Shoals Technologies (SHLS) Cost of Revenue (2020 - 2026)
Shoals Technologies' Cost of Revenue was $113.85 million in Q2 2026, up 63.5% from $69.64 million a year earlier and up 14.4% from the prior quarter.
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Shoals Technologies (SHLS) Cost of Revenue (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Shoals Technologies' Cost of Revenue was $400.36 million through Jun 30, 2026, up 50.8% year-over-year; for FY2025, it came in at $308.82 million, up 20.1% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of 23.2% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $257.19 million in FY2024 (-19.8%), $320.64 million in FY2023 (+63.9%), $195.63 million in FY2022 (+49.8%) and $130.57 million in FY2021 (+19.8%).
- The Q2 2026 figure marks the highest quarterly Cost of Revenue since Q3 2023.
- Compared with a year earlier, Cost of Revenue has increased for five straight quarters, with growth averaging 23.0% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was Q3 2023 (growth of 119.2%); the worst was Q3 2024 (a decline of 36.0%).
- Per Business Quant data, SHLS's Cost of Revenue in the three quarters before Q2 2026 was $99.55 million (Q1 2026), $101.41 million (Q4 2025) and $85.55 million (Q3 2025).
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Shoals Technologies Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "SHLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();