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

Shoals Technologies' Cost of Revenue history runs 7 years deep, the most recent figure standing at $99.5 million for 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 was $99.5 million for Q1 2026 at Shoals Technologies, down from $101.4 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $120.1 million in Q3 2023 and bottomed at $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 slumped 36.04%.
• Shoals Technologies' Cost of Revenue stood at $54.3 million in 2022, then jumped by 38.3% to $75.1 million in 2023, then declined by 11.0% to $66.8 million in 2024, then soared by 51.81% to $101.4 million in 2025, then decreased by 1.84% to $99.5 million in 2026.
• Business Quant data shows SHLS's Cost of Revenue at $99.5 million in Q1 2026, $101.4 million in Q4 2025, and $85.6 million in Q3 2025.