Shoals Technologies (SHLS) Operating Income (2020 - 2026)

Shoals Technologies has reported Operating Income for 7 years, with the latest figure at $7.7 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Income rose 78.99% year-over-year to $7.7 million; the trailing twelve-month figure through Mar 2026 stood at $59.8 million (up 36.2% YoY), and the FY2025 full-year result was $56.4 million, up 10.19% from the prior year.
• Operating Income for Q1 2026 stood at $7.7 million, down from $17.4 million in the prior quarter.
• The five-year high for Operating Income was $31.9 million in Q4 2023, with the low at -$10.6 million in Q3 2023.
• Historically, Operating Income has averaged $15.3 million across 5 years, with a median of $16.5 million in 2024.
• Annual changes were most pronounced in 2022 — Operating Income soared 772.16% — and 2023, when it sank 152.95%.
• Shoals Technologies' Operating Income stood at $23.4 million in 2022, then soared by 36.35% to $31.9 million in 2023, then plunged by 48.28% to $16.5 million in 2024, then climbed by 5.59% to $17.4 million in 2025, then plunged by 55.65% to $7.7 million in 2026.
• The last three Operating Income figures came in at $7.7 million (Q1 2026), $17.4 million (Q4 2025), and $18.7 million (Q3 2025), per Business Quant data.