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Shoals Technologies Group, Inc. SHLS Shipping and Handling — Cost of revenue

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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+101%
Enterprise value$1.48B+76.2%
P/E43.1×+9.1×
P/S2.7×+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:CostOfRevenue.

The source filing: Shoals Technologies Group, Inc.’s 10-K, filed February 24, 2026.

Filed
Feb 24, 2026, 7:52 AM EST
Fiscal year
FY2025
Accession
0001831651-26-000021

The Company accounts for shipping and handling related to contracts with customers as costs to fulfill its promise to transfer the associated products. Accordingly, payment by the Company’s customers for shipping and handling costs for delivery of the Company’s products are recorded as a component of revenue in the accompanying consolidated statements of operations. Shipping and handling expenses are included as a component of cost of revenue as incurred and totaled $5.3 million, $4.6 million and $5.2 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Shoals Technologies Group, Inc.'s shipping and handling — cost of revenue?
Shoals Technologies Group, Inc. (SHLS) reported shipping and handling — cost of revenue of $1.33M in Q4 2025.
How has Shoals Technologies Group, Inc.'s shipping and handling — cost of revenue changed year-over-year?
Shoals Technologies Group, Inc.'s shipping and handling — cost of revenue increased by 15.2% year-over-year, from $1.15M to $1.33M.
What is the long-term trend for Shoals Technologies Group, Inc.'s shipping and handling — cost of revenue?
Over 4 years (2021 to 2025), Shoals Technologies Group, Inc.'s shipping and handling — cost of revenue has grown at a 0.5% compound annual growth rate (CAGR), from $5.2M to $5.3M.
What does shipping and handling — cost of revenue mean?
This metric represents the direct costs associated with the logistics, freight, and delivery of electrical balance of system components to solar project sites. It captures the expenses incurred to transport products from manufacturing or distribution facilities to engineering, procurement, and construction firms. Monitoring this cost helps assess the efficiency of the company's supply chain and the impact of logistics volatility on overall gross margins.

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