Shoals Technologies Group Quarterly Income Statements Chart
Quarterly
|
Annual
Shoals Technologies Group Quarterly Income Statements Table
Quarterly
|
Annual
| Unit: USD | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| revenue | 110,841,000 | 80,361,000 | 106,987,000 | 102,165,000 | 99,249,000 | 90,807,000 | 130,436,000 | 134,209,000 | 119,208,000 | 105,086,000 | 94,651,000 | 90,823,000 | 73,490,000 | 67,976,000 | 48,046,000 | 59,840,000 | 59,722,000 | 45,604,000 | |
| yoy | 11.68% | -11.50% | -17.98% | -23.88% | -16.74% | -13.59% | 37.81% | 47.77% | 62.21% | 54.59% | 97.00% | 51.78% | 23.05% | 49.06% | |||||
| qoq | 37.93% | -24.89% | 4.72% | 2.94% | 9.30% | -30.38% | -2.81% | 12.58% | 13.44% | 11.02% | 4.21% | 23.59% | 8.11% | 41.48% | -19.71% | 0.20% | 30.96% | ||
| cost of revenue | 69,639,000 | 52,221,000 | 66,803,000 | 76,789,000 | 59,252,000 | 54,347,000 | 75,056,000 | 120,059,000 | 68,691,000 | 56,829,000 | 54,272,000 | 54,776,000 | 44,897,000 | 41,684,000 | 32,123,000 | 38,071,000 | 33,543,000 | 26,830,000 | |
| gross profit | 41,202,000 | 28,140,000 | 40,184,000 | 25,376,000 | 39,997,000 | 36,460,000 | 55,380,000 | 14,150,000 | 50,517,000 | 48,257,000 | 40,379,000 | 36,047,000 | 28,593,000 | 26,292,000 | 15,923,000 | 21,769,000 | 26,179,000 | 18,774,000 | |
| yoy | 3.01% | -22.82% | -27.44% | 79.34% | -20.82% | -24.45% | 37.15% | -60.75% | 76.68% | 83.54% | 153.59% | 65.59% | 9.22% | 40.04% | |||||
| qoq | 46.42% | -29.97% | 58.35% | -36.56% | 9.70% | -34.16% | 291.38% | -71.99% | 4.68% | 19.51% | 12.02% | 26.07% | 8.75% | 65.12% | -26.85% | -16.85% | 39.44% | ||
| gross margin % | 37.17% | 35.02% | 37.56% | 24.84% | 40.30% | 40.15% | 42.46% | 10.54% | 42.38% | 45.92% | 42.66% | 39.69% | 38.91% | 38.68% | 33.14% | 36.38% | 43.83% | 41.17% | |
| operating expenses | |||||||||||||||||||
| general and administrative expenses | 23,064,000 | 21,693,000 | 21,521,000 | 18,743,000 | 19,218,000 | 22,772,000 | 21,453,000 | 22,551,000 | 16,723,000 | 19,992,000 | 14,871,000 | 13,853,000 | 13,265,000 | 13,919,000 | 11,028,000 | 10,031,000 | 10,018,000 | 6,816,000 | |
| depreciation and amortization | 2,140,000 | 2,135,000 | 2,180,000 | 2,109,000 | 2,198,000 | 2,104,000 | 2,057,000 | 2,170,000 | 2,158,000 | 2,165,000 | 2,134,000 | 2,229,000 | 2,344,000 | 2,366,000 | 2,215,000 | 2,175,000 | 2,062,000 | 2,068,000 | |
| total operating expenses | 25,204,000 | 23,828,000 | 23,701,000 | 20,852,000 | 21,416,000 | 24,876,000 | 23,510,000 | 24,721,000 | 18,881,000 | 22,157,000 | 17,005,000 | 16,082,000 | 15,609,000 | 16,285,000 | 13,243,000 | 12,206,000 | 12,080,000 | 8,884,000 | |
| income from operations | 15,998,000 | 4,312,000 | 16,483,000 | 4,524,000 | 18,581,000 | 11,584,000 | 31,870,000 | -10,571,000 | 31,636,000 | 26,100,000 | 23,374,000 | 19,965,000 | 12,984,000 | 10,007,000 | 2,680,000 | 9,563,000 | 14,099,000 | 9,890,000 | |
| yoy | -13.90% | -62.78% | -48.28% | -142.80% | -41.27% | -55.62% | 36.35% | -152.95% | 143.65% | 160.82% | 772.16% | 108.77% | -7.91% | 1.18% | |||||
| qoq | 271.01% | -73.84% | 264.35% | -75.65% | 60.40% | -63.65% | -401.49% | -133.41% | 21.21% | 11.66% | 17.07% | 53.77% | 29.75% | 273.40% | -71.98% | -32.17% | 42.56% | ||
| operating margin % | 14.43% | 5.37% | 15.41% | 4.43% | 18.72% | 12.76% | 24.43% | -7.88% | 26.54% | 24.84% | 24.69% | 21.98% | 17.67% | 14.72% | 5.58% | 15.98% | 23.61% | 21.69% | |
| interest expense | -2,236,000 | -2,415,000 | -3,314,000 | -3,088,000 | -3,063,000 | -4,362,000 | -5,700,000 | -5,899,000 | -6,505,000 | -5,996,000 | -5,778,000 | -4,754,000 | -4,170,000 | -3,836,000 | -3,638,000 | -3,582,000 | -3,620,000 | -3,709,000 | |
| interest income | 76,000 | 118,000 | |||||||||||||||||
| gain on sale of asset | 3,134,000 | ||||||||||||||||||
| income before income taxes | 16,972,000 | 2,015,000 | 13,687,000 | 1,436,000 | 15,518,000 | 7,222,000 | 26,170,000 | -16,470,000 | 25,131,000 | 20,104,000 | 121,804,000 | 15,211,000 | 8,814,000 | 6,171,000 | 1,057,000 | 3,967,000 | 8,815,000 | -9,809,000 | |
| income tax expense | -3,117,000 | -2,297,000 | -3,716,000 | -2,448,000 | -6,207,000 | -3,121,000 | |||||||||||||
| net income | 13,855,000 | -282,000 | 7,818,000 | -267,000 | 11,802,000 | 4,774,000 | 16,582,000 | -9,828,000 | 18,924,000 | 16,983,000 | 118,302,000 | 12,759,000 | 7,303,000 | 4,649,000 | -2,152,000 | 5,276,000 | 9,154,000 | -8,334,000 | |
| yoy | 17.40% | -105.91% | -52.85% | -97.28% | -37.63% | -71.89% | -85.98% | -177.03% | 159.13% | 265.30% | -5597.30% | 141.83% | -20.22% | -155.78% | |||||
| qoq | -5013.12% | -103.61% | -3028.09% | -102.26% | 147.21% | -71.21% | -268.72% | -151.93% | 11.43% | -85.64% | 827.20% | 74.71% | 57.09% | -316.03% | -140.79% | -42.36% | -209.84% | ||
| net income margin % | 12.50% | -0.35% | 7.31% | -0.26% | 11.89% | 5.26% | 12.71% | -7.32% | 15.87% | 16.16% | 124.99% | 14.05% | 9.94% | 6.84% | -4.48% | 8.82% | 15.33% | -18.27% | |
| earnings per share of class a common stock: | |||||||||||||||||||
| basic | 0.08 | 0 | 0.04 | 0 | 0.07 | 0.03 | 0.1 | -0.06 | 0.11 | 0.1 | 0.98 | 0.07 | 0.04 | 0.02 | 0.005 | 0.02 | 0.05 | -0.06 | |
| diluted | 0.08 | 0 | 0.04 | 0 | 0.07 | 0.03 | 0.1 | -0.06 | 0.11 | 0.1 | 0.72 | 0.07 | 0.04 | 0.02 | 0.005 | 0.02 | 0.05 | -0.06 | |
| weighted-average shares of class a common stock outstanding: | |||||||||||||||||||
| basic | 167,286 | 166,960 | 168,570 | 167,318 | 169,991 | 170,282 | 164,165 | 169,965 | 169,887 | 146,409 | 114,495 | 112,975 | 112,489 | 112,211 | 99,269 | 101,890 | 93,544 | 93,540 | |
| diluted | 167,562 | 166,960 | 168,725 | 167,381 | 170,100 | 170,514 | 164,504 | 169,965 | 170,241 | 147,107 | 167,631 | 113,584 | 112,616 | 112,240 | 99,269 | 102,251 | 166,827 | 93,540 | |
| income tax benefit | -1,966,750 | -1,703,000 | -671,500 | 6,642,000 | -1,371,250 | -2,452,000 | -1,511,000 | -1,522,000 | 780,750 | 1,309,000 | 339,000 | 1,475,000 | |||||||
| less: net income attributable to non-controlling interests | 2,687,000 | 5,691,000 | 4,801,000 | 2,901,000 | 2,009,000 | -315,000 | 2,790,000 | 4,596,000 | -5,475,000 | ||||||||||
| net income attributable to shoals technologies group, inc. | 7,818,000 | -267,000 | 11,802,000 | 4,774,000 | 16,582,000 | -9,828,000 | 18,924,000 | 14,296,000 | 112,611,000 | 7,958,000 | 4,402,000 | 2,640,000 | -1,837,000 | 2,486,000 | 4,558,000 | -2,859,000 | |||
| payable pursuant to the tax receivable agreement adjustment | |||||||||||||||||||
| loss on debt repayment | -15,990,000 | ||||||||||||||||||
| tax receivable agreement liability adjustment | -919,500 | -2,014,000 | -1,664,000 |
We provide you with 20 years income statements for Shoals Technologies Group stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Shoals Technologies Group stock. Explore the full financial landscape of Shoals Technologies Group stock with our expertly curated income statements.
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