Shoals Technologies Group, Inc. announced its financial results for the second quarter ended June 30, 2025, reporting revenue of $110.8 million. This represents an 11.7% increase year-over-year and exceeded the high end of the company's guidance.
The company reported a net income of $13.9 million for the quarter, compared to $11.8 million in the prior-year period. Adjusted EBITDA was $24.5 million, compared to $27.7 million in the prior-year period, with a gross margin of 37.2%.
Shoals achieved a record backlog and awarded orders of $671.3 million as of June 30, 2025, a 4.4% increase year-over-year and a 4.1% sequential increase. Based on strong performance and improving market fundamentals, the company increased its full-year 2025 revenue outlook to a range of $450 million to $470 million, representing 13% to 18% year-over-year growth.
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