Shoals Technologies (SHLS) Net Income (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Net Income came in at -$297000.0 in Q1 2026, down 5.32% YoY from -$313685.4 in Q1 2025, and down 103.66% on a QoQ basis from $8.1 million in Q4 2025.
Shoals Technologies (SHLS) Net Income (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Net Income data on file, last reported at -$297000.0 in Q1 2026.
- Quarterly Net Income fell 5.32% year-over-year to -$297000.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $33.6 million (up 75.97% YoY) and the FY2025 annual result came in at $33.6 million, up 39.16% from the prior year.
- Net Income declined to -$297000.0 in Q1 2026, from $8.1 million in the prior quarter.
- In the past five years, Net Income ranged from a high of $118.3 million in Q4 2022 to a low of -$9.8 million in Q3 2023.
- A 5-year average of $14.3 million and a median of $8.1 million in 2025 frame the typical range for Net Income.
- Annual changes were most pronounced in 2022 — Net Income surged 5597.3% — and 2023, when it slumped 177.03%.
- Tracing SHLS's Net Income over 5 years: stood at $118.3 million in 2022, then slumped by 85.98% to $16.6 million in 2023, then plunged by 52.85% to $7.8 million in 2024, then gained by 3.89% to $8.1 million in 2025, then tumbled by 103.66% to -$297000.0 in 2026.
- The last three Net Income figures came in at -$297000.0 (Q1 2026), $8.1 million (Q4 2025), and $11.9 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 422.57 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 165.36 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 36.08 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | -208.17 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -30.75 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 12.14 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 130.80 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | -228.75 Mn |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 24.32 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 39.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.14 Mn |
| Mar 31, 2026 | -297,000.00 |
| Dec 31, 2025 | 8.12 Mn |
| Sep 30, 2025 | 11.88 Mn |
| Jun 30, 2025 | 13.86 Mn |
| Mar 31, 2025 | -282,000.00 |
| Dec 31, 2024 | 7.82 Mn |
| Sep 30, 2024 | -267,000.00 |
| Jun 30, 2024 | 11.80 Mn |
| Mar 31, 2024 | 4.77 Mn |
| Dec 31, 2023 | 16.58 Mn |
| Sep 30, 2023 | -9.83 Mn |
| Jun 30, 2023 | 18.92 Mn |
| Mar 31, 2023 | 16.98 Mn |
| Dec 31, 2022 | 118.30 Mn |
| Sep 30, 2022 | 12.76 Mn |
| Jun 30, 2022 | 7.30 Mn |
| Mar 31, 2022 | 4.65 Mn |
| Dec 31, 2021 | -2.15 Mn |
| Sep 30, 2021 | 5.28 Mn |