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Shoals Technologies Group, Inc. SHLS System solutions — 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$1.71B+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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 system solutions — revenue?
Shoals Technologies Group, Inc. (SHLS) reported system solutions — revenue of $110.82M in Q1 2026.
How has Shoals Technologies Group, Inc.'s system solutions — revenue changed year-over-year?
Shoals Technologies Group, Inc.'s system solutions — revenue increased by 93.1% year-over-year, from $57.39M to $110.82M.
What is the long-term trend for Shoals Technologies Group, Inc.'s system solutions — revenue?
Over 4 years (2021 to 2025), Shoals Technologies Group, Inc.'s system solutions — revenue has grown at a 24.5% compound annual growth rate (CAGR), from $155.82M to $374.22M.
What does system solutions — revenue mean?
This metric represents the total revenue generated from the sale of electrical balance of system (EBOS) components and integrated solutions for solar energy projects. It reflects the company's ability to capture market demand for the critical infrastructure required to transmit electricity from solar arrays to inverters. Tracking this revenue stream provides insight into the company's core commercial performance within the renewable energy construction supply chain.