Shoals Technologies (SHLS) Revenue (2020 - 2026)

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

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

Shoals Technologies' Revenue history runs 7 years deep, the most recent figure standing at $140.6 million for Q1 2026.

  • Quarterly Revenue rose 74.91% year-over-year to $140.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $535.5 million (up 37.75% YoY) and the FY2025 annual result came in at $475.3 million, up 19.07% from the prior year.
  • Revenue was $140.6 million for Q1 2026 at Shoals Technologies, down from $148.3 million in the prior quarter.
  • Across five years, Revenue topped out at $148.3 million in Q4 2025 and bottomed at $68.0 million in Q1 2022.
  • A 5-year average of $107.7 million and a median of $105.1 million in 2023 frame the typical range for Revenue.
  • Annual changes were most pronounced in 2022 — Revenue jumped 97.0% — and 2024, when it retreated 23.88%.
  • Shoals Technologies' Revenue stood at $94.7 million in 2022, then surged by 37.81% to $130.4 million in 2023, then dropped by 17.98% to $107.0 million in 2024, then surged by 38.64% to $148.3 million in 2025, then declined by 5.24% to $140.6 million in 2026.
  • Business Quant data shows SHLS's Revenue at $140.6 million in Q1 2026, $148.3 million in Q4 2025, and $135.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 1.04 Bn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 880.52 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 282.90 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 1.78 Bn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn 310.50 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 722.23 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 140.56 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 1.22 Bn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 223.41 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 142.77 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