Shoals Technologies (SHLS) Revenue (2020 - 2026)
Shoals Technologies posted quarterly Revenue of $140.6 million for Q1 2026, up 74.91% year-on-year from $80.4 million in Q1 2025, and down 5.24% on a QoQ basis from $148.3 million in Q4 2025.
Shoals Technologies (SHLS) has 7 years of Revenue data on file, last reported 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.
- Across five years, Revenue topped out at $148.3 million in Q4 2025 and bottomed at $68.0 million in Q1 2022.
- The 5-year median for Revenue is $105.1 million (2023), against an average of $107.7 million.
- The widest annual swing landed in 2022, when Revenue jumped 97.0%; it then dropped 23.88% in 2024.
- A 5-year view of Revenue shows it stood at $94.7 million in 2022, then jumped by 37.81% to $130.4 million in 2023, then slipped by 17.98% to $107.0 million in 2024, then jumped by 38.64% to $148.3 million in 2025, then dropped 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn | 1.04 Bn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 880.52 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 1.22 Bn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 282.90 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 310.50 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 722.23 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 140.56 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 223.41 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 1.78 Bn |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 25.20 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 |
| Mar 31, 2021 | 45.60 Mn |
| Dec 31, 2020 | 38.75 Mn |
| Sep 30, 2020 | 52.60 Mn |
| Jun 30, 2020 | 43.43 Mn |
| Mar 31, 2020 | 40.74 Mn |