Shoals Technologies reported revenue of $163.37M and net income of $12.14M for the quarter ended Jun 2026, up 47.4% year over year. This income statement covers 26 quarters of results from Mar 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | ||||||||||||||||||||||||||
| Revenue | 59.84M | 48.05M | 67.98M | 73.49M | 90.82M | 94.65M | 105.09M | 119.21M | 134.21M | 130.44M | 90.81M | 99.25M | 102.17M | 106.99M | 80.36M | 110.84M | 135.80M | 148.32M | 140.56M | 163.37M | ||||||
| Cost of RevenueCost of Rev | 38.07M | 32.12M | 41.68M | 44.90M | 54.78M | 54.27M | 56.83M | 68.69M | 120.06M | 75.06M | 54.35M | 59.25M | 76.79M | 66.80M | 52.22M | 69.64M | 85.55M | 101.41M | 99.55M | 113.85M | ||||||
| Gross Profit | 21.77M | 15.92M | 26.29M | 28.59M | 36.05M | 40.38M | 48.26M | 50.52M | 14.15M | 55.38M | 36.46M | 40.00M | 25.38M | 40.18M | 28.14M | 41.20M | 50.25M | 46.91M | 41.01M | 49.52M | ||||||
| Operating items | ||||||||||||||||||||||||||
| Depreciation & Amortization - TotalDep. & Amort. (Tot) | 0.50M | 0.40M | 0.40M | 0.50M | 0.50M | 0.50M | 0.50M | 0.60M | 0.70M | 0.90M | 1.10M | 1.30M | 1.30M | 1.40M | 1.40M | 1.40M | 1.50M | 1.90M | 2.20M | 2.70M | ||||||
| Selling, General & AdministrativeSG&A | 10.03M | 11.03M | 13.92M | 13.27M | 13.85M | 14.87M | 19.99M | 16.72M | 22.55M | 21.45M | 22.77M | 19.22M | 18.74M | 21.52M | 21.69M | 23.06M | 29.42M | 27.34M | 31.01M | 28.46M | ||||||
| Restructuring CostsRestructuring | 5.25M | |||||||||||||||||||||||||
| Other Operating ExpensesOther Opex | 1.68M | 1.81M | 1.97M | 1.84M | 1.73M | 1.63M | 1.67M | 1.56M | 1.47M | 1.16M | 1.00M | 3.13M | -0.01M | -1.29M | -0.00M | |||||||||||
| Operating ExpensesOpex | 12.21M | 13.24M | 16.29M | 15.61M | 16.08M | 17.00M | 22.16M | 18.88M | 24.72M | 23.51M | 24.88M | 21.42M | 20.85M | 23.70M | 23.83M | 25.20M | 31.58M | 29.51M | 33.29M | 30.80M | ||||||
| Operating IncomeOp. Inc | 9.56M | 2.68M | 10.01M | 12.98M | 19.96M | 23.37M | 26.10M | 31.64M | -10.57M | 31.87M | 11.58M | 18.58M | 4.52M | 16.48M | 4.31M | 16.00M | 18.67M | 17.40M | 7.72M | 18.72M | ||||||
| EBIT | 9.56M | 2.68M | 10.01M | 12.98M | 19.96M | 23.37M | 26.10M | 31.64M | -10.57M | 31.87M | 11.58M | 18.58M | 4.52M | 16.48M | 4.31M | 16.00M | 18.67M | 17.40M | 7.72M | 18.72M | ||||||
| Non-operating items | ||||||||||||||||||||||||||
| Non Operating Interest Expenses | 3.58M | 3.64M | 3.84M | 4.17M | 4.75M | 5.78M | 6.00M | 6.50M | 5.90M | 5.70M | 4.47M | 3.27M | 3.17M | 2.91M | 2.42M | 2.24M | 2.83M | 2.51M | 2.90M | 3.47M | ||||||
| Interest & Investment IncomeInt & Inv Inc | 0.11M | 0.20M | 0.09M | 0.12M | 0.12M | 0.08M | 0.04M | 0.07M | 0.06M | 0.27M | ||||||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | -0.01M | -0.02M | ||||||||||||||||||||||||
| Net income details | ||||||||||||||||||||||||||
| EBT | 3.97M | 1.06M | 6.17M | 8.81M | 15.21M | 121.80M | 20.10M | 25.13M | -16.47M | 26.17M | 7.22M | 15.52M | 1.44M | 13.69M | 2.02M | 16.97M | 15.87M | 13.66M | -0.39M | 15.50M | ||||||
| Tax ProvisionsTaxes | -1.31M | 3.21M | 1.52M | 1.51M | 2.45M | 3.50M | 3.12M | 6.21M | -6.64M | 9.59M | 2.45M | 3.72M | 1.70M | 5.87M | 2.30M | 3.12M | 3.99M | 5.54M | -0.09M | 3.36M | ||||||
| Profit After TaxPAT | 5.28M | -2.15M | 4.65M | 7.30M | 12.76M | 118.30M | 16.98M | 18.92M | -9.83M | 16.58M | 4.77M | 11.80M | -0.27M | 7.82M | -0.28M | 13.86M | 11.88M | 8.12M | -0.30M | 12.14M | ||||||
| Income from Non-Controlling InterestsInc. Minority | 2.79M | -0.32M | 2.01M | 2.90M | 4.80M | 5.69M | 2.69M | |||||||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | 5.28M | -2.15M | 4.65M | 7.30M | 12.76M | 118.30M | 16.98M | 18.92M | -9.83M | 16.58M | 4.77M | 11.80M | -0.27M | 7.82M | -0.28M | 13.86M | 11.88M | 8.12M | -0.30M | 12.14M | ||||||
| Consolidated Net IncomeConsol Net Inc. | 5.28M | -2.15M | 4.65M | 7.30M | 12.76M | 118.30M | 16.98M | 18.92M | -9.83M | 16.58M | 4.77M | 11.80M | -0.27M | 7.82M | -0.28M | 13.86M | 11.88M | 8.12M | -0.30M | 12.14M | ||||||
| Income towards Parent CompanyParent Net Inc | 5.28M | -2.15M | 4.65M | 7.30M | 12.76M | 118.30M | 16.98M | 18.92M | -9.83M | 16.58M | 4.77M | 11.80M | -0.27M | 7.82M | -0.28M | 13.86M | 11.88M | 8.12M | -0.30M | 12.14M | ||||||
| Net Income towards Common StockholdersNet Income | 5.28M | -2.15M | 4.65M | 7.30M | 12.76M | 118.30M | 16.98M | 18.92M | -9.83M | 16.58M | 4.77M | 11.80M | -0.27M | 7.82M | -0.28M | 13.86M | 11.88M | 8.12M | -0.30M | 12.14M | ||||||
| Additional items | ||||||||||||||||||||||||||
| EPS (Basic) | 0.05 | -0.02 | 0.04 | 0.06 | 0.11 | 1.03 | 0.12 | 0.11 | -0.06 | 0.10 | 0.03 | 0.07 | 0.00 | 0.05 | 0.00 | 0.08 | 0.07 | 0.05 | 0.00 | 0.07 | ||||||
| EPS (Diluted) | 0.05 | -0.02 | 0.04 | 0.06 | 0.11 | 0.71 | 0.12 | 0.11 | -0.06 | 0.10 | 0.03 | 0.07 | 0.00 | 0.05 | 0.00 | 0.08 | 0.07 | 0.05 | 0.00 | 0.07 | ||||||
| Shares Outstanding | 101.89M | 99.27M | 112.21M | 112.49M | 112.97M | 114.50M | 146.41M | 169.89M | 169.97M | 164.16M | 170.28M | 169.99M | 167.32M | 168.57M | 166.96M | 167.29M | 167.37M | 167.26M | 167.56M | 168.06M | ||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 102.25M | 99.27M | 112.24M | 112.62M | 113.58M | 167.63M | 147.11M | 170.24M | 169.97M | 164.50M | 170.51M | 170.10M | 167.38M | 168.72M | 166.96M | 167.56M | 168.75M | 168.38M | 167.56M | 170.02M | ||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 166.84M | 166.84M | 167.15M | 167.20M | 167.32M | 169.32M | 169.82M | 169.93M | 170.05M | 170.12M | 170.42M | 168.31M | 166.70M | 166.76M | 167.17M | 167.35M | 167.39M | 167.45M | 167.77M | 168.29M | ||||||
| EBITDA | 10.06M | 3.08M | 10.41M | 13.48M | 20.46M | 23.87M | 26.60M | 32.24M | -9.87M | 32.77M | 12.68M | 19.88M | 5.82M | 17.88M | 5.71M | 17.40M | 20.17M | 19.30M | 9.92M | 21.42M | ||||||
| Interest ExpensesInt Expense | 3.58M | 3.64M | 3.84M | 4.17M | 4.75M | 5.78M | 6.00M | 6.50M | 5.90M | 5.70M | 4.47M | 3.27M | 3.17M | 2.91M | 2.42M | 2.24M | 2.83M | 2.51M | 2.90M | 3.47M | ||||||
| Tax Rate | -33.00% | 303.60% | 24.66% | 17.14% | 16.12% | 2.88% | 15.52% | 24.70% | 40.33% | 36.64% | 33.90% | 23.95% | 118.59% | 42.88% | 114.00% | 18.37% | 25.15% | 40.55% | 23.06% | 21.67% |