Shoals Technologies Group, Inc. Reports Financial Results for First Quarter 2026
Shoals Technologies Group, Inc. reported $140.6 million in revenue for Q1 2026, a 74.9% increase from the prior-year period, with a net loss of $0.3 million. The company raised its full-year revenue and adjusted EBITDA guidance.
Shoals Technologies Group, Inc. announced its Q1 2026 financial results, with revenue reaching $140.6 million, a 74.9% increase from $80.4 million in the prior-year period. The company's gross profit was $41.0 million, and income from operations was $7.7 million. Shoals recorded a net loss of $0.3 million and adjusted EBITDA of $21.1 million. The company has a record backlog and awarded orders of $758.0 million. Shoals raised its full-year revenue and adjusted EBITDA guidance, citing strong demand and a competitive position in the market.
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