The Rain or Shine Elasto Painters joined the Philippine Basketball Association (PBA) in 2006 following the acquisition of the Shell Turbo Chargers franchise of Pilipinas Shell Petroleum Corporation by Welcoat. The team began play as the Welcoat Dragons in the 2006–07 PBA season.

Records per conference Conference champions Conference runners-up Conference semifinalists

Two-conference era (2006–2010) Season Conference Team name Elimination/classification round PlayoffsFinish GP W L PCT GB Stage Results2006-07 Philippine Welcoat Dragons 10th 18 3 15 10 Did not qualify Fiesta 10th 18 4 14 9 2007-08 Philippine 10th/10 18 3 15 9 Fiesta 10th/10 18 4 14 8 2008-09 Philippine Rain or Shine Elasto Painters 4th/10 18 10 8 2 Quarterfinals Sta. Lucia 2, Rain or Shine 0 Fiesta 3rd/10 14 8 6 3 2nd-seed playoffWildcard phaseQuarterfinalsSemifinals3rd-place playoff Barangay Ginebra 114, Rain or Shine 71*Rain or Shine** 96, Barako Bull 88Rain or Shine 2, Purefoods 1Barangay Ginebra 4, Rain or Shine 2Burger King 132, Rain or Shine 118*2009-10 Philippine 9th/10 18 4 14 9 1st wildcard round2nd wildcard roundQuarterfinals Rain or Shine 90, Sta. Lucia 86*Rain or Shine 99, Coca-Cola 84*Purefoods 3, Rain or Shine 2Fiesta 6th/10 18 9 9 6 5th-seed playoff1st wildcard round2nd wildcard roundQuarterfinals Barangay Ginebra 115, Rain or Shine 88*Rain or Shine 92, Air21 88*Rain or Shine 98, Coca-Cola 93*B-Meg Derby Ace 3, Rain or Shine 2 Elimination/classification round 140 45 95 — 4 post-wildcard appearances Playoffs 28 13 15 — 0 Finals appearances Cumulative totals 168 58 110 — 0 championships*one-game playoffs**team had twice-to-beat advantage

Three-conference era (2010–present) Season Conference Team name Elimination round PlayoffsFinish GP W L PCT GB Stage Results2010-11 Philippine Rain or Shine Elasto Painters 8th/10 14 5 9 6 Quarterfinals Talk 'N Text** 107, Rain or Shine 92Commissioner's 6th/10 9 4 5 4 Quarterfinals Barangay Ginebra 2, Rain or Shine 1Governors' 5th/9 8 4 4 2 Semifinals 5th overall (6–7), 2–3 in semifinals2011-12 Philippine Rain or Shine Elasto Painters 5th/10 14 9 5 1 QuarterfinalsSemifinals Rain or Shine 2, Barangay Ginebra 0Powerade 4, Rain or Shine 3Commissioner's 8th/10 9 3 6 4 Did not qualifyGovernors' 1st/10 9 8 1 -- SemifinalsFinals 1st overall (10–4), 2–3 in semifinalsRain or Shine 4, B-Meg 32012-13 Philippine 3rd/10 14 9 5 2 QuarterfinalsSemifinalsFinals Rain or Shine 2, Barangay Ginebra 1Rain or Shine 4, San Mig Coffee 2Talk 'N Text 4, Rain or Shine 0Commissioner's 2nd/10 14 9 5 2 Quarterfinals Barangay Ginebra def. Rain or Shine** in 2 gamesGovernors' 3rd/10 9 5 4 3 QuarterfinalsSemifinals Rain or Shine** 108, GlobalPort 106Petron 3, Rain or Shine 12013-14 Philippine 2nd/10 14 11 3 -- QuarterfinalsSemifinalsFinals Rain or Shine** 106, GlobalPort 96Rain or Shine 4, Petron 1San Mig Super Coffee 4, Rain or Shine 2Commissioner's 4th/10 9 5 4 4 QuarterfinalsSemifinals Rain or Shine 2, Meralco 1Talk 'N Text 3, Rain or Shine 0Governors' 2nd/10 9 6 3 1 QuarterfinalsSemifinalsFinals Rain or Shine** 111, Air21 90Rain or Shine 3, Alaska 2San Mig Super Coffee 3, Rain or Shine 22014-15 Philippine 2nd/12 11 9 2 -- Semifinals Alaska 4, Rain or Shine 2Commissioner's 1st/12 11 8 3 -- QuarterfinalsSemifinalsFinals Rain or Shine** 92, Barangay Ginebra 91Rain or Shine 3, Meralco 0Talk 'N Text 4, Rain or Shine 3Governors' 3rd/12 11 7 4 1 QuarterfinalsSemifinals Rain or Shine** 134, Barako Bull 132 (2OT)San Miguel 3, Rain or Shine 12015-16 Philippine 3rd/12 11 8 3 1 Quarterfinals (Phase 1)Quarterfinals (Phase 2)Semifinals Rain or Shine** 95, Blackwater 90Rain or Shine 104, TNT 89*San Miguel 4, Rain or Shine 2Commissioner's 5th/12 11 7 4 1 QuarterfinalsSemifinalsFinals Rain or Shine 2, Barangay Ginebra 0Rain or Shine 3, San Miguel 1Rain or Shine 4, Alaska 2Governors' Rain or Shine Elasto Painters 8th/12 11 5 6 5 8th seed playoffs Phoenix 105, Rain or Shine 94*2016-17 Philippine 8th/12 11 5 6 5 8th seed playoffsQuarterfinals Rain or Shine 103, Blackwater 80*San Miguel** 98, Rain or Shine 91Commissioner's 6th/12 11 5 6 4 Quarterfinals Star 2, Rain or Shine 0Governors' 7th/12 11 7 4 2 Quarterfinals TNT** def. Rain or Shine in 2 games2017-18 Philippine 5th/12 11 6 5 2 Quarterfinals Barangay Ginebra 2, Rain or Shine 0Commissioner's 1st/12 11 9 2 -- QuarterfinalsSemifinals Rain or Shine** def. GlobalPort in 2 gamesBarangay Ginebra 3, Rain or Shine 1Governors' 10th/12 11 3 8 6 Did not qualify2019 Philippine 2nd/12 11 8 3 1 QuarterfinalsSemifinals Rain or Shine** 91, NorthPort 85Magnolia 4, Rain or Shine 3Commissioner's 6th/12 11 5 6 5 QuarterfinalsSemifinals Rain or Shine 2, Blackwater 1San Miguel 3, Rain or Shine 1Governors' 9th/12 11 4 7 4 Did not qualify2020 Philippine 8th/12 11 6 5 2 Quarterfinals Barangay Ginebra** 81, Rain or Shine 732021 Philippine 6th/12 11 6 5 4 Quarterfinals Magnolia 2, Rain or Shine 0Governors' 10th/12 11 3 8 6 Did not qualify 2022–23 Philippine Rain or Shine Elasto Painters 9th/12 11 4 7 5Commissioner's 8th/13 12 5 7 5 8th-seed playoffQuarterfinals Rain or Shine 110, NLEX 100*Bay Area** 126, Rain or Shine 96Governors' 10th/12 11 2 9 9 Did not qualify2023–24 Commissioner's 7th/12 11 6 5 3 Quarterfinals San Miguel** 127, Rain or Shine 122Philippine 5th/12 11 6 5 4 QuarterfinalsSemifinals Rain or Shine 2, TNT 1San Miguel 4, Rain or Shine 0 2024–25 Governors' 1st in Group B 10 7 3 -- QuarterfinalsSemifinals Rain or Shine 3, Magnolia 2TNT 4, Rain or Shine 1Commissioner's 6th/13 12 7 5 2 QuarterfinalsSemifinals Rain or Shine 2, Converge 1TNT 4, Rain or Shine 1Philippine Rain or Shine Elasto Painters 7th/12 11 6 5 2 QuarterfinalsSemifinals Rain or Shine def. NLEX** in 2 gamesTNT 4, Rain or Shine 2Elimination round 419 232 187 — 20 semifinals appearancesPlayoffs 190 86 104 — 6 Finals appearanceCumulative records 609 318 291 — 2 championships*one-game playoffs**team had the twice-to-beat advantage

Records per season Leagueseason Teamseason GP W L PCT Best finish2006–07 2006–0736 7 29 10th place2007–08 2007–0836 7 29 10th place2008–09 2008–0945 23 22 4th place (Fiesta)2009–10 2009–1051 21 30 Quarterfinals (Philippine & Fiesta)2010–11 2010–1140 16 24 Semifinals (Governors')2011–12 2011–1253 31 22 Champions (Governors')2012–13 2012–1357 31 26 Runner-up (Philippine)2013–14 2013–1461 37 24 Runner-up (Philippine & Governors')2014–15 2014–15 55 35 20 Runner-up (Commissioner's)2015–16 2015–16 54 33 21 Champions (Commissioner's)2016–17 2016–17 39 19 20 Quarterfinals (Philippine, Commissioner's & Governors')2017–18 2017–18 41 20 21 Semifinals (Commissioner's)2019 2019 48 24 24 Semifinals (Philippine & Commissioner's)2020 2020 12 6 6 Quarterfinals (Philippine)2021 2021 24 9 15 Quarterfinals (Philippine)2022–23 2022–23 36 12 24 Quarterfinals (Commissioner's)2023–24 2023–24 30 14 16 Semifinals (Philippine)2024–25 2024–25 59 31 28 Semifinals (Governors', Commissioner's & Philippine)

Cumulative records Era GPWLPCTTwo-conference era (2006–2010) 168 58 110 Three-conference era (2010–present) 609 318 291 Total 777 376 401