Shoals Technologies Group, Inc. (SHLS)
Nasdaq · Semiconductors & Related Devices · Manufacturing · CIK 1831651 · fiscal year ends in Dec
Closing price $7.56 on 29 Oct 2026; 52-week range $5.71 to $12.77.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $588.1M
- Revenue growth
- 46.9%
- Net income, last twelve months
- $31.8M
- Earnings per share
- $0.19
- Gross margin
- 31.9%
- Operating margin
- 10.6%
- Net margin
- 5.4%
- Free cash flow
- -$51.6M
- Return on equity
- 5.2%
- Market value
- $1.3B
- Price to earnings
- 39.8x
- Cash
- $15.7M
- Debt
- $196.8M
- Debt to equity
- 0.32
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $475.3M | $56.4M | $33.6M | $0.20 | -$16.0M | 10-K filed 24 Feb 2026 |
| FY2024 | 31 Dec 2024 | $399.2M | $51.2M | $24.1M | $0.14 | $72.0M | 10-K filed 25 Feb 2025 |
| FY2023 | 31 Dec 2023 | $488.9M | $79.0M | $40.0M | $0.24 | $81.4M | 10-K filed 28 Feb 2024 |
| FY2022 | 31 Dec 2022 | $326.9M | $66.3M | $127.6M | $0.85 | $36.3M | 10-K filed 28 Feb 2023 |
| FY2021 | 31 Dec 2021 | $213.2M | $36.2M | $2.3M | $0.00 | -$8.2M | 10-K filed 11 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $163.4M | $12.1M | $0.07 |
| Q1 FY2026 | 31 Mar 2026 | $140.6M | -$297.0K | $0.00 |
| Q4 FY2025 | 31 Dec 2025 | $148.3M | $8.1M | $0.05 |
| Q3 FY2025 | 30 Sep 2025 | $135.8M | $11.9M | $0.07 |
| Q2 FY2025 | 30 Jun 2025 | $110.8M | $13.9M | $0.08 |
| Q1 FY2025 | 31 Mar 2025 | $80.4M | -$282.0K | $0.00 |
| Q4 FY2024 | 31 Dec 2024 | $107.0M | $7.8M | $0.05 |
| Q3 FY2024 | 30 Sep 2024 | $102.2M | -$267.0K | $0.00 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| System solutions | $374.2M | 78.7% |
| Components | $101.1M | 21.3% |
Company events
The newest 8-K filings of 52 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 31 Aug 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 4 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 12 Jun 2026 | 8-K/A | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 12 Jun 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 5 May 2026 | 8-K | Results | 2.02, 9.01 |
| 1 May 2026 | 8-K | Shareholder vote | 5.07 |
| 24 Feb 2026 | 8-K/A | Results | 2.02, 9.01 |
| 6 Nov 2025 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 4 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 5 Aug 2025 | 8-K | Results | 2.02, 9.01 |
| 7 May 2025 | 8-K | Shareholder vote | 5.07 |
| 6 May 2025 | 8-K | Results, Leadership change | 2.02, 5.02, 9.01 |
Every filing
The newest filings with the SEC of 131 held.
| Filed | Form | Period |
|---|---|---|
| 31 Aug 2026 | 8-K | 28 Aug 2026 |
| 4 Aug 2026 | 10-Q | 30 Jun 2026 |
| 4 Aug 2026 | 8-K | 4 Aug 2026 |
| 12 Jun 2026 | 8-K/A | 10 Jun 2026 |
| 12 Jun 2026 | 8-K | 10 Jun 2026 |
| 1 Jun 2026 | SD | – |
| 5 May 2026 | 10-Q | 31 Mar 2026 |
| 5 May 2026 | 8-K | 5 May 2026 |
| 1 May 2026 | 8-K | 30 Apr 2026 |
| 10 Apr 2026 | DEFA14A | – |
| 20 Mar 2026 | ARS | 31 Dec 2025 |
| 20 Mar 2026 | DEFA14A | – |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 16 Jun 2026 | King Bobbie Lee Jr, Chief Legal Officer | Sale outside a trading plan | 10,000 | $10.41 | $104.1K | 98,918 | 16 Jun 2026 |
| 8 May 2026 | Bardos Dominic, Chief Financial Officer | Sale outside a trading plan | 54,449 | $8.48 | $461.7K | 394,979 | 8 May 2026 |
| 5 Dec 2025 | Bardos Dominic, Chief Financial Officer | Sale outside a trading plan | 4,170 | $7.83 | $32.7K | 412,289 | 5 Dec 2025 |
| 5 Dec 2025 | Tolnar Jeffery, President | Sale outside a trading plan | 2,450 | $7.85 | $19.2K | 249,561 | 5 Dec 2025 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 16 Jun 2026 | Bobbie King, Officer | 10,000 | $103.5K | 16 Jun 2026 |
| 8 May 2026 | ARPAD DOMINIC BARDOS, Officer | 54,449 | $460.0K | 8 May 2026 |
| 5 Dec 2025 | JEFFERY TOLNAR, Officer | 2,450 | $19.1K | 5 Dec 2025 |
| 5 Dec 2025 | ARPAD DOMINIC BARDOS, Officer | 4,170 | $32.4K | 5 Dec 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 27 Oct 2026 | BlackRock Portfolio Management LLC | 13G | 6.6% | 11.0M |
| 14 Aug 2026 | T. Rowe Price Associates, Inc. | 13G amended | 12.9% | 21.6M |
| 30 Jul 2026 | BlackRock, Inc. | 13G amended | 13.2% | 22.1M |
| 30 Apr 2026 | Vanguard Capital Management | 13G | 5.12% | 8.6M |
| 27 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 6 Mar 2026 | T. Rowe Price Associates, Inc. | 13G amended | 11.1% | 18.6M |
| 17 Feb 2026 | Encompass Capital Advisors LLC | 13G amended | 2.88% | 4.8M |
| 17 Feb 2026 | T. Rowe Price Associates, Inc. | 13G | 7.6% | 12.8M |
| 6 Feb 2026 | BlackRock, Inc. | 13G amended | 10.7% | 17.9M |
| 21 Jan 2026 | BlackRock Portfolio Management LLC | 13G amended | 3.8% | 6.4M |
Trades by members of the House
From each member's periodic transaction report.
| Traded | Member | Type | Amount | Disclosed |
|---|---|---|---|---|
| 19 Jul 2024 | Josh Gottheimer (NJ05) | Purchase | $1,001 - $15,000 | 15 Aug 2024 |
| 18 Jun 2024 | Josh Gottheimer (NJ05) | Sale | $1,001 - $15,000 | 9 Jul 2024 |
| 15 Apr 2024 | Josh Gottheimer (NJ05) | Purchase | $1,001 - $15,000 | 15 May 2024 |
| 14 Mar 2024 | Josh Gottheimer (NJ05) | Sale | $1,001 - $15,000 | 7 Apr 2024 |
| 11 Jan 2024 | Josh Gottheimer (NJ05) | Purchase | $1,001 - $15,000 | 15 Feb 2024 |
| 11 Dec 2023 | Josh Gottheimer (NJ05) | Sale | $1,001 - $15,000 | 7 Jan 2024 |
| 16 Oct 2023 | Josh Gottheimer (NJ05) | Purchase | $1,001 - $15,000 | 11 Nov 2023 |
| 15 Sep 2023 | Josh Gottheimer (NJ05) | Sale (partial) | $1,001 - $15,000 | 15 Oct 2023 |
| 10 Aug 2023 | Josh Gottheimer (NJ05) | Purchase | $1,001 - $15,000 | 16 Sep 2023 |
| 10 Apr 2023 | Daniel Goldman (NY10) | Sale | $1,001 - $15,000 | 19 May 2023 |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 16.8M | +3.86% | 4.18 |
| 30 Sep 2026 | 16.2M | +8.35% | 3.83 |
| 15 Sep 2026 | 14.9M | +6.82% | 3.5 |
| 31 Aug 2026 | 14.0M | -5.9% | 2.76 |
| 14 Aug 2026 | 14.9M | -19.41% | 2.52 |
| 31 Jul 2026 | 18.4M | +27.08% | 3.43 |
| 15 Jul 2026 | 14.5M | +9.04% | 2.74 |
| 30 Jun 2026 | 13.3M | -2.02% | 2.16 |
Funds that hold it
From each fund's latest Form 13F.
313 funds held it at 30 Jun 2026: 136 added and 86 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 28,727,968 | $284.4M | +8,880,712 |
| Price T Rowe Associates Inc. | 21,602,202 | $213.9M | +2,007,012 |
| Vanguard Capital Management LLC | 7,435,246 | $73.6M | +73,905 |
| Invesco Ltd. | 7,157,142 | $70.9M | -619,546 |
| State Street Corp. | 6,052,905 | $59.9M | +43,997 |
| T. Rowe Price Investment Management, Inc. | 6,037,171 | $59.8M | +1,005,269 |
| Amundi | 5,374,593 | $53.2M | -360,225 |
| Geode Capital Management, LLC | 4,745,938 | $47.0M | +186,631 |
| Dimensional Fund Advisors LP | 4,590,497 | $45.4M | +321,703 |
| Vanguard Portfolio Management LLC | 4,500,168 | $44.6M | -1,387,304 |
Peers
Companies in the same industry.
- NVIDIA Corp. (NVDA): revenue $303.0B, market value $5.15T
- Taiwan Semiconductor Manufacturing Company Limited (TSM): revenue $122.4B, market value $2.24T
- Broadcom Inc. (AVGO): revenue $89.1B, market value $1.65T
- Micron Technology Inc. (MU): revenue $133.2B, market value $1.06T
- Advanced Micro Devices Inc. (AMD): revenue $41.3B, market value $924.6B
- Intel Corp. (INTC): revenue $59.9B, market value $488.9B
- Applied Materials Inc. (AMAT): revenue $30.8B, market value $334.7B
- Texas Instruments Inc. (TXN): revenue $20.8B, market value $285.9B
- Arm Holdings plc (ARM): revenue $4.9B, market value $243.4B
- Analog Devices Inc. (ADI): revenue $13.9B, market value $209.9B