SHLS
Income statement / Annual
Last year (2023), Shoals Technologies Group, Inc.'s total revenue was $488.94 M,
an increase of 49.55% from the previous year.
In 2023, Shoals Technologies Group, Inc.'s net income was $39.97 M.
See Shoals Technologies Group, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
| Operating Revenue |
$488.94 M
|
$326.94 M
|
$213.21 M
|
$175.52 M
|
$144.50 M
|
$103.75 M
|
| Cost of Revenue |
$320.64 M |
$195.63 M |
$130.57 M |
$108.97 M |
$100.28 M |
$75.58 M |
| Gross Profit |
$168.30 M |
$131.31 M |
$82.65 M |
$66.55 M |
$44.21 M |
$28.17 M |
| Gross Profit Ratio |
0.34 |
0.4 |
0.39 |
0.38 |
0.31 |
0.27 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$80.72 M
|
$55.91 M
|
$37.89 M
|
$21.01 M
|
$9.07 M
|
$8.90 M
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$80.72 M
|
$55.91 M
|
$37.89 M
|
$21.01 M
|
$9.07 M
|
$8.90 M
|
| Other Expenses |
$8.55 M |
$9.07 M |
$8.52 M |
$8.26 M |
$8.22 M |
$8.18 M |
| Operating Expenses |
$89.27 M |
$64.98 M |
$46.41 M |
$29.27 M |
$17.28 M |
$17.08 M |
| Cost And Expenses |
$409.90 M |
$260.61 M |
$176.98 M |
$138.24 M |
$117.57 M |
$92.66 M |
| Interest Income |
$0.00 |
$18.54 M |
$14.55 M |
$3.51 M |
$1.79 M |
$0.00 |
| Interest Expense |
$24.10 M |
$18.54 M |
$14.55 M |
$3.51 M |
$1.79 M |
$2.44 M |
| Depreciation &
Amortization |
$10.53 M
|
$10.51 M
|
$10.05 M
|
$9.41 M
|
$9.16 M
|
$8.99 M
|
| EBITDA |
$89.56 M
|
$181.05 M
|
$48.63 M
|
$46.68 M
|
$36.09 M
|
$20.08 M
|
| EBITDA Ratio |
0.18 |
0.55 |
0.21 |
0.27 |
0.25 |
0.19 |
| Operating Income Ratio
|
0.16
|
0.52
|
0.17
|
0.21
|
0.19
|
0.11
|
| Total Other
Income/Expenses Net |
-$24.10 M
|
$85.67 M
|
-$32.20 M
|
-$3.51 M
|
-$1.79 M
|
-$2.44 M
|
| Income Before Tax |
$54.94 M |
$152.00 M |
$4.03 M |
$33.77 M |
$25.14 M |
$8.65 M |
| Income Before Tax Ratio
|
0.11
|
0.46
|
0.02
|
0.19
|
0.17
|
0.08
|
| Income Tax Expense |
$12.27 M |
$8.99 M |
$86,000.00 |
$3.51 M |
$1.79 M |
$8.83 M |
| Net Income |
$39.97 M |
$127.61 M |
$3.94 M |
$33.77 M |
$25.14 M |
$8.65 M |
| Net Income Ratio |
0.08 |
0.39 |
0.02 |
0.19 |
0.17 |
0.08 |
| EPS |
0.24 |
1.11 |
0.0352 |
0.21 |
0.15 |
0.0539 |
| EPS Diluted |
0.24 |
0.76 |
0.0352 |
0.21 |
0.15 |
0.0519 |
| Weighted Average Shares
Out |
$164.17 M
|
$114.50 M
|
$112.05 M
|
$160.28 M
|
$160.28 M
|
$160.28 M
|
| Weighted Average Shares
Out Diluted |
$164.50 M
|
$167.63 M
|
$112.05 M
|
$160.28 M
|
$166.59 M
|
$166.59 M
|
| Link |
|
|
|
|
|
|
