Growth Metrics

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

Shoals Technologies posted quarterly Gross Profit of $41.0 million for Q1 2026, up 45.74% year-on-year 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) has 7 years of Gross Profit data on file, last reported 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.
  • Across five years, Gross Profit topped out at $55.4 million in Q4 2023 and bottomed at $14.2 million in Q3 2023.
  • The 5-year median for Gross Profit is $40.2 million (2024), against an average of $38.2 million.
  • The widest annual swing landed in 2022, when Gross Profit jumped 153.59%; it then plunged 60.75% in 2023.
  • A 5-year view of Gross Profit shows it stood at $40.4 million in 2022, then surged by 37.15% to $55.4 million in 2023, then slipped by 27.44% to $40.2 million in 2024, then rose by 16.75% to $46.9 million in 2025, then slipped 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.