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Shoals Technologies Group (SHLS) Revenue & Revenue Breakdown

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Shoals Technologies Group Revenue Highlights

Latest Revenue (Y)

$399.21M

Latest Revenue (Q)

$135.80M

Main Segment (Y)

System Solutions

Shoals Technologies Group Revenue by Period

Shoals Technologies Group Revenue by Year

DateRevenueChange
2024-12-31$399.21M-18.35%
2023-12-31$488.94M49.55%
2022-12-31$326.94M53.34%
2021-12-31$213.21M21.48%
2020-12-31$175.52M21.47%
2019-12-31$144.50M39.27%
2018-12-31$103.75M-

Shoals Technologies Group generated $399.21M in revenue during NA 2024, up -18.35% compared to the previous quarter, and up 276.28% compared to the same period a year ago.

Shoals Technologies Group Revenue by Quarter

DateRevenueChange
2025-09-30$135.80M22.52%
2025-06-30$110.84M37.93%
2025-03-31$80.36M-24.89%
2024-12-31$106.99M4.72%
2024-09-30$102.17M2.94%
2024-06-30$99.25M9.30%
2024-03-31$90.81M-30.38%
2023-12-31$130.44M-2.81%
2023-09-30$134.21M12.58%
2023-06-30$119.21M13.44%
2023-03-31$105.09M11.02%
2022-12-31$94.65M4.21%
2022-09-30$90.82M23.59%
2022-06-30$73.49M8.11%
2022-03-31$67.98M41.48%
2021-12-31$48.05M-19.71%
2021-09-30$59.84M0.20%
2021-06-30$59.72M30.96%
2021-03-31$45.60M17.68%
2020-12-31$38.75M-26.32%
2020-09-30$52.60M21.12%
2020-06-30$43.43M6.60%
2020-03-31$40.74M7.54%
2019-12-31$37.88M-

Shoals Technologies Group generated $135.80M in revenue during Q3 2025, up 22.52% compared to the previous quarter, and up 136.83% compared to the same period a year ago.

Shoals Technologies Group Revenue Breakdown

Shoals Technologies Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21
System Solutions$306.14M$398.38M$254.41M$155.82M
Components$93.06M$90.56M$72.53M-
Solar Components---$57.39M

Shoals Technologies Group's latest annual revenue breakdown by segment (product or service), as of Dec 24: System Solutions (76.69%), and Components (23.31%).

Quarterly Revenue by Product

Product/ServiceJun 25Mar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Components$26.43M$22.97M$43.74M$23.58M$25.75M$24.87M$34.75M$17.15M$13.79M$13.37M$21.34M------
System Solutions$84.41M$57.39M$162.50M$78.59M$65.06M$105.56M$99.46M$102.06M$91.30M$81.28M$69.49M$56.82M$46.83M$32.57M$38.64M$51.24M$33.37M
Solar Components-----------$16.67M$21.15M$15.48M$21.20M$8.48M$12.23M

Shoals Technologies Group's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: System Solutions (76.16%), and Components (23.84%).

Shoals Technologies Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
CLMTCalumet$7.91B$993.90M
CSIQCanadian Solar$7.61B$1.33B
BTEBaytex Energy$3.38B$775.02M
EFXTEnerflex$3.16B$860.40M
TALOTalos Energy$1.97B$424.72M
XPROExpro Group$1.71B$411.36M
ARRYArray$1.58B$302.36M
AESIAtlas Energy Solutions$1.06B$259.61M
SEDGSolarEdge$901.46M$289.43M
SHLSShoals Technologies Group$399.21M$135.80M

SHLS Revenue FAQ

What is Shoals Technologies Group’s yearly revenue?

Shoals Technologies Group's yearly revenue for 2024 was $399.21M, representing a decrease of -18.35% compared to 2023. The company's yearly revenue for 2023 was $488.94M, representing an increase of 49.55% compared to 2022. SHLS's yearly revenue for 2022 was $326.94M, representing an increase of 53.34% compared to 2021.

What is Shoals Technologies Group’s quarterly revenue?

Shoals Technologies Group's quarterly revenue for Q3 2025 was $135.8M, a 22.52% increase from the previous quarter (Q2 2025), and a 32.93% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $110.84M, a 37.93% increase from the previous quarter (Q1 2025), and a 11.68% increase year-over-year (Q2 2024). SHLS's quarterly revenue for Q1 2025 was $80.36M, a -24.89% decrease from the previous quarter (Q4 2024), and a -11.50% decrease year-over-year (Q1 2024).

What is Shoals Technologies Group’s revenue growth rate?

Shoals Technologies Group's revenue growth rate for the last 3 years (2022-2024) was 22.10%, and for the last 5 years (2020-2024) was 127.45%.

What are Shoals Technologies Group’s revenue streams?

Shoals Technologies Group's revenue streams in c 24 are System Solutions, and Components. System Solutions generated $306.14M in revenue, accounting 76.69% of the company's total revenue, down -23.15% year-over-year. Components generated $93.06M in revenue, accounting 23.31% of the company's total revenue, up 2.77% year-over-year.

What is Shoals Technologies Group’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Shoals Technologies Group was System Solutions. This segment made a revenue of $306.14M, representing 76.69% of the company's total revenue.