Shoals Technologies Group, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $163.4M | $140.6M | $148.3M | $135.8M | $110.8M | $80.4M | $107.0M | $102.2M |
| Cost of Revenue | $113.8M | $99.5M | $101.4M | $85.6M | $69.6M | $52.2M | $66.8M | $76.8M |
| Gross Profit | $49.5M | $41.0M | $46.9M | $50.3M | $41.2M | $28.1M | $40.2M | $25.4M |
| Gross Margin | 30.3% | 29.2% | 31.6% | 37.0% | 37.2% | 35.0% | 37.6% | 24.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $28.5M | $31.0M | $27.3M | $29.4M | $23.1M | $21.7M | $21.5M | $18.7M |
| Operating Income | $18.7M | $7.7M | $17.4M | $18.7M | $16.0M | $4.3M | $16.5M | $4.5M |
| Operating Margin | 11.5% | 5.5% | 11.7% | 13.7% | 14.4% | 5.4% | 15.4% | 4.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $3.4M | $-89.0K | $5.5M | $4.0M | $3.1M | $2.3M | $5.9M | $1.7M |
| Net Income | $12.1M | $-297.0K | $8.1M | $11.9M | $13.9M | $-282.0K | $7.8M | $-267.0K |
| Net Margin | 7.4% | -0.2% | 5.5% | 8.7% | 12.5% | -0.4% | 7.3% | -0.3% |
| EPS (Basic) | $0.07 | $0.00 | $0.05 | $0.07 | $0.08 | $0.00 | $0.04 | $0.00 |
| EPS (Diluted) | $0.07 | $0.00 | $0.05 | $0.07 | $0.08 | $0.00 | $0.04 | $0.00 |
| Shares Outstanding (Basic) | 168.1M | 167.6M | 167.3M | 167.4M | 167.3M | 167.0M | 168.6M | 167.3M |
| Shares Outstanding (Diluted) | 170.0M | 167.6M | 168.4M | 168.8M | 167.6M | 167.0M | 168.7M | 167.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |