For the quarter ending 2026-03-31, SHLS had -$5,443K decrease in cash & cash equivalents over the period. -$49,096K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Income from operations | - | 17,404 | - | - |
| Non-operating income/(expense) | - | -3,743 | - | - |
| Income tax expense | - | 5,539 | - | - |
| Gain on sale of asset | - | - | -7 | 3,134 |
| Net income | - | 33,574 | - | - |
| Net loss | -25,749 | - | 11,879 | 13,573 |
| Depreciation and amortization | 4,101 | 3,833 | 3,362 | 6,622 |
| Amortization/write off of deferred financing costs | 156 | 155 | 156 | 311 |
| Equity-based compensation | 3,317 | 2,228 | 2,419 | 5,255 |
| Provision for credit losses | - | 0 | - | - |
| Provision for obsolete or slow-moving inventory | 518 | 116 | 473 | 617 |
| Provision for warranty expense | 527 | 266 | 0 | 256 |
| Deferred taxes | -89 | 5,558 | 3,982 | 6,592 |
| Other | 1,765 | 1,049 | - | - |
| Accounts receivable | 412 | 11,329 | 14,032 | 25,251 |
| Unbilled receivables | -6,989 | 14,428 | -2,156 | -10,973 |
| Inventory | 69,633 | 29,644 | 3,924 | 1,539 |
| Other assets | 2,186 | 643 | -4,914 | 2,449 |
| Accounts payable | 15,221 | 30,754 | 6,467 | 6,099 |
| Accrued expenses and other | 2,510 | -6,871 | 7,724 | 3,937 |
| Warranty liability | 2,497 | 7,312 | 12,190 | 21,463 |
| Litigation receivable and settlement liabilities | -5,250 | - | - | - |
| Deferred revenue | -6,688 | 10,932 | 6,024 | 1,338 |
| Net cash provided by (used in) operating activities | -41,448 | -4,087 | 19,417 | 1,737 |
| Proceeds from sale of property, plant and equipment | - | 0 | 0 | 5,088 |
| Other | - | 0 | - | - |
| Purchases of property, plant and equipment | 7,648 | 7,164 | 10,449 | 15,430 |
| Net cash used in investing activities | -7,648 | -7,164 | -10,449 | -10,342 |
| Distributions to non-controlling interests | - | 0 | - | - |
| Employee withholding taxes related to net settled equity awards | 1,347 | 18 | 65 | 279 |
| Deferred financing costs | - | 0 | 0 | 0 |
| Payments on/ repayments of credit facilities-Secured Debt | - | 0 | 0 | 0 |
| Proceeds from revolving credit facility | 45,000 | 10,000 | 20,000 | 30,000 |
| Repayments of revolving credit facility | 0 | 0 | 25,000 | 40,000 |
| Repurchase of class a common stock | - | 0 | 0 | 0 |
| Excise taxes on treasury stock transactions | - | 118 | 0 | -59 |
| Deferred offering costs | - | 0 | - | - |
| Net cash provided by (used in) financing activities | 43,653 | 9,982 | -5,065 | -10,220 |
| Net increase (decrease) in cash and cash equivalents | -5,443 | -1,269 | 3,903 | -18,825 |
| Cash and cash equivalentsbeginning of period | 7,320 | 14,922 | 23,511 | - |
| Cash and cash equivalentsend of period | 1,877 | -1,269 | 8,589 | - |
Shoals Technologies Group, Inc. (SHLS)
Shoals Technologies Group, Inc. (SHLS)