NASDAQ$SHLS
Shoals Technologies Group Inc · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Shoals Technologies Group Inc reported Q2 2025 results with revenue growth driven by utility-scale solar demand.
The company achieved revenue of $110.8 million for the quarter, up 11.7% year-over-year, with net income of $13.9 million. Gross margin declined to 37.2% due to pricing actions and product mix. Backlog and awarded orders reached $671.3 million, supporting future growth amid market volatility.
- Q2 revenue increased 11.7% to $110.8 million from higher system solution volumes.
- Gross profit margin fell to 37.2% due to strategic pricing, discounts, and customer mix.
- Net income rose 17.4% to $13.9 million, aided by a $3.1 million gain on asset sale.
- Backlog and awarded orders totaled $671.3 million, with over 13% tied to international projects.
Headline financials
Revenue & EPS history
Shoals · Revenue · Quarterly
$111M
Revenue by segment
Shoals · $111M total across 2 segments · Q2 2025
- System Solutions$84.4M—76.2%
- Components$26.4M—23.8%
Forward guidance
Company anticipates continued solar market growth but highlights risks from tariffs, policy changes, and supply chain issues.
Tailwinds
- Expansion into international, BESS, and CC&I markets.
- Increased domestic manufacturing capacity.
Headwinds
- Potential impact from new tariffs and trade restrictions.
- Uncertainty from changes to IRA tax incentives.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-1.2%
Avg return
Earnings day
-2.4%
Avg return
5 days after
-3.6%
Avg return
30 days after
38%
8 / 21 earnings
Positive
+27.2%
Q1 2023
Best reaction
-22.4%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -1.8% | +6.8% | +54.2% | |
| Q4 2025 | -22.4% | -40.1% | -34.6% | |
| Q3 2025 | -10.4% | -12.2% | -23.3% | |
| Q1 2025 | +17.3% | +35.4% | +31.4% | |
| Q4 2024 | -4.9% | -32.4% | -23.7% | |
| Q3 2024 | -14.2% | -21.0% | -23.6% | |
| Q2 2024 | -5.7% | -6.2% | +0.4% | |
| Q1 2024 | -15.1% | -21.6% | -20.7% | |
| Q4 2023 | -16.6% | -15.5% | -27.4% | |
| Q3 2023 | -6.7% | -14.2% | -13.0% | |
| Q2 2023 | -5.6% | -11.7% | -24.2% | |
| Q1 2023 | +27.2% | +27.0% | +27.2% | |
| Q4 2022 | +3.7% | +5.6% | -8.0% | |
| Q3 2022 | +20.2% | +33.9% | +19.0% | |
| Q2 2022 | +0.3% | -2.9% | -3.2% | |
| Q1 2022 | +6.7% | +20.1% | +50.9% | |
| Q4 2021 | +10.6% | +12.4% | -16.5% | |
| Q3 2021 | -7.3% | +6.6% | -18.0% | |
| Q2 2021 | -2.4% | -0.1% | -7.3% | |
| Q1 2021 | -8.1% | -10.3% | -12.9% | |
| Q4 2020 | +9.6% | -10.7% | -2.4% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro