Shoals Technologies (SHLS) Revenue (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Revenue came in at $140.6 million in Q1 2026, up 74.91% YoY 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) Revenue (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Revenue data on file, last reported at $140.6 million in 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 fell to $140.6 million in Q1 2026, from $148.3 million in the prior quarter.
- In the past five years, Revenue ranged from a high of $148.3 million in Q4 2025 to a low of $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 dropped 23.88%.
- Tracing SHLS's Revenue over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 1.06 Bn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 935.17 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 291.85 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 869.99 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 346.25 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 163.37 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 1.22 Bn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 1.78 Bn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 342.07 Mn |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 142.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 163.37 Mn |
| 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 |