v3.25.1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Revenue	$ 80,361	$ 90,807
Cost of revenue	52,221	54,347
Gross profit	28,140	36,460
Operating expenses
General and administrative expenses	21,693	22,772
Depreciation and amortization	2,135	2,104
Total operating expenses	23,828	24,876
Income from operations	4,312	11,584
Interest expense	(2,415)	(4,475)
Interest income	118	113
Income before income taxes	2,015	7,222
Income tax expense	(2,297)	(2,448)
Net income (loss)	$ (282)	$ 4,774
Earnings (loss) per share of Class A common stock:
Basic (in dollars per share)	$ 0.00	$ 0.03
Diluted (in dollars per share)	$ 0.00	$ 0.03
Weighted average shares of Class A common stock outstanding:
Basic (in shares)	166,960	170,282
Diluted (in shares)	166,960	170,514
Class A Common Stock
Earnings (loss) per share of Class A common stock:
Basic (in dollars per share)	$ 0.00	$ 0.03
Diluted (in dollars per share)	$ 0.00	$ 0.03
Weighted average shares of Class A common stock outstanding:
Basic (in shares)	166,960	170,282
Diluted (in shares)	166,960	170,514

The aggregate cost of goods produced and sold and services rendered during the reporting period.

+ References

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Shoals Technologies Group, Inc. 10-Q