SHLS at a glance
Shoals Technologies Group, Inc. (SHLS, SEC CIK 1831651) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 31, 2026 and Form 4 insider filings as recently as September 11, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Shoals Technologies Group, Inc. (SHLS) reported revenue of $475.3 million (up 19.1% from FY2024) and net income of $33.6 million. Diluted EPS was $0.20.
- As of June 30, 2026, 33 institutional investment managers tracked by SignalX reported holding Shoals Technologies Group, Inc. (SHLS) shares worth $935.8 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by King Bobbie Lee Jr on June 16, 2026 of 10,000 shares at $10.41 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $475.3M
- +19.1% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 33 funds
- $935.8M · −3 vs prior quarter
- Latest 8-K
- Aug 31, 2026
- Item 1.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: design-engineering and manufacture of advanced electrical infrastructure solutions for solar PV, BESS, data centers, and OEMs
- New emphasis on BESS Recombiner platform supporting DC inputs aggregation, modular scalable designs, reducing inverter counts by up to 75%
- Strategic expansion into data center power systems leveraging BESS and DC power expertise, targeting mission-critical infrastructure growth
- Employee count approximately 1,480 as of Dec 31, 2025, with significant investment expanding Tennessee manufacturing to new larger consolidated facility
- Patent portfolio with 39 US issued patents and 49 global patent applications, majority expiring 2035 or later, supporting product differentiation
Risk Factors
- No specific, timely regulatory or legal risk detailed in the cybersecurity governance description
- No geopolitical or macroeconomic threat with concrete exposure noted in the text
- Operational vulnerability from cybersecurity reliance on internal IT team and external vendors managing incident response
- No named competitor or technology-based market disruption risk present in the provided section
- Key-person dependency risk with Vice President of IT leading cybersecurity and reporting directly to Board annually
Management Discussion & Analysis
- Revenue details, YoY change, and profit margins not explicitly disclosed in the MD&A excerpt provided
- Warranty liability related to wire insulation shrinkback estimated $73.0M as of Dec 31, 2025, with $69.7M incurred to date
- Warranty expense for wire shrinkback: $0 in 2025, $13.3M in 2024, $59.2M in 2023
- Warranty liability decreased from $39.9M (Dec 31, 2024) to $3.3M (Dec 31, 2025) related to shrinkback issue
AI summary of the SHLS 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $163.4M, up 47.4% YoY from $110.8M, driven by demand, market-share initiatives, and project volume
- Gross margin 30.3% vs 37.2% YoY; manufacturing ramp-up, quality rework, mix, and material inefficiencies
- Gross profit $49.5M, up 20.2% YoY; operating income $18.7M, up 17.0%
- Backlog and awarded orders $801.4M, up 19.4% YoY; next-twelve-month deliveries $699.6M
- Tariffs, sourcing costs, elevated interest rates, policy uncertainty, and geopolitical tensions as near-term headwinds
Risk Factors
- No material risk-factor changes disclosed from the 2025 Form 10-K
- Credit risk: Amendment No. 7 added 2026 incremental revolving lenders on June 10, 2026
- Securities-compliance risk: Officers adopted plans to sell 110,000 shares under Rule 10b5-1 arrangements
- Insider-selling risk: Jeffery Tolnar’s plan covers 100,000 shares through May 1, 2027
- Information risk: Additional unknown risks may materially adversely affect operations or financial condition
AI summary of the SHLS 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- Credit agreement Amendment No. 8 executed August 28, 2026
- JPMorgan account maintenance now satisfies collateral-control perfection requirements
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results covered the three months ended June 30, 2026
- Press release furnished as Exhibit 99.1 contains the financial results and management commentary
Item EX-99.1: Item EX-99.1
- Q2 revenue $163.4M, up 47.4% YoY; demand and market-share gains support strong top-line momentum
- Adjusted EBITDA $31.6M, up from $24.7M; GAAP gross margin fell to 30.3% from 37.2%
Item 1.01: Entry into a Material Definitive Agreement
- $50 million incremental revolving facility available for 18 months, increasing Shoals’ liquidity capacity
- Maximum consolidated total leverage ratio set at 4.00:1.00, replacing the first-lien leverage covenant
AI summaries of SHLS 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for SHLS
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- Fund moves. Which tracked funds opened, added or cut SHLS, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Moen Kirsten | F | Sep 9, 2026 | 2,790 | $7.06 |
| MOSS BRANDON | F | Aug 13, 2026 | 104,386 | $8.14 |
| MOSS BRANDON | F | Jul 17, 2026 | 9,133 | $10.30 |
| King Bobbie Lee Jr | Sell | Jun 16, 2026 | 10,000 | $10.41 |
| King Bobbie Lee Jr | F | Jun 16, 2026 | 6,377 | $9.96 |
| King Bobbie Lee Jr | G | Jun 16, 2026 | 1,000 | - |
| King Bobbie Lee Jr | F | Jun 15, 2026 | 6,377 | $10.30 |
| Bardos Dominic | F | Jun 1, 2026 | 30,204 | $12.18 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $488.9M | $399.2M | $475.3M |
| Gross Profit | - | $142.0M | $166.5M |
| Operating Income | - | $51.2M | $56.4M |
| Net Income | - | $24.1M | $33.6M |
| Gross Margin | - | 35.6% | 35.0% |
| Op. Margin | - | 12.8% | 11.9% |
| Net Margin | - | 6.0% | 7.1% |
| Balance Sheet | |||
| Total Assets | - | $793.1M | $904.1M |
| Equity | - | $556.8M | $600.0M |
| ROE | - | 4.3% | 5.6% |
| Per Share | |||
| EPS | - | $0.14 | $0.20 |
| Cash Flow | |||
| Operating CF | - | $80.4M | $17.1M |
| CapEx | $10.6M | $8.4M | $33.0M |
Source: XBRL data in Shoals Technologies Group, Inc. (SHLS)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate SHLS share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 33 | $935.8M |
| Q1 2026 | 36 | $579.1M |
| Q4 2025 | 31 | $705.6M |
| Q3 2025 | 30 | $627.7M |
| Q2 2025 | 31 | $346.4M |
| Q1 2025 | 26 | $153.5M |
| Q4 2024 | 20 | $243.2M |
| Q3 2024 | 17 | $128.0M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 224 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
SHLS filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 11, 2026 | - | - | - |
| 8-K | Aug 31, 2026 | - | Analysis | - |
| 4 | Aug 14, 2026 | - | - | - |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jul 20, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 8-K | Jun 12, 2026 | - | Analysis | - |
| 8-K | Jun 12, 2026 | - | Analysis | - |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 10-Q | May 5, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 8-K | May 1, 2026 | - | Analysis | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| SC 13G | Apr 30, 2026 | - | - | |
| 4 | Mar 6, 2026 | - | - | - |
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SHLS SEC filings: frequently asked questions
Which institutions hold SHLS stock?
As of June 30, 2026, the largest Shoals Technologies Group, Inc. (SHLS) holders among the 13F filers tracked by SignalX were BlackRock ($284.4 million), T. Rowe Price Group ($213.9 million), Vanguard Capital Management LLC ($73.6 million), Invesco Ltd ($70.9 million), State Street Corp ($59.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was SHLS's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Shoals Technologies Group, Inc. (SHLS) reported revenue of $475.3 million (up 19.1% from FY2024) and net income of $33.6 million. Diluted EPS was $0.20. The figures come from the XBRL data in the 10-K.
What are the main risks in SHLS's latest 10-K?
In the 10-K filed February 24, 2026, Shoals Technologies Group, Inc. (SHLS) flagged: No specific, timely regulatory or legal risk detailed in the cybersecurity governance description. No geopolitical or macroeconomic threat with concrete exposure noted in the text. (AI summary of the Risk Factors section.)
What did SHLS report in its latest 8-K?
Shoals Technologies Group, Inc. (SHLS) filed an 8-K on August 31, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). Credit agreement Amendment No. 8 executed August 28, 2026.
What are the latest SHLS SEC filings?
Shoals Technologies Group, Inc. (SHLS) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 31, 2026 and a Form 4 insider filing on September 11, 2026.
What is SHLS's SEC CIK number?
Shoals Technologies Group, Inc. (SHLS)'s SEC Central Index Key (CIK) is 1831651. EDGAR lists every SHLS filing under that number.
Ask anything about SHLS
The research agent reads SHLS's filings, financials, insider trades and 13F holders, then answers with sources.