---
title: "Shoals Tech (SHLS.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/SHLS.US/norm.md"
symbol: "SHLS.US"
name: "Shoals Tech"
parent: "https://longbridge.com/en/quote/SHLS.US.md"
datetime: "2026-05-20T10:33:18.912Z"
locales:
  - [en](https://longbridge.com/en/quote/SHLS.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/SHLS.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/SHLS.US/norm.md)
---

# Shoals Tech (SHLS.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0018 | 0.0485 | 0.0700 | 0.0800 | -0.0017 |
| ROE | -0.20% | 5.46% | 8.16% | 9.77% | -0.20% |
| Revenue | 140.56M | 148.32M | 135.80M | 110.84M | 80.36M |
| Net income | -297000.00 | 8.12M | 11.88M | 13.86M | -282000.00 |
| Operating income | 11.43M | 23.84M | 25.50M | 16.00M | 6.84M |
| Gross margin | 29.18% | 31.63% | 37.00% | 37.17% | 35.02% |
| Net margin | -0.21% | 5.48% | 8.75% | 12.50% | -0.35% |
| Profit quality | -27.56% | -583.31% | 131.34% | -115.75% | 43.97% |

## Balance Sheet (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 1.03B | 904.10M | 851.79M | 794.96M | 788.42M |
| Leverage | 1.71 | 1.51 | 1.44 | 1.38 | 1.41 |
| BVPS | 3.59 | 3.58 | 3.52 | 3.44 | 3.34 |
| Turnover | 0.5887 | 0.5601 | 0.5251 | 0.5057 | 0.4818 |
| Cash & STI | 1.88M | 7.32M | 8.59M | 4.69M | 35.61M |
| Inv & Rec | 158.99M | 89.88M | 60.35M | 56.90M | 61.17M |
| LT assets | 104.07M | 99.35M | 96.27M | 41.98M | 30.04M |
| Net debt | 217.67M | 171.31M | 157.65M | 127.06M | 106.14M |

## Cash Flow Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -41.45M | -4.09M | 19.42M | -13.82M | 15.56M |
| Investing CF | -7.65M | -7.16M | -10.45M | -7.13M | -3.21M |
| Financing CF | 43.65M | 9.98M | -5.07M | -9.97M | -251000.00 |
| Free CF | -38.99M | -11.94M | 14.59M | -28.48M | 19.97M |
| OCF coverage | -541.95% | -57.05% | 54.77% | -42.89% | 67.03% |
| Repaid & issued | 45.00M | 10.00M | 20.00M | 10.00M | 20.00M |
| CapEx | -7.65M | -7.16M | -10.45M | -12.22M | -3.21M |