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- Securities Litigation (worsened) — Securities class action progressed to a $70M preliminary settlement, with $5.3M expense recorded in the current period.
Shoals Technologies revenue jumps 47.4% to $163.4M, but net income falls 12.4% on litigation and margin pressure
Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~1 min read
Key Changes
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high
Revenue surged 47.4% to $163.4M, but net income fell 12.4% to $12.1M as gross margin compressed to 29.8% from 36.3%.
MD&A verify on EDGAR → -
medium
Outstanding borrowings rose $60M to $196.8M; credit facility amended to add $50M incremental revolver.
MD&A / Notes view on EDGAR → -
medium
Backlog and awarded orders grew 19.4% YoY to $801.4M, signaling stronger future revenue visibility.
MD&A verify on EDGAR →
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify