Shoals Technologies (SHLS) Interest Expenses (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Interest Expenses came in at $2.9 million in Q1 2026, down 88.82% YoY from $26.0 million in Q1 2025, and up 147.72% on a QoQ basis from -$6.1 million in Q4 2025.
Shoals Technologies (SHLS) Interest Expenses (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Interest Expenses data on file, last reported at $2.9 million in 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 -$11.2 million (down 143.26% YoY) and the FY2025 annual result came in at $10.0 million, down 66.24% from the prior year.
- Interest Expenses advanced to $2.9 million in Q1 2026, from -$6.1 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $34.7 million in Q3 2024 to a low of -$12.8 million in Q4 2024.
- A 5-year average of $10.7 million and a median of $4.8 million in 2022 frame the typical range for Interest Expenses.
- The widest YoY moves for Interest Expenses: up 428.82% in 2024, down 371.09% in 2024.
- Tracing SHLS's Interest Expenses over 5 years: stood at $4.5 million in 2022, then gained by 5.38% to $4.7 million in 2023, then slumped by 371.09% to -$12.8 million in 2024, then surged by 52.3% to -$6.1 million in 2025, then jumped by 147.72% to $2.9 million in 2026.
- The last three Interest Expenses figures came in at $2.9 million (Q1 2026), -$6.1 million (Q4 2025), and $4.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 5.56 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 327,000.00 |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | - |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 12.38 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 3.47 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | -48.46 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 5.79 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | -785,260.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.48 Mn |
| Jun 30, 2026 | 3.48 Mn |
| Mar 31, 2026 | 2.90 Mn |
| Mar 31, 2026 | 2.90 Mn |
| Dec 31, 2025 | -6.08 Mn |
| Dec 31, 2025 | -6.08 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 | -12.75 Mn |
| Dec 31, 2024 | -12.75 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 |