Shoals Technologies (SHLS) Interest Expenses (2020 - 2026)

Shoals Technologies (SHLS) posted Interest Expenses of $2.9 million for Q1 2026, down 10.48% on a QoQ basis from $3.2 million in Q4 2025, and down 88.82% year-over-year from $26.0 million in Q1 2025.

Shoals Technologies (SHLS) Interest Expenses (2020 - 2026) Analysis & Trends

Shoals Technologies' Interest Expenses history runs 7 years deep, the most recent figure standing at $2.9 million for Q1 2026.

  • Quarterly Interest Expenses fell 88.82% year-over-year to $2.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.6 million (down 93.71% YoY) and the FY2025 annual result came in at $10.0 million, down 66.24% from the prior year.
  • Interest Expenses was $2.9 million for Q1 2026 at Shoals Technologies, down from $3.2 million in the prior quarter.
  • Across five years, Interest Expenses topped out at $34.7 million in Q3 2024 and bottomed at -$10.2 million in Q4 2024.
  • A 5-year average of $10.7 million and a median of $5.7 million in 2023 frame the typical range for Interest Expenses.
  • Annual changes were most pronounced in 2022 — Interest Expenses tumbled 321.99% — and 2024, when it soared 428.82%.
  • Shoals Technologies' Interest Expenses stood at -$8.1 million in 2022, then jumped by 170.58% to $5.7 million in 2023, then slumped by 279.18% to -$10.2 million in 2024, then soared by 131.75% to $3.2 million in 2025, then decreased by 10.48% to $2.9 million in 2026.
  • Business Quant data shows SHLS's Interest Expenses at $2.9 million in Q1 2026, $3.2 million in Q4 2025, and $4.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 56.27 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 26.55 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 28.41 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn 83.69 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 210.73 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 2.90 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn -48.46 Mn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 28.38 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn -785,260.00

Historic Data

Download Data
DateValue
Mar 31, 2026 2.90 Mn
Mar 31, 2026 2.90 Mn
Dec 31, 2025 3.24 Mn
Dec 31, 2025 3.24 Mn
Sep 30, 2025 4.56 Mn
Sep 30, 2025 4.56 Mn
Jun 30, 2025 15.10 Mn
Jun 30, 2025 15.10 Mn
Mar 31, 2025 25.96 Mn
Mar 31, 2025 25.96 Mn
Dec 31, 2024 -10.21 Mn
Dec 31, 2024 -10.21 Mn
Sep 30, 2024 34.74 Mn
Sep 30, 2024 34.74 Mn
Jun 30, 2024 31.15 Mn
Jun 30, 2024 31.15 Mn
Mar 31, 2024 31.71 Mn
Mar 31, 2024 31.71 Mn
Dec 31, 2023 5.70 Mn
Dec 31, 2023 5.70 Mn