FY2025 · ended Dec 31, 2025 · Revenue $475.33M, +19.1% YoY · Filed Feb 24, 2026
Shoals Technologies Group, Inc. (SHLS) files with the SEC under industry code 3674, Semiconductors & Related Devices. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $475.3 million and net income of $33.6 million. Free cash flow was -$16.0 million. As of Sep 30, 2026 it held $7.7 million in cash and investments and $36.4 million in total debt.
Revenue (TTM)
$647.56M
+49.2% vs year-ago TTM
Net income (TTM)
$37.83M
+13.7% vs year-ago TTM
Operating cash flow (TTM)
$-9.88M
-128.1% vs year-ago TTM
Free cash flow (TTM)
$-34.54M
-546.7% vs year-ago TTM
EPS (TTM)
$0.22
+12.0% vs year-ago TTM
Dividend per share
None
Shares outstanding
—
Net cash
$-28.72M
as of Sep 30, 2026
Operating margin
11.2%
FY 2026
Company profile
- Industry
- Semiconductors & Related Devices (SIC 3674)
- Listed as
- SHLS (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Portland, TN
- SEC filer status
- Accelerated filer
- SEC CIK
- 1831651
Other Semiconductors & Related Devices companies
- Nvidia Corp NVDA
- Broadcom Inc. AVGO
- Micron Technology Inc MU
- Advanced Micro Devices Inc AMD
- Intel Corp INTC
- Applied Materials Inc /DE AMAT
- Texas Instruments Inc TXN
- Arm Holdings PLC /UK ARM
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $475.3M | $399.2M | $488.9M | $326.9M | $213.2M |
| Operating income | $56.4M | $51.2M | $79.0M | $66.3M | $36.2M |
| Net income | $33.6M | $24.1M | $40.0M | $127.6M | $2.3M |
| Diluted EPS | $0.20 | $0.14 | $0.24 | $0.85 | $0.00 |
| Operating cash flow | $17.1M | $80.4M | $92.0M | $39.5M | -$4.1M |
| Free cash flow | -$16.0M | $72.0M | $81.4M | $36.3M | -$8.2M |
| Total assets | $904.1M | $793.1M | $844.0M | $594.9M | $426.4M |
| Total liabilities | $304.1M | $236.3M | $299.0M | $293.9M | $433.9M |
| Stockholders' equity | $600.0M | $556.8M | $545.0M | $301.0M | -$7.5M |
| Cash and investments | $7.3M | $23.5M | $22.7M | $8.8M | $5.0M |
| Total debt | $41.9M | $143.9M | $184.7M | $243.5M | $247.1M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, Officer or director change, Regulation FD disclosure
|
Nov 4, 2026 | Nov 4, 2026 |
| 10-Q | Quarterly report | Nov 4, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Nov 4, 2026 | Nov 4, 2026 |
| 8-K |
Current report
Material agreement, New debt
|
Aug 31, 2026 | Aug 28, 2026 |
| 10-Q | Quarterly report | Aug 4, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 4, 2026 | Aug 4, 2026 |
All 464 Shoals Technologies Group, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.