Shoals Technologies (SHLS) Cost of Revenue (2020 - 2026)

Shoals Technologies (SHLS) has 7 years of Cost of Revenue data on file, last reported at $99.5 million in Q1 2026.

• Quarterly Cost of Revenue rose 90.63% year-over-year to $99.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $356.1 million (up 39.63% YoY) and the FY2025 annual result came in at $308.8 million, up 20.08% from the prior year.
• Cost of Revenue declined to $99.5 million in Q1 2026, from $101.4 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $120.1 million in Q3 2023 to a low of $41.7 million in Q1 2022.
• A 5-year average of $69.5 million and a median of $66.8 million in 2024 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2023 — Cost of Revenue jumped 119.18% — and 2024, when it tumbled 36.04%.
• Tracing SHLS's Cost of Revenue over 5 years: stood at $54.3 million in 2022, then surged by 38.3% to $75.1 million in 2023, then slipped by 11.0% to $66.8 million in 2024, then jumped by 51.81% to $101.4 million in 2025, then fell by 1.84% to $99.5 million in 2026.
• The last three Cost of Revenue figures came in at $99.5 million (Q1 2026), $101.4 million (Q4 2025), and $85.6 million (Q3 2025), per Business Quant data.