Shoals Technologies Group
SHLS · NASDAQ
Key indicators
SHLS profitability and balance sheet ratios
EPS $0.0714 in Q2 FY26, down 13.7% on a year earlier.
| Period | EPS |
|---|---|
| Q3 FY24 | -$0.0016 |
| Q4 FY24 | $0.0468 |
| Q1 FY25 | -$0.0017 |
| Q2 FY25 | $0.0827 |
| Q3 FY25 | $0.0704 |
| Q4 FY25 | $0.0477 |
| Q1 FY26 | -$0.0018 |
| Q2 FY26 | $0.0714 |
Where the money went
Q2 FY26, from revenue to net income
Shoals Technologies Group brought in $163.4M of revenue in Q2 FY26, +47.4% on a year earlier. 7¢ of every dollar became profit.
- Revenue
- $163.4M
- Costs, expenses and taxes
- $151.2M
- Net income
- $12.1M
- Net margin
- 7.4%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $148.3M | $140.6M | $163.4M |
| Gross profit | $46.9M | $41.0M | $49.5M |
| Operating income | $17.4M | $7.7M | $18.7M |
| Net income | $8.1M | −$0.3M | $12.1M |
| Diluted EPS | $0.05 | $0.00 | $0.07 |
Balance sheet
What the company owns and owes at period end
| Line item | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Total assets | $0.9B | $1.0B | $1.0B |
| Total liabilities | $0.3B | $0.4B | $0.4B |
| Shareholder equity | $0.6B | $0.6B | $0.6B |
| Cash and short-term investments | $0.0B | $0.0B | $0.0B |
| Total debt | $0.1B | $0.2B | $0.2B |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | −$4.1M | −$41.4M | $6.8M |
| Investing cash flow | −$7.2M | −$7.6M | −$7.0M |
| Financing cash flow | $10.0M | $43.7M | $14.1M |
| Capital expenditure | −$7.2M | −$7.6M | −$7.0M |
| Free cash flow | −$11.3M | −$49.1M | −$0.2M |
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