses mean?
This encompasses the total costs required to run the day-to-day operations of the segment, excluding the direct cost of goods sold. It includes administrative, research, and general overhead, serving as a measure of the segment's operational cost structure.

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