Shoals Technologies (SHLS) Interest Expenses (2020 - 2026)
Shoals Technologies (SHLS) recorded Interest Expenses of $3.47 million in Q2 2026, up 55.4% from $2.24 million a year earlier and up 19.7% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Interest Expenses (2020 - 2026) Analysis & Trends
On a TTM basis, Shoals Technologies' Interest Expenses came in at $11.72 million as of Jun 30, 2026, up 9.1% year-over-year; for FY2025, it was $9.99 million, down 27.7% from FY2024.
- Annual Interest Expenses has a five-year compound annual growth rate of 23.3% (FY2020 to FY2025).
- Across earlier years, Interest Expenses came in at $13.83 million in FY2024 (-42.6%), $24.1 million in FY2023 (+30.0%), $18.54 million in FY2022 (+27.4%) and $14.55 million in FY2021 (+314.5%).
- The Q2 2026 figure is the highest quarterly Interest Expenses since Q1 2024.
- On a year-over-year basis, Interest Expenses rose in two of the last eight quarters, with an average decline of 15.2%.
- Peak year-over-year performance for Interest Expenses in the last five years was growth of 58.8% in Q4 2022, against a decline of 49.8% in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.9 million (Q1 2026), $2.51 million (Q4 2025) and $2.83 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | -73.00 Mn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 8.91 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 5.56 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 5.28 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 16.79 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | - |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 10.60 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 327,000.00 |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 8.40 Mn |
| 10 | Shoals Technologies | 1.36 Bn | 1.33 Bn | 49.53 Mn | 3.47 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.47 Mn |
| Mar 31, 2026 | 2.90 Mn |
| Dec 31, 2025 | 2.51 Mn |
| Sep 30, 2025 | 2.83 Mn |
| Jun 30, 2025 | 2.24 Mn |
| Mar 31, 2025 | 2.42 Mn |
| Dec 31, 2024 | 2.91 Mn |
| Sep 30, 2024 | 3.17 Mn |
| Jun 30, 2024 | 3.27 Mn |
| Mar 31, 2024 | 4.48 Mn |
| Dec 31, 2023 | 5.70 Mn |
| Sep 30, 2023 | 5.90 Mn |
| Jun 30, 2023 | 6.51 Mn |
| Mar 31, 2023 | 6.00 Mn |
| Dec 31, 2022 | 5.78 Mn |
| Sep 30, 2022 | 4.75 Mn |
| Jun 30, 2022 | 4.17 Mn |
| Mar 31, 2022 | 3.84 Mn |
| Dec 31, 2021 | 3.64 Mn |
| Sep 30, 2021 | 3.58 Mn |
API Access
Shoals Technologies Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expenses&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "ticker": "SHLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expenses&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();