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| Date | Value |
|---|---|
| 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 |