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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:ShareBasedCompensation.

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, 2026Three Months Ended March 31, 2025
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization4,1013,287
Amortization/write off of deferred financing costs156156
Equity-based compensation3,3172,661
Provision for obsolete or slow-moving inventory518252
Provision for warranty expense527257
Deferred taxes(89)2,288
Other1,765

Item 1. Financial Statements (Unaudited).

FAQ

What is Shoals Technologies Group, Inc.'s stock-based comp?
Shoals Technologies Group, Inc. (SHLS) reported stock-based comp of $3.32M in Q1 2026.
How has Shoals Technologies Group, Inc.'s stock-based comp changed year-over-year?
Shoals Technologies Group, Inc.'s stock-based comp increased by 24.7% year-over-year, from $2.66M to $3.32M.
What is the long-term trend for Shoals Technologies Group, Inc.'s stock-based comp?
Over 4 years (2021 to 2025), Shoals Technologies Group, Inc.'s stock-based comp has grown at a -3.2% compound annual growth rate (CAGR), from $11.29M to $9.9M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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