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| Date | Value |
|---|---|
| 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 |