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Shoals Technologies Group (SHLS) Revenue & Revenue Breakdown

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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

DateRevenueChange
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 $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

DateRevenueChange
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 $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/ServiceDec 23Dec 22Dec 21
System Solutions$398.38M$254.41M$155.82M
Components$90.56M$72.53M-
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/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Components$23.58M$25.75M$24.87M$34.75M$17.15M$13.79M$13.37M$21.34M------
System Solutions$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 Sep 24: System Solutions (76.92%), and Components (23.08%).

Shoals Technologies Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
FLNCFluence Energy$2.70B$623.14M
PLTKPlaytika$2.57B$620.80M
ARRYArray$1.58B$231.41M
NOVASunnova Energy$720.65M$235.29M
SHLSShoals Technologies Group$488.94M$99.25M

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 System Solutions, and Components. System Solutions generated $398.38M in revenue, accounting 81.48% of the company's total revenue, up 56.59% year-over-year. Components generated $90.56M in revenue, accounting 18.52% of the company's total revenue, up 24.86% 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.