7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 
      
    		                    
      assets
    		                    
      current assets
    		                    
      cash and cash equivalents
    		8,589,000 4,686,000 35,609,000 23,511,000 11,106,000 3,189,000 15,236,000 22,707,000 9,224,000 5,860,000 6,460,000 8,766,000 11,202,000 10,094,000 2,534,000 5,006,000 14,189,000 13,171,000 4,227,000 10,073,000 
      accounts receivable
    		117,464,000 103,432,000 67,704,000 78,181,000 95,301,000 92,261,000 103,403,000 107,118,000 108,886,000 97,099,000 75,415,000 50,575,000 71,652,000 57,827,000 56,887,000 31,499,000 44,588,000 42,977,000 28,138,000 27,004,000 
      unbilled receivables
    		7,705,000 9,861,000 10,409,000 20,834,000 13,792,000 17,015,000 23,406,000 40,136,000 28,506,000 21,664,000 19,661,000 16,713,000 11,561,000 14,580,000 16,149,000 13,533,000 10,554,000 6,797,000 9,995,000 3,794,000 
      inventory
    		60,350,000 56,899,000 61,173,000 55,977,000 65,854,000 60,006,000 59,565,000 52,804,000 60,961,000 68,312,000 73,729,000 72,854,000 81,158,000 64,961,000 49,479,000 38,368,000 27,832,000 21,272,000 21,092,000 15,121,000 
      other current assets
    		7,085,000 15,195,000 12,851,000 9,849,000 4,716,000 4,784,000 6,872,000 4,421,000 6,664,000 7,180,000 8,094,000 4,632,000 7,608,000 8,827,000 12,651,000 5,042,000 11,706,000 7,292,000 6,512,000 155,000 
      total current assets
    		201,193,000 190,073,000 187,746,000 188,352,000 190,769,000 177,255,000 208,482,000 227,186,000 214,241,000 200,115,000 183,359,000 153,540,000 183,181,000 156,289,000 137,700,000 93,448,000 108,869,000 91,509,000 69,964,000 56,147,000 
      property, plant and equipment
    		49,187,000 41,978,000 30,040,000 28,222,000 28,055,000 26,932,000 26,213,000 24,836,000 22,789,000 20,198,000 18,388,000 16,870,000 16,596,000 16,830,000 16,032,000 15,574,000 14,358,000 13,622,000 13,160,000 12,763,000 
      goodwill
    		69,941,000 69,941,000 69,941,000 69,941,000 69,941,000 69,941,000 69,941,000 69,941,000 69,941,000 69,941,000 69,941,000 69,941,000 69,941,000 69,941,000 69,436,000 69,436,000 69,321,000 50,176,000 50,176,000 50,176,000 
      other intangible assets
    		35,395,000 37,291,000 39,187,000 41,083,000 42,979,000 44,876,000 46,772,000 48,668,000 50,564,000 52,542,000 54,563,000 56,585,000 58,606,000 60,727,000 62,966,000 65,236,000 67,508,000 67,996,000 69,992,000 71,988,000 
      deferred tax assets
    		443,586,000 447,568,000 451,872,000 454,160,000 460,011,000 461,676,000 465,700,000 468,195,000 477,073,000 470,329,000 476,283,000 291,634,000 177,112,000 175,059,000 175,539,000 176,958,000     
      right-of-use operating lease assets
    		47,079,000                    
      other assets
    		5,410,000 8,113,000 9,635,000 11,322,000 9,546,000 7,757,000 8,198,000 5,167,000 5,540,000 5,695,000 6,067,000 6,325,000 24,456,000 17,771,000 12,799,000 5,762,000 1,204,000 840,000 475,000 4,236,000 
      total assets
    		851,791,000 794,964,000 788,421,000 793,080,000 801,301,000 788,437,000 825,306,000 843,993,000 840,148,000 818,820,000 808,601,000 594,895,000 529,892,000 496,617,000 474,472,000 426,414,000 382,805,000 273,716,000 252,259,000 10,000 
      liabilities and stockholders’ equity
    		                    
      current liabilities
    		                    
      accounts payable
    		33,941,000 29,241,000 26,714,000 20,032,000 23,743,000 16,187,000 15,728,000 14,396,000 16,615,000 16,239,000 21,936,000 9,481,000 21,383,000 24,258,000 17,879,000 19,985,000 18,664,000 14,224,000 12,941,000 14,634,000 
      accrued expenses and other
    		27,281,000 16,928,000 12,418,000 12,541,000 12,865,000 9,683,000 10,352,000 22,907,000 21,516,000 27,650,000 17,382,000 17,882,000 43,407,000 25,297,000       
      warranty liability—current portion
    		4,556,000 15,102,000 25,956,000 29,602,000 34,743,000 31,148,000 31,708,000 31,099,000 17,254,000            
      deferred revenue
    		26,099,000 20,075,000 15,195,000 18,737,000 20,562,000 21,244,000 21,834,000 22,228,000 27,025,000 31,298,000 23,450,000 23,259,000         
      total current liabilities
    		91,877,000 81,346,000 80,283,000 80,912,000 91,913,000 78,262,000 79,622,000 92,630,000 84,410,000 77,187,000 64,768,000 52,622,000 70,373,000 55,138,000 38,708,000 31,554,000 35,776,000 27,223,000 24,975,000 24,101,000 
      revolving line of credit
    		126,750,000 131,750,000 141,750,000 141,750,000 141,750,000 146,750,000 168,750,000 40,000,000  20,000,000 45,000,000 48,000,000 85,640,000 85,140,000 90,140,000 55,140,000 60,140,000 49,000,000 39,000,000 20,000,000 
      right-of-use operating lease liabilities
    		39,492,000                    
      warranty liability, less current portion
    		3,041,000 4,685,000 5,457,000 11,392,000 20,000,000 16,182,000 20,091,000 23,815,000 39,360,000            
      other long-term liabilities
    		991,000 1,776,000 2,003,000 2,226,000 2,442,000 2,657,000 2,866,000 3,107,000 3,358,000 3,619,000 3,917,000 4,221,000 4,500,000 4,793,000 5,074,000 931,000     
      total liabilities
    		262,151,000 219,557,000 229,493,000 236,280,000 256,105,000 243,851,000 271,329,000 298,997,000 315,508,000 289,415,000 302,521,000 293,906,000 507,222,000 488,177,000 475,920,000 433,912,000 393,932,000 308,438,000 295,117,000 379,433,000 
      commitments and contingencies
    		                    
      stockholders’ equity
    		                    
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of september 30, 2025 and december 31, 2024
    		                    
      class a common stock
    		2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000  
      additional paid-in capital
    		490,879,000 488,525,000 485,960,000 483,550,000 479,764,000 468,787,000 474,749,000 470,542,000 466,768,000 461,705,000 457,304,000 256,894,000 104,539,000 101,243,000 98,376,000 95,684,000 92,149,000 78,883,000 78,073,000  
      treasury stock
    		-25,272,000 -25,272,000 -25,331,000 -25,331,000 -25,331,000 -15,231,000               
      retained earnings
    		124,031,000 112,152,000 98,297,000 98,579,000 90,761,000 91,028,000 79,226,000              
      total stockholders' equity
    		589,640,000 575,407,000 558,928,000 556,800,000 545,196,000 544,586,000 553,977,000 544,996,000 524,640,000 529,405,000 506,080,000  22,670,000 8,440,000       
      total liabilities and stockholders’ equity
    		851,791,000 794,964,000 788,421,000 793,080,000 801,301,000 788,437,000 825,306,000 843,993,000 840,148,000 818,820,000 808,601,000 594,895,000 529,892,000 496,617,000       
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of june 30, 2025 and december 31, 2024
    		                    
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of march 31, 2025 and december 31, 2024
    		                    
      long-term debt—current portion
    		       2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 3,500,000 3,500,000 3,500,000 
      long-term debt, less current portion
    		       139,445,000 188,380,000 188,609,000 188,836,000 189,063,000 189,289,000 189,515,000 189,689,000 189,913,000 190,136,000 188,859,000 189,450,000 335,332,000 
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of december 31, 2024 and 2023
    		                    
      class b common stock
    		           1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000  
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of september 30, 2024 and december 31, 2023
    		                    
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of june 30, 2024 and december 31, 2023
    		                    
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of march 31, 2024 and december 31, 2023
    		                    
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of december 31, 2023 and 2022
    		                    
      accumulated earnings
    		       74,452,000 57,870,000 67,698,000 48,774,000 34,478,000         
      total stockholders’ equity attributable to shoals technologies group, inc.
    		       544,996,000 524,640,000 529,405,000 506,080,000 291,374,000 26,408,000 15,154,000 7,885,000      
      non-controlling interests
    		           9,615,000 -3,738,000 -6,714,000 -9,333,000 -10,051,000 -11,982,000 -19,825,000 -22,593,000  
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of september 30, 2023 and december 31, 2022
    		                    
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of june 30, 2023 and december 31, 2022
    		                    
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of march 31, 2023 and december 31, 2022
    		                    
      payable pursuant to the tax receivable agreement
    		               156,374,000 107,880,000 43,356,000 41,692,000  
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of december 31, 2022 and 2021
    		                    
      total stockholders’ equity
    		           300,989,000         
      liabilities and stockholders' equity
    		                    
      current portion of payable pursuant to the tax receivable agreement
    		            3,583,000 3,583,000 4,065,000      
      payable pursuant to the tax receivable agreement, less current portion
    		            157,420,000 153,591,000 152,309,000      
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of september 30, 2022 and december 31, 2021
    		                    
      accumulated deficit
    		            -78,133,000 -86,091,000 -90,493,000 -93,133,000 -91,296,000 -93,782,000 -98,340,000  
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of june 30, 2022 and december 31, 2021
    		                    
      liabilities and stockholders' deficit
    		                    
      accrued expenses
    		              14,764,000 9,569,000 15,112,000 9,499,000 8,534,000 5,967,000 
      stockholders’ deficit
    		                    
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of march 31, 2022 and december 31, 2021
    		                    
      total stockholders' deficit
    		              -1,448,000      
      total liabilities and stockholders’ deficit
    		              474,472,000      
      liabilities and stockholders' deficit / members’ deficit
    		                    
      stockholders’ deficit / members’ deficit
    		                    
      members’ deficit
    		                    
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of december 31, 2021
    		                    
      total stockholders’ equity attributable to shoals technologies group, inc. / members' equity
    		               2,553,000     
      total stockholders’ deficit / members’ deficit
    		               -7,498,000 -11,127,000 -34,722,000 -42,858,000  
      total liabilities and stockholders’ deficit / members’ deficit
    		               426,414,000 382,805,000 273,716,000 252,259,000  
      deferred tax asset
    		                121,545,000 49,573,000 48,492,000  
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of september 30, 2021
    		                    
      total stockholders’ equity attributable to shoals technologies group, inc. / members' deficit
    		                855,000    
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of june 30, 2021
    		                    
      total stockholders’ deficit attributable to shoals technologies group, inc. / members' deficit
    		                 -14,897,000 -20,265,000  
      preferred stock, 0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of march 31, 2021
    		                    
      cash
    		                   10,000 
      stockholder’s equity:
    		                    
      common stock
    		                   10,000 
      total stockholder’s equity
    		                   10,000 
      liabilities and members’ equity
    		                    
      members’ equity
    		                   -184,123,000 
      total liabilities and members’ equity
    		                   195,310,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.