Shoals Technologies Group, Inc.

Shoals Technologies Group, Inc. Earnings Recaps

SHLS Information Technology 1 recap
Q3 2025 Nov 4, 2025

Shoals Technologies Group reported record Q3 revenue of $135.8 million, reflecting a robust 32.9% year-over-year growth, driven by a strong backlog and a positive demand environment for solar energy.

Key takeaways
  • New orders totaled $185.4 million, resulting in a backlog of $720.9 million, a 21% year-over-year increase.
  • Adjusted EBITDA reached $32 million, or 23.5% of revenue, indicating effective cost management and strong operational performance.
  • The company slightly increased its full-year revenue growth forecast to 17%-20%, signaling sustained momentum into 2026.
Full recap