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

Shoals Technologies (SHLS) reported Interest Expenses of $2.9 million for Q1 2026, up 20.21% on a YoY basis from $2.4 million in Q1 2025, and up 15.61% quarter-over-quarter from $2.5 million in Q4 2025.

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

Shoals Technologies has reported Interest Expenses for 7 years, with the latest figure at $2.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Interest Expenses rose 20.21% year-over-year to $2.9 million; the trailing twelve-month figure through Mar 2026 stood at $10.5 million (down 10.92% YoY), and the FY2025 full-year result was $10.0 million, down 27.72% from the prior year.
  • Interest Expenses for Q1 2026 stood at $2.9 million, up from $2.5 million in the prior quarter.
  • The five-year high for Interest Expenses was $6.5 million in Q2 2023, with the low at $2.2 million in Q2 2025.
  • Historically, Interest Expenses has averaged $4.1 million across 5 years, with a median of $3.8 million in 2022.
  • Annual changes were most pronounced in 2022 — Interest Expenses jumped 58.82% — and 2024, when it plunged 49.81%.
  • Shoals Technologies' Interest Expenses stood at $5.8 million in 2022, then retreated by 1.35% to $5.7 million in 2023, then tumbled by 48.88% to $2.9 million in 2024, then retreated by 13.83% to $2.5 million in 2025, then increased by 15.61% to $2.9 million in 2026.
  • The last three Interest Expenses figures came in at $2.9 million (Q1 2026), $2.5 million (Q4 2025), and $2.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 7.62 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 633,000.00
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn -
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 2.90 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 5.56 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 1,000.00
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 2.90 Mn
Mar 31, 2026 2.90 Mn
Dec 31, 2025 2.51 Mn
Dec 31, 2025 2.51 Mn
Sep 30, 2025 2.83 Mn
Sep 30, 2025 2.83 Mn
Jun 30, 2025 2.24 Mn
Jun 30, 2025 2.24 Mn
Mar 31, 2025 2.42 Mn
Mar 31, 2025 2.42 Mn
Dec 31, 2024 2.91 Mn
Dec 31, 2024 2.91 Mn
Sep 30, 2024 3.17 Mn
Sep 30, 2024 3.17 Mn
Jun 30, 2024 3.27 Mn
Jun 30, 2024 3.27 Mn
Mar 31, 2024 4.48 Mn
Mar 31, 2024 4.48 Mn
Dec 31, 2023 5.70 Mn
Dec 31, 2023 5.70 Mn