Shoals Technologies Group, Inc. (SHLS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 05, 2026

Risk Assessment Details

Potential Dilution: 49.77% of current shares
Recent Dilution: 1.1% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
170M
Potential Supply
83M
Additional shares possible
Splits
None
Past 2 years

Summary

SHLS currently has 168M outstanding shares. with moderate dilution risk from 83.4M authorized shares representing 49.8% potential dilution. The company has minimally diluted shareholders by 1.1% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 167.6M shares outstanding

170M 83M
Nov 04, 2025

10-Q filing | 167.4M shares outstanding

170M 83M
Aug 05, 2025

10-Q filing | 167.3M shares outstanding

170M 83M
May 06, 2025

10-Q filing | 167.0M shares outstanding

170M 83M
Feb 25, 2025

10-K filing | 168.6M shares outstanding

170M 83M
Nov 12, 2024

10-Q filing | 167.3M shares outstanding

170M 83M
Aug 06, 2024

10-Q filing | 170.0M shares outstanding

170M 83M
Jun 11, 2024

8-K filing: Shoals Technologies Group, Inc. announced a share repurchase program for up to $150 million of its Class A common stock and entered into an accelerated share repurchase agreement with Jefferies LLC to repurchase $25.0 million of its common stock, with an initial delivery of 2,202,643 shares. ($25.0M proceeds)

170M 83M
May 07, 2024

10-Q filing | 170.5M shares outstanding

170M 83M
Feb 28, 2024

10-K filing | 164.5M shares outstanding

160M 83M
Nov 07, 2023

10-Q filing | 170.0M shares outstanding

170M 83M
Aug 01, 2023

10-Q filing | 169.9M shares outstanding

170M 83M
May 08, 2023

10-Q filing | 169.8M shares outstanding

170M 83M
Feb 28, 2023

10-K filing | 138.1M shares outstanding

140M 83M
Nov 14, 2022

10-Q filing | 113.6M shares outstanding

110M 83M
Aug 16, 2022

10-Q filing | 112.6M shares outstanding

110M 83M
May 17, 2022

10-Q filing | 112.2M shares outstanding

110M 83M
Mar 11, 2022

10-K filing | 112.3M shares outstanding

110M 83M
Nov 10, 2021

10-Q filing | 102.3M shares outstanding

100M 83M
Aug 11, 2021

10-Q filing | 103.9M shares outstanding

100M 83M
Jul 12, 2021

S-1 filing: This S-1 filing outlines the offering of Class A common stock by Shoals Technologies Group, Inc. and selling stockholders, detailing share information, voting rights, dividend policies, and the use of proceeds, as well as providing summary consolidated financial data.

100M 83M
May 04, 2021

10-Q filing | 93.5M shares outstanding

94M 70M
Jan 25, 2021

S-1/A filing: S-1/A filing for Shoals Technologies Group, Inc. offering 9,000,000 shares of Class A common stock by the company and 61,000,000 shares by the selling stockholder, with an underwriter's option to purchase an additional 10,500,000 shares. The company intends to use the proceeds to purchase LLC Interests and for general corporate purposes.

170M 70M
Jan 19, 2021

S-1/A filing: This S-1/A filing includes information on the offering of Class A common stock by the company and a selling stockholder, as well as the underwriter's option to purchase additional shares.

170M 58M
Jan 14, 2021

S-1/A filing: S-1/A filing for Shoals Technologies Group, Inc. involving the offering of Class A common stock by the company and selling stockholders.

N/A 0
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