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Shoals Technologies (SHLS) Cost Of Revenue (2019 - 2025)

Shoals Technologies (SHLS) has disclosed Cost of Revenue for 6 consecutive years, with $101.4 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue rose 51.81% year-over-year to $101.4 million, compared with a TTM value of $308.8 million through Dec 2025, up 20.08%, and an annual FY2025 reading of $308.8 million, up 20.08% over the prior year.
  • Cost of Revenue was $101.4 million for Q4 2025 at Shoals Technologies, up from $85.6 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $120.1 million in Q3 2023 and bottomed at $26.8 million in Q1 2021.
  • Average Cost of Revenue over 5 years is $60.6 million, with a median of $55.8 million recorded in 2022.
  • The sharpest move saw Cost of Revenue surged 119.18% in 2023, then plummeted 36.04% in 2024.
  • Year by year, Cost of Revenue stood at $32.1 million in 2021, then soared by 68.95% to $54.3 million in 2022, then skyrocketed by 38.3% to $75.1 million in 2023, then decreased by 11.0% to $66.8 million in 2024, then soared by 51.81% to $101.4 million in 2025.
  • Business Quant data shows Cost of Revenue for SHLS at $101.4 million in Q4 2025, $85.6 million in Q3 2025, and $69.6 million in Q2 2025.