Quarterly ResultMay 5, 2026, 07:53 AM
Shoals Q1 Revenue $140.6M, Net Loss $(0.3)M; $70M Litigation Liability
AI Summary
Shoals Technologies Group reported Q1 2026 revenue of $140.6 million, a significant increase from $80.4 million in Q1 2025. The company posted a net loss of $(0.3) million, slightly higher than $(0.3) million in the prior year. A new litigation settlement liability of $70.0 million was recorded, and net cash used in operating activities was $(41.4) million. Additionally, an Administrative Law Judge at the ITC issued an Initial Determination finding that Voltage's products infringed on Shoals' '375 and '376 patents, with a final ITC determination expected by June 2026.
Key Highlights
- Q1 2026 revenue increased 74.9% to $140.6 million from $80.4 million in Q1 2025.
- Net loss for Q1 2026 was $(0.3) million, compared to $(0.3) million in Q1 2025.
- Basic and diluted loss per share for Q1 2026 remained $(0.00).
- A new litigation settlement liability of $70.0 million was recorded as of March 31, 2026.
- Revolving line of credit increased to $181.8 million from $136.8 million as of December 31, 2025.
- Net cash used in operating activities was $(41.4) million for the three months ended March 31, 2026.
- Inventory increased to $159.0 million as of March 31, 2026, from $89.9 million at year-end 2025.
- ITC Administrative Law Judge issued an Initial Determination finding Voltage infringed on Shoals' patents.
Price Impact
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