Shoals Technologies (SHLS) Interest Expenses (2020 - 2026)
Shoals Technologies posted quarterly Interest Expenses of $2.9 million for Q1 2026, up 20.21% year-on-year from $2.4 million in Q1 2025, and up 15.61% on a QoQ basis from $2.5 million in Q4 2025.
Shoals Technologies (SHLS) has 7 years of Interest Expenses data on file, last reported 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.
- Across five years, Interest Expenses topped out at $6.5 million in Q2 2023 and bottomed at $2.2 million in Q2 2025.
- The 5-year median for Interest Expenses is $3.8 million (2022), against an average of $4.1 million.
- The widest annual swing landed in 2022, when Interest Expenses jumped 58.82%; it then slumped 49.81% in 2024.
- A 5-year view of Interest Expenses shows it stood at $5.8 million in 2022, then decreased by 1.35% to $5.7 million in 2023, then slumped by 48.88% to $2.9 million in 2024, then decreased by 13.83% to $2.5 million in 2025, then rose 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) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 7.62 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | - |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -48.46 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 633,000.00 |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | - |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | - |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 2.90 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 5.56 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | - |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 1,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2023 | 5.90 Mn |
| Sep 30, 2023 | 5.90 Mn |
| Jun 30, 2023 | 6.51 Mn |
| Jun 30, 2023 | 6.51 Mn |
| Mar 31, 2023 | 6.00 Mn |
| Mar 31, 2023 | 6.00 Mn |
| Dec 31, 2022 | 5.78 Mn |
| Dec 31, 2022 | 5.78 Mn |
| Sep 30, 2022 | 4.75 Mn |
| Sep 30, 2022 | 4.75 Mn |
| Jun 30, 2022 | 4.17 Mn |
| Jun 30, 2022 | 4.17 Mn |
| Mar 31, 2022 | 3.84 Mn |
| Mar 31, 2022 | 3.84 Mn |
| Dec 31, 2021 | 3.64 Mn |
| Dec 31, 2021 | 3.64 Mn |
| Sep 30, 2021 | 3.58 Mn |
| Sep 30, 2021 | 3.58 Mn |
| Jun 30, 2021 | 3.62 Mn |
| Jun 30, 2021 | 3.62 Mn |
| Mar 31, 2021 | 3.71 Mn |
| Mar 31, 2021 | 3.71 Mn |
| Dec 31, 2020 | 2.91 Mn |
| Dec 31, 2020 | 2.91 Mn |
| Sep 30, 2020 | 104,000.00 |
| Sep 30, 2020 | 104,000.00 |
| Jun 30, 2020 | 225,000.00 |
| Jun 30, 2020 | 225,000.00 |
| Mar 31, 2020 | 272,000.00 |
| Mar 31, 2020 | 272,000.00 |