Stocks Technology SHLS
NASDAQ · TechnologyShoals Technologies Group, Inc. (SHLS)
Shoals Technologies Group, Inc. brought in $647.6M of revenue over the twelve months to September 30, 2026, up 49.2% from a year earlier. Net income was $37.8M, a net margin of 5.8%. In fiscal 2025 capital spending exceeded operating cash flow by $16M. At September 30, 2026 it held $7.7M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about Shoals Technologies Group, Inc.
- Net worth
- Shoals Technologies Group, Inc. has a market value (market cap) of $1.5B at the latest share price, and shareholders' equity of $638.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $475.3M (+19.1% year on year), with net income of $33.6M. Over the 12 months to September 30, 2026: revenue $647.6M, net income $37.8M.
- Cash flow
- In fiscal 2025 operations brought in $17.1M of cash; after $33M of capital spending, free cash flow was -$16M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Shoals Technologies Group, Inc.'s next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Shoals Technologies Group, Inc. does
Shoals Technologies Group, Inc. is registered with the SEC under industry code SIC 3674 (Semiconductors & Related Devices). Its shares trade on NASDAQ under the ticker SHLS.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $475.3M | $33.6M | $0.20 | -$16M |
| 2024 | $399.2M | $24.1M | $0.14 | $72M |
| 2023 | $488.9M | $40M | $0.24 | $81.4M |
| 2022 | $326.9M | $127.6M | $0.85 | $36.3M |
| 2021 | $213.2M | $2.3M | n/a | -$8.2M |
| 2021 | $175.5M | $33.8M | n/a | $50.8M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where SHLS ranks in Technology
Latest SEC filings
What Shoals Technologies Group, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Form 425 filing 425
- November 5, 2026Form 425 filing 425
- November 4, 2026Form 425 filing 425
- November 4, 2026Form 425 filing 425
- November 4, 2026Form 425 filing 425
- November 4, 2026Form 425 filing 425
- November 4, 2026Form 425 filing 425
- November 4, 2026Form 425 filing 425
- November 4, 2026Form 425 filing 425
- November 4, 2026Form 425 filing 425
Insider trades
What the people running Shoals Technologies Group, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 2 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 9, 2026 | Moen KirstenChief Operating Officer | Shares withheld for tax | 2,790 | $19.7K |
| August 13, 2026 | Moss BrandonChief Executive Officer, Director | Shares withheld for tax | 104,386 | $849.7K |
| July 17, 2026 | Moss BrandonChief Executive Officer, Director | Shares withheld for tax | 9,133 | $94.1K |
| June 16, 2026 | King Bobbie Lee JrChief Legal Officer | Shares withheld for tax | 6,377 | $63.5K |
| June 16, 2026 | King Bobbie Lee JrChief Legal Officer | Sold | 10,000 | $104.1K |
| June 16, 2026 | King Bobbie Lee JrChief Legal Officer | Gave as a gift | 1,000 | - |
| June 15, 2026 | King Bobbie Lee JrChief Legal Officer | Shares withheld for tax | 6,377 | $65.7K |
| June 1, 2026 | Tolnar JefferyPresident | Shares withheld for tax | 8,630 | $105.1K |
Who owns SHLS
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| T. Rowe Price Associates, Inc.13G, passive | 12.9% | August 14, 2026 |
| First Trust Portfolios L.P.13G, passive with 2 related filers | 5.87% | October 30, 2026 |
| Vanguard Capital Management13G, passive | 5.12% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 272 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 28,727,968 | +8,880,712 |
| Vanguard Capital Management LLC | 7,435,246 | +73,905 |
| Invesco Ltd. | 7,157,142 | -619,546 |
| State Street Corp | 6,052,905 | +43,997 |
| Amundi | 5,374,593 | -360,225 |
| Geode Capital Management, LLC | 4,745,938 | +186,631 |
| Dimensional Fund Advisors LP | 4,590,497 | +321,703 |
| Vanguard Portfolio Management LLC | 4,500,168 | -1,387,304 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 4,276,470 | -1,057,082 |
| Greenvale Capital LLP | 4,250,000 | new |
| Schroder Investment Management Group | 2,889,908 | -1,750,528 |
| Pictet Asset Management Holding SA | 2,839,736 | +89,248 |
| UBS Group AG | 2,732,435 | +857,979 |
| Northern Trust Corp | 2,324,998 | -241,447 |
| ACK Asset Management LLC | 2,255,000 | new |
| Ameriprise Financial Inc | 1,926,830 | -397,963 |
| Redwood Grove Capital, LLC | 1,760,722 | -1,276,700 |
| Morgan Stanley | 1,749,628 | +114,688 |
| Royce & Associates LP | 1,723,952 | +233,920 |
| Ardsley Advisory Partners LP | 1,665,000 | -595,000 |
Insiders
14 insiders reported holding 3,262,628 shares in total, about $28.5M at the last price.
| Holder | Shares |
|---|---|
| Moss BrandonChief Executive Officer, Director | 1,041,482 |
| Forth John BradfordDirector | 599,255 |
| Bardos DominicChief Financial Officer | 364,775 |
| Tolnar JefferyPresident | 273,800 |
| Daul Ty P.Director | 127,952 |
| Sundberg Lori SDirector | 122,452 |
| Volpe ToniDirector | 122,452 |
| Mills Jeannette MDirector | 104,096 |
| Julian Robert K.Director | 104,096 |
| Hart James RyanChief People Officer | 102,173 |
Questions about SHLS
What does Shoals Technologies Group, Inc. do?
Shoals Technologies Group, Inc. is a company in the Technology sector, listed on NASDAQ as SHLS. Its shares trade on NASDAQ under the ticker SHLS.
What is Shoals Technologies Group, Inc.'s net worth?
Shoals Technologies Group, Inc. has a market value (market cap) of $1.5B at the latest share price, and shareholders' equity of $638.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Shoals Technologies Group, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $37.8M on revenue of $647.6M, a net margin of 5.8%.
How much revenue does Shoals Technologies Group, Inc. make?
Over the twelve months to September 30, 2026 Shoals Technologies Group, Inc. reported revenue of $647.6M. That is 49.2% more than a year earlier.
When did Shoals Technologies Group, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the form 425 filing from November 5, 2026.
When is Shoals Technologies Group, Inc.'s next earnings report?
Shoals Technologies Group, Inc.'s next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Shoals Technologies Group, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.