Growth Metrics

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 🔒
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
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