Shoals Technologies (SHLS) Gross Profit (2020 - 2026)

Shoals Technologies has reported Gross Profit for 7 years, with the latest figure at $41.0 million in Q1 2026.

• For the quarter ending Q1 2026, Gross Profit rose 45.74% year-over-year to $41.0 million; the trailing twelve-month figure through Mar 2026 stood at $179.4 million (up 34.17% YoY), and the FY2025 full-year result was $166.5 million, up 17.25% from the prior year.
• Gross Profit for Q1 2026 stood at $41.0 million, down from $46.9 million in the prior quarter.
• The five-year high for Gross Profit was $55.4 million in Q4 2023, with the low at $14.2 million in Q3 2023.
• Historically, Gross Profit has averaged $38.2 million across 5 years, with a median of $40.2 million in 2024.
• Annual changes were most pronounced in 2022 — Gross Profit jumped 153.59% — and 2023, when it slumped 60.75%.
• Shoals Technologies' Gross Profit stood at $40.4 million in 2022, then jumped by 37.15% to $55.4 million in 2023, then decreased by 27.44% to $40.2 million in 2024, then increased by 16.75% to $46.9 million in 2025, then decreased by 12.58% to $41.0 million in 2026.
• The last three Gross Profit figures came in at $41.0 million (Q1 2026), $46.9 million (Q4 2025), and $50.3 million (Q3 2025), per Business Quant data.