Short answer
Shoals Technologies Group, Inc. (SHLS) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $141M (up 74.9% year over year) with net income of −$297,000.
Q1 2026 key financials · XBRL
- Revenue
- $141M
- +74.9% YoY
- Net income
- −$297,000
- −5.3% YoY
- Operating margin
- 5.5%
- Gross margin
- 29.2%
- EPS (diluted)
- $0.00
Source: XBRL data from the Shoals Technologies Group, Inc. (SHLS) Q1 2026 10-Q on SEC EDGAR. USD.
Shoals Technologies Group, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $140.6M, up 74.9% YoY from $80.4M, driven by demand, market-share initiatives, and higher project volume
- Gross margin 29.2% vs 35.0% YoY, pressured by $3.8M additional tariffs and $1.4M right-of-use amortization
- Adjusted EBITDA $21.1M vs $13.5M YoY, while net loss reached $0.3M versus $0.3M
- Backlog and awarded orders $758.0M, up 17.5% YoY, with $375.5M backlog deliveries expected within twelve months
- Headwinds: tariffs, elevated material costs, supply-chain disruption, tax-credit uncertainty, and geopolitical tensions through 2026
Risk Factors
- No material changes identified; 2025 Form 10-K risk factors remain applicable
- Additional unknown risks could materially adversely affect business, financial condition, or results
- No newly triggered regulatory, legal, compliance, or insider-trading risk disclosed
- No quarter-specific operational, competitive, market, liquidity, debt, currency, or concentration updates disclosed
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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