Shoals Technologies (SHLS) Gross Profit (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Gross Profit came in at $41.0 million in Q1 2026, up 45.74% YoY from $28.1 million in Q1 2025, and down 12.58% on a QoQ basis from $46.9 million in Q4 2025.
Shoals Technologies (SHLS) Gross Profit (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Gross Profit data on file, last reported at $41.0 million in Q1 2026.
- Quarterly Gross Profit rose 45.74% year-over-year to $41.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $179.4 million (up 34.17% YoY) and the FY2025 annual result came in at $166.5 million, up 17.25% from the prior year.
- Gross Profit retreated to $41.0 million in Q1 2026, from $46.9 million in the prior quarter.
- In the past five years, Gross Profit ranged from a high of $55.4 million in Q4 2023 to a low of $14.2 million in Q3 2023.
- A 5-year average of $38.2 million and a median of $40.2 million in 2024 frame the typical range for Gross Profit.
- Annual changes were most pronounced in 2022 — Gross Profit jumped 153.59% — and 2023, when it slumped 60.75%.
- Tracing SHLS's Gross Profit over 5 years: 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.
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