Shoals Technologies Group (SHLS) Revenue & Revenue Breakdown
Shoals Technologies Group Revenue Highlights
Latest Revenue (Y)
$488.94M
Latest Revenue (Q)
$99.25M
Main Segment (Y)
System Solutions
Shoals Technologies Group Revenue by Period
Shoals Technologies Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $488.94M | 49.55% |
| 2022-12-31 | $326.94M | 53.34% |
| 2021-12-31 | $213.21M | 21.48% |
| 2020-12-31 | $175.52M | 21.47% |
| 2019-12-31 | $144.50M | 39.27% |
| 2018-12-31 | $103.75M | - |
Shoals Technologies Group generated $488.94M in revenue during NA 2023, up 49.55% compared to the previous quarter, and up 471.27% compared to the same period a year ago.
Shoals Technologies Group Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $99.25M | 9.30% |
| 2024-03-31 | $90.81M | -30.38% |
| 2023-12-31 | $130.44M | -2.81% |
| 2023-09-30 | $134.21M | 12.58% |
| 2023-06-30 | $119.21M | 13.44% |
| 2023-03-31 | $105.09M | 11.02% |
| 2022-12-31 | $94.65M | 4.21% |
| 2022-09-30 | $90.82M | 23.59% |
| 2022-06-30 | $73.49M | 8.11% |
| 2022-03-31 | $67.98M | 41.48% |
| 2021-12-31 | $48.05M | -19.71% |
| 2021-09-30 | $59.84M | 0.20% |
| 2021-06-30 | $59.72M | 30.96% |
| 2021-03-31 | $45.60M | 17.68% |
| 2020-12-31 | $38.75M | -26.32% |
| 2020-09-30 | $52.60M | 21.12% |
| 2020-06-30 | $43.43M | 6.60% |
| 2020-03-31 | $40.74M | 7.54% |
| 2019-12-31 | $37.88M | - |
Shoals Technologies Group generated $99.25M in revenue during Q2 2024, up 9.30% compared to the previous quarter, and up 94.45% 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/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Components | $90.56M | $72.53M | - |
| System Solutions | $398.38M | $254.41M | $155.82M |
| Solar Components | - | - | $57.39M |
Shoals Technologies Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: System Solutions (81.48%), and Components (18.52%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| System Solutions | $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 |
| Components | $25.75M | $24.87M | $34.75M | $17.15M | $13.79M | $13.37M | $21.34M | - | - | - | - | - | - |
| 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 Mar 24: System Solutions (71.65%), and Components (28.35%).
SHLS Revenue FAQ
What is Shoals Technologies Group’s yearly revenue?
Shoals Technologies Group's yearly revenue for 2023 was $488.94M, representing an increase of 49.55% compared to 2022. The company's yearly revenue for 2022 was $326.94M, representing an increase of 53.34% compared to 2021. SHLS's yearly revenue for 2021 was $213.21M, representing an increase of 21.48% compared to 2020.
What is Shoals Technologies Group’s quarterly revenue?
Shoals Technologies Group's quarterly revenue for Q2 2024 was $99.25M, a 9.30% increase from the previous quarter (Q1 2024), and a -16.74% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $90.81M, a -30.38% decrease from the previous quarter (Q4 2023), and a -13.59% decrease year-over-year (Q1 2023). SHLS's quarterly revenue for Q4 2023 was $130.44M, a -2.81% decrease from the previous quarter (Q3 2023), and a 37.81% increase year-over-year (Q4 2022).
What is Shoals Technologies Group’s revenue growth rate?
Shoals Technologies Group's revenue growth rate for the last 3 years (2021-2023) was 129.32%, and for the last 5 years (2019-2023) was 238.38%.
What are Shoals Technologies Group’s revenue streams?
Shoals Technologies Group's revenue streams in c 23 are Components, and System Solutions. Components generated $90.56M in revenue, accounting 18.52% of the company's total revenue, up 24.86% year-over-year. System Solutions generated $398.38M in revenue, accounting 81.48% of the company's total revenue, up 56.59% year-over-year.
What is Shoals Technologies Group’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Shoals Technologies Group was System Solutions. This segment made a revenue of $398.38M, representing 81.48% of the company's total revenue.