Shoals Technologies (SHLS) Revenue (2020 - 2026)

Shoals Technologies (SHLS) reported Revenue of $140.6 million for Q1 2026, up 74.91% on a YoY basis from $80.4 million in Q1 2025, and down 5.24% quarter-over-quarter from $148.3 million in Q4 2025.

Shoals Technologies (SHLS) Revenue (2020 - 2026) Analysis & Trends

Shoals Technologies has reported Revenue for 7 years, with the latest figure at $140.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Revenue rose 74.91% year-over-year to $140.6 million; the trailing twelve-month figure through Mar 2026 stood at $535.5 million (up 37.75% YoY), and the FY2025 full-year result was $475.3 million, up 19.07% from the prior year.
  • Revenue for Q1 2026 stood at $140.6 million, down from $148.3 million in the prior quarter.
  • The five-year high for Revenue was $148.3 million in Q4 2025, with the low at $68.0 million in Q1 2022.
  • Historically, Revenue has averaged $107.7 million across 5 years, with a median of $105.1 million in 2023.
  • Annual changes were most pronounced in 2022 — Revenue jumped 97.0% — and 2024, when it dropped 23.88%.
  • Shoals Technologies' Revenue stood at $94.7 million in 2022, then soared by 37.81% to $130.4 million in 2023, then decreased by 17.98% to $107.0 million in 2024, then soared by 38.64% to $148.3 million in 2025, then slipped by 5.24% to $140.6 million in 2026.
  • The last three Revenue figures came in at $140.6 million (Q1 2026), $148.3 million (Q4 2025), and $135.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 1.04 Bn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 880.52 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 282.90 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 310.50 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 722.23 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 140.56 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 223.41 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 1.78 Bn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 25.20 Mn
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 140.56 Mn
Dec 31, 2025 148.33 Mn
Sep 30, 2025 135.80 Mn
Jun 30, 2025 110.84 Mn
Mar 31, 2025 80.36 Mn
Dec 31, 2024 106.99 Mn
Sep 30, 2024 102.17 Mn
Jun 30, 2024 99.25 Mn
Mar 31, 2024 90.81 Mn
Dec 31, 2023 130.44 Mn
Sep 30, 2023 134.21 Mn
Jun 30, 2023 119.21 Mn
Mar 31, 2023 105.09 Mn
Dec 31, 2022 94.65 Mn
Sep 30, 2022 90.82 Mn
Jun 30, 2022 73.49 Mn
Mar 31, 2022 67.98 Mn
Dec 31, 2021 48.05 Mn
Sep 30, 2021 59.84 Mn
Jun 30, 2021 59.72 Mn