Shoals Technologies Group, Inc.
SHLSNasdaqTechnology · Semiconductors & Related Devices · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $475.3M | $399.2M | $488.9M | $326.9M | $213.2M | $175.5M |
| Operating income | $56.4M | $51.2M | $79.0M | $66.3M | $36.2M | $37.3M |
| Net income | $33.6M | $24.1M | $40.0M | $127.6M | $2.3M | $33.8M |
| Total assets | $904.1M | $793.1M | $844.0M | $594.9M | $426.4M | $195.3M |
| Total liabilities | $304.1M | $236.3M | $299.0M | $293.9M | $433.9M | $379.4M |
| Equity | $600.0M | $556.8M | $545.0M | $291.4M | $2.6M | −$184.1M |
| EPS (diluted) | $0.20 | $0.14 | $0.24 | $0.85 | $0.00 | — |
| Shares out. | 168.4M | 168.7M | 164.5M | 167.6M | 99.3M | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 11.9%
- Net margin
- 7.1%
- Return on equity
- 5.6%
- Return on assets
- 3.7%
- Return on capital (ROCE)
- 7.3%
- Liabilities / assets
- 33.6%
- Debt / equity
- 0.51×
- Book value / share
- $3.56
- Revenue growth (YoY)
- 19.1%
- Net income growth (YoY)
- 39.2%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 3.91safe
- Accruals / assets
- 1.8%clean
- Beneish M-Score
- -1.89normal
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 6 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating margin is positive
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 16, 2022
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Capital Management LlcPassive (13G)Apr 30, 2026
- Vanguard Group IncPassive (13G)Mar 27, 2026
- Price T Rowe Associates Inc /Md/Passive (13G)Mar 6, 2026
- Encompass Capital Advisors LlcPassive (13G)Feb 17, 2026
- Blackrock, Inc.Passive (13G)Feb 6, 2026
- Blackrock Portfolio Management LlcPassive (13G)Jan 21, 2026
- Wellington Management Group LlpPassive (13G)Oct 6, 2025
- Point72 Asset Management, L.P.Passive (13G)Aug 14, 2025
- Clearbridge Investments, LlcPassive (13G)Oct 31, 2024
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Bardos DominicOfficer — Chief Financial Officer | May 8, 2026 | Sell | 54,449 | $8.48 |
| Ramdev NiharikaDirector | Apr 30, 2026 | Grant | 22,671 | $0.00 |
| Volpe ToniDirector | Apr 30, 2026 | Grant | 22,671 | $0.00 |
| Mills Jeannette MDirector | Apr 30, 2026 | Grant | 22,671 | $0.00 |
| Julian Robert K.Director | Apr 30, 2026 | Grant | 22,671 | $0.00 |
| Sundberg Lori SDirector | Apr 30, 2026 | Grant | 22,671 | $0.00 |
| Forth John BradfordDirector | Apr 30, 2026 | Grant | 35,265 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 14.4M | 2.1 | +5.5% |
| Apr 30, 2026 | 13.6M | 2.3 | -17.4% |
| Apr 15, 2026 | 16.5M | 3.6 | +8.4% |
| Mar 31, 2026 | 15.2M | 4.1 | +8.5% |
| Mar 13, 2026 | 14.0M | 2.7 | +1.3% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 5, 2026
- Shareholder voteMay 1, 2026
- Director / officer change · Regulation FD disclosureNov 6, 2025
- Results of operationsNov 4, 2025
- Results of operationsAug 5, 2025
- Shareholder voteMay 7, 2025
- Results of operations · Director / officer changeMay 6, 2025
- Changed auditorMar 12, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.