System Solutions was Shoals Technologies’s largest product and service line in fiscal 2025, bringing in $374.19M of $475.33M (79%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| System Solutions | $254.42M | $398.38M | $306.15M | $374.19M | |||
| Components | $72.53M | $90.56M | $93.06M | $101.14M | |||
| Solar Components | — | — | — | — | |||
| Total | $326.94M | $488.94M | $399.21M | $475.33M |
Shoals Technologies brought in $475.33M from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 19.1% from $399.21M in fiscal 2024. System Solutions was the largest at $374.19M (78.7%), ahead of Components at $101.14M (21.3%).
Compared with fiscal 2024, System Solutions grew 22.2% to $374.19M and Components grew 8.7% to $101.14M. From fiscal 2022 to 2025, combined revenue from these lines grew from $326.94M to $475.33M, a compound annual growth rate of 13.3%. System Solutions' share of the total rose from 77.8% to 78.7%.
Shoals Technologies (SHLS) reports its revenue by product and service. In fiscal 2025, System Solutions was its largest product and service line, bringing in $374.19M (78.7% of the total), followed by Components at $101.14M (21.3%).
System Solutions was Shoals Technologies' largest product and service line in fiscal 2025, bringing in $374.19M, or 78.7% of the $475.33M total across its two product and service lines.
System Solutions grew faster than Components in fiscal 2025, up 22.2% from $306.15M to $374.19M. Components grew 8.7% to $101.14M.
Every figure comes from Shoals Technologies' annual financial filings, as reported. Each line keeps the name Shoals Technologies gives it, and years follow its fiscal calendar.
Shoals Technologies' revenue by product and service goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.