Shoals Technologies Group, Inc. Income Statement
SHLS / Information Technology|7 years of annual SEC 10-K data (FY2019-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 7 fiscal years. All figures from audited SEC 10-K filings.
Shoals Technologies Group, Inc. reported $475M in revenue and $34M in net income for FY2025. Revenue has grown at a 22.0% compound annual rate over the past 6 years.
Based on SEC 10-K filings.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $475.3M | $399.2M | $213.2M | $175.5M | $144.5M | $175.5M | $144.5M |
| Cost of Revenue | $308.8M | $257.2M | $130.6M | $109.0M | $100.3M | $109.0M | $100.3M |
| Gross Profit | $166.5M | $142.0M | $82.6M | $66.5M | $44.2M | $66.5M | $44.2M |
| SG&A Expense | $101.5M | $82.3M | $37.9M | $21.0M | $9.1M | $21.0M | $9.1M |
| Operating Income | $56.4M | $51.2M | $36.2M | $37.3M | $26.9M | $37.3M | $26.9M |
| Interest Expense | - | - | $14.5M | $3.5M | $1.8M | $3.5M | $1.8M |
| Income Tax | $14.9M | $13.7M | $86.0K | $0 | $0 | $0 | $0 |
| Net Income | $33.6M | $24.1M | $2.3M | $33.8M | $25.1M | $33.8M | $25.1M |
| EPS (Basic) | $0.24 | $1.11 | $0.00 | $0.00 | $0.00 | - | - |
| EPS (Diluted) | $0.24 | $0.85 | $0.00 | $0.00 | $0.00 | - | - |
| Shares Outstanding | 164.5M | 167.6M | 99.3M | 99.3M | 99.3M | - | - |
| Gross Margin | 35.0% | 35.6% | 38.8% | 37.9% | 30.6% | 37.9% | 30.6% |
| Operating Margin | 11.9% | 12.8% | 17.0% | 21.2% | 18.6% | 21.2% | 18.6% |
| Profit Margin | 7.1% | 6.0% | 1.1% | 19.2% | 17.4% | 19.2% | 17.4% |