Shoals Technologies Group, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $12.1M | $-297.0K | $11.9M | $13.9M | $-282.0K | $-267.0K | $11.8M | $4.8M |
| Depreciation & Amortization | $2.3M | $4.1M | $2.2M | $2.1M | $3.3M | $2.1M | $2.2M | $3.0M |
| Depreciation | $2.7M | $2.2M | $1.5M | $1.4M | $1.4M | $1.3M | $1.3M | $1.1M |
| Amortization | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M |
| Stock-Based Compensation | — | $3.3M | — | — | $2.7M | — | — | $5.0M |
| Net Cash from Operating Activities | $6.8M | $-41.4M | $19.4M | $-13.8M | $15.6M | $15.7M | $37.8M | $12.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $7.0M | $7.6M | $10.4M | $12.2M | $3.2M | $2.4M | $2.0M | $2.5M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-7.6M | — | — | $-3.2M | — | — | $-2.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $43.7M | — | — | $-251.0K | — | — | $-17.8M |
| Net Change in Cash | — | $-5.4M | — | — | $12.1M | — | — | $-7.5M |
| Free Cash Flow | $-207.0K | $-49.1M | $9.0M | $-26.0M | $12.3M | $13.3M | $35.8M | $10.4M |