Name: SHLS Income Statement - Shoals Technologies Group. Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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SHLS - Shoals Technologies Group. Inc.

USD | NASDAQ | Technology

SHLS Income Statement - Shoals Technologies Group. Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20
Revenues
Revenues	140.6	148.3	135.8	110.8	80.4	107.0	102.2	99.2	90.8	130.4	134.2	119.2	105.1	94.7	90.8	73.5

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenues
Revenues	535.5	475.3	399.2	488.9	326.9	213.2	175.5	144.5
Cost of Revenue	356.1	308.8	257.2	320.6	195.6	130.6	109.0	100.3
Gross Profit	179.4	166.5	142.0	168.3	131.3	82.6	66.5	44.2
Operating Expenses
Research & Development	-	-	-	-	-	-	-	-
Selling General & Administrative	-	-	-	-	-
Operating Income
Operating Income	59.8	56.4	51.2	79.0	66.3	36.2	37.3	26.9
Non-Operating
Interest Income	0.2	0.3	0.5	0.0	0.0	-	-	-
Interest Expense	10.5	10.0	13.8	24.1	18.5	14.5
Tax & Net
Income Tax Expense	12.6	14.9	13.7	12.3	9.0	0.1	0.0	0.0
Net Income From Continuing Ops	33.6	33.6	24.1	42.7	143.0
Per Share
EPS Basic	0.20	0.20	0.14	0.24	1.11	-	-	-
EPS Diluted	0.20	0.20	0.14	0.24	0.85	-
Supplementary Data
EBITDA	74.4	70.2	63.8	89.6	76.8	46.3	46.7	36.1
EBIT	59.8	56.4	51.2	79.0	66.3	36.2	37.3

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General & Administrative	31.0	27.3	29.4	23.1	21.7	21.5	18.7	19.2	22.8	21.5	22.6	16.7	20.0	14.9	13.9	13.3	13.9
Depreciation & Amortization	4.1	6.2	2.2	2.1	3.3	5.3	2.1	2.2	3.0	3.7	2.2	2.2	2.5	3.2	2.2	2.3
Amortization of Intangibles	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	2.0	2.0	2.0	2.1	2.1	2.2	2.3
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	33.3	29.5	31.6	25.2	23.8	23.7	20.9	21.4	24.9	23.5	24.7	18.9	22.2	17.0	16.1	15.6

Operating Income
Operating Income	7.7	17.4	18.7	16.0	4.3	16.5	4.5	18.6	11.6	31.9	(10.6)	31.6	26.1	23.4	20.0	13.0	10.0	2.7	9.6	14.1	9.9	7.2	15.1	5.4	9.6

Tax & Net
Income Tax Expense	(0.1)	5.5	4.0	3.1	2.3	5.9	1.7	3.7	2.4	9.6	(6.6)	6.2	3.1	3.5	2.5	1.5	1.5	3.2	(1.3)	(0.3)	(1.5)	0.0	0.0	0.0	0.0
Net Income From Continuing Ops	(0.3)	8.1	11.9	13.9	(0.3)	7.8	(0.3)	11.8	4.8	16.6	(9.8)	18.9	17.0	118.3	12.8	7.3	4.6
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	(0.3)	8.1	11.9	13.9	(0.3)	7.8	(0.3)	11.8	4.8	16.6	(9.8)	18.9	17.0	118.3	12.8	7.3	4.6
Net Income Attributable To Parent	(0.3)	8.1	11.9	13.9	(0.3)	7.8	(0.3)	11.8	4.8	16.6	(9.8)	18.9	14.3	112.6	8.0	4.4
Less: Minority Interest	-	-	-	-	-	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.7	5.7	4.8	2.9	2.0	(0.3)
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	(0.3)	8.1	11.9	13.9	(0.3)	7.8	(0.3)	11.8	4.8	16.6	(9.8)	18.9	14.3	112.6	8.0

Per Share
EPS Basic	0.00	-	0.07	0.08	0.00	-	0.00	0.07	0.03	-	(0.06)	0.11	0.10	-	0.07	0.04	0.02	-	0.02	0.05	-	-	-	-	-
EPS Diluted	0.00	-	0.07	0.08	0.00	-	0.00	0.07	0.03	-	(0.06)	0.11	0.10	-	0.07	0.04	0.02	-
Shares Basic	167.6	-	167.4	167.3	167.0	-	167.3	170.0	170.3	-	170.0	169.9	146.4	-	113.0	112.5	112.2	-
Shares Diluted	167.6	-	168.8	167.6	167.0	-	167.4	170.1	170.5	-	170.0	170.2	147.1	-	113.6	112.6	112.2	-

Supplementary Data
EBITDA	11.8	23.6	20.8	18.1	7.6	21.8	6.6	20.8	14.6	35.6	(8.4)	33.8	28.6	26.6	22.2	15.3	12.7	6.1	11.7	16.2	12.3	10.1	17.2	7.5	11.9
EBIT	7.7	17.4	18.7	16.0	4.3	16.5	4.5	18.6	11.6	31.9	(10.6)	31.6	26.1	23.4	20.0	13.0	10.0	2.7	9.6