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Shoals Technologies Group, Inc. balance sheet

At the end of fiscal 2025, Shoals Technologies Group, Inc. had total assets of $904m, total liabilities of $304m and shareholders' equity of $600m. It held $7.3m in cash against $137m of debt: net debt of $129m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents710592324716
Receivables—27315110778129135
Inventory—153873535690185
Total current assets—5693154227188258369
Goodwill5050697070707070
Total assets—1954265958447939041,017
Accounts payable—1520914206566
Deferred revenue (current)——22322193755
Total current liabilities—2432539381127164
Short-term debt—42220——
Long-term debt—355245237179142——
Total debt0359252243184142137197
Total liabilities—379434294299236304400
Shareholders' equity150−1843291545557600617
Non-controlling interests and other (assets − liabilities − equity)——−10—————
Net debt (negative = net cash)−7349247234161118129181

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Shoals Technologies Group, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Shoals Technologies Group, Inc.