Short answer
Shoals Technologies Group, Inc. (SHLS) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $475M (+19.1% year over year) and net income of $34M.
- Top risk flagged: No specific, timely regulatory or legal risk detailed in the cybersecurity governance description
FY2025 key financial metrics · XBRL
- Revenue
- $475M
- +19.1% YoY
- Net income
- $34M
- +39.2% YoY
- Operating margin
- 11.9%
- −1.0 pp YoY
- Gross margin
- 35.0%
- −0.5 pp YoY
- EPS (diluted)
- $0.20
- +42.9% YoY
- ROE
- 5.6%
- +1.3 pp YoY
- Operating cash flow
- $17M
- −78.8% YoY
Source: XBRL data from the Shoals Technologies Group, Inc. (SHLS) FY2025 10-K on SEC EDGAR. USD.
Shoals Technologies Group, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
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
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
Generated from the filing text; verify against the original. How to read a 10-K
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