The table below shows Shoals Technologies Group, Inc.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$475.33M
$399.21M
$488.94M
$326.94M
$213.21M
$175.52M
Cost of revenue
$308.82M
$257.19M
$320.63M
$195.63M
$130.57M
$108.97M
Gross profit
$166.51M
$142.02M
$168.30M
$131.31M
$82.64M
$66.55M
R&D
-
-
-
-
-
-
SG&A
SHLS annual revenue (10-K history)
Shoals Technologies Group, Inc. reported annual revenue of $475.33M for fiscal year 2025. That is up 19.1% from $399.21M in fiscal 2024. Over the 7 fiscal years shown, annual revenue grew from $144.50M (FY 2019) to $475.33M. Figures come from the company's audited annual reports as filed with the SEC.