SHLS - NASDAQ
Shoals Technologies Group, Inc.
$12.39
+3.1%Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, wire management solutions, and IV curve benchmarking devices. The company also sells EV Charging solutions for public and fleet electric vehicle charging stations; and EBOS systems. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects and install electric vehicle charging stations. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.
At a Glance
Live SnapshotShoals Technologies Group, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.
Cash Flow Quality Insight
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
Shoals Technologies Group, Inc. Cash Flow Statement
SHLS • NASDAQ
| Shoals Technologies Group, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||
33.6M | 24.1M | 42.7M | 143M | 3.9M | 33.8M | 25.1M | 8.6M | |
14.4M | 12.6M | 10.5M | 10.5M | 10.1M | 9.4M | 9.2M | 9M | |
16.1M | 14M | 11.3M | 8.4M | -1.5M | 0.0 | 0.0 | 0.0 | |
9.9M | 14.2M | 20.9M | 16.1M | 11.3M | 8.3M | 0.0 | 0.0 | |
2.8M | 21M | 67.1M | -100.6M | 6.3M | 539K | 339K | -2K | |
(0.0) | (109K) | (1.3M) | (786K) | (1.2M) | (0.0) | (0.0) | (0.0) | |
-59.8M | -5.6M | -60.5M | -38M | -34.2M | 2.1M | 1.5M | -14.6M | |
17.1M | 80.4M | 92M | 39.5M | -4.1M | 54.1M | 36.2M | 3M | |
INVESTING ACTIVITIES | ||||||||
-33M | -8.4M | -10.6M | -3.2M | -4.1M | -3.2M | -1.7M | -1.4M | |
(5.1M) | (0.0) | (0.0) | (0.0) | -12.9M | (0.0) | (0.0) | (0.0) | |
0.0 | 0.0 | -269K | -503K | 0.0 | 0.0 | 0.0 | 0.0 | |
-28M | -8.4M | -10.8M | -3.7M | -17M | -3.2M | -1.7M | -1.4M | |
FINANCING ACTIVITIES | ||||||||
-362K | -25.3M | 0.0 | 42.9M | 559.9M | 0.0 | 0.0 | 0.0 | |
-5M | -42M | -59.5M | -9.1M | -119.1M | 343.8M | -13.5M | -8.5M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -376M | -14M | -10.7M | |
-362K | -25.3M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
59K | -3.9M | -7.7M | -26.2M | -420.1M | -15.6M | 0.0 | 0.0 | |
-5.3M | -71.2M | -67.2M | -36.6M | 20.6M | -47.9M | -27.5M | -19.2M | |
CASH FLOW SUMMARY | ||||||||
-16.2M | 804K | 13.9M | -791K | -516K | 3M | 7M | -17.6M | |
23.5M | 22.7M | 8.8M | 9.6M | 10.1M | 7.1M | 108K | 17.7M | |
7.3M | 23.5M | 22.7M | 8.8M | 9.6M | 10.1M | 7.1M | 108K | |
-16M | 72M | 81.4M | 36.3M | -8.2M | 50.8M | 34.5M | 1.6M |
SEC Filings
SHLS - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 05, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 05, 2026 | May 05, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 01, 2026 | April 30, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 20, 2026 | April 30, 2026 | 2026 | |
8-K/A 8-K/A 2026 (Amended) N/A | February 24, 2026 | February 24, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 24, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 24, 2026 | February 24, 2026 | 2026 | |
8-K 8-K 2025 N/A | November 06, 2025 | November 05, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 04, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 04, 2025 | November 04, 2025 | 2025 |
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